(2) Calculated as non-GAAP gross profit as a percentage of total revenue.
Appendix
3D Systems Corporation
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Three and Twelve
Months Ended
December 31,
2023
and
2022
Net Loss to Adjusted EBITDA (1)
|
Three Months Ended
December 31, |
Year Ended
December 31, | ||||||||||||||
| (in thousands) | 2023 | 2022 | 2023 | 2022 | |||||||||||
| Net loss attributable to 3D Systems Corporation | $ | (300,412 | ) | $ | (25,553 | ) | $ | (370,432 | ) | $ | (122,711 | ) | |||
| Interest income, net | (3,778 | ) | (2,522 | ) | (16,896 | ) | (6,541 | ) | |||||||
| (Benefit) provision for income taxes | (930 | ) | (771 | ) | (526 | ) | 2,140 | ||||||||
| Depreciation expense | 5,656 | 5,104 | 21,346 | 21,096 | |||||||||||
| Amortization expense | 2,391 | 5,207 | 12,067 | 15,480 | |||||||||||
| Stock-based compensation expense | 8,224 | 10,980 | 23,367 | 42,489 | |||||||||||
| Acquisition and divestiture-related expense | 468 | 2,978 | 600 | 12,360 | |||||||||||
| Legal expense | 3,174 | (1,418 | ) | 8,053 | 19,062 | ||||||||||
| Restructuring expense | 4,774 | 381 | 11,487 | 733 | |||||||||||
| Redeemable non-controlling interest | (116 | ) | (54 | ) | (265 | ) | (238 | ) | |||||||
| Loss (income) on equity method investment | 535 | (90 | ) | 1,282 | (90 | ) | |||||||||
| Goodwill and other assets impairment charges | 298,647 | 3 | 312,858 | 18 | |||||||||||
| Gain on repurchase of debt | (32,181 | ) | — | (32,181 | ) | — | |||||||||
| Other non-operating (income) expense | 1,288 | 947 | 4,715 | 10,421 | |||||||||||
| Adjusted EBITDA | $ | (12,260 | ) | $ | (4,808 | ) | $ | (24,525 | ) | $ | (5,781 | ) | |||
