3D Systems Reports Third Quarter 2023 Financial Results


3D Systems Corporation
Unaudited Consolidated Statements of Operations
Three Months Ended  September 30, 2023 and 2022 .
 
  Three Months Ended
(in thousands, except per share amounts) September 30, 2023  September 30, 2022
Revenue:   
Products$80,415  $96,337 
Services 43,376   35,916 
Total revenue 123,791   132,253 
Cost of sales:   
Products 47,427   58,042 
Services 21,014   21,541 
Total cost of sales 68,441   79,583 
Gross profit 55,350   52,670 
Operating expenses:   
Selling, general and administrative 33,355      65,579  
Research and development   21,982       20,796  
Impairment of intangible assets   13,597        
Total operating expenses   68,934       86,375  
Loss from operations   (13,584 )     (33,705 )
Interest and other income (expense), net   2,602       (3,502 )
(Loss) income before income taxes   (10,982 )     (37,207 )
(Provision) benefit for income taxes   (174 )     (338 )
(Loss) on equity method investment, net of income taxes   (605 )      
Net (loss) income before redeemable non-controlling interest   (11,761 )     (37,545 )
Less: net (loss) income attributable to redeemable non-controlling interest   (57 )     (147 )
Net (loss) income attributable to 3D Systems Corporation $ (11,704 )   $ (37,398 )
       
Net (loss) income per common share:      
Basic $ (0.09 )   $ (0.30 )
Diluted $ (0.09 )   $ (0.30 )
       
Weighted average shares outstanding:      
Basic   130,263       127,991  
Diluted   130,263       127,991  



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