3D Systems Reports Third Quarter 2020 Financial Results
| |
Quarter Ended September 30, |
|
Nine Months Ended September 30, |
|
(in millions, except per share amounts) |
2020 |
|
2019 |
|
2020 |
|
2019 |
| GAAP Net loss |
$ |
(72.9 |
) |
|
$ |
(16.8 |
) |
|
$ |
(129.8 |
) |
|
$ |
(65.2 |
) |
| Adjustments: |
|
|
|
|
|
|
|
| Amortization, stock-based compensation & other (1) |
7.2 |
|
|
10.9 |
|
|
29.3 |
|
|
35.7 |
|
| Legal, acquisition and divestiture related (2) |
0.4 |
|
|
(0.2 |
) |
|
0.8 |
|
|
7.0 |
|
| Cost optimization plan, including severance costs (3) |
11.9 |
|
|
1.4 |
|
|
14.7 |
|
|
7.1 |
|
| Impairment of cost-method investments (4) |
1.1 |
|
|
0.3 |
|
|
2.2 |
|
|
0.3 |
|
| Product end-of-life adjustment (5) |
— |
|
|
— |
|
|
10.9 |
|
|
— |
|
| Goodwill impairment (6) |
48.3 |
|
|
— |
|
|
48.3 |
|
|
— |
|
| Non-GAAP net loss |
$ |
(4.1 |
) |
|
$ |
(4.5 |
) |
|
$ |
(23.7 |
) |
|
$ |
(15.1 |
) |
| Non-GAAP net income per share available to 3D Systems common stock holders - basic and diluted (7) |
$ |
(0.03 |
) |
|
$ |
(0.04 |
) |
|
$ |
(0.20 |
) |
|
$ |
(0.13 |
) |
