Three Months Ended December 31, 2022 , 2021 and 2020
Three Months ended December 31, | |||||||||||
(in thousands, except per share amounts) | 2022 | 2021 | 2020 | ||||||||
Revenue: | |||||||||||
Products | $ | 94,734 | $ | 117,572 | $ | 112,552 | |||||
Services | 37,998 | 33,298 | 60,101 | ||||||||
Total revenue | 132,732 | 150,870 | 172,653 | ||||||||
Cost of sales: | |||||||||||
Products | 55,541 | 64,918 | 72,465 | ||||||||
Services | 22,561 | 19,734 | 27,739 | ||||||||
Total cost of sales | 78,102 | 84,652 | 100,204 | ||||||||
Gross profit | 54,630 | 66,218 | 72,449 | ||||||||
Operating expenses: | |||||||||||
Selling, general and administrative | 58,783 | 50,897 | 52,682 | ||||||||
Research and development | 23,891 | 19,163 | 19,036 | ||||||||
Total operating expenses | 82,674 | 70,060 | 71,718 | ||||||||
Loss from operations | (28,044 | ) | (3,842 | ) | 731 | ||||||
Interest and other (expense) income, net | 1,666 | (1,787 | ) | (16,849 | ) | ||||||
(Loss) income before income taxes | (26,378 | ) | (5,629 | ) | (16,118 | ) | |||||
(Provision) benefit for income taxes | 771 | (571 | ) | (3,712 | ) | ||||||
Net (loss) income before redeemable non-controlling interest | (25,607 | ) | (6,200 | ) | (19,830 | ) | |||||
Less: net (loss) attributable to redeemable non-controlling interest | (54 | ) | — | — | |||||||
Net (loss) income attributable to 3D Systems Corporation | $ | (25,553 | ) | $ | (6,200 | ) | $ | (19,830 | ) | ||
Net income (loss) per share available to 3D Systems Corporation common stockholders | |||||||||||
Basic | $ | (0.20 | ) | $ | (0.05 | ) | $ | (0.16 | ) | ||
Diluted | $ | (0.20 | ) | $ | (0.05 | ) | $ | (0.16 | ) | ||