3D Systems Reports First Quarter 2016 Financial Results

 

3D Systems Corporation
Schedule 1
Earnings (Loss) Per Share
Quarter Ended March 31, 2016 and 2015
   
     
  Quarter Ended March 31,      
(in thousands, except per share amounts) 2016   2015    
Numerator for basic and diluted net earnings per share:              
Net loss attributable to 3D Systems Corporation $     (17,788 )   $     (13,181 )    
               
Denominator for basic and diluted net loss per share:              
Weighted average shares       112,197         111,731      
               
Net loss per share, basic and diluted $   (0.16 )   $   (0.12 )    
               
Restricted stock units excluded from diluted loss per share calculation (a)     88         33      
               
(a) Average outstanding diluted earnings (loss) per share calculation excludes restricted stock units since the effect of their inclusion would have been anti-dilutive.  

 

3D Systems Corporation
Schedule 2
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Quarter Ended March 31, 2016 and 2015
   
     
    Quarter Ended March 31,      
(in thousands, except per share amounts)   2016   2015    
GAAP net income (loss) attributable to 3D Systems Corporation $   (17,788 )     $   (13,181 )    
Cost of sales adjustments:                  
Amortization of intangibles       84           75      
Operating expense adjustments:                  
Amortization of intangibles       8,735           14,441      
Acquisition and severance expenses       939           3,240      
Non-cash stock-based compensation expense       11,667           10,329      
Tax effect (a)       1,519           (9,705 )    
Non-GAAP net income   $   5,156       $   5,199      
Non-GAAP basic and diluted earnings per share   $   0.05       $   0.05      
     
(a) tax effect on reconciling items is calculated quarterly, based on the actual tax rate for each quarter.    

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