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H.S. senior Avg
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New words:
accrual, bore, clearance, cleared, consummate, consummated, contemplated, Eastern, Energy, HSR, implement, law, Ministry, Ordinance, paragraph, proposed, proxy, Schedule, successful, Unlisted, voted
Removed:
acquisition, deployment, fixed, floating, hierarchy, level, liquidity, nominal, quoted, sustaining, variable
Financial report summary
?Competition
GE Aerospace • HP • Stratasys • Voxeljet • Eos • Desktop Metal • Desktop Metal Inc - Ordinary SharesRisks
- We may not be able to consistently generate operating profits.
- Our revenues and operating results may fluctuate.
- Customer demands for certain qualities and capabilities in our machines are constantly evolving. We may not be able to respond to customer demand as quickly as a better capitalized competitor may be able to respond.
- We face significant competition in many aspects of our business, which could cause our revenues and gross profit to decline. Competition could also cause us to reduce sales prices or to incur additional marketing or production costs, which could result in decreased revenue, increased costs and reduced margins.
- We may not be able to retain or hire the number of skilled employees that we need to achieve our business plan.
- Defects in new products or in enhancements to our existing products that give rise to product returns or warranty or other claims could result in material expenses, diversion of management time and attention, and damage to our reputation.
- We may not be able to consummate and/or effectively integrate strategic transactions.
- We have been, and may continue to be, the subject of cyber security attacks, which could result in disruption or failure of our information technology (“IT”) systems and could adversely affect our results of operations.
- We could be subject to personal injury, property damage, product liability, warranty and other claims involving allegedly defective products that we supply.
- We could face liability if our 3D printers are used by our customers to print dangerous objects.
- If any of our manufacturing facilities or EACs are disrupted, sales of our products may be disrupted, which could result in loss of revenues and an increase in unforeseen costs.
- Under applicable employment laws, we may not be able to enforce covenants not to compete and therefore may be unable to prevent our competitors from benefiting from the expertise of some of our former employees.
- We may not be able to protect our trade secrets and intellectual property.
- We may incur substantial costs enforcing or acquiring intellectual property rights and defending against third-party claims as a result of litigation or other proceedings.
- We may be subject to alleged infringement claims.
- We may be subject to claims that our employees have wrongfully used or disclosed alleged trade secrets of their former employers.
- We have broad discretion as to the use of the net proceeds from securities offerings and may not use them effectively.
- The market price of our common stock may fluctuate significantly.
- One of our principal stockholders is able to exert substantial influence in determining the outcome of matters which require the approval of our stockholders.
- If equity research analysts do not publish research or reports about our business, or if they issue unfavorable commentary or downgrade our shares, the price of our shares could decline.
- We incur increased costs as a result of operating as a public company, and our management is required to devote substantial time to compliance initiatives.
- We have never paid cash dividends on our common stock, and we do not anticipate paying any cash dividends on our common stock in the foreseeable future. Therefore, if our share price does not appreciate, our investors may not gain and could potentially lose on their investment in our shares.
- The right of stockholders to receive liquidation and dividend payments on our common stock is junior to the rights of holders of indebtedness and to any other senior securities we may issue in the future.
- Provisions in our charter documents or Delaware law may inhibit a takeover or make it more difficult to effect a change in control, which could adversely affect the value of our common stock.
- Raising additional capital by issuing securities may cause dilution to our stockholders.
Management Discussion
- Net loss for the three months ended September 30, 2021 was $4,907, or $0.22 per basic and diluted share, compared with a net loss of $3,273, or $0.19 per basic and diluted share, for the three months ended September 30, 2020. The increase in our net loss was primarily due to increases in both selling, general and administrative expenses and research and development expenses (further described below), partially offset by a $2,220 gain on the extinguishment of the Paycheck Protection Program (the “PPP”) loan and increases in gross margin (further described below).
- Net loss for the nine months ended September 30, 2021 was $16,621, or $0.76 per basic and diluted share, compared with a net loss of $10,944, or $0.65 per basic and diluted share, for the nine months ended September 30, 2020. The increase in our net loss was primarily due to increases in both selling, general and administrative expenses and research and development expenses (further described below) and the absence of a gain of $1,462 recognized during the three months ended March 31, 2020 associated with the sale-leaseback of our European headquarters and operating facility in Gersthofen, Germany. Partially offsetting these increases in net loss was a $2,220 gain on the extinguishment of the PPP loan and increases in gross margin (further described below).
- Revenue for the three months ended September 30, 2021 was $19,043, compared with revenue of $17,399 for the three months ended September 30, 2020, an increase of $1,644, or 9.4%. The increase in revenue resulted from an increase in revenue attributable to both of our product groups.