Non-GAAP earnings guidance excludes $32 million of projected amortization of intangible assets; $20 to $22 million of share-based compensation expense; reorganization related and other expense of $1 to $2 million; and includes tax adjustments of ($3) to ($4) million on the above non-GAAP items.
Stratasys Ltd. Q1 2019 Conference Call Details
The Company plans to hold the conference call to discuss its first quarter financial results on Thursday, May 2, 2019 at 8:30 a.m. (ET).
The investor conference call will be available via live webcast on the Stratasys Web site at investors.stratasys.com; or directly at the following web address: https://edge.media-server.com/m6/p/cwyibwsv.
To participate by telephone, the domestic dial-in number is (866) 394-5776 and the international dial-in is (409) 350-3596. The access code is 2949608.
Investors are advised to dial into the call at least ten minutes prior to the call to register. The webcast will be available for 90 days on the "Investor Relations" page of the Stratasys Website or by accessing the provided web address.
Stratasys is a global leader in additive manufacturing or 3D printing technology, and is the manufacturer of FDM® and PolyJet™ 3D Printers. The Company’s technologies are used to create prototypes, manufacturing tools, and production parts for industries, including aerospace, automotive, healthcare, consumer products and education. For 30 years, Stratasys products have helped manufacturers reduce product-development time, cost, and time-to-market, as well as reduce or eliminate tooling costs and improve product quality. The Stratasys 3D printing ecosystem of solutions and expertise includes: 3D printers, materials, software, expert services, and on-demand parts production. Online at: www.stratasys.com, http://blog.stratasys.com and LinkedIn.
Stratasys is a registered trademark and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All other trademarks are the property of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
The statements in this press release regarding Stratasys' strategy, and
the statements regarding its projected future financial performance,
including the financial guidance concerning its expected results for
2019, are forward-looking statements reflecting management's current
expectations and beliefs. These forward-looking statements are based on
current information that is, by its nature, subject to rapid and even
abrupt change. Due to risks and uncertainties associated with Stratasys'
business, actual results could differ materially from those projected or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to: the degree of market
acceptance of our 3D printers, high-performance systems and consumables,
and the software and technology included in those systems; potential
declines in the demand for, or the prices of, our products and services,
or volume of our sales, due to decreased demand either for them
specifically or in the 3D printing market generally; potential shifts in
our product mix to lower-margin products or in our revenues mix towards
our AM services business; the impact of competition and new
technologies; potential further charges against earnings that we could
be required to take due to impairment of additional goodwill or other
intangible assets; potential failure to successfully consummate
acquisitions or investments in new businesses, technologies, products or
services; risks related to our relationships with our suppliers,
resellers and independent sales agents, and our operations at our
manufacturing sites; risks related to the international scope of our
operations and regulatory compliance (including reporting,
environmental, anti-corruption and other regulatory compliance) related
to that scope of operations; risks related to the security of our
information systems (including risks related to potential
cyber-attacks); changes in the overall global economic environment or in
political and economic conditions in the countries in which we operate;
changes in our strategy; costs and potential liability relating to
litigation and regulatory proceedings; and those additional factors
referred to in Item 3.D “Key Information - Risk Factors”, Item 4,
“Information on the Company”, Item 5, “Operating and Financial Review
and Prospects,” and all other parts of our Annual Report on Form 20-F
for the year ended December 31, 2018 (the “2018 Annual Report”),
filed with the Securities and Exchange Commission (the “SEC”) on
March 7th, 2019. Readers are urged to carefully review and
consider the various disclosures made throughout our 2018 Annual Report
and the Report of Foreign Private Issuer on Form 6-K that attaches
Stratasys’ unaudited, condensed consolidated financial statements as of,
and for the quarter ended, March 31, 2019, and its review of its results
of operations and financial condition for that period, which has been
furnished to the SEC on or about the date hereof, and our other reports
filed with or furnished to the SEC, which are designed to advise
interested parties of the risks and factors that may affect our
business, financial condition, results of operations and prospects. Any
guidance provided, and other forward-looking statements made, in this
press release are made as of the date hereof, and Stratasys undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law.