Stratasys Surges on Revenue Beat, Eyes Growth Amid Additive Manufacturing Innovation



Stratasys, Ltd. (NASDAQ:SSYS) shares are trading higher after the company reported fourth-quarter FY23 revenue of $156.3 million, beating the consensus of $154.2 million.

The adjusted gross margin expanded to 48.8% from 48.4% a year ago. Adjusted operating income was $2.0 million, down from $5.1 million a year ago.

Adjusted EBITDA fell to $7.7 million from $10.7 million the prior year. Adjusted EPS of $0.02 was in line with the consensus.

Cash used in operations stood at $(7.7) million, compared to $(18.1) million in …

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