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home / news releases / SSYS - Tough Times Ahead For Desktop Metal (Rating Downgrade)

SSYS - Tough Times Ahead For Desktop Metal (Rating Downgrade)

Stratasys Ltd.

2023-05-14 02:50:45 ET

Summary

  • Desktop Metal missed both revenue and GAAP EPS expectations, with revenue significantly below expectations.
  • We believe that the current macroeconomic environment is seriously detrimental to Desktop Metal, with interest rates unlikely to return to 0 anytime soon.
  • We are concerned about Desktop Metals' current free cash flow burn rate and balance sheet position despite cost savings.
  • Consequently, we believe that if capital were to be raised through the equity market, it would be seriously detrimental to shareholders.

For further details see:

Tough Times Ahead For Desktop Metal (Rating Downgrade)
Stock Information
Company Name: Stratasys Ltd.
Stock Symbol: SSYS
Market: NASDAQ
Website: stratasys.com
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