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Stratasys reports lower sales in Q1/16

by • May 8, 2016 • No Comments

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Stratasys (SSYS) reported currently sales of $168M in the initially quarter of 2016, down 2% of the initially quarter of 2015.

Revenues of products were down 6% in the initially quarter over the same period last year. The developer sold 5,125 3D Printers against 7,536 machines sold in Q1/15. The worthwhile reduction in the number of machines sold is due to lower number of computer desktop Makerbot 3D Printers sold. Stratasys sales of larger machine have performed advantageous. The company is reiterating its revenue guidance for 2016 to the range of $700-730M.

Good generation of cash

In the initially quarter, the company produced $32M of cash, a worthwhile increase of the $4M recorded in the same period last year. The management is unquestionably working complex to protect the cash during times of uncertainty for the group. This is a positive sign which we pointed out a few months ago in a previous article.

The numbers published currently demonstrate Stratasys capabilities to hold well with a great level of sales and a decent margin at 48%. Traditionally the initially quarter is weaker. The company is reiterating its guidance on all its financial indicators. The management can have to demonstrate its ability to grow again the sales in a market where competition is getting stronger. The forecasted gross margin of 54-55% can look too optimistic.

Key financial indicators

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