Stratasys: Fourth Quarter Financial Overview

Stratasys Reports Fourth Quarter Financial Results

Stratasys Ltd., headquartered in Minnetonka, Minnesota, announced on Thursday that it incurred a net loss of $18.9 million during the fourth quarter.

The company reported a per-share loss of 22 cents. However, after adjusting for one-time expenses and restructuring charges, earnings amounted to 7 cents per share.

These adjusted results surpassed analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had anticipated earnings of 5 cents per share.

The 3D printing manufacturer generated $140 million in revenue for the quarter, exceeding the average analyst forecast of $139.1 million.

For the full fiscal year, Stratasys posted a total loss of $104.3 million, or $1.28 per share, with annual revenue reaching $551.1 million.

Looking ahead, the company projects earnings for the upcoming year to fall between 9 and 14 cents per share, with expected revenue ranging from $565 million to $575 million.

This article was produced by Automated Insights using information from Zacks Investment Research.