Here is a repost of the Stratasys press release from last month. I've highlighted key words because the analyst at Southcoast Capital apparently needs to have his vision checked. Should we write a letter to this analyst thanking him for the 20% off sale? We'll know by August 4th.
Minneapolis, MN June 30, 1997 - Stratasys, Inc. (NASDAQ NMS:SSYS) today announced that it anticipates that second quarter revenue will be lower than analysts' estimates. However, the Company expects record second quarter revenue, as well as a significant increase from first quarter 1997. The reduction of anticipated second quarter revenues is attributable to manufacturing constraints for the new FDM-8000, a stronger dollar vs European currencies, and delays in closing some domestic sales that had been expected in the second quarter, which the Company believes will be booked in the third and fourth quarters of 1997.
Scott Crump, Chairman and CEO, stated, " Growing demand exists for our core FDM product line. In addition, there is substantial demand for our new FDM-8000 Large Prototype System, which has resulted in a significant order backlog ; we are currently expanding our manufacturing capacity to accommodate significant customer demand . The FDM-8000 offers large ABS prototypes in the design engineer's office at a substantially lower price (around $200,000) than its competition (around $450,000). These factors make us confident that 1997 will be our most successful year to date ."
Duhh! -g- |
