3D Systems Reports Third Quarter 2024 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

  Nine Months Ended September 30,
(in millions)  2024    2023 
  Gross Profit  Gross Profit Margin   Gross Profit  Gross Profit Margin
GAAP$129.7  39.4% $152.5 40.9%
Amortization expense included in Cost of sales 0.8     0.1  
Severance accrual adjustment (0.5)      
Non-GAAP (2)$130.0  39.5% $152.6 40.9%

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

Non-GAAP Operating Expense (1)

  Three Months Ended September 30,  Nine Months Ended September 30,
(in millions)  2024       2023       2024       2023  
Operating expense $ 222.5     $ 68.9     $ 376.8     $ 231.2  
Amortization expense   (8.1 )     (3.1 )     (12.4 )     (9.6 )
Stock-based compensation expense   (5.8 )     3.1       (17.4 )     (15.1 )
Acquisition and divestiture-related expense   (0.6 )     4.1       (0.8 )     (0.1 )
Legal and other expense   (2.6 )     (2.1 )     (9.2 )     (4.9 )
Restructuring expense   (0.2 )     (1.5 )     (1.4 )     (6.7 )
Asset impairment charges   (143.7 )     (13.6 )     (143.7 )     (14.2 )
Non-GAAP operating expense $ 61.4     $ 55.8     $ 191.9     $ 180.6  

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