Stratasys Clocks 17 Percent Revenue Growth in Q4 Backed by Growth Across All Technologies, Regions

By Benzinga
Benzinga
Benzinga
February 23, 2022 Updated: February 23, 2022

Stratasys Ltd. reported fourth-quarter FY21 revenue growth of 17.3 percent year-on-year to $167 million, beating the consensus of $165 million.

Product sales rose 19 percent Y/Y to $118.04 million. Services revenue increased 13.2 percent Y/Y to $48.98 million.

The non-GAAP gross margin contracted 80 bps to 48.7 percent.

Non-GAAP EPS of $0.01 beat the consensus loss of $(0.01).

The company generated $4.4 million in operating cash flow and held $502.2 million in cash and equivalents.

Dr. Yoav Zeif, the CEO, stated, “Our strong execution and results for the fourth quarter were driven by growth across all technologies and regions. Revenue was up over 17 percent, led by systems growth of 26 percent as we delivered our highest systems sales in three years, helping to generate our sixth consecutive quarter of positive operating cash flow.”

Outlook

Stratasys sees FY22 revenue of $680 million – $695 million, above the consensus of $672.2 million.

Stratasys sees non-GAAP EPS of $0.14 – $0.19, above the consensus of $0.12.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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