Stratasys sees FY24 EPS 12c-19c, consensus 26c

Sees FY24 revenue $630M-$645M, consensus $644.09M. Sees FY24 adjusted EBITDA $40M-$45M. Sees FY24 capital expenditures $20M-$25M. Zeif continued, “We are innovating and investing as we expand our leadership in additive manufacturing. Our newest and most advanced FDM offering, the F3300, is building a strong pipeline of interest after announcing Toyota as its first customer, and engagement across our entire suite of offerings remains robust. As macro-economic conditions normalize and capital spending constraints ease, we believe the pent-up demand for our best-in-class offerings will unlock, driving the next phase of outsized growth and increased profitability for our company.”