3D Systems Reports Fourth Quarter and Full Year 2023 Financial Results (Unaudited)

(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 year ended December 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 December 31,
(in thousands)  2023    2022 
  Gross Profit  Gross Profit Margin (2)  Gross Profit  Gross Profit Margin (2)
GAAP$46,348 40.4% $54,630  41.2%
Amortization expense included in Cost of sales 382    (398)  
Restructuring expense included in Cost of sales 1,427       
Non-GAAP$48,157 41.9% $54,232     40.9 %

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