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, 2022

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 for the three months ended March 31, 2022


	Americas		EMEA		APAC		Total
Products	$	27,929	$	8,593	$	2,954	$	39,476
Services		2,806		1,200		224		4,230
Total	$	30,735	$	9,793	$	3,178	$	43,706

Revenue for 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

During the three months ended March 31, 2022 and 2021, 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,
	2022		2021
Revenue recognized at a point in time	$	39,476	$	10,311
Revenue recognized over time		4,230		1,002
Total	$	43,706	$	11,313

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):


	March 31,		December 31,
	2022		2021
Americas	$	57,703	$	58,355
EMEA		18,296		11,289
APAC		6,371		6,861
Total long-lived assets	$	82,370	$	76,505

- 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