(Unaudited)
(in thousands, except share and per share amounts)
|
Six Months Ended June 30, |
||||||
|
2022 |
|
2021 |
||||
Cash flows from operating activities: |
|
|
|
||||
Net (loss) income |
$ |
(8,711 |
) |
|
$ |
1,573 |
|
Adjustments to reconcile net (loss) income to net cash used in operating activities: |
|
|
|
||||
Depreciation and amortization |
|
559 |
|
|
|
278 |
|
Stock-based compensation expense |
|
769 |
|
|
|
345 |
|
Non-cash lease expense |
|
354 |
|
|
|
551 |
|
Non-cash debt forgiveness |
|
— |
|
|
|
(2,000 |
) |
Change in fair value of warrant liabilities |
|
(1,527 |
) |
|
|
— |
|
Change in operating assets and liabilities: |
|
|
|
||||
Accounts receivable |
|
(298 |
) |
|
|
(828 |
) |
Inventory |
|
(47 |
) |
|
|
223 |
|
Prepaid expenses and other assets |
|
(2,239 |
) |
|
|
(419 |
) |
Accounts payable |
|
(600 |
) |
|
|
(356 |
) |
| Accrued expenses and other liabilities |
|
358 |
|
|
|
(103 |
) |
| Lease liabilities |
|
(411 |
) |
|
|
(597 |
) |
| Deferred revenue |
|
(373 |
) |
|
|
(131 |
) |
| Net cash used in operating activities |
|
(12,166 |
) |
|
|
(1,464 |
) |
| Cash flows from investing activities: |
|
|
|
||||
| Purchases of property and equipment |
|
(8,454 |
) |
|
|
(143 |
) |
| Cash paid for acquisitions, net of cash acquired |
|
(8,861 |
) |
|
|
— |
|
| Net cash used in investing activities |
|
(17,315 |
) |
|
|
(143 |
) |
| Cash flows from financing activities: |
|
|
|
||||
| Proceeds from issuance of common stock |
|
288 |
|
|
|
71 |
|
| Proceeds received from exercise of preferred stock warrants |
|
— |
|
|
|
60 |
|
| Repayments of loans payable |
|
— |
|
|
|
(958 |
) |
| Net cash provided by (used in) financing activities |
|
288 |
|
|
$ |
(827 |
) |
| Net change in cash and cash equivalents and restricted cash |
$ |
(29,193 |
) |
|
$ |
(2,434 |
) |
| Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash |
|
(86 |
) |
|
|
120 |
|
| Cash and cash equivalents and restricted cash at beginning of period |
|
79,819 |
|
|
|
8,709 |
|
| Cash and cash equivalents and restricted cash at end of period |
$ |
50,540 |
|
|
$ |
6,395 |
|
| Supplemental disclosure of cash and non-cash transactions: |
|
|
|
||||
| Cash paid for interest |
$ |
— |
|
|
$ |
63 |
|
| Deferred offering costs |
$ |
— |
|
|
$ |
1,820 |
|
SHAPEWAYS HOLDINGS, INC.
