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)

v3.23.1

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023


	Americas		EMEA		APAC		Total
Products	$	24,258	$	8,722	$	3,717	$	36,697
Services		2,783		1,537		299		4,619
Total	$	27,041	$	10,259	$	4,016	$	41,316

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

Schedule of disaggregation of revenue

During the three months ended March 31, 2023 and 2022, 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,
	2023		2022
Revenue recognized at a point in time	$	36,697	$	39,476
Revenue recognized over time		4,619		4,230
Total	$	41,316	$	43,706

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):


	March 31,		December 31,
	2023		2022
Americas	$	46,339	$	56,145
EMEA		16,270		16,399
APAC		6,441		5,874
Total long-lived assets	$	69,050	$	78,418

- 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.

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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.

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