This release is available on the Stratasys web site at www.stratasys.com
Stratasys Ltd. (Nasdaq: SSYS), headquartered in Minneapolis, Minnesota and Rehovot, Israel, is a leading global provider of 3D printing and additive and additive manufacturing solutions. The company's patented FDM®, PolyJet™ and WDM™ 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot, Solidscape, Stratasys Direct Manufacturing (following the integration of Redeye, Solid Concepts and Harvest Technologies). Stratasys has more than 2,800 employees, holds over 600 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com
| Stratasys Ltd. | |||
| Reconciliation of GAAP to Non-GAAP Net Income (Loss) | |||
| Preliminary Fiscal Year 2014 | |||
| (in millions, except per share data) | |||
| GAAP net loss | ($129) to ($116) | ||
|
Adjustments |
|||
| Stock-based compensation expense | $30 | ||
| Intangible assets amortization expense | $81 | ||
| Impairment charges | $115 to $125 | ||
| Merger related expense | $28 | ||
| Tax expense related to Non-GAAP adjustments | ($33) | ||
| Non-GAAP net income | $102 to $105 | ||
| GAAP loss per share | ($2.58) to ($2.32) | ||
| Non-GAAP diluted earnings per share | $1.97 to $2.03 | ||
| Stratasys Ltd. | |||
| Reconciliation of GAAP to Non-GAAP Forward Looking Guidance | |||
| Fiscal Year 2015 | |||
| (in millions, except per share data) | |||
| GAAP net loss | ($23) to ($10) | ||
|
Adjustments |
|||
| Stock-based compensation expense | $32 to $35 | ||
| Intangible assets amortization expense | $85 | ||
| Merger related expense | $41 to $43 | ||
| Tax expense related to Non-GAAP adjustments | ($30) to ($31) | ||
| Non-GAAP net income | $109 to $118 | ||
| GAAP loss per share | ($0.45) to ($0.20) | ||
| Non-GAAP diluted earnings per share | $2.07 to $2.24 | ||
