Stratasys reports Q1 EPS 4c, consensus 1c

Reports Q1 revenue $136.05M, consensus $134.11M. Yoav Zeif, Stratasys (SSYS)’ CEO, stated, “We delivered another quarter of net profitability on an adjusted basis and positive cash from operating activities. It’s particularly encouraging to see 7% sequential growth in our recurring revenue Consumables, demonstrating continued solid utilization of existing systems by our customers. Our ongoing strategic efforts to streamline the business are proving successful, and we are positioned to deliver improved profitability, while maintaining our ability to scale when capital spending recovers.”