(UNAUDITED)
(in thousands)
|
|
|
|
|
|
|
|
|
Three Months Ended |
||||
|
|
March 31, |
||||
|
|
2023 |
|
2022 |
||
Net loss |
|
$ |
(52,642) |
|
$ |
(69,944) |
Other comprehensive (loss) income, net of taxes: |
|
|
|
|
|
|
Unrealized gain (loss) on available-for-sale marketable securities, net |
|
|
189 |
|
|
12 |
Foreign currency translation adjustment |
|
|
1,549 |
|
|
(11,047) |
Total comprehensive (loss) income, net of taxes of $0 |
|
$ |
(50,904) |
|
$ |
(80,979) |
DESKTOP METAL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(UNAUDITED)
(in thousands, except share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2023 |
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
Common Stock |
|
Additional |
|
|
|
|
Comprehensive |
|
Total |
||||||
|
|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
|||||||
|
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
|||||
| BALANCE—January 1, 2023 |
|
318,133,434 |
|
$ |
32 |
|
$ |
1,874,792 |
|
$ |
(1,308,954) |
|
$ |
(38,368) |
|
$ |
527,502 |
| Exercise of Common Stock options |
|
495,876 |
|
|
— |
|
|
597 |
|
|
— |
|
|
— |
|
|
597 |
| Vesting of restricted Common Stock |
|
25,375 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Vesting of restricted stock units |
|
1,808,422 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Repurchase of shares for employee tax withholdings |
|
(61,718) |
|
|
— |
|
|
(99) |
|
|
— |
|
|
— |
|
|
(99) |
| Stock‑based compensation expense |
|
— |
|
|
— |
|
|
8,474 |
|
|
— |
|
|
— |
|
|
8,474 |
| Net loss |
|
— |
|
|
— |
|
|
— |
|
|
(52,642) |
|
|
— |
|
|
(52,642) |
| Other comprehensive income (loss) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,738 |
|
|
1,738 |
| BALANCE—March 31, 2023 |
|
320,401,389 |
|
$ |
32 |
|
$ |
1,883,764 |
|
$ |
(1,361,596) |
|
$ |
(36,630) |
|
$ |
485,570 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2022 |
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
Common Stock |
|
Additional |
|
|
|
|
Comprehensive |
|
Total |
||||||
|
|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
|||||||
|
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
|||||
| BALANCE—January 1, 2022 |
|
311,473,950 |
|
$ |
31 |
|
$ |
1,823,344 |
|
$ |
(568,611) |
|
$ |
(6,414) |
|
$ |
1,248,350 |
| Exercise of Common Stock options |
|
786,693 |
|
|
— |
|
|
900 |
|
|
— |
|
|
— |
|
|
900 |
| Vesting of restricted Common Stock |
|
84,384 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Vesting of restricted stock units |
|
520,265 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Repurchase of shares for employee tax withholdings |
|
(39,720) |
|
|
— |
|
|
(158) |
|
|
— |
|
|
— |
|
|
(158) |
| Stock‑based compensation expense |
|
— |
|
|
— |
|
|
9,912 |
|
|
— |
|
|
— |
|
|
9,912 |
| Net loss |
|
— |
|
|
— |
|
|
— |
|
|
(69,944) |
|
|
— |
|
|
(69,944) |
| Other comprehensive income (loss) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(11,035) |
|
|
(11,035) |
| BALANCE—March 31, 2022 |
|
312,825,572 |
|
$ |
31 |
|
$ |
1,833,998 |
|
$ |
(638,555) |
|
$ |
(17,449) |
|
$ |
1,178,025 |
DESKTOP METAL, INC.
