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Stratasys (SSYS)
NASDAQ:SSYS
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Stratasys
(NASDAQ:SSYS)
56Neutral
Positive Factors
Earnings
Stratasys reported a solid quarter and showed progress toward sustainable profitability.
Financial Performance
Stratasys boasts a rock-solid balance sheet, giving it greater stability in the event of a more challenging macro while affording it the flexibility to invest in both organic and inorganic opportunities.
Investment
The Fortissimo investment of $120 million closed and management raised earnings guidance given expected interest income on that cash.
Negative Factors
Capex Environment
Stratasys continues to face a weak capex environment, with organic sales down about 8% year-over-year in 2024.
Revenue Decline
Revenue declined 6% year-over-year, to $136 million.
Revenue Guidance
SSYS provided 2025 revenue guidance that at midpoint was slightly below consensus, with revenues expected to be flat to up 2%, as market conditions remain challenging.
Stratasys (SSYS) vs. S&P 500 (SPY)
Market Cap
$808.25M
Dividend YieldN/A
Average Volume (3M)533.47K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth-9.29%
EPS Growth17.86%
CountryUS
Employees1,779
SectorTechnology
Sector Strength76
IndustryComputer Hardware
Share Statistics
EPS (TTM)0.04
Shares Outstanding72,391,000
10 Day Avg. Volume612,437
30 Day Avg. Volume533,467
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)1.02
Price to Sales (P/S)0.00
P/FCF Ratio-90.44
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue0.33
Enterprise Value/Gross Profit3.04
Enterprise Value/Ebitda-5.91
Forecast
1Y Price Target
$14.50Price Target Upside29.93% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Stratasys Business Overview & Revenue Model
Company DescriptionStratasys Ltd. is a leading global provider of 3D printing and additive manufacturing solutions. The company operates primarily in sectors such as aerospace, automotive, healthcare, and consumer products, offering a wide range of 3D printers, materials, and software. Stratasys is renowned for its pioneering technologies in Fused Deposition Modeling (FDM) and PolyJet, which are utilized for prototyping, tooling, and direct digital manufacturing applications.
How the Company Makes MoneyStratasys generates revenue through the sale of its 3D printing systems and related consumables, such as proprietary printing materials. The company also offers software solutions that enhance the functionality and efficiency of its printers. In addition to product sales, Stratasys provides maintenance and support services, which constitute a significant portion of its recurring revenue. Strategic partnerships with industry leaders and collaborations in research and development further contribute to its revenue streams by expanding its market reach and driving innovation in additive manufacturing technologies.
Stratasys Financial Statement Overview
Summary
Stratasys is experiencing financial challenges, with declining revenues and persistent losses impacting profitability. Despite a stable gross profit margin, the negative net profit margin and increasing debt levels are concerning. The balance sheet is relatively strong with a high equity ratio, but cash flow management needs improvement due to negative free cash flow growth.Income Statement
Stratasys has shown a consistent decline in revenue and profitability over the past few years. The TTM (Trailing-Twelve-Months) data indicates a negative EBIT and EBITDA margin, highlighting ongoing operational challenges. While the gross profit margin is relatively stable, the net profit margin remains negative, pointing to persistent losses.45
Neutral
Balance Sheet
The company maintains a healthy equity position with an equity ratio of 76.7% in the TTM period, showing financial stability. However, the debt-to-equity ratio is increasing slightly, which could pose future risks if not managed properly. Return on equity remains negative due to ongoing losses.60
Neutral
Cash Flow
Stratasys faces challenges in cash flow management, with negative free cash flow growth and an operating cash flow to net income ratio that suggests cash generation issues. However, the company has managed to maintain a positive operating cash flow in the TTM period, which is a slight improvement.50
Neutral
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 564.45M | 572.46M | 627.60M | 651.48M | 607.22M | 520.82M | Gross Profit |
| 253.16M | 253.49M | 267.02M | 276.47M | 260.08M | 219.39M | EBIT |
| -73.61M | -85.66M | -87.58M | -57.16M | -79.16M | 266.75M | EBITDA |
| -29.77M | -40.32M | -35.61M | 2.61M | -23.07M | -20.28M | Net Income Common Stockholders |
| -107.35M | -120.28M | -123.07M | -23.25M | -62.93M | -440.18M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 150.06M | 150.70M | 162.59M | 327.84M | 502.18M | 299.09M | Total Assets |
| 1.02B | 1.03B | 1.13B | 1.26B | 1.28B | 990.00M | Total Debt |
| 31.28M | 32.09M | 18.66M | 17.84M | 14.97M | 21.85M | Net Debt |
| -38.78M | -38.11M | -63.92M | -132.63M | -228.21M | -250.24M | Total Liabilities |
| 238.30M | 236.75M | 249.07M | 300.36M | 321.21M | 230.63M | Stockholders Equity |
| 784.84M | 792.99M | 884.84M | 959.43M | 956.01M | 759.37M |
| Cash Flow | Free Cash Flow | ||||
| -8.94M | -4.89M | -76.67M | -95.16M | 9.07M | -1.21M | Operating Cash Flow |
| 5.03M | 7.83M | -61.65M | -75.41M | 35.82M | 27.80M | Investing Cash Flow |
| -20.81M | -14.82M | -3.83M | -7.21M | -291.17M | -52.63M | Financing Cash Flow |
| -3.30M | -3.31M | -1.52M | -2.77M | 227.31M | 228.00K |
Stratasys Technical Analysis
Positive
11.16
Price Trends
9.82
Positive
10.02
Positive
9.03
Positive
Market Momentum
0.41
Negative
70.78
Negative
76.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSYS, the sentiment is Positive. The current price of 11.16 is above the 20-day moving average (MA) of 10.00, above the 50-day MA of 9.82, and above the 200-day MA of 9.03, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 70.78 is Negative, neither overbought nor oversold. The STOCH value of 76.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SSYS.
Stratasys Risk Analysis
Stratasys disclosed 52 risk factors in its most recent earnings report. Stratasys reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Stratasys Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $962.90M | 511.30 | 4.15% | ― | 30.64% | ― | |
66 Neutral | $316.60M | 31.42 | 3.82% | ― | 5.15% | 40.64% | |
60 Neutral | $11.59B | 10.44 | -7.23% | 2.94% | 7.46% | -10.66% | |
57 Neutral | $712.37M | ― | -6.09% | ― | ― | ― | |
56 Neutral | $808.25M | ― | -13.00% | ― | -9.29% | 17.86% | |
47 Neutral | $342.01M | ― | -9.36% | ― | ― | ― | |
37 Underperform | $234.63M | ― | -99.85% | ― | -8.09% | 22.06% |
* Technology Sector Average
Performance Comparison
SSYS
Stratasys
11.16
1.56
16.25%
DDD
3D Systems
1.72
-1.95
-53.13%
MTLS
Materialise
5.36
0.06
1.13%
NNDM
Nano Dimension
1.56
-1.07
-40.68%
CGNT
Cognyte Software
9.90
2.22
28.91%
DSP
Viant Technology
15.39
5.38
53.75%
Stratasys Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: 14.81%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong financial management, strategic investments, and innovative product developments. However, it also pointed out challenges with revenue decline due to deferred capital spending amidst market uncertainties.Q1-2025 Updates
Positive Updates
Solid First Quarter Performance
Demonstrated resilience of recurring revenue model with high utilization rates and 7% sequential growth in consumables.
Strategic Investment and Financial Position
Closed on Fortissimo Capital’s $120 million strategic investment, increasing cash and equivalents to approximately $270 million with no debt.
Innovative Product Launches
Introduced Neo800 Plus, a stereolithography 3D printer, with a 50% speed boost, and launched Gen 3 of Fortus 450mc with enhanced capabilities.
Cost Management and Profitability
Achieved significant OpEx savings, delivering non-GAAP operating income of $3 million, compared to a loss last year.
R&D Focus and Product Development
Continued investment in R&D focusing on right technologies and use cases, maintaining a stable R&D percentage of revenue.
Negative Updates
Revenue Decline
Consolidated revenue decreased to $136 million from $144.1 million year-over-year due to deferred major capital spending by customers.
Pressure on Product and Service Revenue
Product revenue decreased to $93.8 million from $99.2 million, and service revenue decreased to $42.2 million from $44.9 million year-over-year.
Challenges in Capital Expenditure
Customers continue to defer major capital spending until market uncertainty subsides, impacting system and consumable revenues.
Company Guidance
During the Stratasys Q1 2025 earnings call, the company provided guidance indicating an expectation for full-year revenues to range between $570 million to $585 million, with sequential revenue growth anticipated throughout the year. The company also raised its earnings per share outlook, projecting a GAAP net loss between $64 million to $49 million, an improvement from prior forecasts. Non-GAAP net income is now expected to range from $24 million to $30 million, with EPS projected between $0.30 to $0.37 per diluted share. The guidance reflects confidence in the resilience of their recurring revenue model, strong demand for consumables which grew 7% sequentially, and strategic investments bolstered by a $120 million cash infusion from Fortissimo Capital. Stratasys emphasized a continued focus on profitability, maintaining financial discipline, and capitalizing on opportunities for both organic and inorganic growth, with a particular emphasis on innovative product offerings and expanded customer engagement.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.