“We remain encouraged by our performance within our key vertical markets during the first quarter, driven by our initiatives to drive customer engagement. In addition, we believe that strong utilization of our installed base of systems was demonstrated by steady growth in consumables and customer support revenue during the period, while improved focus resulted in reductions in our operating expenses,” said Stratasys CEO Ilan Levin.
April alone was full of case studies as Stratasys collaborated with various partners, including Queen Elizabeth Hospital, where the company’s PolyJet 3D printing technology was used to make maxillofacial surgical guides and anatomical models; Siemens, which used a Fortus 900mc to 3D print custom production parts for trams; and McLaren Racing, which is using Stratasys 3D printers to produce parts for race cars. Cases such as these are signs of Stratasys’ gradual shift from prototyping to production-grade machines and materials, which could very well point in the direction of gains rather than losses in coming quarters.
“We are pleased with the progress we are making in developing applications that are driven by the specific needs of our customers,” said Levin. “We believe that this deeper customer engagement will help us to provide significant value and grow the adoption our products and services. Our recent announcements with Siemens Mobility and SIA Engineering, as well as the early success of our collaboration with McLaren Racing, illustrate the potential value that can be created by our extensive knowledge and capabilities.”
Guidance for projected revenue and loss for the rest of the fiscal year includes:
- Revenue guidance of $645 to $680 million.
- GAAP net loss guidance of $53 to $39 million
- Non-GAAP net income guidance of $10 to $20 million
To learn more about Stratasys’ financial results, you can access the Q1 2017 conference/webcast here and take a look at their Investor Relations page. Discuss in the Stratasys forum at 3DPB.com.