Stratasys Releases Third Quarter 2024 Financial Results
Stratasys (SSYS) reported Q3 2024 financial results with revenue of $140.0 million, down from $162.1 million in Q3 2023. Despite revenue decline, the company showed improved margins with GAAP gross margin increasing 430bps to 44.8% and non-GAAP gross margin up 130bps to 49.6%. The company achieved non-GAAP net income of $0.4 million ($0.01 per share) and Adjusted EBITDA of $5.1 million. Notably, consumables revenue grew for the eighth consecutive quarter. The company raised its 2024 margins and profitability outlook while maintaining revenue guidance of $570-580 million.
Stratasys (SSYS) ha riportato i risultati finanziari del terzo trimestre del 2024, con un fatturato di 140,0 milioni di dollari, in diminuzione rispetto ai 162,1 milioni di dollari del terzo trimestre del 2023. Nonostante il calo dei ricavi, l'azienda ha mostrato un miglioramento dei margini, con il margine lordo GAAP aumentato di 430 punti base al 44,8% e il margine lordo non GAAP in crescita di 130 punti base al 49,6%. L'azienda ha raggiunto un reddito netto non GAAP di 0,4 milioni di dollari (0,01 dollari per azione) e un EBITDA rettificato di 5,1 milioni di dollari. Si segnala che i ricavi da consumabili sono aumentati per l'ottavo trimestre consecutivo. L'azienda ha alzato le previsioni sui margini e la redditività per il 2024, mantenendo però la guida sui ricavi tra 570 e 580 milioni di dollari.
Stratasys (SSYS) reportó los resultados financieros del tercer trimestre de 2024, con ingresos de 140,0 millones de dólares, una disminución desde los 162,1 millones de dólares del tercer trimestre de 2023. A pesar de la disminución de ingresos, la empresa mostró márgenes mejorados, con el margen bruto GAAP aumentando 430 puntos básicos al 44,8% y el margen bruto no GAAP aumentando 130 puntos básicos al 49,6%. La empresa logró un ingreso neto no GAAP de 0,4 millones de dólares (0,01 dólares por acción) y un EBITDA ajustado de 5,1 millones de dólares. Cabe destacar que los ingresos por consumibles crecieron por octavo trimestre consecutivo. La empresa elevó sus previsiones de márgenes y rentabilidad para 2024, mientras mantiene la guía de ingresos entre 570 y 580 millones de dólares.
Stratasys (SSYS)는 2024년 3분기 재무 결과를 보고했으며, 1억 4천만 달러의 매출을 기록했습니다. 이는 2023년 3분기의 1억 6천 2백 10만 달러에서 감소한 수치입니다. 매출 감소에도 불구하고, 회사는 430bp 증가하여 44.8%에 달하는 GAAP 총 마진과 130bp 증가하여 49.6%에 이르는 비 GAAP 총 마진을 통해 개선된 마진을 보여주었습니다. 회사는 비 GAAP 순이익으로 40만 달러(주당 0.01달러)와 조정 EBITDA로 510만 달러를 달성했습니다. 특히, 소비재 매출은 8분기 연속 증가했습니다. 회사는 2024년 마진과 수익성 전망을 상향 조정했으며, 매출 가이던스는 5억 7천-5억 8천만 달러를 유지하고 있습니다.
Stratasys (SSYS) a annoncé les résultats financiers du troisième trimestre 2024, avec des revenus de 140,0 millions de dollars, en baisse par rapport à 162,1 millions de dollars au troisième trimestre 2023. Malgré la baisse des revenus, l'entreprise a affiché des marges améliorées, avec une marge brute GAAP augmentée de 430 points de base à 44,8 % et une marge brute non GAAP en hausse de 130 points de base à 49,6 %. L'entreprise a réalisé un bénéfice net non GAAP de 0,4 million de dollars (0,01 dollar par action) et un EBITDA ajusté de 5,1 millions de dollars. À noter que les revenus issus des consommables ont augmenté pour le huitième trimestre consécutif. L'entreprise a relevé ses prévisions de marges et de rentabilité pour 2024 tout en maintenant une estimation des revenus entre 570 et 580 millions de dollars.
Stratasys (SSYS) hat die finanziellen Ergebnisse für das 3. Quartal 2024 bekannt gegeben, mit einer Umsatzhöhe von 140,0 Millionen Dollar, ein Rückgang von 162,1 Millionen Dollar im 3. Quartal 2023. Trotz des Umsatzrückgangs zeigte das Unternehmen verbesserte Margen, wobei die GAAP-Bruttomarge um 430 Basispunkte auf 44,8% und die non-GAAP-Bruttomarge um 130 Basispunkte auf 49,6% anstieg. Das Unternehmen erzielte einen non-GAAP-Nettoertrag von 0,4 Millionen Dollar (0,01 Dollar pro Aktie) und ein bereinigtes EBITDA von 5,1 Millionen Dollar. Bemerkenswert ist, dass die Umsätze mit Verbrauchsmaterialien im achten aufeinanderfolgenden Quartal gestiegen sind. Das Unternehmen hob die Prognosen für Margen und Rentabilität im Jahr 2024 an, während die Umsatzerwartung von 570 bis 580 Millionen Dollar beibehalten wurde.
- Eighth consecutive quarter of growth in recurring consumables revenue
- GAAP gross margin improved by 430bps to 44.8%
- Non-GAAP gross margin improved by 130bps to 49.6%
- Returned to non-GAAP profitability with $0.4 million net income
- Restructuring cost savings ahead of plan, targeting $40 million annual savings
- Revenue declined 13.6% to $140.0 million from $162.1 million in Q3 2023
- GAAP net loss of $26.6 million, or $0.37 per diluted share
- Operating cash flow negative at $4.5 million used in operations
- Adjusted EBITDA decreased to $5.1 million from $9.8 million year-over-year
Insights
The Q3 results reveal mixed signals for Stratasys. While revenue declined
Key positives include eight consecutive quarters of consumables revenue growth, suggesting strong printer utilization and recurring revenue stability. The restructuring plan is ahead of schedule, targeting
The raised guidance for margins and profitability, while maintaining revenue outlook of
The shift from prototyping to manufacturing applications, particularly in FDM technology, represents a significant strategic evolution. The F3300 platform's market traction and expansion in aerospace, automotive and healthcare sectors suggests successful penetration into high-value industrial applications.
The improving gross margins, despite revenue pressure, indicate better pricing power and operational efficiency in manufacturing operations. The focus on higher-growth opportunities and cost optimization while maintaining product development signals a balanced approach to near-term profitability and long-term market positioning.
Raises 2024 Margins and Profitability Outlook
-
Revenue of
, compared to$140.0 million in third quarter 2023$162.1 million - Eighth consecutive quarter of year-over-year growth in recurring consumables revenue reflects continued strong printer utilization
-
Improved GAAP gross margin by 430bps to
44.8% and non-GAAP gross margin by 130bps to49.6% compared to third quarter 2023 -
GAAP net loss of
, or$26.6 million per diluted share; non-GAAP net income resumes achieving profitability with$0.37 , or$0.4 million per diluted share$0.01 -
of cash used in operations; year-to-date operating cash flow remains positive$4.5 million -
Adjusted EBITDA of
$5.1 million - Restructuring cost savings being delivered ahead of plan
- Raises outlook for full-year 2024 margins and profitability metrics
Third Quarter 2024 Financial Results Compared to Third Quarter 2023:
-
Revenue of
, compared to$140.0 million , reflects ongoing impacts from current macroeconomic environment on customer capital equipment spending.$162.1 million -
GAAP gross margin of
44.8% , compared to40.5% and non-GAAP gross margin of49.6% , compared to48.3% . -
GAAP operating loss of
, compared to an operating loss of$25.5 million .$42.8 million -
Non-GAAP operating loss of
, compared to non-GAAP operating income of$0.1 million .$4.1 million -
GAAP net loss of
, or$26.6 million per diluted share, compared to a net loss of$0.37 , or$47.3 million per diluted share.$0.68 -
Non-GAAP net income of
, or$0.4 million per diluted share, compared to non-GAAP net income of$0.01 , or$2.4 million per diluted share.$0.04 -
Adjusted EBITDA of
, compared to$5.1 million .$9.8 million -
Cash used in operating activities of
, compared to$4.5 million .$12.7 million
Dr. Yoav Zeif, Stratasys’ Chief Executive Officer, stated, "Our decisive actions to realign our business with current market realities are starting to yield results. We have successfully begun to transform the company through cost optimization and by focusing on higher-growth opportunities. Our flagship F3300 platform is gaining significant traction in the marketplace, while our expansion into our key target industries of Aerospace, Automotive and Healthcare continues to expand. Most importantly, we returned to non-GAAP profitability in the third quarter, overcoming ongoing revenue pressures, further demonstrating the effective execution of our business plan by our entire team.”
Dr. Zeif continued, “The fundamental strength of our business is evident in our improved margins and continued robust balance sheet. Our recurring revenue from Consumables continues to grow, particularly in FDM technology utilization for manufacturing purposes, partially offsetting hardware sales that remain impacted by macro conditions. This validates both our recurring revenue model and our customers' accelerating shift from prototyping to manufacturing applications. With our restructuring plan ahead of schedule and on track to deliver
2024 Financial Outlook:
Based on current market conditions and assuming that the impacts of global inflationary pressures, relatively high interest rates and supply chain costs do not impede economic activity further, the Company is maintaining its revenue outlook and raising its margins and profitability outlook for 2024 as follows:
-
Revenue of
to$570 million .$580 million -
Non-GAAP gross margins between
49.0% to49.2% . -
Operating expenses in the range of
to$276 million .$278 million -
Non-GAAP operating margins to range between
0.6% to1.3% . -
GAAP net loss of
to$105 million , or ($90 million ) to ($1.48 ) per diluted share.$1.27 - Includes one-time extraordinary costs associated with Stratasys’ strategic alternatives process.
-
Non-GAAP net income of
to$2.1 , or$5.0 million to$0.03 .$0.07 -
Adjusted EBITDA of
to$25 million .$28 million -
Capital expenditures of
to$15 million .$20 million
Non-GAAP earnings guidance excludes
Appropriate reconciliations between GAAP and non-GAAP financial measures are provided in a table at the end of our press release and slide presentation, with itemized detail concerning the non-GAAP financial measures.
Stratasys Ltd. Third Quarter 2024 Webcast and Conference Call Details
The Company plans to webcast its conference call to discuss its third quarter 2024 financial results on Wednesday, November 13, 2024, at 8:30 a.m. (ET).
The investor conference call will be available via live webcast on the Stratasys Web site at investors.stratasys.com, or directly at the following web address:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=xEC56y1o
To participate by telephone, the
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.
To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, X.com (formerly Twitter), LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including the Company’s websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.
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 2024 and beyond, 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 our success at introducing new or improved products and solutions that gain market share; the degree of growth of the 3D printing market generally; the impact of potential shifts in the prices or margins of the products that we sell or services that we provide, including due to a shift towards lower margin products or services; the impact of competition and new technologies; potential further charges against earnings that we could be required to take due to impairment of additional goodwill or other intangible assets; the extent of our success at successfully consummating and integrating into our existing business acquisitions or investments in new businesses, technologies, products or services; the global macro-economic environment, including headwinds caused by inflation, relatively high interest rates, unfavorable currency exchange rates and other growth-inhibiting conditions; potential changes in our management and board of directors; global market, political and economic conditions, and in the countries in which we operate in particular; costs and potential liability relating to litigation and regulatory proceedings; risks related to infringement of our intellectual property rights by others or infringement of others' intellectual property rights by us; the extent of our success at maintaining our liquidity and financing our operations and capital needs; the impact of tax regulations on our results of operations and financial condition; 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, 2023, which we filed with the
Use of Non-GAAP Financial Measures
The non-GAAP data included herein, which excludes certain items as described below, are non-GAAP financial measures. Our management believes that these non-GAAP financial measures are useful information for investors and shareholders of our company in gauging our results of operations (i) on an ongoing basis after excluding mergers, acquisitions, divestments and strategic process-related expense or gains and reorganization-related charges or gains, and legal provisions and (ii) excluding non-cash items such as share-based compensation expenses, acquired intangible assets amortization, including intangible assets amortization related to equity-method investments, impairment of long-lived assets and goodwill, revaluation of our investments and the corresponding tax effect of those items. These non-GAAP adjustments either do not reflect actual cash outlays that impact our liquidity and our financial condition or have a non-recurring impact on the statement of operations, as assessed by management. These non-GAAP financial measures are presented to permit investors to more fully understand how management assesses our performance for internal planning and forecasting purposes. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of our results of operations without including all items indicated above during a period, which may not provide a view of our performance that is comparable to those of other companies in our industry. Investors and other readers should consider non-GAAP measures only as supplements to, not as substitutes for or as superior measures to, the measures of financial performance prepared in accordance with GAAP. Reconciliation between results on a GAAP and non-GAAP basis is provided in a table below.
Stratasys Ltd. | ||||||||
Consolidated Balance Sheets | ||||||||
(in thousands, except share data) | ||||||||
September 30, 2024 | December 31, 2023 | |||||||
ASSETS | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ |
63,956 |
|
$ |
82,585 |
|
||
Short-term bank deposits |
|
80,000 |
|
|
80,000 |
|
||
Accounts receivable, net of allowance for credit losses of |
|
153,653 |
|
|
172,009 |
|
||
Inventories |
|
195,188 |
|
|
192,976 |
|
||
Prepaid expenses |
|
8,522 |
|
|
7,929 |
|
||
Other current assets |
|
18,025 |
|
|
24,596 |
|
||
Total current assets |
|
519,344 |
|
|
560,095 |
|
||
Non-current assets | ||||||||
Property, plant and equipment, net |
|
183,969 |
|
|
197,552 |
|
||
Goodwill |
|
100,086 |
|
|
100,051 |
|
||
Other intangible assets, net |
|
111,883 |
|
|
127,781 |
|
||
Operating lease right-of-use assets |
|
32,591 |
|
|
18,895 |
|
||
Long-term investments |
|
120,070 |
|
|
115,083 |
|
||
Other non-current assets |
|
14,734 |
|
|
14,448 |
|
||
Total non-current assets |
|
563,333 |
|
|
573,810 |
|
||
Total assets | $ |
1,082,677 |
|
$ |
1,133,905 |
|
||
LIABILITIES AND EQUITY | ||||||||
Current liabilities | ||||||||
Accounts payable | $ |
48,157 |
|
$ |
46,785 |
|
||
Accrued expenses and other current liabilities |
|
35,328 |
|
|
36,656 |
|
||
Accrued compensation and related benefits |
|
29,428 |
|
|
33,877 |
|
||
Deferred revenues - short-term |
|
49,788 |
|
|
52,610 |
|
||
Operating lease liabilities - short-term |
|
6,714 |
|
|
6,498 |
|
||
Total current liabilities |
|
169,415 |
|
|
176,426 |
|
||
Non-current liabilities | ||||||||
Deferred revenues - long-term |
|
19,109 |
|
|
23,655 |
|
||
Deferred income taxes - long-term |
|
574 |
|
|
723 |
|
||
Operating lease liabilities - long-term |
|
25,420 |
|
|
12,162 |
|
||
Contingent consideration - long-term |
|
12,410 |
|
|
11,900 |
|
||
Other non-current liabilities |
|
23,971 |
|
|
24,200 |
|
||
Total non-current liabilities |
|
81,484 |
|
|
72,640 |
|
||
Total liabilities | $ |
250,899 |
|
$ |
249,066 |
|
||
Contingencies (see note 12) | ||||||||
Equity | ||||||||
Ordinary shares, |
$ |
200 |
|
$ |
195 |
|
||
Additional paid-in capital |
|
3,117,626 |
|
|
3,091,649 |
|
||
Accumulated other comprehensive loss |
|
(7,782 |
) |
|
(7,079 |
) |
||
Accumulated deficit |
|
(2,278,266 |
) |
|
(2,199,926 |
) |
||
Total equity |
|
831,778 |
|
|
884,839 |
|
||
Total liabilities and equity | $ |
1,082,677 |
|
$ |
1,133,905 |
|
Stratasys Ltd. | |||||||||||||||||
Consolidated Statements of Operations | |||||||||||||||||
(in thousands, except per share data) | Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
|
|||
unaudited | unaudited | unaudited | unaudited | ||||||||||||||
Revenues | |||||||||||||||||
Products | $ |
94,092 |
|
$ |
113,270 |
|
$ |
286,882 |
|
$ |
323,353 |
|
|||||
Services |
|
45,916 |
|
|
48,863 |
|
|
135,217 |
|
|
147,908 |
|
|||||
|
140,008 |
|
|
162,133 |
|
|
422,099 |
|
|
471,261 |
|
||||||
Cost of revenues | |||||||||||||||||
Products |
|
47,707 |
|
|
59,546 |
|
|
144,220 |
|
|
168,235 |
|
|||||
Services |
|
29,571 |
|
|
36,938 |
|
|
90,752 |
|
|
105,760 |
|
|||||
|
77,278 |
|
|
96,484 |
|
|
234,972 |
|
|
273,995 |
|
||||||
Gross profit |
|
62,730 |
|
|
65,649 |
|
|
187,127 |
|
|
197,266 |
|
|||||
Operating expenses | |||||||||||||||||
Research and development, net |
|
24,700 |
|
|
23,567 |
|
|
74,357 |
|
|
69,347 |
|
|||||
Selling, general and administrative |
|
63,495 |
|
|
84,880 |
|
|
188,731 |
|
|
221,173 |
|
|||||
|
88,195 |
|
|
108,447 |
|
|
263,088 |
|
|
290,520 |
|
||||||
Operating loss |
|
(25,465 |
) |
|
(42,798 |
) |
|
(75,961 |
) |
|
(93,254 |
) |
|||||
Financial income, net |
|
1,009 |
|
|
687 |
|
|
1,500 |
|
|
2,147 |
|
|||||
Loss before income taxes |
|
(24,456 |
) |
|
(42,111 |
) |
|
(74,461 |
) |
|
(91,107 |
) |
|||||
Income tax expenses |
|
842 |
|
|
645 |
|
|
2,320 |
|
|
5,145 |
|
|||||
Share in losses of associated companies |
|
1,316 |
|
|
4,523 |
|
|
1,559 |
|
|
11,866 |
|
|||||
Net loss | $ |
(26,614 |
) |
$ |
(47,279 |
) |
$ |
(78,340 |
) |
$ |
(108,118 |
) |
|||||
Net loss per share - basic and diluted | |||||||||||||||||
Basic | $ |
(0.37 |
) |
$ |
(0.68 |
) |
$ |
(1.11 |
) |
$ |
(1.58 |
) |
|||||
Diluted | $ |
(0.37 |
) |
$ |
(0.68 |
) |
$ |
(1.11 |
) |
$ |
(1.58 |
) |
|||||
Weighted average ordinary shares outstanding | |||||||||||||||||
Basic |
|
71,271 |
|
|
69,093 |
|
|
70,670 |
|
|
68,432 |
|
|||||
Diluted |
|
71,271 |
|
|
69,093 |
|
|
70,670 |
|
|
68,432 |
|
Three Months Ended September 30, | ||||||||||||||||
|
2024 |
|
Non-GAAP |
|
2024 |
|
|
2023 |
|
Non-GAAP |
2023 |
|||||
GAAP | Adjustments | Non-GAAP | GAAP | Adjustments | Non-GAAP | |||||||||||
Gross profit (1) | $ |
62,730 |
|
$ |
6,768 |
$ |
69,498 |
|
$ |
65,649 |
|
$ |
12,617 |
$ |
78,266 |
|
Operating income (loss) (1,2) |
|
(25,465 |
) |
$ |
25,351 |
|
(114 |
) |
|
(42,798 |
) |
$ |
46,885 |
|
4,087 |
|
Net income (loss) (1,2,3) |
|
(26,614 |
) |
$ |
26,985 |
|
371 |
|
|
(47,279 |
) |
$ |
49,725 |
|
2,446 |
|
Net income (loss) per diluted share to Stratasys Ltd. (4) | $ |
(0.37 |
) |
$ |
0.38 |
$ |
0.01 |
|
$ |
(0.68 |
) |
$ |
0.72 |
$ |
0.04 |
|
(1) |
Acquired intangible assets amortization expense |
|
4,507 |
|
5,142 |
|||||||||||
Non-cash stock-based compensation expense |
|
912 |
|
891 |
||||||||||||
Restructuring and other related costs |
|
1,349 |
|
6,584 |
||||||||||||
|
6,768 |
|
12,617 |
|||||||||||||
(2) |
Acquired intangible assets amortization expense |
|
1,124 |
|
2,599 |
|||||||||||
Non-cash stock-based compensation expense |
|
5,657 |
|
6,588 |
||||||||||||
Restructuring and other related costs |
|
7,585 |
|
2,360 |
||||||||||||
Revaluation of investments |
|
— |
|
4,300 |
||||||||||||
Contingent consideration |
|
519 |
|
265 |
||||||||||||
Legal and other expenses |
|
3,698 |
|
18,156 |
||||||||||||
|
18,583 |
|
34,268 |
|||||||||||||
|
25,351 |
|
46,885 |
|||||||||||||
(3) |
Corresponding tax effect and other expenses |
|
294 |
|
153 |
|||||||||||
Equity method related expenses |
|
981 |
|
2,525 |
||||||||||||
Finance expenses |
|
359 |
|
162 |
||||||||||||
$ |
26,985 |
$ |
49,725 |
|||||||||||||
(4) |
Weighted average number of ordinary shares outstanding- Diluted |
|
71,271 |
|
|
71,417 |
|
|
69,093 |
|
|
69,815 |
Nine months ended September 30, | ||||||||||||||||
|
2024 |
|
Non-GAAP |
|
2024 |
|
|
2023 |
|
Non-GAAP |
2023 |
|||||
GAAP | Adjustments | Non-GAAP | GAAP | Adjustments | Non-GAAP | |||||||||||
Gross profit (1) | $ |
187,127 |
|
$ |
20,082 |
$ |
207,209 |
|
$ |
197,266 |
|
$ |
29,199 |
$ |
226,465 |
|
Operating income (loss) (1,2) |
|
(75,961 |
) |
$ |
71,450 |
|
(4,511 |
) |
|
(93,254 |
) |
$ |
103,866 |
|
10,612 |
|
Net income (loss) attributable to Stratasys Ltd. (1,2,3) |
|
(78,340 |
) |
$ |
74,058 |
|
(4,282 |
) |
|
(108,118 |
) |
$ |
114,179 |
|
6,061 |
|
Net income (loss) per diluted share attributable to Stratasys Ltd. (4) | $ |
(1.11 |
) |
$ |
1.05 |
$ |
(0.06 |
) |
$ |
(1.58 |
) |
$ |
1.67 |
$ |
0.09 |
|
(1) |
Acquired intangible assets amortization expense |
|
14,080 |
|
14,157 |
|||||||||||
Non-cash stock-based compensation expense |
|
2,874 |
|
2,822 |
||||||||||||
Restructuring and other related costs |
|
3,128 |
|
12,220 |
||||||||||||
|
20,082 |
|
29,199 |
|||||||||||||
(2) |
Acquired intangible assets amortization expense | $ |
4,694 |
$ |
7,479 |
|||||||||||
Non-cash stock-based compensation expense | $ |
19,689 |
$ |
20,920 |
||||||||||||
Restructuring and other related costs | $ |
12,144 |
$ |
6,626 |
||||||||||||
Revaluation of investments | $ |
1,900 |
$ |
4,880 |
||||||||||||
Contingent consideration | $ |
1,553 |
$ |
877 |
||||||||||||
Legal and other expenses | $ |
11,388 |
$ |
33,885 |
||||||||||||
|
51,368 |
|
74,667 |
|||||||||||||
|
71,450 |
|
103,866 |
|||||||||||||
(3) |
Corresponding tax effect and other expenses | $ |
732 |
$ |
3,404 |
|||||||||||
Equity method related expenses | $ |
352 |
$ |
1,827 |
||||||||||||
Finance expenses | $ |
1,524 |
$ |
5,081 |
||||||||||||
$ |
74,058 |
$ |
114,179 |
|||||||||||||
(4) |
Weighted average number of ordinary shares outstanding- Diluted |
|
70,670 |
|
|
70,670 |
|
|
68,432 |
|
|
69,046 |
Fiscal Year 2024 | ||
(in millions, except per share data) | ||
GAAP net loss | ( |
|
Adjustments | ||
Stock-based compensation expense | ||
Intangible assets amortization expense | ||
Reorganization and other | ||
Tax expense (benefit) related to Non-GAAP adjustments | ||
Non-GAAP net income | ||
GAAP loss per share | ( |
|
Non-GAAP diluted earnings per share |
View source version on businesswire.com: https://www.businesswire.com/news/home/20241113452010/en/
Yonah Lloyd
CCO & VP Investor Relations
Yonah.Lloyd@stratasys.com
Source: Stratasys Ltd.
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