3D Systems Corporation
Loss Per Share
Quarter Ended March 31, 2021 and 2020
| Quarter Ended March 31, | ||||||||
| (in thousands, except per share amounts) | 2021 | 2020 | ||||||
| Numerator: | ||||||||
| Net income (loss) | $ | 45,228 | $ | (18,924 | ) | |||
| Denominator: | ||||||||
| Weighted average shares - basic | 121,705 | 114,590 | ||||||
| Dilutive securities | 3,365 | — | ||||||
| Weighted average shares - diluted | 125,070 | 114,590 | ||||||
| Net income (loss) per share - basic | $ | 0.37 | $ | (0.17 | ) | |||
| Net income (loss) per share - diluted | $ | 0.36 | $ | (0.17 | ) | |||
Appendix
3D Systems Corporation
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Quarter Ended March 31, 2021 and 2020
| Quarter Ended March 31, | |||||||||
| (in millions) | 2021 | 2020 | |||||||
| GAAP Revenue - as reported | $ | 146.1 | $ | 135.6 | |||||
| Non-GAAP Revenue | 146.1 | 135.6 | |||||||
| GAAP Cost of sales - as reported | 81.9 | 78.5 | |||||||
| Amortization, stock-based compensation & other | 0.1 | 0.1 | |||||||
| Legal, acquisition and divestiture related | — | 0.1 | |||||||
| Cost optimization plan, including severance costs | — | 0.7 | |||||||
| Non-GAAP Cost of sales | 81.9 | 77.7 | |||||||
| GAAP Gross Profit - as reported | 64.2 | 57.1 | |||||||
| Amortization, stock-based compensation & other | 0.1 | 0.1 | |||||||
| Legal, acquisition and divestiture related | — | 0.1 | |||||||
| Cost optimization plan, including severance costs | — | 0.7 | |||||||
| Non-GAAP Gross Profit | 64.3 | 58.0 | |||||||
| GAAP Gross Profit Margin | 44.0 | % | 42.1 | % | |||||
| Non-GAAP Gross Profit Margin | 44.0 | % | 42.7 | % | |||||
| GAAP Selling, general and administrative - as reported | 49.6 | 56.1 | |||||||
| Amortization, stock-based compensation & other | 13.3 | 10.6 | |||||||
| Legal, acquisition and divestiture related | 0.5 | 0.2 | |||||||
| Cost optimization plan, including severance costs | 1.0 | 1.5 | |||||||
| Non-GAAP Selling, general and administrative | 34.6 | 43.9 | |||||||
| GAAP Research and development - as reported | 16.6 | 19.2 | |||||||
| Cost optimization plan, including severance costs | — | 0.1 | |||||||
| Non-GAAP Research and development | 16.6 | 19.1 | |||||||
| GAAP Operating Expenses - as reported | 66.2 | 75.3 | |||||||
| Amortization, stock-based compensation & other | 13.3 | 10.6 | |||||||
| Legal, acquisition and divestiture related | 0.5 | 0.2 | |||||||
| Cost optimization plan, including severance costs | 1.0 | 1.6 | |||||||
| Non-GAAP Operating expenses | 51.2 | 63.0 | |||||||
| GAAP Operating Income (loss) - as reported | (2.0 | ) | (18.2 | ) | |||||
| Amortization, stock-based compensation & other | 13.4 | 10.7 | |||||||
| Legal, acquisition and divestiture related | 0.5 | 0.2 | |||||||
| Cost optimization plan, including severance costs | 1.0 | 2.3 | |||||||
| Non-GAAP Operating Income (loss) | 13.1 | (5.0 | ) | ||||||
| Depreciation | 6.7 | 7.3 | |||||||
| Adjusted EBITDA | 19.8 | 2.2 | |||||||
| GAAP Other Income and expense, net - as reported | 38.9 | (2.6 | ) | ||||||
| Legal, acquisition and divestiture related | (39.4 | ) | 0.1 | ||||||
| Impairment of cost-method investments | — | 1.1 | |||||||
| Non-GAAP Other Income and expense, net | (0.5 | ) | (1.3 | ) | |||||
| GAAP Net Income (loss) - as reported | 45.2 | (18.9 | ) | ||||||
| Amortization, stock-based compensation & other | 13.4 | 10.7 | |||||||
| Legal, acquisition and divestiture related | (38.9 | ) | 0.4 | ||||||
| Cost optimization plan, including severance costs | 1.0 | 2.3 | |||||||
| Impairment of cost-method investments | — | 1.1 | |||||||
| Non-GAAP Net Income (loss) | $ | 20.9 | $ | (4.5 | ) | ||||
3D Systems Corporation
