Xometry Reports First Quarter 2022 Results

Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)

   March 31,   December 31, 
   2022   2021 
   (unaudited)   (audited) 
Assets      
Current assets:      
Cash and cash equivalents $58,969  $86,262 
Marketable securities  309,694   30,465 
Accounts receivable, less allowance for doubtful accounts of $1.0 million as of March 31, 2022 and $0.8 million as of December 31, 2021  38,471   32,427 
Inventory  2,200   2,033 
Prepaid expenses  6,086   6,664 
Deferred sales commissions  6,708   5,283 
Other current assets  917   297 
Total current assets  423,045   163,431 
Property and equipment, net  11,634   10,287 
Operating lease right-of-use assets  25,804   27,489 
Investment in unconsolidated joint venture     4,231       4,198  
Intangible assets, net     40,871       41,736  
Goodwill     255,231       254,672  
Other assets     511       773  
Total assets   $ 761,327     $ 502,586  
Liabilities and stockholders’ equity            
Current liabilities:            
Accounts payable   $ 9,930     $ 12,718  
Accrued expenses     28,195       30,905  
Contract liabilities     10,008       7,863  
Operating lease liabilities, current portion     5,662       5,549  
Finance lease liabilities, current portion           2  
Total current liabilities     53,795       57,037  
Operating lease liabilities, net of current portion     15,518       16,920  
Convertible notes     278,511        
Income taxes payable     1,532       1,468  
Other liabilities     1,792       1,678  
Total liabilities     351,148       77,103  
Commitments and contingencies (Note 13)            
Stockholders’ equity            
Additional paid-in capital     602,360       597,641  
Accumulated other comprehensive income     104       149  
Accumulated deficit     (193,353 )     (173,341 )
Total stockholders’ equity     409,111       424,449  
Noncontrolling interest     1,068       1,034  
Total equity     410,179       425,483  
Total liabilities and stockholders’ equity   $ 761,327     $ 502,586  



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Equipment Engineer, Raxium for Google at Fremont, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Upcoming Events
Intergeo 2024 at Messe Stuttgart Messepiazza 1 Stuttgart Germany - Sep 24 - 26, 2024
GIS-Pro 2024 at Portland ME - Oct 7 - 10, 2024
Geo Sessions 2024 at United States - Oct 22 - 24, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise