Stratasys Ltd. announced its financial results for the fourth quarter and full year ended December 31, 2024, on March 5, 2025. For Q4 2024, consolidated revenue was $150.4 million, compared to $156.3 million in Q4 2023. Full year 2024 revenue was $572.5 million, down from $627.6 million in 2023.
The company reported a non-GAAP gross margin of 49.6% for Q4 2024, an increase from 48.8% in Q4 2023, and a full year 2024 non-GAAP gross margin of 49.2%, up 100 basis points from 2023. Non-GAAP operating income for Q4 2024 was $9.4 million, resulting in non-GAAP diluted EPS of $0.12.
Stratasys generated positive operating cash flow for the full year 2024 and ended the year with $150.7 million in cash and equivalents with no debt. For 2025, the company provided revenue guidance of $570 million to $585 million, non-GAAP operating margins of 1.5% to 2%, and adjusted EBITDA of $30 million to $32 million, with expectations for positive operating cash flow.
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