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.

 

DESKTOP METAL, INC.
NON-GAAP ADJUSTED EBITDA RECONCILIATION TABLE
(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

 

June 30,

 

June 30,

(Dollars in thousands)

 

2024

 

2023

 

2024

 

2023

Net loss attributable to common stockholders

 

$

(103,440

)

 

$

(49,728

)

 

$

(155,538

)

 

$

(102,369

)

Interest expense

 

 

1,690

 

 

 

1,109

 

 

 

3,181

 

 

 

1,920

 

Income tax benefit (expense)

 

 

345

 

 

 

23

 

 

 

147

 

 

 

(534

)

Depreciation and amortization (2)

 

 

71,858

 

 

 

13,530

 

 

 

96,043

 

 

 

26,965

 

EBITDA

 

 

(29,547

)

 

 

(35,066

)

 

 

(56,167

)

 

 

(74,018

)

Change in fair value of investments

 

 

497

 

 

 

107

 

 

 

1,814

 

 

 

286

 

Stock-based compensation expense (1)

 

 

6,497

 

 

 

9,703

 

 

 

14,335

 

 

 

19,016

 

Restructuring expense (2)

 

 

7,295

 

 

 

2,850

 

 

 

9,887

 

 

 

6,469

 

Acquisition-related and integration costs

 

 

2,050

 

 

 

7,359

 

 

 

3,305

 

 

 

8,765

 

Adjusted EBITDA

 

$

(13,208

)

 

$

(15,047

)

 

$

(26,826

)

 

$

(39,482

)


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »
Featured Video
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Senior Principal Software Engineer for Autodesk at San Francisco, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Equipment Engineer, Raxium for Google at Fremont, California
Principal Engineer for Autodesk at San Francisco, California
Upcoming Events
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise