Net Loss Per Share

9 Months Ended

Sep. 30, 2020

(10) Net Loss Per Share

We compute basic loss per share using net loss attributable to 3D Systems Corporation and the weighted average number of common shares outstanding during the applicable period. Diluted loss per share incorporates the additional shares issuable upon assumed exercise of stock options and the release of restricted stock and restricted stock units, except in such case when their inclusion would be anti-dilutive.


	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2020		2019		2020		2019
Numerator for basic and diluted net loss per share:
Net loss attributable to 3D Systems Corporation	$	(72,889)	$	(16,843)	$	(129,764)	$	(65,167)

Denominator for basic and diluted net loss per share:
Weighted average shares	118,527		114,053		116,216		113,587

Net loss per share - basic and diluted	$	(0.61)	$	(0.15)	$	(1.12)	$	(0.57)

On August 5, 2020, we entered into an Equity Distribution Agreement for an At-The-Market equity offering program (“ATM Program”) where we may issue and sell, from time to time, shares of our common stock. Our ATM Program allows for an aggregate gross sales price of up to a total of $150,000, depending upon market conditions and our liquidity requirements, through Truist Securities, Inc. and HSBC Securities (USA) Inc. For the three months ended September 30, 2020, we sold 4,616 shares of our common stock under our ATM Program for net proceeds of $24,965, net of $548 in fees, commissions and other costs. As of September 30, 2020, we had $124,487 in availability remaining under the ATM Program.

For the quarters and nine months ended September 30, 2020 and 2019, the effect of dilutive securities, including non-vested stock options and restricted stock awards/units, was excluded from the denominator for the calculation of diluted net loss per share because we recognized a net loss for the period and their inclusion would be anti-dilutive. Dilutive securities excluded for the quarter and nine months ended September 30, 2020 were 4,453 compared to 5,786 for the quarter and nine months ended September 30, 2019, respectively.