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Stratasys Reports Strong Preliminary Q4 Numbers, Secures Major Investment From Fortissimo Capital
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Stratasys Reports Strong Preliminary Q4 Numbers, Secures Major Investment From Fortissimo Capital
Feb 3, 2025 4:44 AM

Stratasys, Ltd. ( SSYS ) shares are trading higher premarket on Monday. On Sunday, the company disclosed preliminary fourth-quarter 2024 results and an equity investment from Fortissimo Capital.

Stratasys ( SSYS ) disclosed a $120 million investment from Fortissimo Capital, which will acquire 11.65 million newly issued shares at $10.30 per share, a 10.6% premium over Stratasys' ( SSYS ) January 31, 2025, closing price.

With this, Fortissimo Capital increased its stake from 1.5% to 15.5%. The agreement includes an 18-month lock-up and customary standstill provisions with specific exceptions.

The company expects the transaction to close in the second quarter of 2025, subject to review by the Committee on Foreign Investment in the United States (CFIUS).

In connection with this investment, Yuval Cohen, Founding and Managing Partner of Fortissimo, will be appointed to the Stratasys Board at the closing of the transaction, replacing a Stratasys ( SSYS ) director to be named at that time. 

Q4 Preliminary Results: The company expects revenue of $150.1 million – $150.5 million (vs. consensus of $149.35 million), with hardware increasing and consumables declining sequentially.

Stratasys ( SSYS ) sees an adjusted gross margin of 49.4% – 49.7% and adjusted operating income of $9.0 million – $9.5 million.

The company also projects positive cash flow from operations and adjusted net income of $8.1 million – $8.6 million for the quarter.

In addition, the company maintained its expectation of achieving 8% EBITDA margins for the full year 2025 at current revenue levels, with the potential for higher EBITDA margins at higher revenues.

With moderate revenue growth, Stratasys ( SSYS ) expects to achieve at least 10% EBITDA margins for 2025.

The company expects to release fourth-quarter results on Wednesday, March 5, 2025.

Investors can gain exposure to the stock via Pacer BlueStar Engineering the Future ETF ( BULD ) and ProShares S&P Kensho Smart Factories ETF ( MAKX ) .

Price Action: SSYS shares are up 10.5% at $10.29 premarket at the last check Monday.

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