Stratasys Ltd. provided the guidance for the fiscal year ending December 31, 2014. The company expects revenue guidance of $660 to $680 million; Non-GAAP net income of $113 to $119 million, or $2.15 to $2.25 per diluted share; GAAP net income of $10.5 to $19.9 million, or a $0.20 to $0.38 per diluted share. The company expects organic sales, which exclude MakerBot sales, to grow at least 25% over 2013, with additional growth coming from MakerBot, which is expected to grow at a higher rate.

Projected Non-GAAP net income is expected to be derived disproportionately from the second half of fiscal 2014, driven by the projected timing of operating expenses, as well as the projected timing and success of new product introductions and their corresponding ramp in sales. Capital expenditures are projected at $50 to $70 million, which includes significant investments in manufacturing capacity in anticipation of future growth. Non-GAAP earnings guidance excludes $64.8 million of projected amortization of intangible assets; $25.1 million to $28.2 million of share-based compensation expense; and $8.8 million to $9.8 million in non-recurring expenses related to M&A transactions.