Fourth Quarter 2021 Highlights
- Revenue increased 132.8% to $44.3 million; Pro forma revenue1 increased 18.4%
- Total orders increased 25.9% to $49.1 million
- Net income totaled $21.0 million; adjusted net loss totaled $1.7 million1
- Adjusted EBITDA1 increased to $10.5 million, representing an Adjusted EBITDA margin1 of 23.8%
- Commenced trading on the New York Stock Exchange under the ticker “FATH”
Full Year 2021 Highlights
- Revenue increased 148.5% to $152.2 million; Pro forma revenue1 increased 8.8% to $162.6 million
- Net income totaled $13.0 million; adjusted net loss totaled $5.4 million1
- Adjusted EBITDA1 increased to $34.4 million, representing an Adjusted EBITDA margin1 of 22.6%
HARTLAND, Wis. — (BUSINESS WIRE) — March 3, 2022 — Fathom Digital Manufacturing Corp. (NYSE: FATH), an industry leader in on-demand digital manufacturing services, today announced its preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2021.
|
Three Months Ended |
|
Twelve Months Ended |
||
($ in thousands) |
12/31/2021 |
12/31/2020 |
|
12/31/2021 |
12/31/2020 |
Revenue |
$44,330 |
$19,040 |
|
$152,196 |
$61,240 |
Pro forma revenue1 |
$44,330 |
$37,455 |
|
$162,576 |
$149,400 |
Net income (loss) |
$20,981 |
$(6,858) |
|
$13,019 |
$(7,963) |
Adjusted net income (loss) 1 |
$(1,682) |
$(5,018) |
|
$(5,408) |
$(4,198) |
Adjusted EBITDA1 |
$10,534 |
$1,510 |
|
$34,353 |
$11,194 |
Adjusted EBITDA margin1 |
23.8% |
7.9% |
|
22.6% |
18.3% |
| 1 See “Non-GAAP Financial Information.” Reconciliations of non-GAAP financial measures are included in the appendix. | |||||
“Fathom’s strong fourth quarter and full year 2021 financial results reflect the increasing demand for our comprehensive on-demand digital manufacturing services,” said Ryan Martin, Fathom Chief Executive Officer. “Our scalable, technology-agnostic platform for prototyping and low- to mid-volume production provides timely, value-added solutions with quality assurances for corporate enterprise customers, uniquely positioning Fathom to accelerate new product development and manufacturing innovation for some of the largest and most innovative companies in the world. During the fourth quarter, our record order volumes of $49.1 million translated into organic revenue growth of 18.4% while expanding our backlog of new business. We also maintained our focus on profitable growth by generating $10.5 million in Adjusted EBITDA, representing 23.8% of revenue for the quarter and demonstrating Fathom’s industry-leading margins.”
