Notable Earnings: Stratasys Ltd. (SSYS), Plug Power (PLUG), Mobileye N.V. (MBLY)

Stratasys Ltd. (SSYS) shares are up 2.75% to $36.30 in pre-market trading Monday after the company reported its first quarter earnings results.

The maker of 3D printers reported earnings of $0.04 per share on revenues of $172.70 million, up 14.4% from a year ago. Analysts were expecting EPS of $0.03 on revenues of $172.65 million. Q1 gross profit was $46 million, down from $77.7 million a year earlier. The company’s net income for the period came in at ($216.3) million, or ($4.24) per diluted share, from a profit of $4.1 million, or $0.08 per diluted share, a year earlier.

Stratasys said it sold 7,536 3D printing and additive manufacturing systems during the quarter, and on a pro forma combined basis, has sold a total of 129,197 systems worldwide as of March 31, 2015.

“We continue to see significant long-term opportunity in the 3D printing and additive manufacturing market,” said in a statement David Reis, chief executive officer of Stratasys. “We believe we are offering a transformative alternative to conventional manufacturing, design and engineering processes, and maintain an attractive pipeline of future opportunities. Although we have modified our near-term operating and capital investment plans to align with softness in market conditions, we will remain focused on the future, and continue to execute on a multi-year investment plan designed to drive accelerated adoption of 3D printing solutions and increased sales growth.”

For FY/15, SSYS provided EPS guidance of $1.20 – $1.70 versus consensus of $1.40 per share. The company also issued revenue projection of $800 – $860 million, compared to the consensus revenue estimate of $826.17 million.

Liquidity: Stratasys generated $3.9 million in cash from operations during the first quarter, and currently holds approximately $425 million in cash and cash equivalents vs. $50.00 million in debt.

SSYS prints a one year loss of about 63% and a year-to-date loss of around 58%.

The chart below shows where the equity has traded over the last 52 weeks.

Plug Power Inc. (PLUG) reported first quarter non-GAAP EPS of ($0.07) before the opening bell Monday, compared to the consensus estimate of ($0.06). Revenues increased 68% from $5.57 million last year to $9.4 million. Analysts expected revenues of $17 million. The company’s adjusted net loss widened to $12.84 million, or ($0.07) per share, from $7.5 million, or ($0.06) per share, a year earlier, as total administration costs doubled from $5.1 million to $10.7 million during Q1 ended March 31.

For full year 2015,  PLUG provided revenue guidance of $100 million, compared to the consensus revenue estimate of $103 million. The fuel cell maker said these sales will ramp up through the year with 35% – 40% of the annual revenue expected in the first half of 2015.

“The backlog for our products and services continued to grow in the first quarter,” commented Andy Marsh, CEO of Plug Power. “This has provided us with a high level of confidence in meeting this year’s financial projections.

Cash and Liquidity: As of March 31, 2015, Plug Power’s cash and cash equivalents totaled $131.5 million. Net working capital was $155.7 million.

The stock is currently down $0.05 to $2.38 on 30K shares.

Shares of Mobileye N.V. (MBLY) gained nearly 2% to $46.60 after the car technology company released its earnings results on Monday. The Jerusalem-based firm reported non-GAAP Q1’15 EPS of $0.08 per share vs. $0.07 consensus on $45.6 million in revenue, up 28% from a year ago. First-quarter net income was $10.1 million, or $0.04 per diluted share versus a net loss of ($19.6) million or ($0.61) per share for the first quarter of 2014.

“The first quarter marked a strong start to the year, highlighted by two significant new program wins that will include our EyeQ4 chip, demonstrating the ongoing demand for our state-of-the-art technology, which bundles multiple applications into a single package,” stated Ziv Aviram, co-founder, president and CEO of Mobileye.

On valuation measures, Mobileye N.V. shares, which currently have an average 3-month trading volume of 2.50 million shares, trade at a forward P/E of 65.44 and a P/E to growth ratio of 1.80. The median Wall Street price target on the name is $55.00 with a high target of $68.00. Currently ticker boasts 8 ‘Buy’ endorsements, compared to 2 ‘Holds’ and no ‘Sell’.

Profitability-wise, MBLY has a t-12 profit and operating margin of (20.94%) and (10.22%), respectively. The $9.92 billion market cap company reported $284.33 million in cash vs. $80 million in total liabilities in its most recent quarter.

Mobileye shares have gained 13% since the beginning of the year. The stock has surged 24% in the last 52 weeks.

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