3D Systems Reports Fourth Quarter and Full Year 2020 Financial Results (Unaudited), Reschedules Form 10-K Filing

Unaudited Condensed Consolidated Statements of Operations
Quarter and Year Ended December 31, 2020 and 2019

  Quarter Ended December 31,  Year Ended December 31,
(in thousands, except per share amounts) 2020  2019  2020  2019
Revenue:       
Products$112,551  $105,111  $332,799  $389,337 
Services60,101  63,104  224,441  247,017 
Total revenue172,652  168,215  557,240  636,354 
Cost of sales:       
Products74,610  64,157  227,681  234,581 
Services25,593  29,802  106,184  121,232 
Total cost of sales100,203     93,959     333,865     355,813  
Gross profit 72,449     74,256     223,375     280,541  
Operating expenses:              
Selling, general and administrative 52,682     59,319     219,895     254,355  
Research and development 19,036     19,636     74,143     83,290  
Impairment of goodwill         48,300      
Total operating expenses 71,718     78,955     342,338     337,645  
Income (loss) from operations 731     (4,699 )   (118,963 )   (57,104 )
Interest and other (expense) income, net (16,849 )   (1,222 )   (24,447 )   (7,996 )
Loss before income taxes (16,118 )   (5,921 )   (143,410 )   (65,100 )
Provision for income taxes (3,712 )   1,260     (6,184 )   (4,532 )
Net loss (19,830 )   (4,661 )   (149,594 )   (69,632 )
Less: net income attributable to noncontrolling interests     53         248  
Net loss attributable to 3D Systems Corporation $ (19,830 )   $ (4,714 )   $ (149,594 )   $ (69,880 )
               
Net loss per share available to 3D Systems Corporation common stockholders - basic and diluted $ (0.16 )   $ (0.04 )   $ (1.27 )   $ (0.61 )
                               



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