Desktop Metal Announces Second Quarter 2024 Financial Results

 

DESKTOP METAL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(UNAUDITED)
(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2024

 

2023

 

2024

 

2023

Net loss

 

$

(103,440

)

 

$

(49,728

)

 

$

(155,538

)

 

$

(102,369

)

Other comprehensive loss, net of taxes:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gain (loss) on available-for-sale marketable securities, net

 

 

 

 

 

148

 

 

 

(451

)

 

 

337

 

Foreign currency translation adjustment

 

 

(500

)

 

 

(1,316

)

 

 

(1,267

)

 

 

233

 

Total comprehensive loss, net of taxes of $0

 

$

(103,940

)

 

$

(50,896

)

 

$

(157,256

)

 

$

(101,799

)

 

See notes to condensed consolidated financial statements.

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