(2) Includes $7.3 million of stock-based compensation expense associated with the restructuring initiative for the nine months ended September 30, 2022.
(3) Includes $1.2 million and $3.4 million of liability-award stock-based compensation expense for the three and nine months ended September 30, 2022, respectively.
DESKTOP METAL, INC. NON-GAAP OPERATING EXPENSE 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 |
||||||||
GAAP operating expenses |
|
$ |
57,510 |
|
|
$ |
67,549 |
|
|
$ |
426,628 |
|
|
$ |
147,789 |
|
Stock-based compensation included in operating expenses(1),(2) |
|
|
(11,306 |
) |
|
|
(9,610 |
) |
|
|
(39,278 |
) |
|
|
(15,581 |
) |
Amortization of acquired intangible assets included in operating expenses |
|
|
(3,192 |
) |
|
|
(2,089 |
) |
|
|
(10,705 |
) |
|
|
(5,330 |
) |
Restructuring expense included in operating expenses |
|
|
— |
|
|
|
— |
|
|
|
(1,960 |
) |
|
|
— |
|
| Acquisition-related and other transactional charges included in operating expenses |
|
|
(1,476 |
) |
|
|
(5,675 |
) |
|
|
(5,485 |
) |
|
|
(13,786 |
) |
| In-process research and development assets acquired |
|
|
— |
|
|
|
(15,181 |
) |
|
|
— |
|
|
|
(25,581 |
) |
| Goodwill impairment |
|
|
— |
|
|
|
— |
|
|
|
(229,500 |
) |
|
|
— |
|
| Non-GAAP operating expenses |
|
$ |
41,536 |
|
|
$ |
34,994 |
|
|
$ |
139,700 |
|
|
$ |
87,511 |
|
