(2) Calculated as non-GAAP gross profit as a percentage of total revenue.
|
Appendix
3D Systems Corporation Unaudited Reconciliations of GAAP to Non-GAAP Measures Three and Twelve Months Ended December 31, 2023 and 2022 | |||||||||||||||
| Net Loss to Adjusted EBITDA (1) | |||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||
| (in thousands) | 2023 | 2022 | 2023 | 2022 | |||||||||||
| Net loss attributable to 3D Systems Corporation | $ | (292,668 | ) | $ | (25,553 | ) | $ | (362,688 | ) | $ | (122,711 | ) | |||
| Interest income, net | (3,092 | ) | (2,522 | ) | (16,210 | ) | (6,541 | ) | |||||||
| (Benefit) provision for income taxes | (1,045 | ) | (771 | ) | (641 | ) | 2,140 | ||||||||
| Depreciation expense | 5,656 | 5,104 | 21,346 | 21,096 | |||||||||||
| Amortization expense | 2,391 | 5,207 | 12,067 | 15,480 | |||||||||||
| Stock-based compensation expense | 8,361 | 10,980 | 23,504 | 42,489 | |||||||||||
| Acquisition and divestiture-related expense | (1,202 | ) | 2,978 | (1,070 | ) | 12,360 | |||||||||
| Legal expense | 3,174 | (1,418 | ) | 8,053 | 19,062 | ||||||||||
| Restructuring expense | 4,774 | 381 | 11,487 | 733 | |||||||||||
| Net loss attributable to redeemable non-controlling interest | (116 | ) | (54 | ) | (265 | ) | (238 | ) | |||||||
| Loss (income) on equity method investment, net of income taxes | 535 | — | 1,282 | — | |||||||||||
| Goodwill and other assets impairment charges | 290,148 | 3 | 304,359 | 18 | |||||||||||
| Gain on repurchase of debt | (32,181 | ) | — | (32,181 | ) | — | |||||||||
| Other non-operating expense | 1,272 | 857 | 4,699 | 10,331 | |||||||||||
| Adjusted EBITDA | $ | (13,993 | ) | $ | (4,808 | ) | $ | (26,258 | ) | $ | (5,781 | ) | |||
