Stratasys reports Q2 EPS 3c, consensus 3c

Reports Q2 revenue $138.09M, consensus $137.15M. “Our results once again reflect resilience from our recurring revenue streams and the reliance customers place on our additive manufacturing technologies,” commented Yoav Zeif, Stratasys (SSYS)’ CEO. “Amidst prolonged macroeconomic uncertainty and restrained customer capital spending, our revenues this quarter grew slightly over the second quarter last year, as our business model continues to demonstrate significant staying power. Importantly, we are making meaningful progress in delivering on key use cases with major customers that will begin flowing through to our financial results in the future. While we cannot control the timing, we are encouraged by the substantial new business opportunities that we believe are advancing through final stages toward eventual award.”