|
|
For the Three Months Ended |
||||
|
|
March 31, |
||||
(Dollars in thousands) |
|
2022 |
|
2021 |
||
GAAP operating expenses |
|
$ |
68,151 |
|
$ |
30,153 |
Stock-based compensation included in operating expenses |
|
|
(9,425) |
|
|
(2,100) |
Amortization of acquired intangible assets included in operating expenses |
|
|
(3,794) |
|
|
(1,208) |
Acquisition-related and other transactional charges included in operating expenses |
|
|
(2,848) |
|
|
(4,984) |
Non-GAAP operating expenses |
|
$ |
52,084 |
|
$ |
21,861 |
DESKTOP METAL, INC.
ADJUSTED EBITDA RECONCILIATION TABLE
|
|
For the Three Months Ended |
||||
|
|
March 31, |
||||
(Dollars in thousands) |
|
2022 |
|
2021 |
||
Net loss attributable to common stockholders |
|
$ |
(69,944) |
|
$ |
(59,108) |
Interest (income) expense, net |
|
|
(32) |
|
|
(42) |
Income tax benefit |
|
|
(1,256) |
|
|
(27,920) |
Depreciation and amortization |
|
|
12,883 |
|
|
3,892 |
EBITDA |
|
|
(58,349) |
|
|
(83,178) |
| Change in fair value of warrant liability |
|
|
— |
|
|
56,576 |
| Change in fair value of investments |
|
|
1,700 |
|
|
— |
| Inventory step-up adjustment |
|
|
1,181 |
|
|
— |
| Stock compensation expense |
|
|
9,912 |
|
|
2,217 |
| Acquisition-related and other transactional charges |
|
|
3,986 |
|
|
4,984 |
| Adjusted EBITDA |
|
$ |
(41,570) |
|
$ |
(19,401) |
