3D Systems Reports Second Quarter and Six Months 2016 Financial Results
|
3D Systems Corporation |
|
Schedule 1 |
|
Earnings (Loss) Per Share |
|
Quarter and Six Months Ended June 30, 2016 and 2015 |
| |
| |
Quarter Ended June 30,
| |
Six Months Ended June 30,
|
|
(in thousands, except per share amounts) |
2016 | |
2015 | |
2016 | |
2015 |
| Numerator for basic and diluted net loss per share: | | | | | | | | | | | |
| Net loss attributable to 3D Systems Corporation | $ | | (4,648 | ) | | $ | | (13,696 | ) | | $ | | (22,436 | ) | | $ | | (26,877 | ) |
| | | | | | | | | | | | |
| Denominator for basic and diluted net loss per share: | | | | | | | | | | | |
| Weighted average shares | | | 111,166 | | | | | 112,017 | | | | | 111,288 | | | | | 111,875 | |
| | | | | | | | | | | | |
| Net loss per share, basic and diluted | $ | | (0.04 | ) | | $ | | (0.12 | ) | | $ | | (0.20 | ) | | $ | | (0.24 | ) |
| | | | | | | | | | | | |
|
3D Systems Corporation |
|
Schedule 2 |
|
Unaudited Reconciliations of GAAP to Non-GAAP Measures |
|
Quarter and Six Months Ended June 30, 2016 and 2015 |
| |
| | |
Quarter Ended June 30,
| | |
Six Months Ended June 30,
|
|
(in thousands, except per share amounts) | |
2016 | |
2015 | | |
2016 | |
2015 |
| GAAP net loss attributable to 3D Systems | | $ | | (4,648 | ) | | | $ | | (13,696 | ) | | | $ | | (22,436 | ) | | | | | (26,877 | ) |
| Cost of sales adjustments: | | | | | | | | | | | | | | | |
| Amortization of intangibles | | | | 81 | | | | | | 76 | | | | | | 165 | | | | | | 151 | |
| Operating expense adjustments: | | | | | | | | | | | | | | | |
| Amortization of intangibles | | | | 8,779 | | | | | | 17,405 | | | | | | 17,514 | | | | | | 31,846 | |
| Acquisition and severance expenses | | | | 1,771 | | | | | | 1,936 | | | | | | 2,710 | | | | | | 5,176 | |
| Non-cash stock-based compensation expense | | | | 7,226 | | | | | | 9,721 | | | | | | 18,893 | | | | | | 20,050 | |
| Tax effect (a) | | | | — | | | | | | (12,293 | ) | | | | | 1,519 | | | | | | (21,998 | ) |
| Non-GAAP net income | | $ | | 13,209 | | | | $ | | 3,149 | | | | $ | | 18,365 | | | | $ | | 8,348 | |
| | | | | | | | | | | | | | | | |
| Non-GAAP basic and diluted earnings per share | | $ | | 0.12 | | | | $ | | 0.03 | | | | $ | | 0.17 | | | | $ | | 0.07 | |
| | | | | | | | | | | | | | | | |
Investor Contact:
Stacey Witten
Email: Investor.relations@3dsystems.com
Media Contact:
Timothy Miller
Email: Press@3dsystems.com
