DESKTOP METAL, INC.
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For the Three Months Ended |
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For the Six Months Ended |
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June 30, |
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June 30, |
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(Dollars in thousands) |
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2024 |
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2023 |
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2024 |
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2023 |
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Net loss attributable to common stockholders |
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$ |
(103,440 |
) |
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$ |
(49,728 |
) |
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$ |
(155,538 |
) |
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$ |
(102,369 |
) |
Interest expense |
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1,690 |
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1,109 |
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3,181 |
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1,920 |
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Income tax benefit (expense) |
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345 |
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23 |
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147 |
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(534 |
) |
Depreciation and amortization (2) |
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71,858 |
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13,530 |
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96,043 |
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26,965 |
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| EBITDA |
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(29,547 |
) |
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(35,066 |
) |
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(56,167 |
) |
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(74,018 |
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| Change in fair value of investments |
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497 |
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107 |
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1,814 |
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286 |
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| Stock-based compensation expense (1) |
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6,497 |
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9,703 |
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14,335 |
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19,016 |
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| Restructuring expense (2) |
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7,295 |
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2,850 |
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9,887 |
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6,469 |
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| Acquisition-related and integration costs |
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2,050 |
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7,359 |
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3,305 |
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8,765 |
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| Adjusted EBITDA |
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$ |
(13,208 |
) |
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$ |
(15,047 |
) |
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$ |
(26,826 |
) |
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$ |
(39,482 |
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Desktop Metal Announces Second Quarter 2024 Financial Results
(1) Includes no liability-award stock-based compensation expense and $0.5 million of liability-award stock-based compensation expense for the three and six months ended June 30, 2024, respectively. Includes $1.1 million and $2.5 million of liability-award stock-based compensation expense for the three and six months ended June 30, 2023, respectively.
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