Stratasys (NASDAQ: SSYS) Reports Fourth-Quarter Earnings and Releases 2015 Guidance

Share this Article

s1Well it’s that time of year again, earnings season. Last week, 3D Systems reported their fourth-quarter 2014 earnings to investors who had been hoping for at least an inkling of good news. While their report was not spectacular, actually falling shy of what many analysts had expected, there was a glimmer of hope ignited in the fact that the company’s 2015 earnings guidance fell in line with what analysts had been expecting.

Today, the other major US-based 3D Printing company, Stratasys (NASDAQ: SSYS), has reported their fourth-quarter 2014 results. After their stock plunged over 30% following an earnings warning early last month, investors were looking for at least some good news to prop shares back up a bit.

This morning’s report from Stratasys had some positives and negatives in it. Overall though, it has finally provided investors with something to cheer about, at least for the time being. While analysts’ expectations were already set fairly low, thanks to the company’s February 3rd warning, their actual quarter-four earnings fell slightly below what the average analyst had expected. The Company reported non-GAAP earnings per share of $0.48, compared to an EPS of $0.49 that analysts had been expecting. The news gets better from their though.

Fourth-quarter revenue came in at $217 million, representing an increase of 40% over the same period in 2013, and beating analysts’ estimates of $215.83. MakerBot accounted for $26.6 million, or approximately 8.15% of total quarterly revenue. Additionally, the company’s 2015 earnings guidance comes in on the higher end of what analysts had been expecting. Stratasys sees full-year 2015 EPS coming in at around $2.07 – $2.24, while analysts had expected EPS guidance to come in at around $2.12. As for expected revenue this year, analysts’ numbers had predicted $950 million, which comes in right smack dab in the middle of Stratasys’ estimated $940 to $960 million figure.

s2

“Growth in our core business reflects the increasing demand for additive manufacturing, and our leadership within the marketplace,” explained David Reis, CEO of Stratasys. During the fourth quarter, MakerBot was affected by challenges associated with the introduction and scaling of its new product platform and its rapidly evolving distribution model. As market adoption continues to evolve and to the extent MakerBot continues to establish and expand sales channels, the Company expects MakerBot growth rates to ramp up to, or exceed, overall Company averages by 2016.”

A few other interesting details from the report include the following:s3

  • A total of 11,214 consumer and industrial scale 3D printers were sold during the forth quarter.
  • EBITDA for the fourth quarter amounted to $29.6 million.
  • $21.4 million was invested in the forth quarter for R&D, equating to 9.8% of net sales.
  • Backlog at the end of 2014 was $14.3 million, versus $28.5 million at the end of 2013.
  • Stratasys generated $14.9 million in cash for the quarter, bringing their total cash and cash equivalents to $443 million.

The market seems to like the news as the stock is currently trading in the pre-market up 4.33%, or $2.69. Let us know your thoughts on these numbers. Discuss in the Stratasys fourth-quarter 2014 forum thread on 3DPB.com.

Share this Article


Recent News

Mimaki Integrates Fraunhofer’s Cuttlefish 3D Printer Driver into 3DUJ-553 Systems

Operation Namaste Making 3D Printed Molds for Prosthetic Aligners in Nepal



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Jumbo 3D Manufacturing Partners with MOBILIS Medical for 3D Printing in Healthcare

Last year, diversified business Jumbo Group, which is the UAE’s leading distributor of IT and consumer electronics, launched a new business dedicated to 3D printing called Jumbo 3D Manufacturing. Now,...

Interview with RESA’s Glen Hinshaw on 3D Printing Shoes

Glen Hinshaw’s path to 3D printing is more circuitous than most. He used to ride in professional cycling circuits, was on the US Postal cycling team, founded a circuit board...

Thermwood & Purdue: 3D Printed Composite Molds to Make Compression Molding Parts

If I had to name one company that’s an expert in terms of machining, I’d say Indiana-based Thermwood Corporation, the oldest CNC machine manufacturing company in business. The company has...

TU Delft: A New Approach for the 3D Printed Hand Prosthetic

In the recently published ‘Functional evaluation of a non-assembly 3D-printed hand prosthesis,’ authors (from TU Delft) Juan Sebastian Cuellar, Gerwin Smit, Paul Breedveld, Amir Abbas Zadpoor, and Dick Plettenburg outline...


Shop

View our broad assortment of in house and third party products.


Services & Data

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our 3DPrint.com.

You have Successfully Subscribed!