| Schedule of Segment Reporting Information |
The adjusted EBITDA reconciliations for the three and six months ended June 30, 2026 and 2025 are as follows:
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For the Three Months Ended June 30, |
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2026 |
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2025 |
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Operating Segment |
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|
Operating Segment |
|
Net loss from continuing operations |
|
$ |
(1,947 |
) |
|
$ |
(15,870 |
) |
Income tax expense |
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|
150 |
|
|
|
76 |
|
Depreciation and amortization |
|
|
1,634 |
|
|
|
1,870 |
|
Interest income and expense, net |
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|
231 |
|
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|
184 |
|
EBITDA income (loss) from continuing operations |
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|
68 |
|
|
|
(13,740 |
) |
Exchange rate differences |
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|
(6,461 |
) |
|
|
(6,842 |
) |
Share-based compensation expense |
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|
483 |
|
|
|
1,453 |
|
Restructuring costs and other |
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|
1,314 |
|
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|
1,666 |
|
Impairment losses |
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|
— |
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|
|
1,456 |
|
Acquisition inventory step-up amortization |
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|
— |
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|
3,849 |
|
Segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(4,596 |
) |
|
$ |
(12,158 |
) |
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Reconciliation of segment adjusted EBITDA (loss): |
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Operating segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(4,596 |
) |
|
$ |
(12,158 |
) |
Corporate reconciling items: |
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Net (loss) income from continuing operations(1) |
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(4,857 |
) |
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|
4,508 |
|
Depreciation and amortization |
|
|
70 |
|
|
|
66 |
|
Interest income and expense, net |
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|
(3,814 |
) |
|
|
(5,944 |
) |
Finance income from revaluation of assets and liabilities |
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|
(7,272 |
) |
|
|
(16,266 |
) |
Exchange rate differences |
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|
3,363 |
|
|
|
(1,521 |
) |
Share-based compensation expense |
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|
390 |
|
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|
977 |
|
Desktop Metal litigation related expenses |
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|
— |
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|
3,246 |
|
Desktop Metal and Markforged transaction related expenses |
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|
58 |
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|
8,305 |
|
Restructuring costs and other |
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|
5,450 |
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|
2,101 |
|
Litigation settlements and contingencies |
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|
1,616 |
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|
|
— |
|
Adjusted EBITDA (loss) from continuing operations |
|
$ |
(9,592 |
) |
|
$ |
(16,686 |
) |
(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.
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For the Six Months Ended June 30, |
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2026 |
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2025 |
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|
Operating Segment |
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|
Operating Segment |
|
Net loss from continuing operations |
|
$ |
(55,406 |
) |
|
$ |
(26,870 |
) |
Income tax expense |
|
|
150 |
|
|
|
99 |
|
Depreciation and amortization |
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|
3,995 |
|
|
|
2,383 |
|
Interest income and expense, net |
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|
442 |
|
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|
184 |
|
EBITDA (loss) from continuing operations |
|
|
(50,819 |
) |
|
|
(24,204 |
) |
Exchange rate differences |
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|
(6,667 |
) |
|
|
(6,603 |
) |
Share-based compensation expense |
|
|
1,400 |
|
|
|
2,158 |
|
Restructuring costs and other |
|
|
1,314 |
|
|
|
1,666 |
|
Impairment losses |
|
|
40,388 |
|
|
|
2,685 |
|
Acquisition inventory step-up amortization |
|
|
616 |
|
|
|
3,849 |
|
Segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(13,769 |
) |
|
$ |
(20,449 |
) |
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|
Reconciliation of segment adjusted EBITDA (loss): |
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|
Operating segment adjusted EBITDA (loss) from continuing operations |
|
$ |
(13,769 |
) |
|
$ |
(20,449 |
) |
Corporate reconciling items: |
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|
|
|
|
Net loss from continuing operations(1) |
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|
(21,060 |
) |
|
|
(10,040 |
) |
Depreciation and amortization |
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|
141 |
|
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|
127 |
|
Interest income and expense, net |
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|
(7,456 |
) |
|
|
(15,253 |
) |
Finance expenses (income) from revaluation of assets and liabilities |
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|
1,162 |
|
|
|
(24,992 |
) |
Exchange rate differences |
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|
3,709 |
|
|
|
(121 |
) |
Share-based compensation expense |
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|
2,398 |
|
|
|
(514 |
) |
Desktop Metal litigation related expenses |
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|
— |
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|
31,315 |
|
Desktop Metal and Markforged transaction related expenses |
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|
614 |
|
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|
9,820 |
|
Restructuring costs and other |
|
|
8,577 |
|
|
|
3,281 |
|
Litigation, settlements, and contingencies |
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|
3,567 |
|
|
|
— |
|
Adjusted EBITDA (loss) from continuing operations |
|
$ |
(22,116 |
) |
|
$ |
(26,826 |
) |
|