3D Systems Reports Third Quarter 2024 Financial Results

(1) Amounts in table may not foot due to rounding

 
Appendix
3D Systems Corporation
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Three and Nine Months Ended September 30, 2024 , 2023
 
Net Loss to Adjusted EBITDA (1)
  Three Months Ended September 30,  Nine Months Ended September 30,
(in millions)  2024    2023    2024    2023 
Net loss attributable to 3D Systems Corporation$(178.6) $(11.7) $(221.9) $(70.0)
Interest (income) expense, net (0.9)  (4.9)  (3.9)  (13.1)
Provision for income taxes (4.3)  0.2   (2.5)  0.4 
Depreciation expense 4.6    5.1       14.5       15.7  
Amortization expense   8.4       3.2       13.3       9.7  
EBITDA   (170.9 )     (8.2 )     (200.5 )     (57.4 )
Stock-based compensation expense   5.8       (3.1 )     17.4       15.1  
Acquisition and divestiture-related expense   0.6       (4.1 )     0.8       0.1  
Legal and other related costs   2.6       2.1       9.2       4.9  
Restructuring expense   0.7       1.5       0.8       6.7  
Net loss attributable to redeemable non-controlling interest   (0.1 )     (0.1 )     (0.3 )     (0.1 )
Loss on equity method investments, net of tax   1.3       0.6       2.4       0.7  
Gain on repurchase of debt               (21.5 )      
Asset impairment charges   143.7       13.6       143.7       14.2  
Other non-operating expense (income)   2.0       2.3       0.6       3.4  
Adjusted EBITDA $ (14.3 )   $ 4.7     $ (47.3 )   $ (12.3 )

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