| Investor Contact: | Media Contact: |
|
Shawn Milne VP Investor Relations 240-335-8132 shawn.milne@xometry.com | Matthew Hutchison
Corporate Communications for Xometry 415-583-2119 matthew.hutchison@xometry.com |
Xometry, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| September 30, | December 31, | |||||||
| 2022 | 2021 | |||||||
| (unaudited) | (audited) | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 30,497 | $ | 86,262 | ||||
| Marketable securities | 310,694 | 30,465 | ||||||
| Accounts receivable, less allowance for credit losses of $1.6 million as of September 30, 2022 and $0.8 million as of December 31, 2021 | 50,889 | 32,427 | ||||||
| Inventory | 5,632 | 2,033 | ||||||
| Prepaid expenses | 7,675 | 6,664 | ||||||
| Other current assets | 4,357 | 5,580 | ||||||
| Total current assets | 409,744 | 163,431 | ||||||
| Property and equipment, net | 16,303 | 10,287 | ||||||
| Operating lease right-of-use assets | 23,299 | 27,489 | ||||||
| Investment in unconsolidated joint venture | 4,298 | 4,198 | ||||||
| Intangible assets, net | 40,287 | 41,736 | ||||||
| Goodwill | 259,971 | 254,672 | ||||||
| Other assets | 382 | 773 | ||||||
| Total assets | $ | 754,284 | $ | 502,586 | ||||
| Liabilities and stockholders’ equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 12,075 | $ | 12,718 | ||||
| Accrued expenses | 36,476 | 30,905 | ||||||
| Contract liabilities | 10,600 | 7,863 | ||||||
| Operating lease liabilities, current portion | 5,898 | 5,549 | ||||||
| Finance lease liabilities, current portion | — | 2 | ||||||
| Total current liabilities | 65,049 | 57,037 | ||||||
| Operating lease liabilities, net of current portion | 13,513 | 16,920 | ||||||
| Convertible notes | 279,441 | — | ||||||
| Income taxes payable | 1,532 | 1,468 | ||||||
| Other liabilities | 1,787 | 1,678 | ||||||
| Total liabilities | 361,322 | 77,103 | ||||||
| Commitments and contingencies | ||||||||
| Stockholders’ equity | ||||||||
| Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively | — | — | ||||||
| Class A Common stock, $0.000001 par value. Authorized; 750,000,000 shares; 44,721,409 shares and 43,998,404 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively | — | — | ||||||
| Class B Common stock, $0.000001 par value. Authorized; 5,000,000 shares; 2,676,154 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively | — | — | ||||||
| Additional paid-in capital | 617,278 | 597,641 | ||||||
| Accumulated other comprehensive income (loss) | (492 | ) | 149 | |||||
| Accumulated deficit | (224,943 | ) | (173,341 | ) | ||||
| Total stockholders’ equity | 391,843 | 424,449 | ||||||
| Noncontrolling interest | 1,119 | 1,034 | ||||||
| Total equity | 392,962 | 425,483 | ||||||
| Total liabilities and stockholders’ equity | $ | 754,284 | $ | 502,586 | ||||
Xometry, Inc. and Subsidiaries
