DESKTOP METAL, INC. |
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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY |
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(UNAUDITED) |
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(in thousands, except share amounts) |
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Three Months Ended September 30, 2023 |
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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 |
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Total |
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Voting |
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Paid‑in |
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Accumulated |
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(Loss) |
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Stockholders’ |
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Shares |
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Amount |
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Capital |
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Deficit |
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Income |
|
Equity |
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| BALANCE—July 1, 2023 |
|
322,630,201 |
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|
$ |
32 |
|
$ |
1,893,548 |
|
|
$ |
(1,411,323 |
) |
|
$ |
(37,798 |
) |
|
$ |
444,459 |
|
| Exercise of Common Stock options |
|
37,935 |
|
|
|
— |
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|
46 |
|
|
|
— |
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|
|
— |
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|
46 |
|
| Vesting of restricted Common Stock |
|
9,779 |
|
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|
— |
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— |
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|
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— |
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|
|
— |
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|
|
— |
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| Vesting of restricted stock units |
|
986,925 |
|
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|
— |
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|
— |
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— |
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|
|
— |
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|
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— |
|
| Repurchase of shares for employee tax withholdings |
|
(22,360 |
) |
|
|
— |
|
|
(39 |
) |
|
|
— |
|
|
|
— |
|
|
|
(39 |
) |
| Stock‑based compensation expense |
|
— |
|
|
|
— |
|
|
8,376 |
|
|
|
— |
|
|
|
— |
|
|
|
8,376 |
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| Net loss |
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— |
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|
|
— |
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|
— |
|
|
|
(46,373 |
) |
|
|
— |
|
|
|
(46,373 |
) |
| Other comprehensive income (loss) |
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
(895 |
) |
|
|
(895 |
) |
| BALANCE—September 30, 2023 |
|
323,642,480 |
|
|
$ |
32 |
|
$ |
1,901,931 |
|
|
$ |
(1,457,696 |
) |
|
$ |
(38,693 |
) |
|
$ |
405,574 |
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Nine Months Ended September 30, 2023 |
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Accumulated |
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Other |
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|
Common Stock |
|
Additional |
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|
Comprehensive |
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Total |
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|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
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|
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
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| BALANCE—January 1, 2023 |
|
318,133,434 |
|
|
$ |
32 |
|
$ |
1,874,792 |
|
|
$ |
(1,308,954 |
) |
|
$ |
(38,368 |
) |
|
$ |
527,502 |
|
| Exercise of Common Stock options |
|
1,006,046 |
|
|
|
— |
|
|
1,203 |
|
|
|
— |
|
|
|
— |
|
|
|
1,203 |
|
| Vesting of restricted Common Stock |
|
85,372 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
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| Vesting of restricted stock units |
|
4,061,967 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Repurchase of shares for employee tax withholdings |
|
(89,132 |
) |
|
|
— |
|
|
(147 |
) |
|
|
— |
|
|
|
— |
|
|
|
(147 |
) |
| Issuance of Common Stock related to settlement of contingent consideration |
|
444,793 |
|
|
|
— |
|
|
797 |
|
|
|
— |
|
|
|
— |
|
|
|
797 |
|
| Stock‑based compensation expense |
|
— |
|
|
|
— |
|
|
25,286 |
|
|
|
— |
|
|
|
— |
|
|
|
25,286 |
|
| Net loss |
|
— |
|
|
|
— |
|
|
— |
|
|
|
(148,742 |
) |
|
|
— |
|
|
|
(148,742 |
) |
| Other comprehensive income (loss) |
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
(325 |
) |
|
|
(325 |
) |
| BALANCE—September 30, 2023 |
|
323,642,480 |
|
|
$ |
32 |
|
$ |
1,901,931 |
|
|
$ |
(1,457,696 |
) |
|
$ |
(38,693 |
) |
|
$ |
405,574 |
|
See notes to condensed consolidated financial statements.
