3D Systems Reports Second Quarter 2021 Financial Results

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 
Services53,919  50,564 
Total revenue162,557  112,777 
Cost of sales:   
Products62,635  51,284 
Services30,917  26,326 
Total cost of sales93,552  77,610 
Gross profit69,005  35,167 
Operating expenses:   
Selling, general and administrative61,463  52,042 
Research and development17,602  16,997 
Total operating expenses79,065  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  



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