Desktop Metal Announces First Quarter 2022 Financial Results

NON-GAAP OPERATING EXPENSE RECONCILIATION TABLE

 

 

For the Three Months Ended

 

 

March 31,

(Dollars in thousands)

 

2022

 

2021

GAAP operating expenses

 

$

68,151

 

$

30,153

Stock-based compensation included in operating expenses

 

 

(9,425)

 

 

(2,100)

Amortization of acquired intangible assets included in operating expenses

 

 

(3,794)

 

 

(1,208)

Acquisition-related and other transactional charges included in operating expenses

 

 

(2,848)

 

 

(4,984)

Non-GAAP operating expenses

 

$

52,084

 

$

21,861

DESKTOP METAL, INC.
ADJUSTED EBITDA RECONCILIATION TABLE

 

 

For the Three Months Ended

 

 

March 31,

(Dollars in thousands)

 

2022

 

2021

Net loss attributable to common stockholders

 

$

(69,944)

 

$

(59,108)

Interest (income) expense, net

 

 

(32)

 

 

(42)

Income tax benefit

 

 

(1,256)

 

 

(27,920)

Depreciation and amortization

 

 

12,883

 

 

3,892

EBITDA

 

 

(58,349)

 

 

(83,178)

Change in fair value of warrant liability

 

 

 

 

56,576

Change in fair value of investments

 

 

1,700

 

 

Inventory step-up adjustment

 

 

1,181

 

 

Stock compensation expense

 

 

9,912

 

 

2,217

Acquisition-related and other transactional charges

 

 

3,986

 

 

4,984

Adjusted EBITDA

 

$

(41,570)

 

$

(19,401)


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