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Stratasys Ltd. (NASDAQ:SSYS) reported worse-than-expected second-quarter sales and cut its FY24 guidance on Thursday. Stratasys reported fiscal second-quarter 2024 revenue of $138.04million, missing the analyst consensus estimate of $146.34 million. Adjusted EPS loss of 4 cents beat the analyst consensus estimate of 5 cent loss. The company shared plans to downsize its workforce by 15% by 2024 end to save $40 million in annual cost beginning in the first quarter of 2025, along with annualized EBITDA margins of 8%. Stratasys cut FY24 revenue outlook to $570 million—$580 million (prior $630 million—$645 million) against a consensus of $631.63 million. The company lowered the ...


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