Manufacturing. Accelerated.
Summary financials
($M)(1)(2)
Revenue
2019A
2020E(3)
2021E
2022E
2023E
2024E
2025E
26.4
15-25
77.5
165.8
328.7
584.3
941.5
% Growth
(7.7%)
217.3%
114.0%
98.3%
77.8%
61.1%
Cost of goods sold
50.8
39.8
57.6
95.7
171.4
277.7
433.2
Gross profit
(24.4)
(15.4)
19.8
70.1
157.3
306.6
508.3
% Gross margin
N.M.
N.M.
25.6%
42.3%
47.9%
52.5%
54.0%
Operating Expenses
84.7
60.9
56.8
84.2
133.8
203.6
282.5
Adjusted EBITDA (4)
(95.8)
(64.0)
(24.5)
(1.5)
43.6
133.6
268.2
% EBITDA margin
N.M.
N.M.
N.M.
N.M.
13.3%
22.9%
28.5%
1.
Presented financial data not inclusive of estimated public company-related costs of approximately $6M per year.
2. N,M. denotes "not meaningful".
D Desktop Metal
3.
All 2020E figures excluding revenue assume high end of the revenue range ($15M - $25M).
38
4.
Adj. EBITDA defined as Operating Income (Loss) plus Depreciation and Amortization, adjusted for stock-based compensation. Please reference slide 39 "Reconciliation of non-GAAP financials" for additional information.
regarding the non-GAAP measures.View entire presentation