Unaudited Condensed Consolidated Statements of Operations
Three and Six Months Ended June 30, 2022 and 2021
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| (in thousands, except per share amounts) | 2022 | 2021 | 2022 | 2021 | |||||||||||
| Revenue: | |||||||||||||||
| Products | $ | 103,774 | $ | 108,638 | $ | 204,325 | $ | 202,286 | |||||||
| Services | 36,271 | 53,919 | 68,721 | 106,387 | |||||||||||
| Total revenue | 140,045 | 162,557 | 273,046 | 308,673 | |||||||||||
| Cost of sales: | |||||||||||||||
| Products | 65,331 | 62,635 | 123,803 | 115,999 | |||||||||||
| Services | 21,576 | 30,917 | 42,310 | 59,429 | |||||||||||
| Total cost of sales | 86,907 | 93,552 | 166,113 | 175,428 | |||||||||||
| Gross profit | 53,138 | 69,005 | 106,933 | 133,245 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 64,404 | 61,463 | 119,819 | 111,063 | |||||||||||
| Research and development | 20,772 | 17,602 | 42,384 | 34,201 | |||||||||||
| Total operating expenses | 85,176 | 79,065 | 162,203 | 145,264 | |||||||||||
| Loss from operations | (32,038 | ) | (10,060 | ) | (55,270 | ) | (12,019 | ) | |||||||
| Interest and other income (expense), net | 329 | (316 | ) | (1,954 | ) | 38,537 | |||||||||
| (Loss) income before income taxes | (31,709 | ) | (10,376 | ) | (57,224 | ) | 26,518 | ||||||||
| (Provision) benefit for income taxes | (1,289 | ) | 744 | (2,573 | ) | 9,078 | |||||||||
| Net (loss) income before redeemable non-controlling interest | $ | (32,998 | ) | $ | (9,632 | ) | $ | (59,797 | ) | $ | 35,596 | ||||
| Less: net (loss) attributable to redeemable noncontrolling interests | (37 | ) | — | (37 | ) | — | |||||||||
| Net (loss) income attributable to 3D Systems Corporation | $ | (32,961 | ) | $ | (9,632 | ) | $ | (59,760 | ) | $ | 35,596 | ||||
| Diluted (loss) income per share | $ | (0.26 | ) | $ | (0.08 | ) | $ | (0.47 | ) | $ | 0.28 | ||||
| Diluted shares outstanding | 127,703 | 122,147 | 127,218 | 125,069 | |||||||||||
