In This Article:
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Consolidated Revenue: $136 million, down from $144.1 million in Q1 2024.
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Product Revenue: $93.8 million, compared to $99.2 million in the same period last year.
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Service Revenue: $42.2 million, compared to $44.9 million in the same period last year.
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System Revenue: $31.2 million, compared to $32.9 million in the same period last year.
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Consumables Revenue: $62.6 million, compared to $66.3 million in the same period last year; up 7% sequentially.
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Customer Support Revenue: $30 million, compared to $31.4 million in the same period last year.
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GAAP Gross Margin: 44.3%, compared to 44.4% in the same period last year.
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Non-GAAP Gross Margin: 48.3%, compared to 48.6% in the same period last year.
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GAAP Operating Expenses: $72.6 million, 53.4% of revenue, down from $88.4 million or 61.3% of revenue last year.
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Non-GAAP Operating Expenses: $62.6 million, 46% of revenue, down from $71.2 million or 49.5% of revenue last year.
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GAAP Operating Loss: $12.4 million, compared to a loss of $24.5 million last year.
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Non-GAAP Operating Income: $3 million, compared to a loss of $1.2 million last year.
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GAAP Net Loss: $13.1 million or $0.18 per diluted share, compared to a net loss of $26 million or $0.37 per diluted share last year.
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Non-GAAP Net Income: $2.9 million or $0.04 per diluted share, compared to a net loss of $1.7 million or $0.02 per diluted share last year.
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Adjusted EBITDA: $8.2 million, compared to $4.1 million last year.
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Cash from Operating Activities: $4.5 million, compared to $7.3 million last year.
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Cash and Equivalents: $150.1 million, relatively flat compared to year-end 2024.
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Full Year 2025 Revenue Outlook: $570 million to $585 million.
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GAAP Net Loss Outlook: Improved to a range of minus $64 million to minus $49 million.
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Non-GAAP Net Income Guidance: Increased to a range of $24 million to $30 million.
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Stratasys Ltd (NASDAQ:SSYS) demonstrated resilience in its recurring revenue model with high utilization rates across its customer base.
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The company reported a 7% sequential growth in consumables, indicating strong demand for its additive manufacturing systems.
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Stratasys Ltd (NASDAQ:SSYS) closed a $120 million strategic investment from Fortissimo Capital, boosting its cash reserves to $270 million with no debt.
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The launch of the Neo 800+ 3D printer and new materials like Antero and PolyJet ToughONE highlight Stratasys Ltd (NASDAQ:SSYS)'s commitment to innovation.
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The company achieved significant operating expense savings, leading to a non-GAAP operating income of $3 million compared to a loss in the previous year.