Stratasys Clocks 17% Revenue Growth In Q4 Backed By Growth Across All Technologies, Regions

Stratasys Ltd SSYS reported fourth-quarter FY21 revenue growth of 17.3% year-on-year to $167 million, beating the consensus of $165 million.
Product sales rose 19% Y/Y to $118.04 million. Services revenue increased 13.2% Y/Y to $48.98 million.
The non-GAAP gross margin contracted 80 bps to 48.7%.
Non-GAAP EPS of $0.01 beat the consensus loss of $(0.01).
The company generated $4.4 million in operating cash flow and held $502.2 million in cash and equivalents.
Dr. Yoav Zeif, the CEO, stated, "Our strong execution and results for the fourth quarter were driven by growth across all technologies and regions. Revenue was up over 17%, led by systems growth of 26% as we delivered our highest systems sales in three years, helping to generate our sixth consecutive quarter of positive operating cash flow."
Outlook: Stratasys sees FY22 revenue of $680 million - $695 million, above the consensus of $672.2 million.
Stratasys sees non-GAAP EPS of $0.14 - $0.19, above the consensus of $0.12.
Price Action: SSYS shares traded higher by 2.07% at $25.18 in the premarket on the last check Wednesday.