2015 Guidance:
The Company provided financial guidance for the fourth quarter of 2015 as follows:
- Total revenue in the range of $160 to $175 million, with non-GAAP net loss in the range of $9 to $3 million, or ($0.17) to ($0.06) per diluted share.
- GAAP net loss of $35.3 to $28.3 million, or ($0.68) to ($0.54) per basic share.
- Non-GAAP earnings guidance excludes $17 million of projected amortization of intangible assets; $7 to $7.5 million of share-based compensation expense; $2.5 million in non-recurring expenses related to acquisitions; $4 to $5 million in reorganization and other related costs; and includes $5.2 to $5.7 million in tax expenses related to non-GAAP adjustments.
The Company is reviewing its long term operating model, and will provide an update when visibility has improved.
Stratasys Ltd. Q3-2015 Conference Call Details
The Company plans to hold a conference call to discuss its third quarter results on November 4, 2015 at 7:00 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/svoedx39.
To participate by telephone, the domestic dial-in number is 866-270-6057 and the international dial-in is 617-213-8891. The access code is 66906702.
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.
For more than 25 years, Stratasys Ltd. (NASDAQ: SSYS) has been a defining force and dominant player in 3D printing and additive manufacturing – shaping the way things are made. Headquartered in Minneapolis, Minnesota and Rehovot, Israel, the Company empowers customers across a broad range of vertical markets by enabling new paradigms for design and manufacturing. The Company’s solutions provide customers with unmatched design freedom and manufacturing flexibility – reducing time-to-market and lowering development costs, while improving designs and communications. Stratasys subsidiaries include MakerBot and Solidscape and the Stratasys ecosystem includes 3D printers producing prototypes and parts; a wide range of 3D printing materials; parts on-demand via Stratasys Direct Manufacturing; strategic consulting and professional services; and Thingiverse/GrabCAD communities with 5+ million free design components, printable files. With approximately 3,000 employees and 800 granted or pending additive manufacturing patents, Stratasys has received more than 30 technology and leadership awards. Visit us online at: www.stratasys.com or http://blog.stratasys.com
Stratasys is a registered trademark of Stratasys Ltd. and/or its subsidiaries or affiliates.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements are characterized by the use of forward-looking terminology
such as “will,” “expects,” “anticipates,” “continues,” “believes,”
“should,” “intended,” “projected,” “guidance,” “preliminary,” “future,”
“planned,” “committed,” and other similar words. These forward-looking
statements include, but are not limited to, statements relating to the
Company’s objectives, plans and strategies, statements of preliminary or
projected results of operations or of financial condition and all
statements that address activities, events or developments that the
Company intends, expects, projects, believes or anticipates will or may
occur in the future. Forward-looking statements are not guarantees of
future performance and are subject to risks and uncertainties. The
Company has based these forward-looking statements on assumptions and
assessments made by its management in light of their experience and
their perception of historical trends, current conditions, expected
future developments and other factors they believe to be appropriate.
Important factors that could cause actual results, developments and
business decisions to differ materially from those anticipated in these
forward-looking statements include, among other things: the Company’s
ability to efficiently and successfully integrate the operations of its
acquired subsidiaries; the overall global economic environment; the
impact of competition and new technologies; general market, political
and economic conditions in the countries in which the Company operates;
projected capital expenditures and liquidity; changes in the Company’s
strategy; government regulations and approvals; changes in customers’
budgeting priorities; litigation and regulatory proceedings; further
charges to non-cash goodwill and other intangible assets impairment
expenses and those factors referred to under “Risk Factors”,
“Information on the Company”, “Operating and Financial Review and
Prospects”, and generally in the Company’s annual report on Form 20-F
for the year ended December 31, 2014, filed with the U.S. Securities and
Exchange Commission (the “SEC”), and in other reports that the Company
has filed with or furnished to the SEC from time to time. Readers are
urged to carefully review and consider the various disclosures made in
the Company’s SEC reports, which are designed to advise investors as to
the risks and other factors that may affect its business, financial
condition, results of operations and prospects. Any guidance and other
forward-looking statements in this press release are made as of the date
hereof, and the Company 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.
