Desktop Metal, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2021

20. 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 three months ended March 31, 2021


	Americas		EMEA		APAC		Total
Products	$	5,854	$	2,526	$	1,931	$	10,311
Services		705		215		82		1,002
Total	$	6,559	$	2,741	$	2,013	$	11,313

Revenue during the three months ended March 31, 2020


	Americas		EMEA		APAC		Total
Products	$	902	$	1,528	$	264	$	2,694
Services		327		323		41		691
Total	$	1,229	$	1,851	$	305	$	3,385

During the three months ended March 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):


	Three Months Ended
	March 31,
	2021		2020
Revenue recognized at a point in time	$	10,311	$	2,694
Revenue recognized over time		1,002		691
Total	$	11,313	$	3,385

The Company’s long-lived assets are substantially all located in the United States where the Company’s primary operations are located.

- 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