3D Systems Reports Second Quarter 2020 Financial Results
| |
Quarter Ended June 30, | |
Six Months Ended June 30, |
|
(in millions, except per share amounts) |
2020 | |
2019 | |
2020 | |
2019 |
| GAAP Net loss | $ | (38.0 | ) | | $ | (23.9 | ) | | $ | (56.9 | ) | | $ | (48.3 | ) |
| Adjustments: | | | | | | | |
| Amortization, stock-based compensation & other (1) | 11.4 | | | 12.6 | | | 22.1 | | | 24.8 | |
| Legal, acquisition and divestiture related (2) | — | | | 6.8 | | | 0.4 | | | 7.2 | |
| Cost optimization plan, including severance costs (3) | 0.5 | | | 3.9 | | | 2.8 | | | 5.6 | |
| Impairment of cost-method investments (4) | — | | | — | | | 1.1 | | | — | |
| Product end-of-life adjustment (5) | 10.9 | | | — | | | 10.9 | | | — | |
| Non-GAAP net loss | $ | (15.1 | ) | | $ | (0.6 | ) | | $ | (19.6 | ) | | $ | (10.7 | ) |
| Non-GAAP net income per share available to 3D Systems common stock holders - basic and diluted (6) | $ | (0.13 | ) | | $ | — | | | $ | (0.17 | ) | | $ | (0.09 | ) |
