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3D Systems Corporation
Unaudited Condensed Consolidated Statements of Operations Three and Nine Months Ended September 30, 2024 and 2023 | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
| (in thousands, except per share amounts) | September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |||||||||||
| Revenue: | |||||||||||||||
| Products | $ | 72,968 | $ | 80,415 | $ | 208,752 | $ | 253,968 | |||||||
| Services | 39,972 | 43,376 | 120,345 | 119,253 | |||||||||||
| Total revenue | 112,940 | 123,791 | 329,097 | 373,221 | |||||||||||
| Cost of sales: | |||||||||||||||
| Products | 47,533 | 47,427 | 129,571 | 153,442 | |||||||||||
| Services | 23,694 | 21,014 | 69,793 | 67,315 | |||||||||||
| Total cost of sales | 71,227 | 68,441 | 199,364 | 220,757 | |||||||||||
| Gross profit | 41,713 | 55,350 | 129,733 | 152,464 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 57,974 | 33,355 | 166,772 | 150,623 | |||||||||||
| Research and development | 20,764 | 21,982 | 66,260 | 66,953 | |||||||||||
| Asset impairment charges | 143,733 | 13,597 | 143,733 | 13,597 | |||||||||||
| Total operating expenses | 222,471 | 68,934 | 376,765 | 231,173 | |||||||||||
| Loss from operations | (180,758 | ) | (13,584 | ) | (247,032 | ) | (78,709 | ) | |||||||
| Non-operating income (expense): | |||||||||||||||
| Foreign exchange loss, net | (1,960 | ) | (2,202 | ) | (774 | ) | (3,847 | ) | |||||||
| Interest income | 1,550 | 5,841 | 5,800 | 15,730 | |||||||||||
| Interest expense | (606 | ) | (932 | ) | (1,944 | ) | (2,612 | ) | |||||||
| Other (loss) income, net | (51 | ) | (105 | ) | 21,719 | 420 | |||||||||
| Total non-operating (loss) income | (1,067 | ) | 2,602 | 24,801 | 9,691 | ||||||||||
| Loss before income taxes | (181,825 | ) | (10,982 | ) | (222,231 | ) | (69,018 | ) | |||||||
| Benefit (provision) for income taxes | 4,343 | (174 | ) | 2,496 | (404 | ) | |||||||||
| Loss on equity method investment, net of income taxes | (1,254 | ) | (605 | ) | (2,403 | ) | (747 | ) | |||||||
| Net loss before redeemable non-controlling interest | (178,736 | ) | (11,761 | ) | (222,138 | ) | (70,169 | ) | |||||||
| Less: net loss attributable to redeemable non-controlling interest | (109 | ) | (57 | ) | (252 | ) | (149 | ) | |||||||
| Net loss attributable to 3D Systems Corporation | $ | (178,627 | ) | $ | (11,704 | ) | $ | (221,886 | ) | $ | (70,020 | ) | |||
| Net loss per common share: | |||||||||||||||
| Basic | $ | (1.35 | ) | $ | (0.09 | ) | $ | (1.69 | ) | $ | (0.54 | ) | |||
| Diluted | $ | (1.35 | ) | $ | (0.09 | ) | $ | (1.69 | ) | $ | (0.54 | ) | |||
| Weighted average shares outstanding: | |||||||||||||||
| Basic | 132,235 | 130,263 | 131,621 | 129,780 | |||||||||||
| Diluted | 132,235 | 130,263 | 131,621 | 129,780 | |||||||||||
