Exhibit 12.1
The ExOne Company
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| Six Months Ended June 30, | Year Ended December 31, | |||||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Loss before income taxes | $ | (8,401 | ) | $ | (26,038 | ) | $ | (21,684 | ) | $ | (5,947 | ) | $ | (8,693 | ) | $ | (6,586 | ) | ||||||
Fixed charges added to earnings | 433 | 292 | 471 | 729 | 1,170 | 1,922 | ||||||||||||||||||
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Total earnings | $ | (7,968 | ) | $ | (25,746 | ) | $ | (21,213 | ) | $ | (5,218 | ) | $ | (7,523 | ) | $ | (4,664 | ) | ||||||
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Fixed charges | ||||||||||||||||||||||||
Interest expense | $ | 254 | $ | 152 | $ | 144 | $ | 372 | $ | 842 | $ | 1,570 | ||||||||||||
Amount representative of the interest factor in rents | 179 | 140 | 327 | 357 | 328 | 352 | ||||||||||||||||||
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Fixed charges added to earnings | $ | 433 | $ | 292 | $ | 471 | $ | 729 | $ | 1,170 | $ | 1,922 | ||||||||||||
Ratio of earnings to fixed charges | (A) | (A) | (A) | (A) | (A) | (A) | ||||||||||||||||||
| (A) | A deficiency of earnings to cover fixed charges of $8,401, $26,038, $21,684, $5,947, $8,693 and $6,586 exists for the six months ended June 30, 2016 and the years ended December 31, 2015, 2014, 2013, 2012 and 2011, respectively. |
