3D Systems Reports Fourth Quarter and Full Year 2016 Financial Results

(a) Tax effect for the quarter ended March 31, 2016 and earlier periods was calculated quarterly, based on the Company’s overall tax rate for each quarter. Tax effect for quarters ended after March 31, 2016 were calculated based on the Company’s quarterly U.S. tax rate, which was 0% as a result of the valuation allowance that was recorded in the fourth quarter of 2015, in connection with GAAP net losses. The amount in the fourth quarter of 2016 also includes $1.2 million related to an adjustment for a prior period.

 

3D Systems Corporation
Schedule 3
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Expected Full Year Ended December 31, 2017
 
  Full Year Ended December 31, 2017
 (in millions, except per share amounts)     Low       High
               
Revenue   $ 643     $ 684
               
GAAP Earnings per Share   $ 0.02     $ 0.06
Estimated adjustments to arrive at non-GAAP EPS:              
Amortization     0.30       0.30
Stock Based Compensation     0.14       0.14
Acquisition, severance and settlements     0.05       0.05
Total Adjustments   $ 0.49     $ 0.49
Non-GAAP Earnings per Share   $ 0.51     $ 0.55

Tax effect for non-GAAP adjustments is based on the company’s U.S. tax rate. As a result of the valuation allowance that was recorded in the fourth quarter of 2015, in connection with GAAP net losses, tax effect is expected to be 0% in 2017.

Investor Contact:
Stacey Witten
Email: investor.relations@3dsystems.com 
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