3D Systems Reports First Quarter 2020 Financial Results


(a)The amounts for cash and cash equivalents shown above include restricted cash of $946 and $921 as of March 31, 2020 and 2019, respectively, and $952 and $921 as of December 31, 2019, and 2018, respectively, which were included in Other assets, net, in the condensed consolidated balance sheets.
  

3D Systems Corporation
Loss Per Share
Quarter Ended March 31, 2020 and 2019

  Quarter Ended March 31,
(in thousands, except per share amounts) 2020  2019
Numerator for basic and diluted net loss per share:   
Net loss attributable to 3D Systems Corporation$(18,924) $(24,394)
    
Denominator for basic and diluted net loss per share:   
Weighted average shares114,590  113,267 
    
Net loss per share - basic and diluted$(0.17) $(0.22)
        

3D Systems Corporation
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Quarter Ended March 31, 2020 and 2019

  Quarter Ended March 31,
(in millions, except per share amounts) 2020  2019
GAAP Net loss attributable to 3D Systems Corporation$(18.9) $(24.4)
Adjustments:   
Amortization, stock-based compensation & other (1)10.7  12.2 
Legal, acquisition and divestiture related (2)0.4  0.4 
Cost optimization plan, including severance costs (3)2.3  1.7 
Impairment of cost-method investments (4)1.1   
Non-GAAP net income attributable to 3D Systems Corporation $ (4.5 )   $ (10.1 )
Non-GAAP net income per share available to 3D Systems common stock holders - basic and diluted (5) $ (0.04 )   $ (0.09 )

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