Non-GAAP earnings guidance excludes $34 million of projected amortization of intangible assets; $16 to $17 million of share-based compensation expense; net gains from divestitures of $23 to $22 and reorganization related expense of $6 to $7 million; and includes ($1) to $1 million in tax expenses (income) related to non-GAAP adjustments.
“We ended the quarter with positive cash generation and expense controls that drove efficiencies and maintained operational discipline as we continue to invest in research and development to expand our portfolio,” continued Jaglom. “We believe we have the best go-to-market execution strategy in the industry and are focused on delivering new, innovative solutions in the coming years that will drive strong, profitable top and bottom-line growth.”
Stratasys Ltd. Q3 2018 Conference Call Details
The Company plans to hold the conference call to discuss its third quarter financial results on Thursday, November 1, 2018 at 8:30 a.m. (ET).
The investor conference call will be available via live webcast on the Stratasys Website at www.stratasys.com in the "Investor Relations" section; or directly at the following web address: https://edge.media-server.com/m6/p/a8omzkp4.
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 2963439.
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 Website or by accessing the provided web address.
Stratasys is a global leader in additive manufacturing or 3D printing technology, and is the manufacturer of FDM® and PolyJet™ 3D Printers. The Company’s technologies are used to create prototypes, manufacturing tools, and production parts for industries, including aerospace, automotive, healthcare, consumer products and education. For 30 years, Stratasys products have helped manufacturers reduce product-development time, cost, and time-to-market, as well as reduce or eliminate tooling costs and improve product quality. The Stratasys 3D printing ecosystem of solutions and expertise includes: 3D printers, materials, software, expert services, and on-demand parts production. Online at: www.stratasys.com, http://blog.stratasys.com and LinkedIn.
Stratasys is a registered trademark 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
2018, 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: the degree of market
acceptance of our 3D printers, high-performance systems and consumables,
and the software and technology included in those systems; potential
declines in the demand for, or the prices of, our products and services,
or volume of our sales, due to decreased demand either for them
specifically or in the 3D printing market generally; potential further
charges against earnings that we could be required to take due to
impairment of additional goodwill or other intangible assets; potential
shifts in our product mix to lower-margin products or in our revenues
mix towards our AM services business; 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); the impact of competition and new
technologies; risks related to our relationships with our suppliers,
resellers and independent sales agents, and our operations at our
manufacturing sites; risks related to the international scope of our
operations and regulatory compliance (including reporting,
environmental, anti-corruption and other regulatory compliance) related
to that scope of operations; risks related to the security of our
information systems (including risks related to potential
cyber-attacks); changes in the overall global economic environment or in
political and economic conditions in the countries in which we operate;
changes in our strategy; costs and potential liability relating to
litigation and regulatory proceedings; and those additional factors
referred to in Item 3.D “Key Information - Risk Factors”, Item 4,
“Information on the Company”, Item 5, “Operating and Financial Review
and Prospects,” and all other parts of our Annual Report on Form 20-F
for the year ended December 31, 2017 (the “2017 Annual Report”),
filed with the Securities and Exchange Commission (the “SEC”) on
February 28th, 2018. Readers are urged to carefully review
and consider the various disclosures made throughout our 2017 Annual
Report, and the Report on Form 6-K that attaches Stratasys’ unaudited,
condensed consolidated financial statements as of, and for the quarter
and nine months ended, September 30, 2018, 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, and our 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.