Exhibit 12.1
The ExOne Company
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| Year Ended December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Loss before income taxes | $ | (21,684 | ) | $ | (5,947 | ) | $ | (8,693 | ) | $ | (6,586 | ) | $ | (4,982 | ) | |||||
Fixed charges added to earnings | 471 | 729 | 1,170 | 1,922 | 1,396 | |||||||||||||||
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Total earnings | $ | (21,213 | ) | $ | (5,218 | ) | $ | (7,523 | ) | $ | (4,664 | ) | $ | (3,586 | ) | |||||
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Fixed charges | ||||||||||||||||||||
Interest expense | $ | 144 | $ | 372 | $ | 842 | $ | 1,570 | $ | 1,114 | ||||||||||
Amount representative of the interest factor in rents | 327 | 357 | 328 | 352 | 282 | |||||||||||||||
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Fixed charges added to earnings | 471 | 729 | 1,170 | 1,922 | 1,396 | |||||||||||||||
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Ratio of earnings to fixed charges | (A | ) | (A | ) | (A | ) | (A | ) | (A | ) | ||||||||||
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| (A) | A deficiency of earnings to cover fixed charges of $21,684, $5,947, $8,693, $6,586 and $4,982 exists for 2014, 2013, 2012, 2011 and 2010, respectively. |
