Stratasys Releases Fourth Quarter and Full Year 2024 Financial Results
-
Fourth quarter revenue of
$150.4 million $156.3 million -
Fourth quarter GAAP net loss of
$41.9 million $0.59 $30.1 million -
Fourth quarter Non-GAAP net income of
$8.5 million $0.12 -
Full year revenue of
$572.5 million $627.6 million -
Full year GAAP net loss of
$120.3 million $1.70 $4.2 million $0.06 -
Fourth quarter positive operating cash flow of
$7.4 million -
Full year positive operating cash flow of
$7.8 million $150.7 million -
Fourth quarter Adjusted EBITDA of
$14.5 million 9.6% of revenue -
Secures
$120 million - Provides 2025 outlook
Dr. Yoav Zeif, Stratasys’ Chief Executive Officer, stated, “In 2024 and early 2025, we took several key steps to enhance our leadership and strengthen our position at the forefront of additive manufacturing. We also successfully expanded our adjusted gross margin by 100 basis points, delivered net profitability on an adjusted basis, and generated positive operating cash flow in 2024 with increased cash flow expected in 2025, demonstrating the resilience of our operating model. We took decisive actions to optimize our business while maintaining our ability to scale rapidly as conditions improve. We are pleased to have right-sized the Company and demonstrated the resilience of our operating model and effectiveness of our team.”
Dr. Zeif continued, “Continuing strong customer engagement reaffirms our expectations that once spending constraints ease, adoption rates will accelerate and we will return to growth and generate increased profits. Our healthy balance sheet of
Summary - Fourth Quarter 2024 Financial Results Compared to Fourth Quarter 2023:
-
Revenue of
$150.4 million $156.3 million -
GAAP gross margin of
46.3% , compared to44.7% . -
Non-GAAP gross margin of
49.6% , compared to48.8% . -
GAAP operating loss of
$9.7 million $5.7 million -
Non-GAAP operating income of
$9.4 million $2.0 million -
GAAP net loss of
$41.9 million $0.59 $15.0 million $0.22 -
Non-GAAP net income of
$8.5 million $0.12 $1.6 million $0.02 -
Adjusted EBITDA of
$14.5 million $7.7 million -
Cash provided by operating activities of
$7.4 million $7.7 million
Summary - 2024 Financial Results Compared to 2023:
-
Revenue of
$572.5 million $627.6 million -
GAAP gross margin of
44.9% , compared to42.5% . -
Non-GAAP gross margin of
49.2% , compared to48.2% . -
GAAP operating loss of
$85.7 million $87.6 million -
Non-GAAP operating income of
$4.9 million $12.6 million -
GAAP net loss of
$120.3 million $1.70 $123.1 million $1.79 -
Non-GAAP net income of
$4.2 million $0.06 $7.7 million $0.11 -
Adjusted EBITDA of
$26.0 million $35.0 million -
Cash generated by operating activities of
$7.8 million $61.6 million
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 providing the following outlook for 2025:
-
Full year revenue of
$570 million $585 million -
Based on current logistics and materials costs, full year non-GAAP gross margins of
48.8% -49.2% , improving sequentially through the year. -
Full year operating expenses in a range of
$254 million $257 million -
Full year non-GAAP operating margins in a range of
4.0% to5.0% . -
GAAP net loss of
$68 million $53 million $0.93 $0.72 -
Non-GAAP net income of
$20 million $26 million $0.28 $0.35 -
Adjusted EBITDA of
$44.0 million $50.0 million 7.8% to8.5% . -
Capital expenditures of
$25 million $30 million - Expects to generate improved operating and free cashflow, at higher levels than in 2024.
- Expects Fortissimo Capital investment to close in the second quarter 2025.
Appropriate reconciliations between our historical GAAP and non-GAAP financial measures, as well as between the GAAP and non-GAAP financial measures included in our financial outlook for 2025, are provided in the tables at the end of our press release and slide presentation, with itemized detail concerning the non-GAAP financial measures. We have not included, however, a reconciliation of our guidance for non-GAAP gross margins to the most directly comparable GAAP financial measure, as we are unable to do so without unreasonable effort or with reasonable certainty from a quantitative perspective.
Stratasys Ltd. Fourth Quarter 2024 Webcast and Conference Call Details
The Company plans to webcast its conference call to discuss its fourth quarter and full-year 2024 financial results on Wednesday, March 5, 2025, 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=NYpcz3qp
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/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 2025 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 extent of our success at introducing new or improved products and solutions that gain market share; the extent of growth of the 3D printing sector generally; the global macro-economic environment, including headwinds caused by lingering inflation, relatively high interest rates, unfavorable currency exchange rates and uncertain economic conditions; changes in our overall strategy, including as related to the focused restructuring actions that we have implemented to streamline operations and enhance our go-to-market strategy; 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, and developments involving competitors in our industry, including merger and acquisition activity involving us and/or our competitors; whether we successfully complete the PIPE transaction whereby Fortissimo Capital will invest
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 and divestments related expense or gains and reorganization-related charges or gains, and legal provisions, (ii) excluding non-cash items such as stock-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, (iii) for certain non-GAAP measures, after eliminating the impact of changes attributable to currency exchange rate fluctuations, and (iv) after excluding changes in revenues solely attributable to divestitures of former subsidiary companies. 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 comparable view of our performance to 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 the tables below.
| Stratasys Ltd. | |||||||||
| Consolidated Balance Sheets | |||||||||
| (in thousands, except share data) | |||||||||
| (Unaudited) | |||||||||
December 31, |
December 31, |
||||||||
|
2024 |
|
|
2023 |
|
||||
| ASSETS | |||||||||
| Current assets | |||||||||
| Cash and cash equivalents | $ |
70,200 |
|
$ |
82,585 |
|
|||
| Short-term bank deposits |
|
80,500 |
|
|
80,000 |
|
|||
| Accounts receivable, net of allowance for credit losses of |
|
152,979 |
|
|
172,009 |
|
|||
| Inventories |
|
179,809 |
|
|
192,976 |
|
|||
| Prepaid expenses |
|
7,630 |
|
|
7,929 |
|
|||
| Other current assets |
|
21,843 |
|
|
24,596 |
|
|||
| Total current assets |
|
512,961 |
|
|
560,095 |
|
|||
| Non-current assets | |||||||||
| Property, plant and equipment, net |
|
184,379 |
|
|
197,552 |
|
|||
| Goodwill |
|
99,082 |
|
|
100,051 |
|
|||
| Other intangible assets, net |
|
106,253 |
|
|
127,781 |
|
|||
| Operating lease right-of-use assets |
|
32,169 |
|
|
18,895 |
|
|||
| Long-term investments |
|
80,205 |
|
|
115,083 |
|
|||
| Other non-current assets |
|
14,697 |
|
|
14,448 |
|
|||
| Total non-current assets |
|
516,785 |
|
|
573,810 |
|
|||
| Total assets | $ |
1,029,746 |
|
$ |
1,133,905 |
|
|||
| LIABILITIES AND EQUITY | |||||||||
| Current liabilities | |||||||||
| Accounts payable | $ |
44,977 |
|
$ |
46,785 |
|
|||
| Accrued expenses and other current liabilities |
|
39,749 |
|
|
36,656 |
|
|||
| Accrued compensation and related benefits |
|
29,206 |
|
|
33,877 |
|
|||
| Deferred revenues - short-term |
|
46,347 |
|
|
52,610 |
|
|||
| Operating lease liabilities - short-term |
|
6,935 |
|
|
6,498 |
|
|||
| Total current liabilities |
|
167,214 |
|
|
176,426 |
|
|||
| Non-current liabilities | |||||||||
| Deferred revenues - long-term |
|
19,057 |
|
|
23,655 |
|
|||
| Deferred income taxes |
|
507 |
|
|
723 |
|
|||
| Operating lease liabilities - long-term |
|
25,155 |
|
|
12,162 |
|
|||
| Contingent consideration - long-term |
|
4,933 |
|
|
11,900 |
|
|||
| Other non-current liabilities |
|
19,889 |
|
|
24,200 |
|
|||
| Total non-current liabilities |
|
69,541 |
|
|
72,640 |
|
|||
| Total liabilities |
|
236,755 |
|
|
249,066 |
|
|||
| Equity | |||||||||
| Ordinary shares, |
|||||||||
| at December 31, 2024 and 2023, respectively; 71,716 shares and 69,656 shares outstanding at December 31, 2024 and 2023, respectively | $ |
202 |
|
$ |
195 |
|
|||
| Treasury shares at cost, 266 and 0 shares at December 31, 2024 and 2023, respectively |
|
(1,995 |
) |
|
- |
|
|||
| Additional paid-in capital |
|
3,123,024 |
|
|
3,091,649 |
|
|||
| Accumulated other comprehensive loss |
|
(8,031 |
) |
|
(7,079 |
) |
|||
| Accumulated deficit |
|
(2,320,209 |
) |
|
(2,199,926 |
) |
|||
| Total Equity |
|
792,991 |
|
|
884,839 |
|
|||
| Total liabilities and equity | $ |
1,029,746 |
|
$ |
1,133,905 |
|
|||
| Stratasys Ltd. | ||||||||||||||||
| Consolidated Statements of Operations | ||||||||||||||||
| (in thousands, except per share data) | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
Three Months Ended December 31, |
|
Twelve Ended December 31, |
||||||||||||||
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
|
||
| Revenues | ||||||||||||||||
| Products | $ |
105,035 |
|
$ |
110,388 |
|
$ |
391,917 |
|
$ |
433,741 |
|
||||
| Services |
|
45,324 |
|
|
45,949 |
|
|
180,541 |
|
|
193,857 |
|
||||
|
150,359 |
|
|
156,337 |
|
|
572,458 |
|
|
627,598 |
|
|||||
| Cost of revenues | ||||||||||||||||
| Products |
|
53,587 |
|
|
58,275 |
|
|
197,807 |
|
|
226,510 |
|
||||
| Services |
|
27,083 |
|
|
28,304 |
|
|
117,835 |
|
|
134,064 |
|
||||
|
80,670 |
|
|
86,579 |
|
|
315,642 |
|
|
360,574 |
|
|||||
| Gross profit |
|
69,689 |
|
|
69,758 |
|
|
256,816 |
|
|
267,024 |
|
||||
| Operating expenses | ||||||||||||||||
| Research and development, net |
|
24,785 |
|
|
25,078 |
|
|
99,142 |
|
|
94,425 |
|
||||
| Selling, general and administrative |
|
54,604 |
|
|
39,006 |
|
|
243,335 |
|
|
260,179 |
|
||||
|
79,389 |
|
|
64,084 |
|
|
342,477 |
|
|
354,604 |
|
|||||
| Operating income (loss) |
|
(9,700 |
) |
|
5,674 |
|
|
(85,661 |
) |
|
(87,580 |
) |
||||
| Financial income, net |
|
176 |
|
|
846 |
|
|
1,676 |
|
|
2,993 |
|
||||
| Income (loss) before income taxes |
|
(9,524 |
) |
|
6,520 |
|
|
(83,985 |
) |
|
(84,587 |
) |
||||
| Income tax expense |
|
653 |
|
|
637 |
|
|
2,973 |
|
|
5,782 |
|
||||
| Share in losses of associated companies |
|
31,766 |
|
|
20,839 |
|
|
33,325 |
|
|
32,705 |
|
||||
| Net loss | $ |
(41,943 |
) |
$ |
(14,956 |
) |
$ |
(120,283 |
) |
$ |
(123,074 |
) |
||||
| Net loss per share | ||||||||||||||||
| Basic | $ |
(0.59 |
) |
$ |
(0.22 |
) |
$ |
(1.70 |
) |
$ |
(1.79 |
) |
||||
| Diluted | $ |
(0.59 |
) |
$ |
(0.22 |
) |
$ |
(1.70 |
) |
$ |
(1.79 |
) |
||||
| Weighted average ordinary shares outstanding | ||||||||||||||||
| Basic |
|
71,406 |
|
|
69,375 |
|
|
70,858 |
|
|
68,666 |
|
||||
| Diluted |
|
71,406 |
|
|
69,375 |
|
|
70,858 |
|
|
68,666 |
|
||||
Three Months Ended December 31, |
||||||||||||||||||||||||
|
2024 |
|
|
Non-GAAP |
|
|
2024 |
|
|
|
2023 |
|
|
Non-GAAP |
|
|
2023 |
|
||||||
GAAP |
|
Adjustments |
|
Non-GAAP |
|
GAAP |
|
Adjustments |
|
Non-GAAP |
||||||||||||||
|
||||||||||||||||||||||||
| Gross profit (1) | $ |
69,689 |
|
$ |
4,866 |
|
$ |
74,555 |
$ |
69,758 |
|
$ |
6,565 |
|
$ |
76,323 |
||||||||
| Operating income (loss) (1,2) |
|
(9,700 |
) |
|
19,144 |
|
|
9,444 |
|
|
5,674 |
|
|
(3,659 |
) |
|
2,015 |
|
||||||
| Net income (loss) (1,2,3) |
|
(41,943 |
) |
|
50,462 |
|
|
8,519 |
|
|
(14,956 |
) |
|
16,604 |
|
|
1,648 |
|
||||||
| Net income (loss) per diluted share (4) | $ |
(0.59 |
) |
$ |
0.71 |
|
$ |
0.12 |
|
$ |
0.22 |
|
$ |
0.24 |
|
$ |
0.02 |
|
||||||
(1) |
Acquired intangible assets amortization expense |
|
4,496 |
|
|
5,446 |
|
|||||||||||||||||
| Non-cash stock-based compensation expense |
|
198 |
|
|
879 |
|
||||||||||||||||||
| Restructuring and other related costs |
|
172 |
|
|
240 |
|
||||||||||||||||||
|
4,866 |
|
|
6,565 |
|
|||||||||||||||||||
(2) |
Acquired intangible assets amortization expense |
|
1,153 |
|
|
1,688 |
|
|||||||||||||||||
| Non-cash stock-based compensation expense |
|
2,856 |
|
|
6,997 |
|
||||||||||||||||||
| Restructuring and other related costs |
|
5,275 |
|
|
461 |
|
||||||||||||||||||
| Revaluation of investments |
|
4,697 |
|
|
- |
|
||||||||||||||||||
| Contingent consideration |
|
(9,148 |
) |
|
(23,206 |
) |
||||||||||||||||||
| Net loss from sale of investment |
|
4,760 |
|
|
- |
|
||||||||||||||||||
| Legal and other expenses |
|
4,685 |
|
|
3,836 |
|
||||||||||||||||||
|
14,278 |
|
|
(10,224 |
) |
|||||||||||||||||||
|
19,144 |
|
|
(3,659 |
) |
|||||||||||||||||||
(3) |
Corresponding tax effect and other expenses |
|
535 |
|
|
489 |
|
|||||||||||||||||
| Equity method related amortization, divestments and impairments |
|
30,910 |
|
|
19,790 |
|
||||||||||||||||||
| Finance income |
|
(127 |
) |
|
(16 |
) |
||||||||||||||||||
$ |
50,462 |
|
$ |
16,604 |
|
|||||||||||||||||||
(4) |
Weighted average number of ordinary shares outstanding - Diluted |
|
71,406 |
|
|
71,740 |
|
|
69,375 |
|
|
69,801 |
|
|||||||||||
Twelve Months Ended December 31, |
||||||||||||||||||||||||
|
2024 |
|
|
Non-GAAP |
|
|
2024 |
|
|
|
2023 |
|
|
Non-GAAP |
|
|
2023 |
|
||||||
GAAP |
|
Adjustments |
|
Non-GAAP |
|
GAAP |
|
Adjustments |
|
Non-GAAP |
||||||||||||||
|
||||||||||||||||||||||||
| Gross profit (1) | $ |
256,816 |
|
$ |
24,948 |
|
$ |
281,764 |
$ |
267,024 |
|
$ |
35,764 |
|
$ |
302,788 |
||||||||
| Operating income (loss) (1,2) |
|
(85,661 |
) |
|
90,594 |
|
|
4,933 |
|
|
(87,580 |
) |
|
100,207 |
|
|
12,627 |
|
||||||
| Net income (loss) (1,2,3) |
|
(120,283 |
) |
|
124,520 |
|
|
4,237 |
|
|
(123,074 |
) |
|
130,783 |
|
|
7,709 |
|
||||||
| Net income (loss) per diluted share (4) | $ |
(1.70 |
) |
$ |
1.76 |
|
$ |
0.06 |
|
$ |
(1.79 |
) |
$ |
1.90 |
|
$ |
0.11 |
|
||||||
(1) |
Acquired intangible assets amortization expense |
|
18,576 |
|
|
19,603 |
|
|||||||||||||||||
| Non-cash stock-based compensation expense |
|
3,072 |
|
|
3,701 |
|
||||||||||||||||||
| Restructuring and other related costs |
|
3,300 |
|
|
12,460 |
|
||||||||||||||||||
|
24,948 |
|
|
35,764 |
|
|||||||||||||||||||
(2) |
Acquired intangible assets amortization expense |
|
5,847 |
|
|
9,167 |
|
|||||||||||||||||
| Non-cash stock-based compensation expense |
|
22,546 |
|
|
27,917 |
|
||||||||||||||||||
| Restructuring and other related costs |
|
17,419 |
|
|
7,087 |
|
||||||||||||||||||
| Revaluation of investments |
|
6,597 |
|
|
4,880 |
|
||||||||||||||||||
| Contingent consideration |
|
(7,595 |
) |
|
(22,331 |
) |
||||||||||||||||||
| Net loss from sale of investment |
|
4,760 |
|
|
- |
|
||||||||||||||||||
| Legal and other expenses |
|
16,072 |
|
|
37,723 |
|
||||||||||||||||||
|
65,646 |
|
|
64,443 |
|
|||||||||||||||||||
|
90,594 |
|
|
100,207 |
|
|||||||||||||||||||
(3) |
Corresponding tax effect |
|
1,267 |
|
|
3,894 |
|
|||||||||||||||||
| Equity method related amortization, divestments and impairments |
|
31,262 |
|
|
24,871 |
|
||||||||||||||||||
| Finance expenses |
|
1,397 |
|
|
1,811 |
|
||||||||||||||||||
$ |
124,520 |
|
$ |
130,783 |
|
|||||||||||||||||||
(4) |
Weighted average number of ordinary shares outstanding - Diluted |
|
70,858 |
|
|
71,177 |
|
|
68,666 |
|
|
69,233 |
|
|||||||||||
| Reconciliation of GAAP net loss to Adjusted EBITDA | ||||||||
Three months ended
|
Twelve months ended
|
|||||||
2024 |
2023 |
2024 |
2023 |
|||||
( |
||||||||
| Net loss | (41,943 |
) |
(14,956 |
) |
(120,283 |
) |
(123,074 |
) |
| Financial income, net | (176 |
) |
(846 |
) |
(1,676 |
) |
(2,993 |
) |
| Income tax expenses | 653 |
|
637 |
|
2,973 |
|
5,782 |
|
| Share in losses of associated companies | 31,766 |
|
20,839 |
|
33,325 |
|
32,705 |
|
| Depreciation expenses | 5,033 |
|
5,653 |
|
21,030 |
|
22,417 |
|
| Amortization expenses | 5,649 |
|
7,134 |
|
24,423 |
|
28,770 |
|
| Non-cash stock-based compensation expense | 3,054 |
|
7,876 |
|
25,618 |
|
31,614 |
|
| Revaluation of investments | 4,697 |
|
- |
|
6,597 |
|
4,880 |
|
| Net loss from sale of investment | 4,760 |
|
- |
|
4,760 |
|
- |
|
| Contingent consideration | (9,148 |
) |
(23,206 |
) |
(7,595 |
) |
(22,331 |
) |
| Legal and other expenses | 4,685 |
|
3,836 |
|
16,072 |
|
37,723 |
|
| Restructuring and other related costs | 5,447 |
|
701 |
|
20,719 |
|
12,460 |
|
| Impairments of long lived assets | - |
|
- |
|
- |
|
7,087 |
|
| Adjusted EBITDA | 14,477 |
|
7,668 |
|
25,963 |
|
35,040 |
|
| Stratasys Ltd. | ||
| Reconciliation of GAAP Net Loss to Non-GAAP Net Income Forward Looking Guidance: | ||
| Fiscal Year 2025 | ||
| (in millions, except per share data) | ||
|
||
|
||
| GAAP net loss |
( |
|
|
||
| Adjustments |
|
|
| Stock-based compensation expense |
|
|
| Intangible assets amortization expense |
|
|
| Reorganization and other |
|
|
| Tax expense related to Non-GAAP adjustments |
|
|
|
||
| Non-GAAP net income |
|
|
|
||
| GAAP loss per share |
( |
|
|
||
| Non-GAAP diluted earnings per share |
|
|
|
||
|
||
| Reconciliation of GAAP Net Loss to Adjusted EBITDA Forward Looking Guidance: | ||
|
||
| Fiscal Year 2025 | ||
|
||
| (in millions, except per share data) | ||
|
||
|
||
| GAAP net loss |
( |
|
|
||
| Adjustments |
|
|
| Stock-based compensation expense |
|
|
| Intangible assets amortization expense |
|
|
| Reorganization and other |
|
|
| Tax expense related to Non-GAAP adjustments |
|
|
| Other non-operating expense |
|
|
| Depreciation |
|
|
|
||
| Adjusted EBITDA |
|
|
|
||
|
||
| Stratasys Ltd. | ||
|
||
| Reconciliation of GAAP Operating Loss to Adjusted Non-GAAP Operating Income: | ||
|
||
| Fiscal Year 2025 | ||
|
||
| (in millions, except per share data) | ||
|
||
|
||
| GAAP operating loss |
( |
|
| GAAP operating margins |
- |
|
|
||
| Adjustments |
|
|
| Stock-based compensation expense |
|
|
| Intangible assets amortization expense |
|
|
| Reorganization and other |
|
|
|
||
| Non-GAAP operating profit |
|
|
| Non-GAAP operating margins |
|
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20250305116042/en/
Yonah Lloyd
CCO, VP Investor Relations
Yonah.Lloyd@stratasys.com
Source: Stratasys Ltd.
