CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenue | $ 28,963 | $ 25,837 | $ 58,688 | $ 40,238 |
| Total cost of revenue | 15,669 | 18,794 | 33,267 | 27,354 |
| Gross profit | 13,294 | 7,043 | 25,421 | 12,884 |
| Operating expenses: | ||||
| Research and development | 5,785 | 8,114 | 13,989 | 14,058 |
| Sales and marketing | 8,405 | 9,907 | 18,097 | 15,551 |
| General and administrative | 12,912 | 22,189 | 28,121 | 27,856 |
| Restructuring costs | 6,764 | 3,767 | 9,891 | 4,947 |
| Desktop Metal litigation | 0 | 3,246 | 0 | 31,315 |
| Impairment losses | 0 | 1,456 | 40,388 | 2,685 |
| Operating loss | (20,572) | (41,636) | (85,065) | (83,528) |
| Gain (loss) on investment in marketable equity securities | 7,272 | 16,287 | (1,163) | 25,013 |
| Other expense, net | (8) | (56) | (8) | (56) |
| Finance income | 6,901 | 14,353 | 10,413 | 23,673 |
| Finance expense | (247) | (234) | (493) | (1,913) |
| Loss before income taxes | (6,654) | (11,286) | (76,316) | (36,811) |
| Income tax expense | (150) | (76) | (150) | (99) |
| Net loss from continuing operations | (6,804) | (11,362) | (76,466) | (36,910) |
| Net loss from discontinued operations, net of income tax of nil | 0 | (169,761) | 0 | (169,761) |
| Net loss | (6,804) | (181,123) | (76,466) | (206,671) |
| Less: Comprehensive loss attributable to non-controlling interests | 0 | (87) | 0 | (323) |
| Net loss attributable to common shareholders | $ (6,804) | $ (181,036) | $ (76,466) | $ (206,348) |
| Net loss per common share: | ||||
| Net loss attributable to common shareholders_Basic | $ (0.03) | $ (0.83) | $ (0.37) | $ (0.95) |
| Continuing operations - diluted | (0.03) | (0.05) | (0.37) | (0.17) |
| Continuing operations - basic | (0.03) | (0.05) | (0.37) | (0.17) |
| Net loss attributable to common shareholders_Diluted | (0.03) | (0.83) | (0.37) | (0.95) |
| Discontinued operations - basic | 0 | (0.78) | 0 | (0.78) |
| Discontinued operations - diluted | $ 0 | $ (0.78) | $ 0 | $ (0.78) |
| Weighted-average shares outstanding - Basic | 209,342 | 217,338 | 208,671 | 217,057 |
| Weighted-average shares outstanding - Diluted | 209,342 | 217,338 | 208,671 | 217,057 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment | $ 174 | $ 1,085 | $ 367 | $ 1,678 |
| Remeasurement of pension and post-employment benefit plans, net of tax | 654 | 0 | 654 | 0 |
| Comprehensive loss | (5,976) | (180,038) | (75,445) | (204,993) |
| Less: Comprehensive loss attributable to non-controlling interests | 0 | (99) | 0 | (224) |
| Comprehensive loss attributable to common shareholders | (5,976) | (179,939) | (75,445) | (204,769) |
| Product | ||||
| Revenue | 23,981 | 20,064 | 46,912 | 31,743 |
| Total cost of revenue | 13,186 | 16,410 | 27,408 | 23,491 |
| Service | ||||
| Revenue | 4,982 | 5,773 | 11,776 | 8,495 |
| Total cost of revenue | $ 2,483 | $ 2,384 | $ 5,859 | $ 3,863 |
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- Definition Desktop Metal litigation No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income classified as operating and nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of loss from impairment of right-of-use asset from operating lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tax effect of plan amendments that occurred that has not been recognized in net periodic benefit cost. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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- Details
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