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

(3) Represents the % increase or decrease in revenue excluding the estimated "FX effect"
(4)Amounts in table may not foot due to rounding

Gross Profit and Gross Profit Margin (1)
  Three Months Ended December 31,
(in thousands)  2023    2022 
  Gross Profit  Gross Profit Margin (2)  Gross Profit  Gross Profit Margin (2)
GAAP$43,957 38.3% $54,630  41.2%
Amortization expense included in Cost of sales 382    (398)  
Restructuring expense included in Cost of sales 1,427       
Non-GAAP$45,766 39.8% $54,232  40.9%

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

  Year Ended December 31,
(in thousands)  2023    2022  
  Gross Profit   Gross Profit Margin (2)   Gross Profit   Gross Profit Margin (2)
GAAP $ 196,421   40.2 %   $ 214,233   39.8 %
Amortization expense included in Cost of sales   506         14    
Restructuring expense included in Cost of sales   1,427            
Non-GAAP $ 198,354   40.6 %   $ 214,247   39.8 %

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