(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 | ) |