Quarter and Nine Months Ended September 30, 2020 and 2019
| Quarter Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
| (in thousands, except per share amounts) | 2020 | 2019 | 2020 | 2019 | |||||||||||
| Revenue: | |||||||||||||||
| Products | $ | 77,267 | $ | 94,506 | $ | 217,572 | $ | 280,611 | |||||||
| Services | 57,880 | 60,766 | 164,340 | 183,913 | |||||||||||
| Total revenue | 135,147 | 155,272 | 381,912 | 464,524 | |||||||||||
| Cost of sales: | |||||||||||||||
| Products | 49,010 | 58,044 | 150,395 | 166,809 | |||||||||||
| Services | 27,510 | 29,947 | 80,591 | 91,430 | |||||||||||
| Total cost of sales | 76,520 | 87,991 | 230,986 | 258,239 | |||||||||||
| Gross profit | 58,627 | 67,281 | 150,926 | 206,285 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 59,065 | 58,275 | 167,213 | 195,036 | |||||||||||
| Research and development | 18,866 | 20,940 | 55,107 | 63,654 | |||||||||||
| Impairment of goodwill | 48,300 | — | 48,300 | — | |||||||||||
| Total operating expenses | 126,231 | 79,215 | 270,620 | 258,690 | |||||||||||
| Loss from operations | (67,604 | ) | (11,934 | ) | (119,694 | ) | (52,405 | ) | |||||||
| Interest and other (expense) income, net | (2,419 | ) | (2,818 | ) | (7,598 | ) | (6,774 | ) | |||||||
| Loss before income taxes | (70,023 | ) | (14,752 | ) | (127,292 | ) | (59,179 | ) | |||||||
| Provision for income taxes | (2,866 | ) | (2,010 | ) | (2,472 | ) | (5,793 | ) | |||||||
| Net loss | (72,889 | ) | (16,762 | ) | (129,764 | ) | (64,972 | ) | |||||||
| Less: net income attributable to noncontrolling interests | — | 81 | — | 195 | |||||||||||
| Net loss attributable to 3D Systems Corporation | $ | (72,889 | ) | $ | (16,843 | ) | $ | (129,764 | ) | $ | (65,167 | ) | |||
| Net loss per share available to 3D Systems Corporation common stockholders - basic and diluted | $ | (0.61 | ) | $ | (0.15 | ) | $ | (1.12 | ) | $ | (0.57 | ) | |||
3D Systems Corporation
