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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

SEGMENT INFORMATION (Tables)

v3.22.2

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022

SEGMENT INFORMATION

Schedule of disaggregation of revenue by geographic areas

Disaggregated revenue data for those markets is as follows (in thousands):

Revenue for the three months ended June 30, 2022


	Americas		EMEA		APAC		Total
Products	$	37,414	$	11,319	$	3,939	$	52,672
Services		2,738		1,948		316		5,002
Total	$	40,152	$	13,267	$	4,255	$	57,674

Revenue for the three months ended June 30, 2021


	Americas		EMEA		APAC		Total
Products	$	10,497	$	3,769	$	3,294	$	17,560
Services		904		381		132		1,417
Total	$	11,401	$	4,150	$	3,426	$	18,977

Revenue for the six months ended June 30, 2022


	Americas		EMEA		APAC		Total
Products	$	65,343	$	19,912	$	6,893	$	92,148
Services		5,544		3,148		540		9,232
Total	$	70,887	$	23,060	$	7,433	$	101,380

Revenue for the six months ended June 30, 2021


	Americas		EMEA		APAC		Total
Products	$	16,350	$	6,296	$	5,225	$	27,871
Services		1,610		596		213		2,419
Total	$	17,960	$	6,892	$	5,438	$	30,290

Schedule of disaggregation of revenue

During the three and six months ended June 30, 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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Revenue recognized at a point in time	$	52,672	$	17,560	$	92,148	$	27,871
Revenue recognized over time		5,002		1,417		9,232		2,419
Total	$	57,674	$	18,977	$	101,380	$	30,290

Schedule of long lived assets

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):


	June 30,		December 31,
	2022		2021
Americas	$	51,300	$	58,355
EMEA		23,038		11,289
APAC		5,718		6,861
Total long-lived assets	$	80,056	$	76,505

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph b
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration