- Stratasys press release ( NASDAQ: SSYS ): Q2 Non-GAAP EPS of $0.02 beats by $0.03 .
- Revenue of $166.6M (+13.3% Y/Y) beats by $0.28M .
- Full year revenue of $675 million to $685 million vs. $689.58M consensus, as compared to a previous range of $685 million to $695 million. The reduction is primarily due to unexpected and adverse currency exchange rates which are expected to impact third and fourth quarter results relatively equally.
- Revenue growth in the second half of the year approximately 6%-7% higher than the second half of 2021, with fourth quarter anticipated to grow at a higher rate than third quarter.
- Based on current logistics and materials costs, third quarter gross margins relatively flat compared to third quarter of 2021, and full-year gross margins of flat to slightly higher than 2021.
- Full year-operating expenses that are $18 million to $23 million higher than 2021, primarily due to ongoing investments in new products to drive higher revenue.
- Full year non-GAAP operating margins slightly above 2%.
- GAAP net loss of $78 million to $69 million, or ($1.17) to ($1.04) per diluted share.
- Non-GAAP net income of $10 million to $13 million, or $0.14 to $0.19 per diluted sharefrom prior outlook of $0.14 to $0.19 per diluted share vs. $0.16 consensus.
- Adjusted EBITDA of $38 million to $41 million.
- Capital expenditures of $20 million to $25.
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Stratasys Non-GAAP EPS of $0.02 beats by $0.03, revenue of $166.6M beats by $0.28M, cuts FY22 revenue guidance