3D Systems Reports Second Quarter 2023 Financial Results

(1)Amounts in table may not foot due to rounding
(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 Six Months Ended June 30, 2023 and 2022 .

Net (Loss) Income to Adjusted EBITDA (1)
  Three Months Ended June 30,  Six Months Ended June 30,
(in thousands)  2023    2022    2023    2022 
Net (loss) income attributable to 3D Systems Corporation $ (28,895 )  $ (32,961 )  $ (58,316 )  $ (59,760 )
Interest (income) expense, net (4,404)  (1,825)  (8,209)  (1,990)
Provision for income taxes 222   1,289   230   2,573 
Depreciation expense 5,294      5,032       10,606       10,850  
Amortization expense   3,258       3,303       6,497       5,980  
EBITDA   (24,525 )     (25,162 )     (49,192 )     (42,347 )
Stock-based compensation expense   7,990       7,403       18,282       20,061  
Acquisition and divestiture-related expense   1,512       2,972       4,188       6,654  
Legal expense   2,656       10,760       2,735       10,773  
Restructuring expense   4,121       (10 )     5,824       301  
Redeemable non-controlling interest   16       (37 )     (92 )     (37 )
Loss on equity method investment   142             142        
Other non-operating (income) expense, net   1,190       1,496       1,120       3,944  
Adjusted EBITDA $ (6,898 )   $ (2,578 )   $ (16,993 )   $ (651 )

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