(2) Includes $1.1 million and $3.2 million of liability-award stock-based compensation expense for the three and nine months ended September 30, 2022, respectively.
DESKTOP METAL, INC. ADJUSTED EBITDA RECONCILIATION TABLE (in thousands) |
||||||||||||||||
|
|
For the Three Months Ended |
|
For the Nine Months Ended |
||||||||||||
|
|
September 30, |
|
September 30, |
||||||||||||
(Dollars in thousands) |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
||||||||
Net loss attributable to common stockholders |
|
$ |
(60,774 |
) |
|
$ |
(66,879 |
) |
|
$ |
(427,990 |
) |
|
$ |
(169,167 |
) |
Interest (income) expense, net |
|
|
680 |
|
|
|
(104 |
) |
|
|
1,281 |
|
|
|
(286 |
) |
Income tax expense (benefit) |
|
|
598 |
|
|
|
(523 |
) |
|
|
(1,602 |
) |
|
|
(32,761 |
) |
Depreciation and amortization |
|
|
12,692 |
|
|
|
6,488 |
|
|
|
38,294 |
|
|
|
15,576 |
|
| In-process research and development assets acquired |
|
|
— |
|
|
|
15,181 |
|
|
|
— |
|
|
|
25,581 |
|
| EBITDA |
|
|
(46,804 |
) |
|
|
(45,837 |
) |
|
|
(390,017 |
) |
|
|
(161,057 |
) |
| Change in fair value of warrant liability |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
56,576 |
|
| Change in fair value of investments |
|
|
2,052 |
|
|
|
4,204 |
|
|
|
8,493 |
|
|
|
4,186 |
|
| Inventory step-up adjustment |
|
|
— |
|
|
|
— |
|
|
|
1,496 |
|
|
|
— |
|
| Stock-based compensation expense (1),(2) |
|
|
12,040 |
|
|
|
9,951 |
|
|
|
41,170 |
|
|
|
16,167 |
|
| Restructuring expense |
|
|
3,085 |
|
|
|
— |
|
|
|
5,469 |
|
|
|
— |
|
| Goodwill impairment |
|
|
— |
|
|
|
— |
|
|
|
229,500 |
|
|
|
— |
|
| Acquisition-related and other transactional charges |
|
|
1,476 |
|
|
|
5,675 |
|
|
|
6,633 |
|
|
|
13,786 |
|
| Adjusted EBITDA |
|
$ |
(28,151 |
) |
|
$ |
(26,007 |
) |
|
$ |
(97,256 |
) |
|
$ |
(70,342 |
) |
