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3D Systems Corporation
Unaudited Condensed Consolidated Statements of Operations Three and Six Months Ended June 30, 2024 and 2023 | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in thousands, except per share amounts) | June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |||||||||||
| Revenue: | |||||||||||||||
| Products | $ | 71,733 | $ | 89,165 | $ | 135,784 | $ | 173,553 | |||||||
| Services | 41,519 | 39,029 | 80,373 | 75,877 | |||||||||||
| Total revenue | 113,252 | 128,194 | 216,157 | 249,430 | |||||||||||
| Cost of sales: | |||||||||||||||
| Products | 42,451 | 56,135 | 82,038 | 106,015 | |||||||||||
| Services | 23,703 | 22,043 | 46,099 | 46,301 | |||||||||||
| Total cost of sales | 66,154 | 78,178 | 128,137 | 152,316 | |||||||||||
| Gross profit | 47,098 | 50,016 | 88,020 | 97,114 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 51,494 | 58,983 | 108,798 | 117,268 | |||||||||||
| Research and development | 22,016 | 22,762 | 45,496 | 44,971 | |||||||||||
| Total operating expenses | 73,510 | 81,745 | 154,294 | 162,239 | |||||||||||
| Loss from operations | (26,412 | ) | (31,729 | ) | (66,274 | ) | (65,125 | ) | |||||||
| Non-operating income (expense): | |||||||||||||||
| Foreign exchange gain (loss), net | (723 | ) | (1,273 | ) | 1,186 | (1,645 | ) | ||||||||
| Interest income | 1,452 | 5,343 | 4,250 | 9,889 | |||||||||||
| Interest expense | (624 | ) | (939 | ) | (1,338 | ) | (1,680 | ) | |||||||
| Other income, net | 384 | 83 | 21,770 | 525 | |||||||||||
| Total non-operating income | 489 | 3,214 | 25,868 | 7,089 | |||||||||||
| Loss before income taxes | (25,923 | ) | (28,515 | ) | (40,406 | ) | (58,036 | ) | |||||||
| Provision for income taxes | (476 | ) | (222 | ) | (1,847 | ) | (230 | ) | |||||||
| Loss on equity method investment, net of income taxes | (902 | ) | (142 | ) | (1,149 | ) | (142 | ) | |||||||
| Net loss before redeemable non-controlling interest | (27,301 | ) | (28,879 | ) | (43,402 | ) | (58,408 | ) | |||||||
| Less: net (loss) income attributable to redeemable non-controlling interest | (43 | ) | 16 | (143 | ) | (92 | ) | ||||||||
| Net loss attributable to 3D Systems Corporation | $ | (27,258 | ) | $ | (28,895 | ) | $ | (43,259 | ) | $ | (58,316 | ) | |||
| Net loss per common share: | |||||||||||||||
| Basic | $ | (0.21 | ) | $ | (0.22 | ) | $ | (0.33 | ) | $ | (0.45 | ) | |||
| Diluted | $ | (0.21 | ) | $ | (0.22 | ) | $ | (0.33 | ) | $ | (0.45 | ) | |||
| Weighted average shares outstanding: | |||||||||||||||
| Basic | 131,802 | 129,907 | 131,311 | 129,535 | |||||||||||
| Diluted | 131,802 | 129,907 | 131,311 | 129,535 | |||||||||||
