Exhibit 12.1
The ExOne Company
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| Year Ended December 31, | ||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Loss before income taxes | $ | (19,979 | ) | $ | (14,531 | ) | $ | (26,038 | ) | $ | (21,684 | ) | $ | (5,947 | ) | |||||
Fixed charges added to earnings | 213 | 410 | 292 | 471 | 729 | |||||||||||||||
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Total earnings | $ | (19,766 | ) | $ | (14,121 | ) | $ | (25,746 | ) | $ | (21,213 | ) | $ | (5,218 | ) | |||||
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Fixed charges | ||||||||||||||||||||
Interest expense | $ | 94 | $ | 298 | $ | 152 | $ | 144 | $ | 372 | ||||||||||
Amount representative of the interest factor in rents | 119 | 112 | 140 | 327 | 357 | |||||||||||||||
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Fixed charges added to earnings | $ | 213 | $ | 410 | $ | 292 | $ | 471 | $ | 729 | ||||||||||
Ratio of earnings to fixed charges | (A | ) | (A | ) | (A | ) | (A | ) | (A | ) | ||||||||||
| (A) | A deficiency of earnings to cover fixed charges of $19,979, $14,531, $26,038, $21,684 and $5,947 exists for the years ended December 31, 2017, 2016, 2015, 2014 and 2013, respectively. |
