Stratasys cuts FY23 EPS view to 10c-14c from 12c-24c, consensus 18c

Cuts FY23 revenue view to $620M-$630M from $630M-$670M, consensus $641.99M. Sees FY23 adjusted EBITDA $35M-$38M. Sees FY23 capital expenditures $15M-$20M. Zeif continued, “We want to acknowledge the tremendous support we have received from partners, customers, investors and our industry since the tragic events in Israel. We especially want to thank our employees who have performed in an exemplary fashion during these challenging times. Our operations have been fully functional, allowing us to continue delivering industry-leading results. We have streamlined and focused our business, while simultaneously rolling out new and exciting innovations that will expand our leadership position across systems, materials, software and customer service. Our recently introduced F3300 is the latest step in that continued evolution to unlock manufacturing benefits for our customers. Our maturity as a company, financial discipline and resilient business model position us well to deliver exceptional value for many years to come.”