(UNAUDITED)
(in thousands)
|
|
|
|
|
|
|
|
|
Three Months Ended |
||||
|
|
March 31, |
||||
|
|
2022 |
|
2021 |
||
Net loss |
|
$ |
(69,944) |
|
$ |
(59,108) |
Other comprehensive (loss) income, net of taxes: |
|
|
|
|
|
|
Unrealized gain (loss) on available-for-sale marketable securities, net |
|
|
12 |
|
|
1 |
Foreign currency translation adjustment |
|
|
(11,047) |
|
|
(13) |
Total comprehensive (loss) income, net of taxes of $0 |
|
$ |
(80,979) |
|
$ |
(59,120) |
DESKTOP METAL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(UNAUDITED)
(in thousands, except share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2022 |
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
Common Stock |
|
Additional |
|
|
|
|
Comprehensive |
|
Total |
||||||
|
|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
|||||||
|
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
|||||
| BALANCE—January 1, 2022 |
|
311,473,950 |
|
$ |
31 |
|
$ |
1,823,344 |
|
$ |
(568,611) |
|
$ |
(6,414) |
|
$ |
1,248,350 |
| Exercise of Common Stock options |
|
786,693 |
|
|
— |
|
|
900 |
|
|
— |
|
|
— |
|
|
900 |
| Vesting of restricted Common Stock |
|
84,384 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Vesting of restricted stock units |
|
520,265 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Repurchase of shares for employee tax withholdings |
|
(39,720) |
|
|
— |
|
|
(158) |
|
|
— |
|
|
— |
|
|
(158) |
| Issuance of Common Stock for acquisitions |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Stock‑based compensation expense |
|
— |
|
|
— |
|
|
9,912 |
|
|
— |
|
|
— |
|
|
9,912 |
| Vesting of Trine Founder shares |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Exercise of warrants |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Net loss |
|
— |
|
|
— |
|
|
— |
|
|
(69,944) |
|
|
— |
|
|
(69,944) |
| Other comprehensive income (loss) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(11,035) |
|
|
(11,035) |
| BALANCE—March 31, 2022 |
|
312,825,572 |
|
$ |
31 |
|
$ |
1,833,998 |
|
$ |
(638,555) |
|
$ |
(17,449) |
|
$ |
1,178,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2021 |
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
Common Stock |
|
Additional |
|
|
|
|
Comprehensive |
|
Total |
||||||
|
|
|
Voting |
|
Paid‑in |
|
Accumulated |
|
(Loss) |
|
Stockholders’ |
|||||||
|
|
|
Shares |
|
Amount |
|
Capital |
|
Deficit |
|
Income |
|
Equity |
|||||
| BALANCE—January 1, 2021 |
|
224,626,597 |
|
$ |
23 |
|
$ |
844,188 |
|
$ |
(328,277) |
|
$ |
(9) |
|
$ |
515,925 |
| Exercise of Common Stock options |
|
163,228 |
|
|
— |
|
|
180 |
|
|
— |
|
|
— |
|
|
180 |
| Vesting of restricted Common Stock |
|
56,015 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Vesting of restricted stock units |
|
15,265 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Repurchase of shares for employee tax withholdings |
|
(2,241) |
|
|
— |
|
|
(54) |
|
|
— |
|
|
— |
|
|
(54) |
| Issuance of Common Stock for acquisitions |
|
5,036,142 |
|
|
— |
|
|
159,847 |
|
|
— |
|
|
— |
|
|
159,847 |
| Stock‑based compensation expense |
|
— |
|
|
— |
|
|
2,217 |
|
|
— |
|
|
— |
|
|
2,217 |
| Vesting of Trine Founder shares |
|
1,850,938 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
| Exercise of warrants |
|
20,690,975 |
|
|
2 |
|
|
320,567 |
|
|
— |
|
|
— |
|
|
320,569 |
| Net loss |
|
— |
|
|
— |
|
|
— |
|
|
(59,108) |
|
|
— |
|
|
(59,108) |
| Other comprehensive income (loss) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(12) |
|
|
(12) |
| BALANCE—March 31, 2021 |
|
252,436,919 |
|
$ |
25 |
|
$ |
1,326,945 |
|
$ |
(387,385) |
|
$ |
(21) |
|
$ |
939,564 |
DESKTOP METAL, INC.
