Stratasys ( NASDAQ: SSYS ) is trading around +3% on Thursday after reporting better-than-expected Q4 top and bottom lines.
Revenue dipped around 5% Y/Y but remained about the consensus at $159.3M for Q4, with an adjusted operating income of $5.1M, up from just $1.7M a year ago. Adjusted EBITDA also rose from $7.9M to $10.7M.
For the full year, revenue rose around 7% to $651.5M, with an adjusted operating income of $13.5M (up from $1.7M) and an adjusted EBITDA of $36.1M, compared to $22.6M in 2021.
CEO Yoav Zeif stated: "Stratasys grew 11.4% in 2022, adjusting for divestitures and currency impacts, while delivering our sixth consecutive quarter of profitability on an adjusted basis against an increasingly challenging macroeconomic environment."
For 2023, Stratasys ( SSYS ) estimates revenue in the range of $620M-$670M, compared to the current consensus of $655.11M.
The firm expects sequent revenue growth over the year, with growth notably higher in H2. Full-year adjusted net income is expected to be in the range of $9M-$17M and and EPS of $0.12-$0.24, compared to analysts' estimate of $0.20.
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Stratasys beats Q4 estimates and issues in-line outlook for 2023