Desktop Metal, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2021

22. SEGMENT INFORMATION

In its operation of the business, management, including the Company’s chief operating decision maker, who is also Chief Executive Officer, reviews the business as one segment. The Company currently ships its product to markets in the Americas, Europe Middle East and Africa (“EMEA”), and Asia Pacific (“APAC”). Disaggregated revenue data for those markets is as follows (in thousands):

Revenue during the year ended December 31, 2021


	Americas		EMEA		APAC		Total
Products	$	71,875	$	22,404	$	11,715	$	105,994
Services		4,087		1,693		634		6,414
Total	$	75,962	$	24,097	$	12,349	$	112,408

Revenue during the year ended December 31, 2020


	Americas		EMEA		APAC		Total
Products	$	5,250	$	6,629	$	1,839	$	13,718
Services		1,415		1,159		178		2,752
Total	$	6,665	$	7,788	$	2,017	$	16,470

During the years ended December 31, 2021 and 2020, the Company recognized the following revenue from service contracts and cloud-based software licenses over time, and hardware and consumable product shipments and subscription software at a point in time (in thousands):


	Years Ended
	December 31,
	2021		2020
Revenue recognized at a point in time	$	105,994	$	13,718
Revenue recognized over time		6,414		2,752
Total	$	112,408	$	16,470

The Company’s operations are principally in the United States. The locations of long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, are summarized as follows (in thousands):


	Years Ended December 31,
	2021		2020
Americas	$	58,355	$	12,160
EMEA		11,289		—
APAC		6,861		—
Total long-lived assets	$	76,505	$	12,160

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details