(2) 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 $1.3 million and $2.9 million of liability-award stock-based compensation expense for the three and six months ended June 30, 2023, respectively
(3) Includes $3.9 million and $4.3 million of depreciation classified as restructuring charges for the three and six months ended June 30, 2024, respectively.
DESKTOP METAL, INC.
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For the Three Months Ended |
|
For the Six Months Ended |
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|
|
June 30, |
|
June 30, |
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(Dollars in thousands) |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
GAAP operating expenses |
|
$ |
69,138 |
|
|
$ |
54,607 |
|
|
$ |
116,321 |
|
|
$ |
105,559 |
|
Stock-based compensation included in operating expenses(1) |
|
|
(6,022 |
) |
|
|
(9,113 |
) |
|
|
(13,292 |
) |
|
|
(17,746 |
) |
Amortization of acquired intangible assets included in operating expenses |
|
|
(23,250 |
) |
|
|
(3,529 |
) |
|
|
(29,957 |
) |
|
|
(7,044 |
) |
| Restructuring expense included in operating expenses |
|
|
(11,183 |
) |
|
|
(362 |
) |
|
|
23,326 |
|
|
|
(3,264 |
) |
| Acquisition-related and integration costs included in operating expenses |
|
|
(1,684 |
) |
|
|
(6,925 |
) |
|
|
(2,939 |
) |
|
|
(7,852 |
) |
| Non-GAAP operating expenses |
|
$ |
26,999 |
|
|
$ |
34,678 |
|
|
$ |
93,459 |
|
|
$ |
69,653 |
|
