2024 Financial Outlook:

Based on current market conditions and assuming that the impacts of global inflationary pressures, relatively high interest rates and supply chain costs do not impede economic activity further, the Company is updating its outlook for the full year 2024 as follows:

• Revenue of $570 million to $580 million.
  • Third quarter revenue slightly higher than second quarter revenue.
• Non-GAAP gross margin of 48.7% to 49.0%.
• Operating expenses of $276 million to $278 million.
• Non-GAAP operating margin of 0.5% to 1.0%.
• GAAP net loss of $106 million to $91 million, or ($1.50) to ($1.29) per diluted share.
  • Includes one-time extraordinary costs associated with Stratasys' strategic alternatives process.
• Non-GAAP net income of $1 million to $4 million, or $0.01 to $0.05 per diluted share.
• Adjusted EBITDA of $24 million to $27 million.
• Capital expenditures of $20 million to $25 million.

Non-GAAP earnings guidance excludes $30 million to $32 million of share-based compensation expense, $25 million to $27 million of projected amortization of intangible assets, and reorganization and other expenses of $39 million to $45 million. Non-GAAP guidance includes tax adjustments of $2 million to $3 million on the above non-GAAP items.