3D Systems Announces Final 2023 Financial Results and Dates for Q1 and Q2 2024 Earnings Releases

3D Systems Corporation
Unaudited Consolidated Statements of Operations
Three Months Ended December 31, 2023 , 2022 and 2021
 
  Three Months Ended December 31,
(in thousands, except per share amounts)  2023    2022    2021 
Revenue:     
Products$74,763  $94,734  $117,572 
Services 40,085   37,998   33,298 
Total revenue 114,848   132,732   150,870 
Cost of sales:     
Products 49,816   55,541   64,918 
Services 21,075    22,561       19,734  
Total cost of sales   70,891       78,102       84,652  
Gross profit   43,957       54,630       66,218  
Operating expenses:          
Selling, general and administrative   59,549       58,783       50,897  
Research and development   22,513       23,891       19,163  
Impairments of goodwill and intangible assets   289,190              
Total operating expenses   371,252       82,674       70,060  
Loss from operations   (327,295 )     (28,044 )     (3,842 )
Interest and other income (expense), net   34,001       1,666       (1,787 )
Loss before income taxes   (293,294 )     (26,378 )     (5,629 )
Benefit (provision) for income taxes   1,045       771       (571 )
Loss on equity method investment, net of income taxes   (535 )            
Net loss before redeemable non-controlling interest   (292,784 )     (25,607 )     (6,200 )
Less: net loss attributable to redeemable non-controlling interest   (116 )     (54 )      
Net loss attributable to 3D Systems Corporation $ (292,668 )   $ (25,553 )   $ (6,200 )
           
Net loss per share available to 3D Systems Corporation common stockholders          
Basic $ (2.25 )   $ (0.20 )   $ (0.05 )
Diluted $ (2.25 )   $ (0.20 )   $ (0.05 )



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