3D Systems Corporation
Unaudited Consolidated Statements of Operations
Three Months Ended March 31,
2023, 2022
| Three Months Ended March 31, | |||||||
| (in thousands, except per share amounts) | 2023 | 2022 | |||||
| Revenue: | |||||||
| Products | $ | 84,388 | $ | 100,551 | |||
| Services | 36,848 | 32,450 | |||||
| Total revenue | 121,236 | 133,001 | |||||
| Cost of sales: | |||||||
| Products | 49,880 | 58,472 | |||||
| Services | 24,258 | 20,734 | |||||
| Total cost of sales | 74,138 | 79,206 | |||||
| Gross profit | 47,098 | 53,795 | |||||
| Operating expenses: | |||||||
| Selling, general and administrative | 58,285 | 55,415 | |||||
| Research and development | 22,209 | 21,612 | |||||
| Total operating expenses | 80,494 | 77,027 | |||||
| (Loss) from operations | (33,396 | ) | (23,232 | ) | |||
| Interest and other income (expense), net | 3,875 | (2,283 | ) | ||||
| (Loss) before income taxes | (29,521 | ) | (25,515 | ) | |||
| (Provision) benefit for income taxes | (8 | ) | (1,284 | ) | |||
| Net (loss) before redeemable non-controlling interest | (29,529 | ) | (26,799 | ) | |||
| Less: net (loss) attributable to redeemable non-controlling interest | (108 | ) | — | ||||
| Net (loss) attributable to 3D Systems Corporation | $ | (29,421 | ) | $ | (26,799 | ) | |
| Net (loss) per common share | |||||||
| Basic | $ | (0.23 | ) | $ | (0.21 | ) | |
| Diluted | $ | (0.23 | ) | $ | (0.21 | ) | |
| Weighted average shares outstanding: | |||||||
| Basic | 129,158 | 126,728 | |||||
| Diluted | 129,158 | 126,728 | |||||
