Stratasys Ltd. said its first-quarter normalized net income came to a loss of 24 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 5 cents per share.
The per-share loss narrowed 56.3% year over year from 55 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $12.5 million, compared with a loss of $27.9 million in the prior-year period.
The normalized profit margin climbed to negative 7.4% from negative 16.2% in the year-earlier period.
Total revenue decreased on an annual basis to $167.9 million from $172.7 million, and total operating expenses fell 11.5% from the prior-year period to $188.1 million from $212.5 million.
Reported net income totaled a loss of $22.9 million, or a loss of 44 cents per share, compared to a loss of $216.1 million, or a loss of $4.24 per share, in the prior-year period.