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Aug 29, 2024 9:00 AM

Stratasys Q2 Earnings: Loss Widens, Cuts Workforce, Lowers Annual Projections, Stock Tumbles

Stratasys, Ltd (NASDAQ:SSYS) stock tanked after the company reported fiscal second-quarter 2024 revenue of $138.04 million, missing the analyst consensus estimate of $146.34 million.

Adjusted EPS loss of 0.04 cents beat the analyst consensus estimate of 5 cent loss.

The adjusted gross margin expanded to 49.0% from 48.5% a year ago. Adjusted operating loss was $(3.2) million, down from $5.0 million a year ago.

Adjusted net loss was $(3.0) million, down from $2.5 million a year ago. Adjusted ...