·
DESKTOP METAL, INC.
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Three Months Ended June 30, 2024 |
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Accumulated |
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Other |
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Common Stock |
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Additional |
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Comprehensive |
|
Total |
|||||||||||
|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
||||||||||||
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
||||||||||
BALANCE— April 1, 2024 |
|
32,970,519 |
|
|
$ |
4 |
|
$ |
1,917,535 |
|
|
$ |
(1,684,323 |
) |
|
$ |
(35,878 |
) |
|
$ |
197,338 |
|
| Fractional shares redeemed for cash in lieu of reverse stock split |
|
(1,338 |
) |
|
|
— |
|
|
(7 |
) |
|
|
— |
|
|
|
— |
|
|
|
(7 |
) |
| Vesting of restricted stock units |
|
234,110 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Repurchase of shares for employee tax withholdings |
|
(6,586 |
) |
|
|
— |
|
|
(47 |
) |
|
|
— |
|
|
|
— |
|
|
|
(47 |
) |
| Stock‑based compensation expense |
|
— |
|
|
|
— |
|
|
6,497 |
|
|
|
— |
|
|
|
— |
|
|
|
6,497 |
|
| Net loss |
|
— |
|
|
|
— |
|
|
— |
|
|
|
(103,440 |
) |
|
|
— |
|
|
|
(103,440 |
) |
| Other comprehensive loss |
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
(500 |
) |
|
|
(500 |
) |
| BALANCE—June 30, 2024 |
|
33,196,705 |
|
|
$ |
4 |
|
$ |
1,923,978 |
|
|
$ |
(1,787,763 |
) |
|
$ |
(36,378 |
) |
|
$ |
99,841 |
|
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Six Months Ended June 30, 2024 |
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Accumulated |
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Other |
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|
||||||
|
|
|
Common Stock |
|
Additional |
|
|
|
|
Comprehensive |
|
Total |
|||||||||||
|
|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
||||||||||||
|
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
||||||||||
| BALANCE—January 1, 2024 |
|
32,527,167 |
|
|
$ |
4 |
|
$ |
1,908,533 |
|
|
$ |
(1,632,225 |
) |
|
$ |
(34,660 |
) |
|
$ |
241,652 |
|
| Fractional shares redeemed for cash in lieu of reverse stock split |
|
(1,338 |
) |
|
|
— |
|
|
(7 |
) |
|
|
— |
|
|
|
— |
|
|
|
(7 |
) |
| Vesting of restricted Common Stock |
|
574 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Vesting of restricted stock units |
|
730,477 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Repurchase of shares for employee tax withholdings |
|
(60,175 |
) |
|
|
— |
|
|
(375 |
) |
|
|
— |
|
|
|
— |
|
|
|
(375 |
) |
| Issuance of common stock related to share-based liability awards |
|
— |
|
|
|
— |
|
|
1,997 |
|
|
|
— |
|
|
|
— |
|
|
|
1,997 |
|
| Stock‑based compensation expense |
|
— |
|
|
|
— |
|
|
13,830 |
|
|
|
— |
|
|
|
— |
|
|
|
13,830 |
|
| Net loss |
|
— |
|
|
|
— |
|
|
— |
|
|
|
(155,538 |
) |
|
|
— |
|
|
|
(155,538 |
) |
| Other comprehensive loss |
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
(1,718 |
) |
|
|
(1,718 |
) |
| BALANCE—June 30, 2024 |
|
33,196,705 |
|
|
$ |
4 |
|
$ |
1,923,978 |
|
|
$ |
(1,787,763 |
) |
|
$ |
(36,378 |
) |
|
$ |
99,841 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
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|
Three Months Ended June 30, 2023 |
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|
|
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|
|
|
|
Accumulated |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
||||||
|
|
|
Common Stock |
|
Additional |
|
|
|
|
Comprehensive |
|
Total |
|||||||||||
|
|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
||||||||||||
|
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
||||||||||
| BALANCE—April 1, 2023 |
|
32,040,139 |
|
|
$ |
3 |
|
$ |
1,883,793 |
|
|
$ |
(1,361,595 |
) |
|
$ |
(36,630 |
) |
|
$ |
485,571 |
|
| Exercise of Common Stock options |
|
47,223 |
|
|
|
— |
|
|
560 |
|
|
|
— |
|
|
|
— |
|
|
|
560 |
|
| Vesting of restricted Common Stock |
|
5,021 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Vesting of restricted stock units |
|
126,662 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Repurchase of shares for employee tax withholdings |
|
(505 |
) |
|
|
— |
|
|
(11 |
) |
|
|
— |
|
|
|
— |
|
|
|
(11 |
) |
| Issuance of Common Stock related to settlement of contingent consideration |
|
44,479 |
|
|
|
— |
|
|
797 |
|
|
|
— |
|
|
|
— |
|
|
|
797 |
|
| Stock‑based compensation expense |
|
— |
|
|
|
— |
|
|
8,438 |
|
|
|
— |
|
|
|
— |
|
|
|
8,438 |
|
| Net loss |
|
— |
|
|
|
— |
|
|
— |
|
|
|
(49,728 |
) |
|
|
— |
|
|
|
(49,728 |
) |
| Other comprehensive income (loss) |
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
(1,168 |
) |
|
|
(1,168 |
) |
| BALANCE—June 30, 2023 |
|
32,263,019 |
|
|
$ |
3 |
|
$ |
1,893,577 |
|
|
$ |
(1,411,323 |
) |
|
$ |
(37,798 |
) |
|
$ |
444,459 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|||||
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|
|
|
|
|
|
|
|||||
|
|
|
Six Months Ended June 30, 2023 |
||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
||||||
|
|
|
Common Stock |
|
Additional |
|
|
|
|
Comprehensive |
|
Total |
|||||||||||
|
|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
||||||||||||
|
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
||||||||||
| BALANCE—January 1, 2023 |
|
31,813,343 |
|
|
$ |
3 |
|
$ |
1,874,821 |
|
|
$ |
(1,308,954 |
) |
|
$ |
(38,368 |
) |
|
$ |
527,502 |
|
| Exercise of Common Stock options |
|
96,811 |
|
|
|
— |
|
|
1,157 |
|
|
|
— |
|
|
|
— |
|
|
|
1,157 |
|
| Vesting of restricted Common Stock |
|
7,559 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Vesting of restricted stock units |
|
307,504 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Repurchase of shares for employee tax withholdings |
|
(6,677 |
) |
|
|
— |
|
|
(109 |
) |
|
|
— |
|
|
|
— |
|
|
|
(109 |
) |
| Issuance of Common Stock related to settlement of contingent consideration |
|
44,479 |
|
|
|
|
|
|
797 |
|
|
|
|
|
|
|
|
|
797 |
|
||
| Stock‑based compensation expense |
|
— |
|
|
|
— |
|
|
16,911 |
|
|
|
— |
|
|
|
— |
|
|
|
16,911 |
|
| Net loss |
|
— |
|
|
|
— |
|
|
— |
|
|
|
(102,369 |
) |
|
|
— |
|
|
|
(102,369 |
) |
| Other comprehensive income (loss) |
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
570 |
|
|
|
570 |
|
| BALANCE—June 30, 2023 |
|
32,263,019 |
|
|
$ |
3 |
|
$ |
1,893,577 |
|
|
$ |
(1,411,323 |
) |
|
$ |
(37,798 |
) |
|
$ |
444,459 |
|
See notes to condensed consolidated financial statements.
