DESKTOP METAL, INC. |
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS |
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(in thousands) |
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Years Ended December 31, |
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2023 |
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2022 |
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2021 |
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Net loss |
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$ |
(323,271) |
|
$ |
(740,343) |
|
$ |
(240,334) |
Other comprehensive (loss) income, net of taxes: |
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|
|
|
|
|
|
|
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Unrealized loss |
|
|
(203) |
|
|
(290) |
|
|
(40) |
Foreign currency translation adjustment |
|
|
3,911 |
|
|
(31,664) |
|
|
(6,365) |
Total comprehensive (loss) income, net of taxes of $0 |
|
$ |
(319,563) |
|
$ |
(772,297) |
|
$ |
(246,739) |
See notes to consolidated financial statements.
DESKTOP METAL, INC. |
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY |
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(in thousands, except share amounts) |
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Accumulated |
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Additional |
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Other |
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Total |
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Common Stock |
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Paid‑in |
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Accumulated |
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Comprehensive |
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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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(Loss) |
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Equity |
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| BALANCE—January 1, 2021 |
|
224,626,597 |
|
$ |
23 |
|
$ |
844,188 |
|
$ |
(328,277) |
|
$ |
(9) |
|
$ |
515,925 |
| Exercise of Common Stock options |
|
5,732,247 |
|
|
1 |
|
|
6,425 |
|
|
— |
|
|
— |
|
|
6,426 |
| Vesting of restricted Common Stock |
|
491,293 |
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|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Repurchase of shares for employee tax withholdings - RSA |
|
(109,150) |
|
|
— |
|
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(958) |
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|
— |
|
|
— |
|
|
(958) |
| Vesting of restricted share units |
|
650,777 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Repurchase of shares for employee tax withholdings - RSU |
|
(61,498) |
|
|
— |
|
|
(541) |
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|
— |
|
|
— |
|
|
(541) |
| Issuance of Common Stock in connection with acquisitions |
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57,267,401 |
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|
5 |
|
|
620,585 |
|
|
— |
|
|
— |
|
|
620,590 |
| Issuance of Common Stock in connection with acquired in-process research and development |
|
334,370 |
|
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— |
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|
4,300 |
|
|
— |
|
|
— |
|
|
4,300 |
| Stock‑based compensation expense |
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— |
|
|
— |
|
|
28,778 |
|
|
— |
|
|
— |
|
|
28,778 |
| Vesting of Trine Founder Shares |
|
1,850,938 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Common Stock issued in connection with warrants exercised |
|
20,690,975 |
|
|
2 |
|
|
320,567 |
|
|
— |
|
|
— |
|
|
320,569 |
| Net loss |
|
— |
|
|
— |
|
|
— |
|
|
(240,334) |
|
|
— |
|
|
(240,334) |
| Other comprehensive loss |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(6,405) |
|
|
(6,405) |
| BALANCE—December 31, 2021 |
|
311,473,950 |
|
$ |
31 |
|
$ |
1,823,344 |
|
$ |
(568,611) |
|
$ |
(6,414) |
|
$ |
1,248,350 |
| Exercise of Common Stock options |
|
2,310,931 |
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|
— |
|
|
3,190 |
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|
— |
|
|
— |
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|
3,190 |
| Vesting of restricted Common Stock |
|
157,131 |
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|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Vesting of restricted share units |
|
4,153,939 |
|
|
1 |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
| Repurchase of shares for employee tax withholdings - RSU |
|
(74,719) |
|
|
— |
|
|
(243) |
|
|
— |
|
|
— |
|
|
(243) |
| Issuance of common stock related to settlement of contingent consideration |
|
112,202 |
|
|
— |
|
|
500 |
|
|
— |
|
|
— |
|
|
500 |
| Stock‑based compensation expense |
|
— |
|
|
— |
|
|
48,001 |
|
|
— |
|
|
— |
|
|
48,001 |
| Net loss |
|
— |
|
|
— |
|
|
— |
|
|
(740,343) |
|
|
— |
|
|
(740,343) |
| Other comprehensive loss |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(31,954) |
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|
(31,954) |
| BALANCE—December 31, 2022 |
|
318,133,434 |
|
$ |
32 |
|
$ |
1,874,792 |
|
$ |
(1,308,954) |
|
$ |
(38,368) |
|
$ |
527,502 |
| Exercise of Common Stock options |
|
1,006,046 |
|
|
— |
|
|
1,203 |
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|
— |
|
|
— |
|
|
1,203 |
| Vesting of restricted Common Stock |
|
95,859 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Vesting of restricted share units |
|
5,802,852 |
|
|
1 |
|
|
(1) |
|
|
— |
|
|
— |
|
|
— |
| Repurchase of shares for employee tax withholdings - RSU |
|
(211,314) |
|
|
— |
|
|
(250) |
|
|
— |
|
|
— |
|
|
(250) |
| Issuance of common stock related to settlement of contingent consideration |
|
444,793 |
|
|
— |
|
|
797 |
|
|
— |
|
|
— |
|
|
797 |
| Stock‑based compensation expense |
|
— |
|
|
— |
|
|
31,963 |
|
|
— |
|
|
— |
|
|
31,963 |
| Net loss |
|
— |
|
|
— |
|
|
— |
|
|
(323,271) |
|
|
— |
|
|
(323,271) |
| Other comprehensive income |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
3,708 |
|
|
3,708 |
| BALANCE—December 31, 2023 |
|
325,271,670 |
|
$ |
33 |
|
$ |
1,908,504 |
|
$ |
(1,632,225) |
|
$ |
(34,660) |
|
$ |
241,652 |
See notes to consolidated financial statements.
