Stratasys Sees FY14 Adj. Earnings Below Estimates - Quick Facts

(RTTNews) - Stratasys Ltd. (SSYS) Tuesday said it expects non-GAAP net income of $113 to $119 million, or $2.15 to $2.25 per share for fiscal year ending December 31, 2014.

On average, 21 analysts polled by Thomson Reuters expect the company to earn $2.33 per share for the year. Analysts' estimates typically exclude special items.

On a GAAP basis, net income is expected to be $10.5 to $19.9 million, or $0.20 to $0.38 per share.

The company anticipates 2014 revenues to be between $660 million to $680 million. Twenty analysts expect revenues of $656.83 million for 2014.

Stratasys expects organic sales, which exclude MakerBot sales, to grow at least 25% over 2013, with additional growth coming from MakerBot, which is expected to grow at a higher rate.

David Reis, chief executive officer of the company said, "Revenue synergies continue to develop from the merger between Stratasys and Objet, which is reflected in our outlook for organic sales growth of at least 25%. In addition, the performance of MakerBot, which we acquired in August of 2013, is exceeding our expectations, and is on track to be accretive by the end of the year."

Further, the firm noted that operating expenses are expected to expand significantly in 2014, driven by investments in sales and marketing programs to drive future market adoption, as well as by higher R&D investments to fund technology innovation and new product development.