3D printer manufacturer Stratasys has reported its financial results for the second quarter of 2023. Despite some macroeconomic challenges, the company posted revenue of $159.8 million, a slight increase of 1.6% year-over-year when MakerBot is excluded.
Dr. Yoav Zeif, CEO of Stratasys, emphasized the strength of the company’s model and its ability to deliver solid operational and financial results, even in a challenging macroeconomic environment. He pointed out that the company delivered its eighth consecutive year of positive adjusted earnings per share.
Despite M&A scenarios surfacing in the industry, Stratasys’ customers remain engaged and confident. The recent acquisition of Covestro’s additive manufacturing business has already shown positive results, and the anticipated merger with Desktop Metal promises to further expand the range of offerings.
For the full year 2023, Stratasys confirms its revenue guidance and expects revenue between $630 million and $670 million. Non-GAAP gross margins are expected to be between 48.0% and 49.0%, with the majority of the annual improvement expected in the second half of the year.
Dr. Zeif concluded by emphasizing Stratasys’ long-term vision, which is based on organic growth and strategic partnerships. The company remains optimistic about its position in the 3D printing market and sees a promising future ahead.
Details on the figures can be found directly at Stratasys.
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