3D Systems Reports Fourth Quarter and Full Year 2022 Financial Results

Unaudited Consolidated Statements of Operations
Three Months Ended December 31, 2022 , 2021 and 2020

  Three Months ended December 31,
(in thousands, except per share amounts)  2022    2021    2020 
Revenue:     
Products$94,734  $117,572  $112,552 
Services 37,998   33,298   60,101 
Total revenue 132,732   150,870   172,653 
Cost of sales:     
Products 55,541   64,918   72,465 
Services 22,561     19,734       27,739  
Total cost of sales   78,102       84,652       100,204  
Gross profit   54,630       66,218       72,449  
Operating expenses:          
Selling, general and administrative   58,783       50,897       52,682  
Research and development   23,891       19,163       19,036  
Total operating expenses   82,674       70,060       71,718  
Loss from operations   (28,044 )     (3,842 )     731  
Interest and other (expense) income, net   1,666       (1,787 )     (16,849 )
(Loss) income before income taxes   (26,378 )     (5,629 )     (16,118 )
(Provision) benefit for income taxes   771       (571 )     (3,712 )
Net (loss) income before redeemable non-controlling interest   (25,607 )     (6,200 )     (19,830 )
Less: net (loss) attributable to redeemable non-controlling interest   (54 )            
Net (loss) income attributable to 3D Systems Corporation $ (25,553 )   $ (6,200 )   $ (19,830 )
           
Net income (loss) per share available to 3D Systems Corporation common stockholders          
Basic $ (0.20 )   $ (0.05 )   $ (0.16 )
Diluted $ (0.20 )   $ (0.05 )   $ (0.16 )
                       

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