Stratasys reports Q4 EPS 2c, consensus 2c

Reports Q4 revenue $156.34M, consensus $154.17M. Yoav Zeif, Stratasys’ CEO stated, “We continued to differentiate ourselves in 2023, achieving our tenth consecutive quarter of profitability on an adjusted basis. We also delivered 1.3% full year revenue growth when adjusted for divestitures despite a persistently challenging backdrop for our customers. Revenue in the fourth quarter was driven by another record for consumables sales, demonstrating how utilization of our systems remains strong, while a relentless focus on cost control contributed to improved margins.”