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3D Systems Corporation
Unaudited Condensed Consolidated Statements of Operations Three Months Ended March 31, 2024 and 2023 | |||||||
| Three Months Ended | |||||||
| (in thousands, except per share amounts) | March 31, 2024 | March 31, 2023 | |||||
| Revenue: | |||||||
| Products | $ | 64,051 | $ | 84,388 | |||
| Services | 38,854 | 36,848 | |||||
| Total revenue | 102,905 | 121,236 | |||||
| Cost of sales: | |||||||
| Products | 39,587 | 49,880 | |||||
| Services | 22,396 | 24,258 | |||||
| Total cost of sales | 61,983 | 74,138 | |||||
| Gross profit | 40,922 | 47,098 | |||||
| Operating expenses: | |||||||
| Selling, general and administrative | 57,304 | 58,285 | |||||
| Research and development | 23,480 | 22,209 | |||||
| Total operating expenses | 80,784 | 80,494 | |||||
| Loss from operations | (39,862 | ) | (33,396 | ) | |||
| Non-operating income (expense): | |||||||
| Foreign exchange gain (loss), net | 1,909 | (372 | ) | ||||
| Interest income | 2,798 | 4,546 | |||||
| Interest expense | (714 | ) | (741 | ) | |||
| Other income, net | 21,386 | 442 | |||||
| Total non-operating income | 25,379 | 3,875 | |||||
| Loss before income taxes | (14,483 | ) | (29,521 | ) | |||
| Provision for income taxes | (1,371 | ) | (8 | ) | |||
| Loss on equity method investment, net of income taxes | (247 | ) | — | ||||
| Net loss before redeemable non-controlling interest | (16,101 | ) | (29,529 | ) | |||
| Less: net loss attributable to redeemable non-controlling interest | (100 | ) | (108 | ) | |||
| Net loss attributable to 3D Systems Corporation | $ | (16,001 | ) | $ | (29,421 | ) | |
| Net loss per common share: | |||||||
| Basic | $ | (0.12 | ) | $ | (0.23 | ) | |
| Diluted | $ | (0.12 | ) | $ | (0.23 | ) | |
| Weighted average shares outstanding: | |||||||
| Basic | 130,820 | 129,158 | |||||
| Diluted | 130,820 | 129,158 | |||||
