3D Systems Reports Second Quarter and Six Months 2016 Financial Results

 

3D Systems Corporation
Schedule 1
Earnings (Loss) Per Share
Quarter and Six Months Ended June 30, 2016 and 2015
 
  Quarter Ended June 30,    Six Months Ended June 30,  
(in thousands, except per share amounts) 2016  2015  2016  2015
Numerator for basic and diluted net loss per share:           
Net loss attributable to 3D Systems Corporation$ (4,648) $ (13,696) $ (22,436) $ (26,877)
            
Denominator for basic and diluted net loss per share:           
Weighted average shares  111,166    112,017    111,288    111,875 
            
Net loss per share, basic and diluted$ (0.04) $ (0.12) $ (0.20) $ (0.24)
            

 

3D Systems Corporation
Schedule 2
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Quarter and Six Months Ended June 30, 2016 and 2015
 
   Quarter Ended June 30,     Six Months Ended June 30,  
(in thousands, except per share amounts)  2016  2015   2016  2015
GAAP net loss attributable to 3D Systems $ (4,648)  $ (13,696)  $ (22,436)    (26,877)
Cost of sales adjustments:                    
Amortization of intangibles       81           76           165           151  
Operating expense adjustments:                              
Amortization of intangibles       8,779           17,405           17,514           31,846  
Acquisition and severance expenses       1,771           1,936           2,710           5,176  
Non-cash stock-based compensation expense       7,226           9,721           18,893           20,050  
Tax effect (a)                  (12,293 )         1,519           (21,998 )
Non-GAAP net income   $   13,209       $   3,149       $   18,365       $   8,348  
                               
Non-GAAP basic and diluted earnings per share   $   0.12       $   0.03       $   0.17       $   0.07  
                               
 Investor  Contact:	
Stacey  Witten	
Email:  Investor.relations@3dsystems.com

Media  Contact:  	
Timothy  Miller	
Email:  Press@3dsystems.com 

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