Revenue during the quarter went up marginally by 1.12 percent to $175.30 million from $173.36 million in the previous year period. Gross margin for the quarter expanded 1669 basis points over the previous year period to 47.30 percent.

Operating loss for the quarter was $29.16 million, compared with an operating loss of $187.81 million in the previous year period.

However, the adjusted operating profit for the quarter stood at $11.57 million compared to operating loss of $8.88 million in prior year period.

"We are pleased with our fourth quarter results, and the progress we are making to improve and deepen customer engagement. Our increased revenue, combined with the ongoing activities to better align our cost structure, contributed to a significant improvement in operating profit and cash generation during the quarter." said Ilan Levin, chief executive officer of Stratasys. "Additionally, we are encouraged by the growth in our recurring revenue during the period, demonstrating strong utilization of our installed base of systems."

For financial year 2017, Stratasys Ltd. forecasts revenue to be in the range of $645 million to $680 million. It projects net loss to be in the range of $53 million to $39 million. It expects adjusted net income to be in the range of $10 million to $20 million. It forecasts adjusted operating income to grow in the range of 3 percent to 5 percent. It expects diluted loss per share to be in the range of $1 to $0.73. It expects diluted earnings per share to be in the range of $0.19 to $0.37 on adjusted basis for the same period.