3D Systems Reports First Quarter 2020 Financial Results

Unaudited Condensed Consolidated Statements of Operations
Quarter Ended March 31, 2020 and 2019

  Quarter Ended March 31,
(in thousands, except per share amounts) 2020  2019
Revenue:   
Products$78,809  $92,347 
Services55,896  59,633 
Total revenue134,705  151,980 
Cost of sales:   
Products48,896  55,760 
Services28,677  30,515 
Total cost of sales77,573  86,275 
Gross profit57,132  65,705 
Operating expenses:   
Selling, general and administrative56,106  65,107 
Research and development19,244  21,903 
Total operating expenses75,350  87,010 
Loss from operations(18,218) (21,305)
Interest and other (expense) income, net(2,564) (1,201)
Loss before income taxes(20,782 )   (22,506 )
Benefit (provision) for income taxes 1,858     (1,844 )
Net loss (18,924 )   (24,350 )
Less: net income attributable to noncontrolling interests     44  
Net loss attributable to 3D Systems Corporation $ (18,924 )   $ (24,394 )
       
Net loss per share available to 3D Systems Corporation common stockholders - basic and diluted $ (0.17 )   $ (0.22 )
               

3D Systems Corporation

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