3D Systems Corporation
Unaudited Condensed Consolidated Statements of Operations
Quarter Ended June 30, 2021 and 2020
Quarter Ended June 30, | |||||||
(in thousands, except per share amounts) | 2021 | 2020 | |||||
Revenue: | |||||||
Products | $ | 108,638 | $ | 62,213 | |||
Services | 53,919 | 50,564 | |||||
Total revenue | 162,557 | 112,777 | |||||
Cost of sales: | |||||||
Products | 62,635 | 51,284 | |||||
Services | 30,917 | 26,326 | |||||
Total cost of sales | 93,552 | 77,610 | |||||
Gross profit | 69,005 | 35,167 | |||||
Operating expenses: | |||||||
Selling, general and administrative | 61,463 | 52,042 | |||||
Research and development | 17,602 | 16,997 | |||||
Total operating expenses | 79,065 | 69,039 | |||||
Loss from operations | (10,060 | ) | (33,872 | ) | |||
Interest and other income (expense), net | (316 | ) | (2,615 | ) | |||
Income (loss) before income taxes | (10,376 | ) | (36,487 | ) | |||
Benefit (provision) for income taxes | 744 | (1,464 | ) | ||||
Net income (loss) | $ | (9,632 | ) | $ | (37,951 | ) | |
Net income (loss) per common share: | |||||||
Basic | $ | (0.08 | ) | $ | (0.33 | ) | |
Diluted | $ | (0.08 | ) | $ | (0.33 | ) | |
Weighted average shares outstanding: | |||||||
Basic | 122,147 | 115,503 | |||||
Diluted | 122,147 | 115,503 |