3D Systems Reports Second Quarter 2024 Financial Results
| (1) | Amounts in table may not foot due to rounding |
Net Loss to Adjusted EBITDA
(1)
| |
Three Months Ended June 30, | |
Six Months Ended June 30, |
|
(in thousands) | |
2024 | | | |
2023 | | | |
2024 | | | |
2023 | |
| Net loss attributable to 3D Systems Corporation | $ | (27.3 | ) | | $ | (28.9 | ) | | $ | (43.3 | ) | | $ | (58.3 | ) |
| Interest (income) expense, net | | (0.8 | ) | | | (4.4 | ) | | | (2.9 | ) | | | (8.2 | ) |
| Provision for income taxes | | 0.5 | | | | 0.2 | | | | 1.8 | | | | 0.2 | |
| Depreciation expense | | 4.9 | | | | 5.3 | | | | 9.9 | | | | 10.6 | |
| Amortization expense | | 2.6 | | | | 3.3 | | | | 4.9 | | | | 6.5 | |
| EBITDA | | (20.1 | ) | | | (24.5 | ) | | | | (29.6 | ) | | | | (49.2 | ) |
| Stock-based compensation expense | | 3.4 | | | | 8.0 | | | | 11.6 | | | | 18.3 | |
| Acquisition and divestiture-related expense | | 0.2 | | | | 1.5 | | | | 0.2 | | | | 4.2 | |
| Legal and other related costs | | 2.3 | | | | 2.7 | | | | 6.6 | | | | 2.7 | |
| Restructuring expense | | 0.1 | | | | 4.1 | | | | 0.1 | | | | 5.8 | |
| Net loss attributable to redeemable non-controlling interest | | — | | | | — | | | | (0.1 | ) | | | (0.1 | ) |
| Loss on equity method investments, net of tax | | 0.9 | | | | 0.1 | | | | 1.1 | | | | 0.1 | |
| Gain on repurchase of debt | | — | | | | — | | | | (21.5 | ) | | | — | |
| Other non-operating expense (income) | | 0.3 | | | | 1.2 | | | | (1.4 | ) | | | 1.2 | |
| Adjusted EBITDA | $ | (12.9 | ) | | $ | (6.9 | ) | | | $ | (33.0 | ) | | | $ | (17.0 | ) |
