| Schedule of Segment Reporting Information |
The adjusted EBITDA reconciliations for the years ended as of December 31, 2025, 2024, and 2023 are as follow:
|
|
|
|
|
For the Year Ended December 31, 2025 |
|
|
|
Operating Segment |
|
Net loss from continuing operations |
|
$ |
(64,216 |
) |
Income tax (benefit) expense |
|
|
(7,202 |
) |
Depreciation and amortization |
|
|
7,170 |
|
Interest income and expense, net |
|
|
971 |
|
EBITDA (loss) |
|
|
(63,277 |
) |
Exchange rate differences |
|
|
(206 |
) |
Share-based compensation expense |
|
|
3,459 |
|
Restructuring costs |
|
|
1,666 |
|
Impairment losses |
|
|
10,516 |
|
Acquisition inventory step-up amortization |
|
|
10,661 |
|
Expected return on pension plan assets |
|
|
(711 |
) |
Segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(37,892 |
) |
|
|
|
|
Reconciliation of segment adjusted EBITDA (loss) from continuing operations: |
|
|
|
Operating segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(37,892 |
) |
Corporate reconciling items: |
|
|
|
Net loss from continuing operations(1) |
|
|
(36,139 |
) |
Depreciation and amortization |
|
|
263 |
|
Interest income and expense, net |
|
|
(24,636 |
) |
Finance expenses (income) from revaluation of assets and liabilities |
|
|
2,056 |
|
Exchange rate differences |
|
|
(10,558 |
) |
Share-based compensation expense |
|
|
1,471 |
|
Desktop Metal litigation related expenses |
|
|
31,046 |
|
Desktop Metal and Markforged transaction related expenses |
|
|
10,614 |
|
Restructuring costs |
|
|
5,915 |
|
Litigation settlements and contingencies |
|
|
4,621 |
|
Adjusted EBITDA (loss) from continuing operations |
|
$ |
(53,239 |
) |
(1) Net loss from continuing operations in corporate adjustments relate to those costs incurred at the parent company level, such as financing gains and losses, gains and losses on marketable securities, and corporate overhead costs inclusive of public company costs, legal, corporate headcount, and real estate related costs.
|
|
|
|
|
For the Year Ended December 31, 2024 |
|
|
|
Operating Segment |
|
Net loss from continuing operations |
|
$ |
(55,725 |
) |
Income tax (benefit) expense |
|
|
397 |
|
Depreciation and amortization |
|
|
2,408 |
|
EBITDA (loss) |
|
|
(52,920 |
) |
Finance expenses (income) from revaluation of assets and liabilities |
|
|
87 |
|
Exchange rate differences |
|
|
(589 |
) |
Share-based compensation expense |
|
|
7,296 |
|
Exceeded compensation for damaged inventory and fixed assets |
|
|
(486 |
) |
Segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(46,612 |
) |
|
|
|
|
Reconciliation of segment adjusted EBITDA (loss) from continuing operations: |
|
|
|
Operating segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(46,612 |
) |
Corporate reconciling items: |
|
|
|
Net loss from continuing operations(1) |
|
|
(44,133 |
) |
Depreciation and amortization |
|
|
234 |
|
Interest income and expense, net |
|
|
(42,573 |
) |
Finance expenses (income) from revaluation of assets and liabilities |
|
|
52,257 |
|
Exchange rate differences |
|
|
1,074 |
|
Share-based compensation expense |
|
|
8,425 |
|
Desktop Metal and Markforged transaction related expenses |
|
|
6,452 |
|
Impairment losses |
|
|
1,283 |
|
Adjusted EBITDA (loss) from continuing operations |
|
$ |
(63,593 |
) |
|
|
|
|
|
For the Year Ended December 31, 2023 |
|
|
|
Operating Segment |
|
Net loss from continuing operations |
|
$ |
(25,873 |
) |
Income tax (benefit) expense |
|
|
62 |
|
Depreciation and amortization |
|
|
1,753 |
|
EBITDA (loss) |
|
|
(24,058 |
) |
Finance expenses (income) from revaluation of assets and liabilities |
|
|
335 |
|
Exchange rate differences |
|
|
(56 |
) |
Share-based compensation expense |
|
|
12,296 |
|
Exceeded compensation for damaged inventory and fixed assets |
|
|
(2,038 |
) |
Segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(13,521 |
) |
|
|
|
|
Reconciliation of segment adjusted EBITDA (loss) from continuing operations: |
|
|
|
Operating segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(13,521 |
) |
Corporate reconciling items: |
|
|
|
Net loss from continuing operations(1) |
|
|
(31,202 |
) |
Depreciation and amortization |
|
|
219 |
|
Interest income and expense, net |
|
|
(45,904 |
) |
Exchange rate differences |
|
|
(23,468 |
) |
Share-based compensation expense |
|
|
(1,666 |
) |
Desktop Metal litigation related expenses |
|
|
9,814 |
|
Exceeded compensation for damaged inventory and fixed assets |
|
|
411 |
|
Adjusted EBITDA (loss) from continuing operations |
|
$ |
(105,317 |
) |
|