3D SYSTEMS CORP

Information regarding risk factors appears in "Management's Discussion and Analysis of Financial Condition and Results of Operations - Information Relating to Forward Looking Statements," in Part I - Item 2 of this Form 10-Q and in "Risk Factors" in Part I - Item 1A of our 2024 Annual Report on Form 10-K. Except as set forth below, there were no material changes during the three months ended March 31, 2025 to the risk factors reported in our 2024 Annual Report on Form 10-K.

The U.S. has instituted or proposed changes in trade policies that include the imposition of higher tariffs on imports into the U.S. affecting trade between the U.S. and other countries where we conduct our business, such as China and certain European countries. The new tariffs and other changes in U.S. trade policy have and could continue to trigger retaliatory actions by affected countries, and foreign governments have imposed or are considering imposing trade sanctions on certain U.S. goods. Such actions have the potential to adversely impact the U.S. economy, our industry and the global demand for certain products, and as a result, could have a negative impact on our business, financial condition and results of operations.

Additionally, if the U.S. continues to affect changes to U.S. trade policy and impose such tariffs, this may cause supply chain disruptions and could further increase our costs. We may increase our sales prices in order to pass these increased costs to our customers, and our customers may, in turn, reduce their orders from us, which could negatively affect our business, profitability and operating results. While we are closely monitoring these developments and evaluating strategies to mitigate potential impacts, we may not be able to successfully mitigate the adverse impacts of these actions on our business and results of operations on a timely basis or at all.