8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES ACT OF 1934

Date of Report (Date of earliest event reported): February 28, 2022

3D SYSTEMS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	001-34220		95-4431352
(State or other jurisdiction of incorporation or organization)	(Commission File Number)		(I.R.S. Employer Identification No.)
333 Three D Systems Circle	Rock Hill	South Carolina	29730
(Address of Principal Executive Offices)			(Zip Code)

Registrant's telephone number, including area code: (803) 326-3900

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $0.001 per share	DDD	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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Item 2.02. Results of Operations and Financial Condition.

On February 28, 2022, 3D Systems Corporation (the “Company”) issued a press release announcing the Company's results of operations for the fourth quarter and year ended December 31, 2021 (the “Press Release”). A copy of the Press Release is furnished herewith as Exhibit 99.1 and is incorporated into this Item 2.02 by reference. The information in this Item 2.02 (and in the Press Release) shall not be deemed “filed” with the SEC for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended (the “Securities Act”).

Item 7.01. Regulation FD Disclosure.

Included in the Press Release is an announcement that the Company plans to hold a conference call and webcast at 4:30 p.m., Eastern Time, on Monday, February 28, 2022, to discuss its fourth quarter and year ended December 31, 2021 financial results and other matters relating to the Company’s plans and operations. A copy of the Press Release, which contains additional information regarding how to access the conference call and webcast and how to listen to a recorded playback of the call after it is completed, is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The slides to be presented on the webcast are furnished herewith as Exhibit 99.2 and incorporated into this Item 7.01 by reference.

The information in this Item 7.01 (and in the Press Release) shall not be deemed “filed” with the SEC for purposes of the Exchange Act, nor incorporated by reference in any registration statement filed by the Company under the Securities Act.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1	Press Release issued by 3D Systems Corporation, dated February 28, 2022
99.2	Investor information to be presented by 3D Systems Corporation on February 28, 2022
104	Cover Page Interactive Data File (embedded within Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	3D SYSTEMS CORPORATION
Date: February 28, 2022	/s/ Andrew M. Johnson
	(Signature)
	Name: Andrew M. Johnson
	Title: Executive Vice President, Chief Legal Officer and Secretary

EX-99.1

EXHIBIT 99.1

3D Systems Reports

Fourth Quarter and Full Year 2021 Financial Results

ROCK HILL, South Carolina - February 28, 2022 - 3D Systems Corporation (NYSE:DDD) announced today its financial results for the fourth quarter and full year ended December 31, 2021.

Fourth Quarter Financial Results and Recent Business Highlights

•Q4 2021 revenue of $150.9 million, a decline of 12.6% compared to Q4 2020 driven solely by divestitures of non-core assets; Q4 2021 revenue , adjusted for divestitures(1) , increased 13.1% and 10.4% compared to Q4 2020 andQ3 2021, respectively, reflecting continued strength in both the Industrial and Healthcare Solutions segments

•Adjusted EBITDA margin(1) of 11.8% reflects disciplined approach to growth, cost management and focus on our core business

•Diluted GAAP loss per share of $0.05 and diluted non-GAAP income per share(1) of $0.09driven by strong revenue and gross profit margins

•Announced two agreements to acquire Titan Robotics and Kumovis, adding extrusion-based technology to our broad suite of offerings supporting both Industrial and Healthcare Solutions segments

•Completed a five-year $460.0 million convertible bond issuance with a 0% coupon, ending the year with a significant cash balance of $789.7 million to support ongoing growth initiatives and investments

Full Year 2021 Financial Highlights

•2021 revenue of $615.6 million; an increase of 10.5% compared to 2020 revenue of $557.2 million

•Underscoring the successful execution of our strategy, revenue adjusted for divestitures(1) , increased 31.8% from 2020 and 16.9% from pre-pandemic 2019

•Industrial and Healthcare Solutions segments revenue, adjusted for divestitures(1),grew 24.4% and 40.1%, respectively, from 2020 reflecting success of the company’s vertical and applications focused approach

•Revenue growth, disciplined cost management, and focused operational execution resulted in higher operating income, adjusted EBITDA, and earnings per share(1) for 2021 compared to both 2020 and pre-pandemic 2019(1)

•Generated $48.1 million of cash from operations

	Quarter Ended December 31,				Year Ended December 31,
(in millions, expect per share data)	2021		2020		2021		2020
Revenue	$	150.9	$	172.7	$	615.6	$	557.2
Operating income (loss)	$	(3.8)	$	0.7	$	(33.1)	$	(119.0)
Net income (loss)	$	(6.2)	$	(19.8)	$	322.1	$	(149.6)
Basic income (loss) per share	$	(0.05)	$	(0.16)	$	2.62	$	(1.27)
Diluted income (loss) per share	$	(0.05)	$	(0.16)	$	2.55	$	(1.27)
Non-GAAP measures for year-over-year comparisons (1)
Non-GAAP operating income	$	12.3	$	16.1	$	49.8	$	0.3
Non-GAAP net income (loss)	$	11.5	$	10.6	$	56.6	$	(13.1)
Non-GAAP basic income (loss) per share	$	0.09	$	0.09	$	0.46	$	(0.11)
Non-GAAP diluted income (loss) per share	$	0.09	$	0.09	$	0.45	$	(0.11)
Adjusted EBITDA	$	17.9	$	22.9	$	74.1	$	28.7

(1)See “Presentation of Information in this Press Release” below for a description and the Appendix for reconciliation of non-GAAP revenue, adjusted for divestitures, operating income (loss), net income (loss) and basic and diluted income (loss) per share to the most closely comparable GAAP measure.

Summary Comments on Results

Commenting on the results, President and CEO, Dr. Jeffrey Graves said, “2021 was a remarkable year for 3D Systems.In the face of a difficult operating environment, we executed well against our four-phased strategy that we introduced in the summer of 2020. As a result, we exited 2021 as one of the largest and the most profitable pure-play additive manufacturing companies in the world, entering 2022 with great momentum, an extremely strong balance sheet, and focused on investing for the exciting growth we see ahead.Our segment-led application focus leverages the unique scale of our business and breadth of our technologies, which span polymer and metal printing systems, as well as the most advanced materials and software technology platforms in the industry.The success attained through our intense focus on bell-weather customer applications in key market verticals is clearly reflected in the strong, double-digit revenue growth of our core additive manufacturing business. At the same time, the impact of our lean organization structure and effective cost management has driven earnings per share higher than, not only 2020, but also our pre-pandemic 2019.This combination of revenue growth and profitability has singled us out as leaders in our industry, creating significant value for our customers, our employees and our shareholders alike.This performance, when combined with our exceptional balance sheet and operating cash flow, positions us very well to invest for the exciting future now expanding before us."

Dr. Graves continued, “By organizing our company into two market-focused business units, Healthcare and Industrial Solutions, we have been able to clearly identify the unique technologies, expertise and infrastructure required to be a comprehensive provider of additive manufacturing solutions for key verticals within each of these segments.In 2021, we invested significantly in both R&D and infrastructure for growth and continued operational efficiency improvements.An important focus was talent acquisition, both through direct hiring in key leadership roles, and through the acquisition of two software firms, Additive Works, specializing in print process simulation, and Oqton, developers of a unique ‘manufacturing operating system’ that we believe will accelerate the adoption of additive manufacturing in production environments for the entire 3D printing industry.Beyond these core technology investments, in 2021 we also invested to expand our biologics technology and printing expertise, which we believe will be instrumental in enabling next-generation applications ranging from the acceleration of new drug therapies to the manufacturing of human organs.This investment theme continued in early 2022 with the announcement of our agreements to acquire two companies having unique polymeric extrusion technology for 3D printing, Titan and Kumovis, and further expand our application capabilities."

Dr. Graves summarized, “As we enter 2022, there are clear challenges that all companies are facing - inflation, supply chain constraints, COVID-19 variants, and geopolitical instability - all of which may have an impact on the global economy and our results.However, at 3D Systems we enter the new year with a great deal of optimism, confident that continued execution of our strategy to deliver essential solutions to our Healthcare and Industrial customers, while prudently increasing investment in our core technologies and infrastructure to meet our growing demand outlook, will accelerate adoption of additive manufacturing. We believe the result will be exciting, profitable growth, and the creation of meaningful shareholder value in the years ahead.”

Summary of Fourth Quarter Results

Revenue for the fourth quarter of 2021 decreased 12.6% to $150.9 million compared to the same period last year.The decrease is solely a result of business divested during 2021.When excluding revenue from divestitures, the business had strong double-digit growth of 13.1% over the same period last year. Compared to the third quarter of 2021, and adjusting for divestitures, company revenue increased 10.4%. The results reflect continued strength in Healthcare Solutions and an increase in demand from Industrial Solutions customers. The strong divestiture-adjusted double-digit revenue growth in ourbusiness was driven primarily by higher revenue in the Industrial Solutions segment, which increased 22.2% from fourth quarter 2020 and 12.4% from third quarter 2021.This is the fourth consecutive quarter of year-over-year divestiture adjusted revenue growth in the Industrial Solutions segment.Revenue adjusted for divestitures from Healthcare Solutions increased 5.1% compared to the same period last year, and increased 8.4% compared to third quarter 2021.

Gross profit margin in the fourth quarter of 2021 was 43.9% compared to 42.0% in the same period last year.Non-GAAP gross profit margin was 44.1% compared to 42.9% in the same period last year. GAAP and non-GAAP gross profit margins increased primarily as a result of better absorption of supply chain overhead resulting from higher production, combined with strong inventory management resulting in reduced obsolescence. Prior year gross margin included $1.5 million of cost optimization expenses which favorably impacted year over year GAAP gross margin comparisons.

Operating expenses decreased 2.3% to $70.1 million in the fourth quarter of 2021 compared to the same period a year ago.On a non-GAAP basis, operating expenses were $54.3 million, a 6.4% decrease from the same period a year ago.The non-GAAP decrease is primarily a result of lower SG&A expenses due to restructuring efforts and divestitures.

Summary of Full-Year 2021 Results

Revenue for 2021 of $615.6 million increased 10.5% compared to the prior year.Revenue adjusted for divestitures increased 31.8% compared to 2020, and 16.9% from pre-pandemic 2019, reflecting the successful strategy of divesting non-core assets and transforming into a company focused on delivering additive manufacturing solutions for Industrial and Healthcare Solutions customers.Both the Healthcare and Industrial Solutions segments contributed to the growth, with Healthcare revenue adjusted for divestitures increasing 40.1% and Industrial increasing 24.4% compared to 2020.

Gross profit margin for the full year 2021 was 42.8% compared to 40.1% in the prior year. Non-GAAP gross profit margin was 43.0% for the full year 2021 compared to 42.6% in the prior year.Gross profit margin under GAAP increased primarily as a result of prior year end of life inventory charges and cost optimization expenses. Better absorption of supply chain overhead resulting from higher production, combined with strong inventory management resulted in reduced obsolescence which benefited both GAAP and non-GAAP gross margins.

Operating expenses for the full year 2021 decreased 13.3% to $296.8 million compared to the prior year, primarily as a result of a goodwill impairment charge of $48.3 million and cost optimization charges of $20.1 million that both occurred in 2020.Non-GAAP operating expenses were $214.7 million in 2021, a 9.4% decrease from the prior year. The lower non-GAAP operating expenses are primarily a result of restructuring efforts done in late 2020 and businesses divested as part of the company’s strategic plan.

2022 Outlook

The company is now providing annual guidance for revenue, non-GAAP gross margins and non-GAAP operating expenses.The company expects full-year 2022 revenue to be within a range of $570 million and $630 million.The company expects full-year 2022 non-GAAP gross margins to be between 40% to 44% and non-GAAP operating expenses to be between $225 million and $250 million. Our 2022 guidance assumes no significant macroeconomic events that negatively impact our business, such as COVID-19, geopolitical events, or other factors that could impact either demand or disrupt our supply chain.

Financial Liquidity

At December 31, 2021, the company had cash and cash equivalents of $789.7 million, and total debt of $460.0 million. The $705.3 million increase since December 31, 2020 was primarily driven by proceeds from divestitures of $421.1 million, net proceeds from a $460.0 million convertible bond issuance, and cash generated from operations of $48.1 million, partially offset by acquisition costs of $139.7 million, capital expenditures of $18.8 million and debt repayment of $21.4 million.

Q4 and FY 2021 Conference Call and Webcast

3D Systems will file its Annual Report on Form 10-K for the year ended December 31, 2021 with the Securities and Exchange Commission on March 1, 2022. The company will host a conference call and simultaneous webcast to discuss these results this afternoon, which may be accessed as follows:

Date: Monday, February 28, 2022

Time: 4:30 p.m. Eastern Time

Listen via webcast: www.3dsystems.com/investor

Participate via telephone: 201-689-8345

A replay of the webcast will be available approximately two hours after the live presentation at www.3dsystems.com/investor.

Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management

believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

Presentation of Information in this Press Release

3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: non-GAAP revenue, non-GAAP Gross profit, non-GAAP Gross profit margin, non-GAAP Operating expenses, non-GAAP Operating (loss)/income, non-GAAP Interest and other income/(expense), net, non-GAAP Net income (loss), non-GAAP Basic and Diluted Income (Loss) per Share, adjusted EBITDA and adjusted EBITDA Margin. These non-GAAP measures exclude certain special items that management does not view as part of 3D Systems’ underlying results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide a more meaningful comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems’ non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated the same as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP.

To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items:

•amortization of intangible assets, a non-cash expense, as 3D Systems’ intangible assets were primarily acquired in connection with business combinations;

•costs incurred in connection with acquisitions and divestitures, such as legal, consulting and advisory fees;

•stock-based compensation expenses, a non-cash expense;

•restructuring charges (cost optimization plans), impairment charges, including goodwill, divestiture gains or losses, and severance charges pertaining to senior level employees;

•certain compensation expense related to the 2021 Volumetric acquisition; and

•revenue from divestitures included in current and comparable periods necessary to calculate revenue growth excluding the impact of divestitures

Amortization of intangibles, acquisition and divestiture related costs are excluded from non-GAAP measures as the timing and magnitude of business combination transactions are not predictable, can vary significantly from period to period and the purchase price allocated to amortizable intangible assets and the related amortization period are unique to each acquisition. Amortization of intangible assets will recur in future periods until such intangible assets have been fully amortized. Whileintangible assets contribute to the Company’s revenue generation, the amortization of intangible assets does not directly relate to the sale of the Company’s products or services. Additionally, intangible asset amortization expense typically fluctuates based on the size and timing of the Company’s acquisition activity. Accordingly, the Company believes excluding the amortization of intangible assets enhances the Company’s and investors’ ability to compare the Company’s past financial performance with its current performance and to analyze underlying business performance and trends. Although stock-based compensation is a key incentive offered to certain of our employees, we continue to evaluate our business performance excluding stock-based compensation; therefore, it is excluded from non-GAAP measures. Stock-based compensation expenses will recur in future periods. Restructuring charges (cost optimization plans), impairment charges, including goodwill, divestiture gains or losses, and severance charges pertaining to senior level employees, are excluded from non-GAAP measures as the frequency and magnitude of these activities may vary widely from period to period. Additionally, impairment charges, including goodwill, are non-cash. Furthermore, 3D Systems excludes contingent consideration

recorded as compensation expense related to the 2021 Volumetric acquisition from non-GAAP measures as management evaluates financial performance excluding this expense, which is viewed by management as similar to acquisition consideration.

The matters discussed above are tax effected, as applicable, in calculating non-GAAP net income and basic and diluted earnings per share.

Adjusted EBITDA, defined as net income, plus income tax (provision)/benefit, interest and other income/(expense), net, stock-based compensation expense, amortization of intangibles, depreciation expense and other non-recurring and/or non-cash items all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period.

A reconciliation of GAAP to non-GAAP financial measures is provided in the accompanying schedules.

3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The company is unable to provide a quantitative reconciliation of forward-looking non-GAAP gross margins and non-GAAP operating expenses to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including legal, acquisition expenses, stock-compensation expense, intangible amortization expense, restructuring expenses, and goodwill impairment, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially.

About 3D Systems

More than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading Additive Manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in Healthcare and Industrial Solutions markets such as Medical and Dental, Aerospace & Defense, Automotive and Durable Goods. More information on the company is available at www.3dsystems.com

Tables Follow

3D Systems Corporation

Unaudited Condensed Consolidated Balance Sheets

December 31, 2021 and December 31, 2020

(In thousands, except par value)	December 31, 2021		December 31, 2020
ASSETS
Current assets:
Cash and cash equivalents	$	789,657	$	75,010
Accounts receivable, net of reserves — $2,445 and $4,392	106,540		114,254
Inventories	92,887		116,667
Prepaid expenses and other current assets	42,653		33,145
Current assets held for sale	—		18,439
Total current assets	1,031,737		357,515
Property and equipment, net	57,257		75,356
Intangible assets, net	45,835		28,083
Goodwill	345,588		161,765
Right of use assets	46,356		48,620
Deferred income tax asset	5,054		6,247
Assets held for sale	—		31,684
Other assets	17,272		23,785
Total assets	$	1,549,099	$	733,055
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long term debt	$	—	$	2,051
Current right of use liabilities	8,344		9,534
Accounts payable	57,366		45,174
Accrued and other liabilities	76,994		69,812
Current deferred tax liabilities	—		—
Customer deposits	7,281		7,750
Deferred revenue	28,027		30,302
Current liabilities held for sale	—		11,107
Total current liabilities	178,012		175,730
Long-term debt, net of deferred financing costs	—		19,218
Convertible notes payable, net	446,859		—
Long-term right of use liabilities	47,420		48,469
Deferred income tax liability	2,173		4,716
Liabilities held for sale	—		2,952
Other liabilities	32,254		51,247
Total liabilities	706,718		302,332
Commitments and contingencies (Note 23)
Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; issued 128,375 and 127,626	128		128
Additional paid-in capital	1,501,210		1,404,964
Treasury stock, at cost — 0 shares and 3,494 shares	—		(22,590)
Accumulated deficit	(621,251)		(943,303)
Accumulated other comprehensive loss	(37,706)		(8,476)
Total stockholders’ equity	842,381		430,723
Total liabilities and stockholders’ equity	$	1,549,099	$	733,055

3D Systems Corporation

Unaudited Condensed Consolidated Statements of Operations

Year Ended December 31, 2021, 2020 and 2019

	Year Ended December 31,
(in thousands, except per share amounts)	2021		2020		2019
Revenue:
Products	$	428,742	$	332,799	$	389,337
Services	186,897		224,441		247,017
Total revenue	615,639		557,240		636,354
Cost of sales:
Products	245,169		220,415		234,581
Services	106,692		113,450		121,232
Total cost of sales	351,861		333,865		355,813
Gross profit	263,778		223,375		280,541
Operating expenses:
Selling, general and administrative	227,697		219,895		254,355
Research and development	69,150		74,143		83,290
Impairment of goodwill	—		48,300		—
Total operating expenses	296,847		342,338		337,645
Loss from operations	(33,069)		(118,963)		(57,104)
Interest and other income (expense), net	352,609		(24,447)		(7,996)
Income (loss) before income taxes	319,540		(143,410)		(65,100)
Benefit (provision) for income taxes	2,512		(6,184)		(4,532)
Net income (loss)	322,052		(149,594)		(69,632)
Less: net income attributable to noncontrolling interests	—		—		248
Net income (loss) attributable to 3D Systems Corporation	$	322,052	$	(149,594)	$	(69,880)
Net income (loss) per share available to 3D Systems Corporation common stockholders
Basic	$	2.62	$	(1.27)	$	(0.61)
Diluted	$	2.55	$	(1.27)	$	(0.61)

3D Systems Corporation

Unaudited Condensed Consolidated Statements of Operations

Quarter Ended December 31, 2021 and 2020

	Quarter Ended December 31,
(in thousands, except per share amounts)	2021		2020
Revenue:
Products	$	117,572	$	112,552
Services	33,298		60,101
Total revenue	150,870		172,653
Cost of sales:
Products	64,918		72,465
Services	19,734		27,739
Total cost of sales	84,652		100,204
Gross profit	66,218		72,448
Operating expenses:
Selling, general and administrative	50,897		52,682
Research and development	19,163		19,036
Impairment of goodwill	—		—
Total operating expenses	70,060		71,718
Income (loss) from operations	(3,842)		731
Interest and other income (expense), net	(1,787)		(16,849)
Income (loss) before income taxes	(5,629)		(16,118)
Benefit (provision) for income taxes	(571)		(3,712)
Net income (loss)	(6,200)		(19,830)
Less: net income attributable to noncontrolling interests	—		—
Net income (loss) attributable to 3D Systems Corporation	$	(6,200)	$	(19,830)
Net income (loss) per share available to 3D Systems Corporation common stockholders
Basic	$	(0.05)	$	(0.16)
Diluted	$	(0.05)	$	(0.16)

3D SYSTEMS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
(in thousands)	2021		2020		2019
Cash flows from operating activities:
Net income (loss)	$	322,052	$	(149,594)	$	(69,632)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	34,623		44,595		50,396
Stock-based compensation	55,153		17,725		23,587
Provision for inventory obsolescence and revaluation	(2,909)		12,373		—
Loss on hedge accounting de-designation and termination	721		1,235		—
Provision for bad debts	232		457		1,308
(Gain) Loss on the disposition of businesses, property, equipment and other assets	(350,846)		5,274		2,282
Provision for deferred income taxes and reserve adjustments	(11,679)		(1,206)		(3,354)
Impairment of goodwill and assets	1,676		55,484		1,728
Changes in operating accounts:
Accounts receivable	(11,912)		(6,052)		15,071
Inventories	7,866		(9,901)		18,447
Prepaid expenses and other current assets	(8,106)		(16,218)		9,150
Accounts payable	27,159		(6,653)		(16,846)
Deferred revenue and customer deposits	(3,325)		3,231		677
Accrued and other liabilities	(12,389)		28,286		(1,346)
All other operating activities	(169)		843		113
Net cash provided by (used in) operating activities	48,147		(20,121)		31,581
Cash flows from investing activities:
Purchases of property and equipment	(18,791)		(13,643)		(23,985)
Proceeds from sale of assets and businesses, net of cash	421,485		1,554		1,620
Business acquisitions, net of cash acquired	(139,685)		—		—
Other investing activities	(2,454)		356		(2,007)
Net cash provided by (used in) investing activities	260,555		(11,733)		(24,372)
Cash flows from financing activities:
Proceeds from revolving credit facilities	—		20,000		—
Payments on revolving credit facilities	—		(20,000)		—
Proceeds from borrowings, net	460,000		—		100,000
Debt issuance costs	(13,466)		—		—
Repayment of borrowings/long-term debt	(21,392)		(26,840)		(76,768)
Proceeds from issuance of common stock	—		24,702		—
Purchase of noncontrolling interest	(6,300)		(12,500)		(2,500)
Payments related to net-share settlement of stock-based compensation	(12,619)		(5,138)		(3,194)
Other financing activities	(423)		296		(1,338)
Net cash provided by (used in) financing activities	405,800		(19,480)		16,200
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(9,243)		1,428		289
Net increase (decrease) in cash, cash equivalents and restricted cash	705,259		(49,906)		23,698
Cash, cash equivalents and restricted cash at the beginning of the period a	84,711		134,617		110,919
Cash, cash equivalents and restricted cash at the end of the period a	$	789,970	$	84,711	$	134,617

Appendix

3D Systems Corporation

Unaudited Reconciliations of GAAP to Non-GAAP Measures

Quarter and Year Ended December 31, 2021

	Quarter Ended December 31,(1)
(in millions)	2021										2021
	GAAP		Amortization, stock-based compensation & other		Legal, acquisition and divestiture -related(2)		Cost optimization plan		Product end of life adjustment		Non-GAAP
Revenue	$	150.9	$	—	$	—	$	—	$	—	$	150.9
Gross Profit	66.2		0.2		—		—		0.2		66.5
Gross Profit Margin	43.9%										44.1%
Operating expenses	70.1		(13.2)		(1.1)		(1.5)		—		54.3
Operating income (loss)	(3.8)		13.4		1.1		1.5		0.2		12.3
Interest and other income (expense), net	(1.8)		—		1.1		—		—		(0.7)
Net income (loss)	(6.2)		13.4		2.7		1.5		0.2		11.5
Net income (loss) EPS - basic	(0.05)		0.11		0.02		0.01		—		0.09
Net income (loss) EPS - diluted	$	(0.05)	$	0.10	$	0.02	$	0.01	$	—	$	0.09
Weighted Average Shares - basic	124,874										124,874
Weighted Average Shares - diluted	127,884										127,884

(1)Amounts in table may not foot due to rounding

(2)Legal Acquisition and divestiture includes $.5 million of income tax provision related to divestitures for the three months Ended December 31, 2021.

	Year Ended December 31,(1)
(in millions)	2021										2021
	GAAP		Amortization, stock-based compensation & other		Legal, acquisition and divestiture -related(2)		Cost optimization plan		Product end of life adjustment		Non-GAAP
Revenue	$	615.6	$	—	$	—	$	—	$	—	$	615.6
Gross Profit	263.8		0.5		—		—		0.2		264.5
Gross Profit Margin	42.8%										43.0%
Operating expenses	296.8		(64.4)		(16.3)		(1.4)		—		214.7
Operating income (loss)	(33.1)		64.9		16.3		1.5		0.2		49.8
Interest and other income (expense), net	352.6		—		(353.8)		—		—		(1.3)
Net income (loss)	322.1		64.9		(331.9)		1.5		0.2		56.6
Net income EPS - basic	2.62		0.53		(2.70)		0.01		—		0.46
Net income EPS - diluted	$	2.55	$	0.51	$	(2.63)	$	0.01	$	—	$	0.45
Weighted Average Shares - basic	122,867										122,867
Weighted Average Shares - diluted	126,334										126,334

(1)Amounts in table may not foot due to rounding

(2)Legal Acquisition and divestiture includes $5.6 million of income tax provision related to divestitures for the twelve months Ended December 31, 2021.

3D Systems Corporation

Unaudited Reconciliations of GAAP to Non-GAAP Measures

Quarter and Year Ended December 31, 2020

	Quarter Ended December 31,(1)
(in millions)	2020															2020
	GAAP			Amortization, stock-based compensation & other		Legal, acquisition and divestiture -related (1)		Cost optimization plan		Impairment of cost-method investments		Product end of life adjustment		Goodwill impairment		Non-GAAP
Revenue	$	172.7		$	—	$	—	$	—	$	—	$	—	$	—	$	172.7
Gross Profit	72.4			0.1		0.1		1.5		—		—		—		74.1
Gross Profit Margin	42.0		%													42.9		%
Operating expenses	71.7			(4.0)		(3.7)		(6.0)		—		—		—		58.0
Operating income (loss)	0.7			4.1		3.8		7.6		—		—		—		16.1
Interest and other income (expense), net	(16.8)			1.0		14.0		—		—		—				(1.8)
Net income (loss)	(19.8)			5.1		17.8		7.6		—		—		—		10.6
Net income (loss) EPS - basic	(0.16)			0.04		0.15		0.06		—		—		—		0.09
Net income (loss) EPS - diluted	$	(0.16)		$	0.04	$	0.15	$	0.06	$	—	$	—	$	—	$	0.09
Weighted Average Shares - basic	121,638															121,638
Weighted Average Shares - diluted	121,638															121,638

(1)Amounts in table may not foot due to rounding

	Year Ended December 31,(1)
(in millions)	2020															2020
	GAAP			Amortization, stock-based compensation & other		Legal, acquisition and divestiture -related (1)		Cost optimization plan		Impairment of cost-method investments		Product end of life adjustment		Goodwill impairment		Non-GAAP
Revenue	$	557.2		$	—	$	—	$	—	$	—	$	—	$	—	$	557.2
Gross Profit	223.4			0.4		0.4		2.2		—		10.9		—		237.2
Gross Profit Margin	40.1		%													42.6		%
Operating expenses	342.3			(33.0)		(4.1)		(20.0)		—		—		(48.3)		236.9
Operating income (loss)	(119.0)			33.4		4.5		22.3		—		10.9		48.3		0.3
Interest and other income (expense), net	(24.4)			1.0		14.1		—		2.2		—		—		(7.2)
Net income (loss)	(149.6)			34.4		18.6		22.3		2.2		10.9		48.3		(13.1)
Net (loss) EPS - basic	(1.27)			0.29		0.16		0.19		0.02		0.09		0.41		(0.11)
Net (loss) EPS - diluted	$	(1.27)		$	0.29	$	0.16	$	0.19	$	0.02	$	0.09	$	0.41	$	(0.11)
Weighted Average Shares - basic	117,579															117,579
Weighted Average Shares - diluted	117,579															117,579

(1)Amounts in table may not foot due to rounding

3D Systems Corporation

Non-GAAP Operating Income to Adjusted EBITDA Reconciliation

Quarter and Year Ended December 31, 2021 and 2020

	Quarter Ended December 31,(1)						Year Ended December 31,(1)
	2021			2020			2021			2020
Revenue	$	150.9		$	172.7		$	615.6		$	557.2
Non-GAAP Operating Income	12.3			16.1			49.8			0.3
Depreciation	5.6			6.8			24.3			28.4
Adjusted EBITDA	$	17.9		$	22.9		$	74.1		$	28.7
Adjusted EBITDA Margin	11.8		%	13.3		%	12.0		%	5.2		%

(1)Amounts in table may not foot due to rounding

3D Systems Corporation

Unaudited Reconciliation of Prior Years Revenue Excluding Divestitures (non-GAAP)

2019, 2020 and 2021 by Quarter

	2019
	Quarter Ended(1)
(in millions)	March 31		June 30		September 30		December 31		Total
Revenue
Healthcare	$	56.7	$	63.2	$	61.4	$	63.3	$	244.5
Industrial	96.6		95.4		94.9		105.0		391.9
Total Revenue	$	153.3	$	158.6	$	156.2	$	168.2	$	636.3
Revenue From Divestitures:
Healthcare	$	11.6	$	12.4	$	14.1	$	15.1	$	53.2
Industrial	29.1		30.2		29.4		29.4		118.1
Total Revenue	$	40.7	$	42.6	$	43.5	$	44.5	$	171.1
Total Revenue (Excl. Divest.):
Healthcare	$	45.1	$	50.8	$	47.3	$	48.2	$	191.3
Industrial	67.5		65.2		65.5		75.6		273.8
Total Revenue (Excl. Divest.):	$	112.6	$	116.0	$	112.7	$	123.8	$	465.1

(1)Amounts in table may not foot due to rounding

	2020
	Quarter Ended(1)
(in millions)	March 31		June 30		September 30		December 31		Total
Revenue
Healthcare	$	52.3	$	49.1	$	59.5	$	85.5	$	246.4
Industrial	83.3		63.6		76.7		87.1		310.8
Total Revenue	$	135.6	$	112.8	$	136.2	$	172.7	$	557.2
Revenue From Divestitures:
Healthcare	$	12.2	$	11.7	$	11.9	$	14.6	$	50.5
Industrial	24.8		21.1		23.6		24.6		94.1
Total Revenue	$	37.0	$	32.8	$	35.5	$	39.2	$	144.6
Total Revenue (Excl. Divest.):
Healthcare	$40.1		$37.4		$47.6		$70.9		$	195.9
Industrial	58.6		42.6		53.1		62.5		216.7
Total Revenue (Excl. Divest.):	$	98.6	$	80.0	$	100.6	$	133.4	$	412.6

(1)Amounts in table may not foot due to rounding

3D Systems Corporation

Unaudited Reconciliation of Prior Years Revenue Excluding Divestitures (non-GAAP)

2019, 2020 and 2021 by Quarter

	2021
	Quarter Ended(1)
(in millions)	March 31		June 30		September 30		December 31(a)		Total
Revenue
Healthcare	$72.5		$82.8		$76.4		$74.5		306.2
Industrial	73.6		79.7		79.7		76.4		309.4
Total Revenue	$	146.1	$	162.6	$	156.1	$	150.9	$	615.6
Revenue From Divestitures:
Healthcare	$11.0		$13.1		$7.7		$0.0		31.8
Industrial	14.2		13.9		11.8		0		39.9
Total Revenue	$	25.2	$	27.0	$	19.4	$	—	$	71.6
Total Revenue (Excl. Divest.):
Healthcare	$	61.5	$	69.7	$	68.7	$	74.5	274.4
Industrial	59.4		65.8		68.0		76.4		269.5
Total Revenue (Excl. Divest.):	$	120.9	$	135.5	$	136.7	$	150.9	$	543.9

(1)Amounts in table may not foot due to rounding

(a)No impact from divestitures in Q4-21

EX-99.2

©2021 3D Systems, Inc. | All Rights Reserved. Fourth Quarter and Full Year 2021 Financial Results February 28, 2022 EXHIBIT 99.2

©2021 3D Systems, Inc. | All Rights Reserved.2 Welcome and Participants Dr. Jeffrey Graves President and Chief Executive Officer Jagtar Narula Executive VP and Chief Financial Officer Andrew Johnson Executive VP and Chief Legal Officer John Nypaver, Jr. VP, Treasurer and Investor Relations To participate via phone, please dial: 1-201-689-8345

©2021 3D Systems, Inc. | All Rights Reserved. Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward- looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law. Further, we encourage you to review “Risk Factors” in Part 1 of our Annual Report on Form 10-K and Part II of our Quarterly Reports on Form 10-Q filed with the SEC as well as other information about us in our filings with the SEC. These are available at www.SEC.gov. 3 Forward Looking Statements

©2021 3D Systems, Inc. | All Rights Reserved. Dr. Jeffrey Graves President & Chief Executive Officer 4

©2021 3D Systems, Inc. | All Rights Reserved.5 2021 Highlights • Financial performance outperformed 2020 and pre-pandemic 2019 in adjusted EBITDA, operating profit, earnings per share, revenue adjusted for divestitures and cash from operations • Completed the divestment of non-core assets, resulting in over $400 million in proceeds and completed convertible bond offering, raising $460 million of addition funds • Added key talent with new CTO for Advanced Manufacturing and a new Chief Scientist, as well as many new engineers and other professionals • Invested organically, releasing the new SLS 380, the DMP Flex 200, and the dual-laser DMP350 Dual, as well as introducing a company-best number of new materials • Strategically invested a portion of the proceeds to acquire critical software assets via the Oqton and Additive Works acquisitions, and to acquire leading regenerative medicine businesses in Volumetric and Allevi • Positioned for additional growth initiatives by ending the year with nearly $800 million in cash

©2021 3D Systems, Inc. | All Rights Reserved.6 3D Systems – High Performing, Additive Focused $616M 2021 FY Revenue 32% / 17% YoY Revenue Growth vs 2020 and 20191 700K+ Parts Manufactured Daily Hundreds of customers with fleets of 3D System printers 130+ Materials Across Wide-Range of Hardware Options 1,800+ Employees supporting customers in 68 countries 1Figures exclude revenue from divested units in all periods • Full-service provider, combining hardware, materials, software, and applications expertise to deliver additive manufacturing (AM) solutions to customers • Broad portfolio of AM hardware technologies spanning polymers, metals, and bioprinters • Materials that address a number of needs such as precision finish characteristics, flame retardancy, and tough environmental challenges • Global footprint that includes customer innovation centers, application engineers, AM facilities, and service teams • Scale and financial profile positions us as preferred partner to companies making significant, long-term investments in AM

©2021 3D Systems, Inc. | All Rights Reserved. • Market leader in pellet-based polymer extrusion 3D printing technology • The only manufacturer offering hybrid tool head configurations providing the flexibility to choose the best format to meet the customers’ application need • Addresses critical customer applications requiring large build volumes, superior performance, and improved productivity at significantly lower cost • Wide choice of material options ensures the ideal material for unique applications while realizing potential cost savings of up to 75% • Serving the Industrial market segment • Used in orthopedic applications in healthcare utilizing PEEK material which has properties that lend it to many medical applications, including many implant applications • The technology will drive growth in our existing product lines of craniomaxillofacial and spinal cages, while developing the market in bone plates for trauma • Expands our Virtual Surgical Planning (VSP) portfolio to include PEEK implant manufacturing • Opportunity to grow the trauma point-of-care market segment • Serving the Healthcare market segment Investing for Growth Introducing Extrusion Technology to the 3D Systems Lineup

©2021 3D Systems, Inc. | All Rights Reserved.8 Looking Ahead to 2022 • Maintain the most complete portfolio of AM solutions in the industry • Expect to refresh our entire lineup of hardware technologies over the next 18 months while continuing to release new materials and making substantive and identifiable progress in our regenerative medicine strategy • Remain nimble, execute growth initiatives, introduce new products and enhancements on a continuous basis • Drive year-over-year double-digit organic growth • Utilize strong capital structure that includes nearly $800 million of cash and positive cash flow to fund growth and expand organic opportunities

©2021 3D Systems, Inc. | All Rights Reserved. Jagtar Narula Executive VP & Chief Financial Officer 9

©2021 3D Systems, Inc. | All Rights Reserved.10 Q4 and Full Year Summary * See Appendix for reconciliation of GAAP and non-GAAP operating loss, net loss and net loss per share. HIGHLIGHTS Q4 Revenue increased 13.1% vs. Q4:20, 10.4% vs. Q3:21, and 21.9% vs. Q4:19, adjusted for divestitures Fifth consecutive quarter of profitability (on a non-GAAP basis) FY adjusted EBITDA more than doubled from 2020 Fourth Quarter Year Ended 2021 2020 2021 2020 REVENUE $150.9 $172.7 $615.6 $557.2 OPERATING LOSS ($3.8) $0.7 ($33.1) ($119.0) NET INCOME (LOSS) ($6.2) ($19.8) $322.1 ($149.6) INCOME (LOSS) PER SHARE - BASIC ($0.05) ($0.16) $2.62 ($1.27) INCOME (LOSS) PER SHARE - DILUTED ($0.05) ($0.16) $2.55 ($1.27) NON-GAAP OPERATING INCOME $12.3 $16.1 $49.8 $0.3 NON-GAAP NET INCOME (LOSS) $11.5 $10.6 $56.6 ($13.1) NON-GAAP NET INCOME (LOSS) PER SHARE - BASIC $0.09 $0.09 $0.46 ($0.11) NON-GAAP NET INCOME (LOSS) PER SHARE - DILUTED $0.09 $0.09 $0.45 ($0.11) ADJUSTED EBITDA $17.9 $22.9 $74.1 $28.7

©2021 3D Systems, Inc. | All Rights Reserved.11 Revenue by Market (Adjusted for Divestitures) $ in millions $70.9 $74.5 Q4 2020 Q4 2021 Healthcare Revenue Q4 YoY +5.1% Broad based growth including dental, personalized healthcare, point-of-care Fourth consecutive quarter of year-over- year growth $195.9 $274.4 2020 2021 FY YoY +40.1% $62.5 $76.4 Q4 2020 Q4 2021 Industrial Revenue Q4 YoY $216.7 $269.5 2020 2021 FY YoY +22.2% +24.4%

©2021 3D Systems, Inc. | All Rights Reserved.12 Gross Profit Margin • Full-year non-GAAP gross margin was 43.0% • Gross margin increased due better absorption of supply chain overhead due to higher revenue and less inventory obsolescence See appendix for a reconciliation of non-GAAP gross profit. 43% 44% 42% 42% 44% 30% 35% 40% 45% 50% Q4:20 Q1:21 Q2:21 Q3:21 Q4:21 Non-GAAP GPM 42% 44% 42% 41% 44% 30% 35% 40% 45% 50% Q4:20 Q1:21 Q2:21 Q3:21 Q4:21 GAAP GPM

©2021 3D Systems, Inc. | All Rights Reserved.13 Operating Expenses $71.7 $66.2 $79.1 $81.5 $70.1 $0 $20 $40 $60 $80 $100 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 $ in m illi on s GAAP R&D SG&A $58.0 $51.2 $55.2 $54.1 $54.3 $0 $20 $40 $60 $80 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 $ in m illi on s Non-GAAP R&D SG&A Fourth Quarter Non-GAAP operating expenses decreased 6.4% compared to the prior year due to lower SG&A expenses as a result of restructuring efforts and divestitures See appendix for a reconciliation of non-GAAP operating expenses.

©2021 3D Systems, Inc. | All Rights Reserved.14 13.3% 13.6% 12.4% 10.5% 11.8% 0.0% 5.0% 10.0% 15.0% 20.0% Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Adjusted EBITDA Margin Defined as non-GAAP Operating Income plus Depreciation divided by Revenue See appendix for a reconciliation of Non-GAAP Operating Income and Adjusted EBITDA. 5.2% 12.0% 0.0% 5.0% 10.0% 15.0% 2020 2021 By Quarter Full-Year

©2021 3D Systems, Inc. | All Rights Reserved.15 Strong Balance Sheet and Cash Generation • Generated $48.1 million of cash from operations during 2021 • $789.7 million of cash and cash equivalents to support inorganic growth opportunities • Net cash position (cash less debt) of $329.7 million allows room for significant investment while maintaining a stable capital structure • Putting cash to work with acquisition of Titan Robotics and Kumovis; expected to be accretive to earnings in 2023

©2021 3D Systems, Inc. | All Rights Reserved. 16 2022 Outlook Non-GAAP Operating Expenses between $225 million and $250 million Increasing additive manufacturing opportunity driving demand Revenue between $570 million and $630 million Non-GAAP Gross Margins between 40% and 44% Focus on growing high-margin recurring revenue streams and operational execution Investing in talent, hardware, materials, and software platforms to expand market leadership

©2021 3D Systems, Inc. | All Rights Reserved. ©2021 3D Systems, Inc. | All Rights Reserved. INVESTOR DAY May 16, 2022 Detroit, Michigan Prior to Rapid +TCT Trade Show Invitations coming soon Contact John Nypaver – Investor Relations investor.relations@3dsystems.com

©2021 3D Systems, Inc. | All Rights Reserved.18 Q&A Session 1-201-689-8345

©2021 3D Systems, Inc. | All Rights Reserved.19 Thank You Find out more at: www.3dsystems.com

©2021 3D Systems, Inc. | All Rights Reserved. Appendix

©2021 3D Systems, Inc. | All Rights Reserved.21 Presentation of Information 3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: non-GAAP revenue, non-GAAP Gross profit, non-GAAP Gross profit margin, non-GAAP Operating expenses, non-GAAP Operating (loss)/income, non-GAAP Interest and other income/(expense), net, non-GAAP Net income (loss), non-GAAP Basic and Diluted Income (Loss) per Share, adjusted EBITDA and adjusted EBITDA Margin. These non-GAAP measures exclude certain special items that management does not view as part of 3D Systems’ underlying results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide a more meaningful comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems’ non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated the same as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP. To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items: • amortization of intangible assets, a non-cash expense, as 3D Systems’ intangible assets were primarily acquired in connection with business combinations; • costs incurred in connection with acquisitions and divestitures, such as legal, consulting and advisory fees; • stock-based compensation expenses, a non-cash expense; • restructuring charges (cost optimization plans), impairment charges, including goodwill, divestiture gains or losses, and severance charges pertaining to senior level employees; • certain compensation expense related to the 2021 Volumetric acquisition; and • revenue from divestitures included in current and comparable periods necessary to calculate revenue growth excluding the impact of divestitures

©2021 3D Systems, Inc. | All Rights Reserved.22 Presentation of Information (continued) Amortization of intangibles, acquisition and divestiture related costs are excluded from non-GAAP measures as the timing and magnitude of business combination transactions are not predictable, can vary significantly from period to period and the purchase price allocated to amortizable intangible assets and the related amortization period are unique to each acquisition. Amortization of intangible assets will recur in future periods until such intangible assets have been fully amortized. While intangible assets contribute to the Company’s revenue generation, the amortization of intangible assets does not directly relate to the sale of the Company’s products or services. Additionally, intangible asset amortization expense typically fluctuates based on the size and timing of the Company’s acquisition activity. Accordingly, the Company believes excluding the amortization of intangible assets enhances the Company’s and investors’ ability to compare the Company’s past financial performance with its current performance and to analyze underlying business performance and trends. Although stock-based compensation is a key incentive offered to certain of our employees, we continue to evaluate our business performance excluding stock-based compensation; therefore, it is excluded from non-GAAP measures. Stock-based compensation expenses will recur in future periods. Restructuring charges (cost optimization plans), impairment charges, including goodwill, divestiture gains or losses, and severance charges pertaining to senior level employees, are excluded from non-GAAP measures as the frequency and magnitude of these activities may vary widely from period to period. Additionally, impairment charges, including goodwill, are non-cash. Furthermore, 3D Systems excludes contingent consideration recorded as compensation expense related to the 2021 Volumetric acquisition from non-GAAP measures as management evaluates financial performance excluding this expense, which is viewed by management as similar to acquisition consideration. The matters discussed above are tax effected, as applicable, in calculating non-GAAP net income and basic and diluted earnings per share. Adjusted EBITDA, defined as net income, plus income tax (provision)/benefit, interest and other income/(expense), net, stock-based compensation expense, amortization of intangibles, depreciation expense and other non-recurring and/or non-cash items all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period. A reconciliation of GAAP to non-GAAP financial measures is provided in the accompanying schedules. 3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The company is unable to provide a quantitative reconciliation of forward-looking non-GAAP gross margins and non-GAAP operating expenses to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including legal, acquisition expenses, stock-compensation expense, intangible amortization expense, restructuring expenses, and goodwill impairment, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially.

©2021 3D Systems, Inc. | All Rights Reserved. Non-GAAP Reconciliation – Quarter Ended Dec 31, 2021 (Unaudited) 23

©2021 3D Systems, Inc. | All Rights Reserved. Non-GAAP Reconciliation – Year Ended Dec 31, 2021 (Unaudited) 24

©2021 3D Systems, Inc. | All Rights Reserved. Non-GAAP Reconciliation – Quarter Ended Dec 31, 2020 (Unaudited) 25

©2021 3D Systems, Inc. | All Rights Reserved. Non-GAAP Reconciliation – Year Ended Dec 31, 2020 (Unaudited) 26

©2021 3D Systems, Inc. | All Rights Reserved. Non-GAAP Operating Income to Adjusted EBITDA Reconciliation 27

©2021 3D Systems, Inc. | All Rights Reserved. Revenue Adjusted for Divestitures (Unaudited) 28 2019

©2021 3D Systems, Inc. | All Rights Reserved. Revenue Adjusted for Divestitures (Unaudited) 29 2020

©2021 3D Systems, Inc. | All Rights Reserved. Revenue Adjusted for Divestitures (Unaudited) 30 2021

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Document and Entity Information Document	Feb. 28, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	Feb. 28, 2022
Entity Registrant Name	3D SYSTEMS CORP
Entity Central Index Key	0000910638
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity File Number	001-34220
Entity Tax Identification Number	95-4431352
Entity Address, Address Line One	333 Three D Systems Circle
Entity Address, City or Town	Rock Hill
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29730
City Area Code	803
Local Phone Number	326-3900
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, $0.001 per share
Trading Symbol	DDD
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Document Information [Line Items]
Document Period End Date	Feb. 28, 2022