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 | ) |
