Stratasys today reiterated previously provided guidance for 2017. The Company’s guidance for projected revenue and net income (loss) for the fiscal year ending December 31, 2017 is as follows:
- Revenue guidance of $645 to $680 million.
- GAAP net loss guidance of $53 to $39 million, or ($1.00) to ($0.73) per diluted share.
- Non-GAAP net income guidance of $10 to $20 million, or $0.19 to $0.37 per diluted share.
Stratasys provided the following additional guidance regarding the Company’s projected performance and strategic plans for 2017:
- Non-GAAP operating margin guidance of 3% to 5%.
- Capital expenditures guidance of $40 to $50 million.
Given the expected ongoing negative impact of not recording a tax benefit on U.S. tax losses on the Company’s non-GAAP net income, the Company believes that the rate of growth in its non-GAAP operating income will be the best measure of performance.
Non-GAAP earnings guidance for 2017 excludes $34 million of projected amortization of intangible assets; $18 to $20 million of share-based compensation expense; $2 to $3 million in merger and acquisition related expense; and $8 to $10 million in reorganization and other related costs; and includes $3 to $4 million in tax expenses related to non-GAAP adjustments.
Stratasys Ltd. Q2 2017 Conference Call Details
The Company plans to hold the conference call to discuss its second quarter financial results on Wednesday, August 9, 2017 at 8:30 a.m. (ET).
The investor conference call will be available via live webcast on the Stratasys Web site at www.stratasys.com under the "Investors" tab; or directly at the following web address: http://edge.media-server.com/m/p/6iz9y7m8.
To participate by telephone, the domestic dial-in number is (866) 394-5776 and the international dial-in is (409) 350-3596. The access code is 48312906.
Investors are advised to dial into the call at least ten minutes prior to the call to register. The webcast will be available for 90 days on the "Investors" page of the Stratasys Web site or by accessing the provided web address.
Stratasys (NASDAQ: SSYS) is a global leader in applied additive technology solutions for industries including Aerospace, Automotive, Healthcare, Consumer Products and Education. For nearly 30 years, a deep and ongoing focus on customers’ business requirements has fueled purposeful innovations—1,200 granted and pending additive technology patents to date—that create new value across product lifecycle processes, from design prototypes to manufacturing tools and final production parts. The Stratasys 3D printing ecosystem of solutions and expertise—advanced materials; software with voxel level control; precise, repeatable and reliable FDM and PolyJet 3D printers; application-based expert services; on-demand parts and industry-defining partnerships—works to ensure seamless integration into each customer’s evolving workflow. Fulfilling the real-world potential of additive, Stratasys delivers breakthrough industry-specific applications that accelerate business processes, optimize value chains and drive business performance improvements for thousands of future-ready leaders around the world.
Corporate Headquarters: Minneapolis, Minnesota and Rehovot, Israel.
Stratasys and Fortus are registered trademarks and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All other trademarks are the property of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
The statements in this press release regarding Stratasys' strategy, and
the statements regarding its projected future financial performance,
including the financial guidance concerning its expected results for
2017, are forward-looking statements reflecting management's current
expectations and beliefs. These forward-looking statements are based on
current information that is, by its nature, subject to rapid and even
abrupt change. Due to risks and uncertainties associated with Stratasys'
business, actual results could differ materially from those projected or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to: potential declines in the
prices of our products and services, or volume of our sales, due to
decreased demand in the 3D printing market; any failure to adequately
adapt our infrastructure and properly integrate the internal and
external sources of our growth to generate intended benefits (including
from the companies that we recently acquired); changes in the overall
global economic environment; the impact of competition and new
technologies; changes in the general market, or in political and
economic conditions in the countries in which we operate; any
underestimates in projected capital expenditures and liquidity; changes
in our strategy; changes in applicable government regulations and
approvals; changes in customers’ budgeting priorities; reduction in our
profitability due to shifting in our product mix into lower margin
products or our shifting in our revenues mix significantly towards our
AM services business; costs and potential liability relating to
litigation and regulatory proceedings; and those factors referred to in
Item 3.D “Key Information - Risk Factors”, Item 4, “Information on the
Company”, and Item 5, “Operating and Financial Review and Prospects” in
our 2016 Annual Report on Form 20-F, filed with the SEC on March 9,
2017, as well as in the 2016 Annual Report generally. Readers are urged
to carefully review and consider the various disclosures made throughout
(i) the Report on Form 6-K that attaches Stratasys’ unaudited, condensed
consolidated financial statements as of, and for the quarter and six
months ended, June 30, 2017, and its review of its results of operations
and financial condition for those periods, which has been furnished to
the SEC on or about the date hereof, (ii) Stratasys’ 2016 Annual Report,
and (iii) Stratasys’ other reports filed with or furnished to the SEC,
which are designed to advise interested parties of the risks and factors
that may affect our business, financial condition, results of operations
and prospects. Any guidance provided, and other forward-looking
statements made, in this press release are made as of the date hereof,
and Stratasys undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.