Business
Stratasys Releases Fourth Quarter and Full Year 2019 Financial Results
Fourth Quarter Revenue of $160.2 million and $636.1 million for full year 2019 Fourth Quarter GAAP net loss of $2.8 million, or $0.05 per diluted share, and
About this update from Stratasys, Ltd.
[{"type":"text","content":"\nFourth Quarter Revenue of $160.2 million and $636.1 million for full year 2019\n\n\nFourth Quarter GAAP net loss of $2.8 million, or $0.05 per diluted share, and non-GAAP net income of $10.0 million, or $0.18 per diluted share\n\n\nCompany releases full year 2020 earnings guidance\n\n MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--\nStratasys Ltd. (NASDAQ: SSYS) announced financial results for the fourth quarter and full year 2019.\n\n\nQ4 2019 Financial Results Summary:\nRevenue for the fourth quarter of 2019 was $160.2 million, compared to $177.1 million for the same period last year.\n\n\n\nGAAP gross margin was 49.1% for the quarter, flat compared to the same period last year.\n\n\nNon-GAAP gross margin was 52.4% for the quarter, compared to 52.2% for the same period last year.\n\n\nGAAP operating loss for the quarter was $3.3 million, compared to an operating loss of $3.8 million for the same period last year.\n\n\nNon-GAAP operating income for the quarter was $10.2 million, compared to non-GAAP operating income of $12.8 million for the same period last year.\n\n\nNon-GAAP EBITDA was $15.8 million for the quarter, compared to $20.1 million for the same period last year.\n\n\nGAAP net loss for the quarter was $2.8 million, or ($0.05) per diluted share, compared to a net income of $6.3 million, or $0.12 per diluted share, for the same period last year.\n\n\nNon-GAAP net income for the quarter was $10.0 million, or $0.18 per diluted share, compared to net income of $11.3 million, or $0.21 per diluted share, for the same period last year.\n\n\nThe Company used $3.4 million of cash from operations during the fourth quarter and ended the period with $321.8 million in cash, cash equivalents and short-term deposits.\n\n\n\n“Since joining Stratasys I have taken the opportunity to begin an in-depth review of the business and am already impressed by the deep level of knowledge, professionalism, and dedication exhibited at all levels of the organization. I strongly believe in the solid foundation for growth that has been created at Stratasys, including an innovative and expanding product portfolio, disciplined financial management, and the industry’s leading distribution partners,” said Yoav Zeif, Chief Executive Officer of Stratasys. “Starting in the back half of this year we expect to introduce our next phase of growth with a nota...