3D Systems Reports First Quarter 2019 Financial Results

(a) The amounts for cash and cash equivalents shown above include restricted cash of $921 and $794 as of March 31, 2019 and 2018, respectively, and $921 and $487 as of December 31, 2017, and 2016, respectively, which were included in other assets, net in the condensed consolidated balance sheets.


3D Systems Corporation
Schedule 1
Loss Per Share
Quarter Ended March 31, 2019 and 2018

  Quarter Ended March 31,
(in thousands, except per share amounts) 2019  2018
Numerator for basic and diluted net loss per share:   
Net loss attributable to 3D Systems Corporation$(24,394) $(20,955)
    
Denominator for basic and diluted net loss per share:   
Weighted average shares113,267  111,819 
    
Net loss per share - basic and diluted$(0.22) $(0.19)


3D Systems Corporation
Schedule 2
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Quarter Ended March 31, 2019 and 2018

  Quarter Ended March 31,
(in millions, except per share amounts) 2019  2018
GAAP Net loss attributable to 3D Systems Corporation$(24.4) $(21.0)
Adjustments:   
Amortization, stock-based compensation & other 112.2  15.2 
Legal, acquisition and divestiture related 20.4  0.5 
Cost optimization plan, including severance costs 31.7  0.5 
Impairment of cost-method investments 4  1.4 
Non-GAAP net income attributable to 3D Systems Corporation$(10.1) $(3.4)
Non-GAAP net income per share available to 3D Systems common stock holders - basic and diluted 5$(0.09) $(0.03)
    

1 For the quarter ended March 31, 2019, the adjustment included $0.1 in COGS and $12.1 in SG&A. For the quarter ended March 31, 2018, the adjustment included $0.1 in COGS and $15.1 in SG&A.
2 For the quarter ended March 31, 2019, the adjustment included $(1.8) in Revenues $1.9 in COGS and $0.7 in SG&A and $(0.5) in other income (expense). For the quarter ended March 31, 2018, the adjustment included $0.5 in SG&A.
3 For the quarter ended March 31, 2019, the adjustment included $0.4 in COGS, $1.2 in SG&A. For the quarter ended March 31, 2018, the adjustment included $0.2 in COGS and $0.3 in SG&A.
4 For the quarter ended March 31, 2018, the adjustment included $1.4 in interest and other income (expense), net. No impairment was recorded in 2019.
5 Denominator based on weighted average shares used in the GAAP EPS calculation.

* Tables may not foot due to rounding; amounts calculated based on dollars in thousands.

Investor Contact:
Stacey Witten
Investor.relations@3dsystems.com

Media Contact:
Nicole York
press@3dsystems.com 

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