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3D Systems Corporation
Unaudited Consolidated Statements of Operations Year Ended December 31, 2023 , 2022 and 2021 | |||||||||||
| Year Ended December 31, | |||||||||||
| (in thousands, except per share amounts) | 2023 | 2022 | 2021 | ||||||||
| Revenue: | |||||||||||
| Products | $ | 328,731 | $ | 395,396 | $ | 428,742 | |||||
| Services | 159,338 | 142,635 | 186,897 | ||||||||
| Total revenue | 488,069 | 538,031 | 615,639 | ||||||||
| Cost of sales: | |||||||||||
| Products | 203,258 | 237,386 | 245,169 | ||||||||
| Services | 88,390 | 86,412 | 106,692 | ||||||||
| Total cost of sales | 291,648 | 323,798 | 351,861 | ||||||||
| Gross profit | 196,421 | 214,233 | 263,778 | ||||||||
| Operating expenses: | |||||||||||
| Selling, general and administrative | 210,172 | 244,181 | 227,697 | ||||||||
| Research and development | 89,466 | 87,071 | 69,150 | ||||||||
| Impairments of goodwill and intangible assets | 302,787 | — | — | ||||||||
| Total operating expenses | 602,425 | 331,252 | 296,847 | ||||||||
| Loss from operations | (406,004 | ) | (117,019 | ) | (33,069 | ) | |||||
| Interest and other income (expense), net | 43,692 | (3,790 | ) | 352,609 | |||||||
| (Loss) income before income taxes | (362,312 | ) | (120,809 | ) | 319,540 | ||||||
| Benefit (provision) for income taxes | 641 | (2,140 | ) | 2,512 | |||||||
| Loss on equity method investment, net of income taxes | (1,282 | ) | — | — | |||||||
| Net (loss) income before redeemable non-controlling interest | (362,953 | ) | (122,949 | ) | 322,052 | ||||||
| Less: net loss attributable to redeemable non-controlling interest | (265 | ) | (238 | ) | — | ||||||
| Net (loss) income attributable to 3D Systems Corporation | $ | (362,688 | ) | $ | (122,711 | ) | $ | 322,052 | |||
| Net (loss) income per common share | |||||||||||
| Basic | $ | (2.79 | ) | $ | (0.96 | ) | $ | 2.62 | |||
| Diluted | $ | (2.79 | ) | $ | (0.96 | ) | $ | 2.55 | |||
| Weighted average shares outstanding: | |||||||||||
| Basic | 129,944 | 127,818 | 122,867 | ||||||||
| Diluted | 129,944 | 127,818 | 126,334 | ||||||||
