3D Systems Corporation
Unaudited Condensed Consolidated Statements of Operations
Quarter and Six Months Ended June 30, 2019 and 2018
Quarter Ended June 30, | Six Months Ended June 30, | ||||||||||||||
(in thousands, except per share amounts) | 2019 | 2018 | 2019 | 2018 | |||||||||||
Revenue: | |||||||||||||||
Products | $ | 93,758 | $ | 110,785 | $ | 186,105 | $ | 216,231 | |||||||
Services | 63,514 | 65,783 | 123,147 | 126,206 | |||||||||||
Total revenue | 157,272 | 176,568 | 309,252 | 342,437 | |||||||||||
Cost of sales: | |||||||||||||||
Products | 53,005 | 57,500 | 108,765 | 113,618 | |||||||||||
Services | 30,968 | 32,906 | 61,483 | 64,788 | |||||||||||
Total cost of sales | 83,973 | 90,406 | 170,248 | 178,406 | |||||||||||
Gross profit | 73,299 | 86,162 | 139,004 | 164,031 | |||||||||||
Operating expenses: | |||||||||||||||
Selling, general and administrative | 71,654 | 71,172 | 136,982 | 140,625 | |||||||||||
Research and development | 20,811 | 22,712 | 42,714 | 48,594 | |||||||||||
Total operating expenses | 92,465 | 93,884 | 179,475 | 189,219 | |||||||||||
Loss from operations | (19,166 | ) | (7,722 | ) | (40,471 | ) | (25,188 | ) | |||||||
Interest and other (expense) income, net | (2,755 | ) | 1,661 | (3,957 | ) | 108 | |||||||||
Loss before income taxes | (21,921 | ) | (6,061 | ) | (44,428 | ) | (25,080 | ) | |||||||
Provision for income taxes | (1,938 | ) | (2,539 | ) | (3,782 | ) | (4,493 | ) | |||||||
Net loss | (23,859 | ) | (8,600 | ) | (48,210 | ) | (29,573 | ) | |||||||
Less: net income attributable to noncontrolling interests | 70 | 262 | 114 | 246 | |||||||||||
Net loss attributable to 3D Systems Corporation | $ | (23,929 | ) | $ | (8,862 | ) | $ | (48,324 | ) | $ | (29,819 | ) | |||
Net loss per share available to 3D Systems Corporation common stockholders - basic and diluted | $ | (0.21 | ) | $ | (0.08 | ) | $ | (0.43 | ) | $ | (0.27 | ) | |||
3D Systems Corporation