3D Systems Reports Fourth Quarter and Full Year 2022 Financial Results

Unaudited Consolidated Statements of Operations
Year Ended December 31, 2022 , 2021 and 2020

  Year Ended December 31,
(in thousands, except per share amounts)  2022    2021    2020 
Revenue:     
Products$395,396  $428,742  $332,799 
Services 142,635   186,897   224,441 
Total revenue 538,031   615,639   557,240 
Cost of sales:     
Products 237,386   245,169   220,415 
Services 86,412       106,692       113,450  
Total cost of sales   323,798       351,861       333,865  
Gross profit   214,233       263,778       223,375  
Operating expenses:          
Selling, general and administrative   244,181       227,697       219,895  
Research and development   87,071       69,150       74,143  
Impairment of goodwill               48,300  
Total operating expenses   331,252       296,847       342,338  
(Loss) income from operations   (117,019 )     (33,069 )     (118,963 )
Interest and other income (expense), net   (3,790 )     352,609       (24,447 )
(Loss) income before income taxes   (120,809 )     319,540       (143,410 )
(Provision) benefit for income taxes   (2,140 )     2,512       (6,184 )
Net (loss) income before redeemable non-controlling interest   (122,949 )     322,052       (149,594 )
Less: net (loss) attributable to redeemable non-controlling interest   (238 )            
Net (loss) income attributable to 3D Systems Corporation $ (122,711 )   $ 322,052     $ (149,594 )
           
Net (loss) income per common share          
Basic $ (0.96 )   $ 2.62     $ (1.27 )
Diluted $ (0.96 )   $ 2.55     $ (1.27 )
           
Weighted average shares outstanding:          
Basic   127,818       122,867       117,579  
Diluted   127,818       126,334       117,579  
                       

3D Systems Corporation

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