3D Systems Corporation Unaudited Consolidated Statements of Operations Three and Six Months Ended June 30, 2023 and 2022. | |||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||
(in thousands, except per share amounts) | June 30, 2023 | June 30, 2022 | June 30, 2023 | June 30, 2022 | |||||||||||
Revenue: | |||||||||||||||
Products | $ | 89,165 | $ | 103,774 | $ | 173,553 | $ | 204,325 | |||||||
Services | 39,029 | 36,271 | 75,877 | 68,721 | |||||||||||
Total revenue | 128,194 | 140,045 | 249,430 | 273,046 | |||||||||||
Cost of sales: | |||||||||||||||
Products | 56,135 | 65,331 | 106,015 | 123,803 | |||||||||||
Services | 22,043 | 21,576 | 46,301 | 42,310 | |||||||||||
Total cost of sales | 78,178 | 86,907 | 152,316 | 166,113 | |||||||||||
Gross profit | 50,016 | 53,138 | 97,114 | 106,933 | |||||||||||
Operating expenses: | |||||||||||||||
Selling, general and administrative | 58,983 | 64,404 | 117,268 | 119,819 | |||||||||||
Research and development | 22,762 | 20,772 | 44,971 | 42,384 | |||||||||||
Total operating expenses | 81,745 | 85,176 | 162,239 | 162,203 | |||||||||||
Loss from operations | (31,729 | ) | (32,038 | ) | (65,125 | ) | (55,270 | ) | |||||||
Interest and other income (expense), net | 3,214 | 329 | 7,089 | (1,954 | ) | ||||||||||
(Loss) income before income taxes | (28,515 | ) | (31,709 | ) | (58,036 | ) | (57,224 | ) | |||||||
(Provision) benefit for income taxes | (222 | ) | (1,289 | ) | (230 | ) | (2,573 | ) | |||||||
(Loss) on equity method investment | (142 | ) | — | (142 | ) | — | |||||||||
Net (loss) income before redeemable non-controlling interest | (28,879 | ) | (32,998 | ) | (58,408 | ) | (59,797 | ) | |||||||
Less: net (loss) income attributable to redeemable non-controlling interest | 16 | (37 | ) | (92 | ) | (37 | ) | ||||||||
Net (loss) income attributable to 3D Systems Corporation | $ | (28,895 | ) | $ | (32,961 | ) | $ | (58,316 | ) | $ | (59,760 | ) | |||
Net (loss) income per common share: | |||||||||||||||
Basic | $ | (0.22 | ) | $ | (0.26 | ) | $ | (0.45 | ) | $ | (0.47 | ) | |||
Diluted | $ | (0.22 | ) | $ | (0.26 | ) | $ | (0.45 | ) | $ | (0.47 | ) | |||
Weighted average shares outstanding: | |||||||||||||||
Basic | 129,907 | 127,703 | 129,535 | 127,218 | |||||||||||
Diluted | 129,907 | 127,703 | 129,535 | 127,218 |