⁽¹⁾ To assist in the analysis of the Company’s revenue trends, the Company estimated the impact of foreign exchange on year-over-year revenue growth by recasting revenue for the three months ended March 31, 2023 by applying the foreign exchange rates used to translate 2022 non-US functional currency revenue to 2023 non-US functional currency revenue.
⁽²⁾ Represents the estimated impact on "as reported" revenue due to changes in foreign currency exchange rates
⁽³⁾ Represents the % increase or decrease in revenue excluding the estimated "FX effect"
⁽⁴⁾Amounts in table may not foot due to rounding

Gross Profit and Gross Profit Margin ⁽¹⁾

	Three Months Ended March 31,
(in thousands)		2023						2022
	Gross Profit			Gross Profit Margin			Gross Profit			Gross Profit Margin
GAAP	$	47,098		38.8	%		$	53,795		40.4	%
Amortization expense included in Cost of sales		136						140
Non-GAAP(2)	$	47,235		39.0	%		$	53,935		40.6	%

⁽¹⁾Amounts in table may not foot due to rounding
⁽²⁾ Calculated as non-GAAP gross profit as a percentage of total revenue.

Net (Loss) Income to Adjusted EBITDA ⁽¹⁾

	Three Months Ended March 31,
(in thousands)		2023				2022
Net (loss) income attributable to 3D Systems Corporation	$	(29,421	)		$	(26,799	)
Interest (income) expense, net		(3,805	)			(165	)
Provision for income taxes		8				1,284
Depreciation expense		5,312				5,818
Amortization expense		3,239				2,678
EBITDA		(24,667	)			(17,184	)
Stock-based compensation expense		10,292				12,658
Acquisition and divestiture-related expense		2,677				3,682
Legal expense		79				—
Restructuring expense		1,703				319
Redeemable non-controlling interest		(108	)			—
Other (income) expense, net		(70	)			2,448
Adjusted EBITDA	$	(10,094	)		$	1,923

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