Xometry Reports Second Quarter 2023 Results
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Xometry, Inc. and Subsidiaries | | Unaudited Supplemental Information | | (In thousands) | | | | | |
For the Three Months
Ended June 30, | | |
For the Six Months
Ended June 30, | | | | |
2023 | | |
2022 | | |
2023 | | |
2022 | | |
Summary of Stock-based Compensation Expense | | | | | | | | Sales and marketing | | $ | 1,185 | | | $ | 1,300 | | | $ | 2,237 | | | $ | 1,936 | | | Operations and support | | | 2,038 | | | | 1,741 | | | | 3,735 | | | | 3,164 | | | Product development | | | 1,390 | | | | 1,128 | | | | 2,466 | | | | 2,022 | | | General and administrative | | | 1,185 | | | | 1,310 | | | | 2,054 | | | | 1,813 | | | Total stock-based compensation expense | | $ | 5,798 | | | $ | 5,479 | | | $ | 10,492 | | | $ | 8,935 | | | | | | | | | | | | | | | | |
Summary of Depreciation and Amortization Expense | | | | | | | | | | | | | | Cost of revenue | | $ | 38 | | | $ | 24 | | | $ | 82 | | | $ | 58 | | | Sales and marketing | | | 793 | | | | 776 | | | | 1,584 | | | | 1,550 | | | Operations and support | | | 78 | | | | 16 | | | | 90 | | | | 27 | | | Product development | | | 1,393 | | | | 805 | | | | 2,704 | | | | 1,599 | | | General and administrative | | | 593 | | | | 387 | | | | 1,001 | | | | 573 | | | Total depreciation and amortization expense | | $ | 2,895 | | | $ | 2,008 | | | $ | 5,461 | | | $ | 3,807 | | | | | | | | | | | | | | | | |
Restructuring Charge | | | | | | | | | | | | | | Sales and marketing | | $ | 224 | | | $ | - | | | $ | 224 | | | $ | - | | | Operations and support | | | 230 | | | | - | | | | 230 | | | | - | | | Product development | | | 117 | | | | - | | | | 117 | | | | - | | | General and administrative | | | 167 | | | | - | | | | 167 | | | | - | | | Total restructuring charge | | $ | 738 | | | $ | - | | | $ | 738 | | | $ | - | |
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