3D Systems Reports Second Quarter 2023 Financial Results

(1) To assist in the analysis of the Company’s revenue trends, the Company estimated the impact of foreign exchange on year-over-year revenue growth by recasting revenue for the six months ended June 30, 2023 by applying the foreign exchange rates used to translate 2022 non-US functional currency revenue to 2023 non-US functional currency revenue.
(2) Represents the estimated impact on "as reported" revenue due to changes in foreign currency exchange rates
(3) Represents the % increase or decrease in revenue excluding the estimated "FX effect"
(4)Amounts in table may not foot due to rounding

Gross Profit and Gross Profit Margin (1)

  Three Months Ended June 30,
(in thousands)  2023    2022 
  Gross Profit  Gross Profit Margin  Gross Profit  Gross Profit Margin
GAAP$50,016  39.0% $53,138 37.9%
Amortization expense included in Cost of sales (122)    136  
Non-GAAP (2)$49,894  38.9% $53,274 38.0%

(1)Amounts in table may not foot due to rounding
(2) Calculated as non-GAAP gross profit as a percentage of total revenue.

  Six Months Ended June 30,
(in thousands)  2023    2022 
  Gross Profit  Gross Profit Margin   Gross Profit   Gross Profit Margin
GAAP $ 97,114   38.9 %   $ 106,933   39.2 %
Amortization expense included in Cost of sales   14         276    
Non-GAAP (2) $ 97,128   38.9 %   $ 107,209   39.3 %

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