Desktop Metal Announces Third Quarter 2023 Financial Results

 

DESKTOP METAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net loss

 

 

$

(46,373

)

 

$

(60,774

)

 

$

(148,742

)

 

$

(427,990

)

Other comprehensive loss, net of taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gain (loss) on available-for-sale marketable securities, net

 

 

 

(211

)

 

 

(389

)

 

 

126

 

 

 

(418

)

Foreign currency translation adjustment

 

 

 

(684

)

 

 

(15,866

)

 

 

(451

)

 

 

(54,324

)

Total comprehensive loss, net of taxes of $0

 

 

$

(47,268

)

 

$

(77,029

)

 

$

(149,067

)

 

$

(482,732

)

See notes to condensed consolidated financial statements.

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