3D Systems Reports Second Quarter 2019 Financial Results

(1) For comparative purposes, prior year finance lease assets have been reclassified from "Property and equipment, net" to "Right of use assets". Prior year finance lease liabilities have been reclassified as right of use liabilities.


3D Systems Corporation
Unaudited Condensed Consolidated Statements of Operations
Quarter and Six Months Ended June 30, 2019 and 2018

  Quarter Ended June 30,  Six Months Ended June 30,
(in thousands, except per share amounts) 2019  2018  2019  2018
Revenue:       
Products$93,758  $110,785  $186,105  $216,231 
Services63,514  65,783  123,147  126,206 
Total revenue157,272  176,568  309,252  342,437 
Cost of sales:       
Products53,005  57,500  108,765  113,618 
Services30,968  32,906  61,483  64,788 
Total cost of sales83,973  90,406  170,248  178,406 
Gross profit73,299  86,162  139,004  164,031  
Operating expenses:              
Selling, general and administrative 71,654     71,172     136,982     140,625  
Research and development 20,811     22,712     42,714     48,594  
Total operating expenses 92,465     93,884     179,475     189,219  
Loss from operations (19,166 )   (7,722 )   (40,471 )   (25,188 )
Interest and other (expense) income, net (2,755 )   1,661     (3,957 )   108  
Loss before income taxes (21,921 )   (6,061 )   (44,428 )   (25,080 )
Provision for income taxes (1,938 )   (2,539 )   (3,782 )   (4,493 )
Net loss (23,859 )   (8,600 )   (48,210 )   (29,573 )
Less: net income attributable to noncontrolling interests 70     262     114     246  
Net loss attributable to 3D Systems Corporation $ (23,929 )   $ (8,862 )   $ (48,324 )   $ (29,819 )
               
Net loss per share available to 3D Systems Corporation common stockholders - basic and diluted $ (0.21 )   $ (0.08 )   $ (0.43 )   $ (0.27 )
                               

3D Systems Corporation

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise