3D Systems Reports Fourth Quarter and Full Year 2023 Financial Results (Unaudited)

(1)Amounts in table may not foot due to rounding
(2) Calculated as non-GAAP gross profit as a percentage of total revenue.

Appendix
3D Systems Corporation
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Three and Twelve Months Ended December 31, 2023 and 2022

Net Loss to Adjusted EBITDA (1)

  Three Months Ended
December 31,
  Year Ended
December 31,
(in thousands)  2023    2022    2023    2022 
Net loss attributable to 3D Systems Corporation $ (300,412 )  $ (25,553 )  $ (370,432 )  $ (122,711 )
Interest income, net (3,778)  (2,522)  (16,896)  (6,541)
(Benefit) provision for income taxes (930)  (771)    (526 )     2,140  
Depreciation expense   5,656       5,104       21,346       21,096  
Amortization expense   2,391       5,207       12,067       15,480  
Stock-based compensation expense   8,224       10,980       23,367       42,489  
Acquisition and divestiture-related expense   468       2,978       600       12,360  
Legal expense   3,174       (1,418 )     8,053       19,062  
Restructuring expense   4,774       381       11,487       733  
Redeemable non-controlling interest   (116 )     (54 )     (265 )     (238 )
Loss (income) on equity method investment   535       (90 )     1,282       (90 )
Goodwill and other assets impairment charges   298,647       3       312,858       18  
Gain on repurchase of debt   (32,181 )           (32,181 )      
Other non-operating (income) expense   1,288       947       4,715       10,421  
Adjusted EBITDA $ (12,260 )   $ (4,808 )   $ (24,525 )   $ (5,781 )

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