| Xometry, Inc. and Subsidiaries | ||||||||||||||||
| Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss | ||||||||||||||||
| (In thousands, except share and per share amounts) | ||||||||||||||||
|
Three Months Ended
June 30, |
Six Months Ended
June 30, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| Revenue | $ | 111,008 | $ | 95,615 | $ | 216,334 | $ | 179,286 | ||||||||
| Cost of revenue | 67,452 | 57,919 | 133,409 | 108,651 | ||||||||||||
| Gross profit | 43,556 | 37,696 | 82,925 | 70,635 | ||||||||||||
| Sales and marketing | 22,666 | 18,145 | 45,105 | 37,430 | ||||||||||||
| Operations and support | 14,220 | 12,180 | 26,828 | 24,538 | ||||||||||||
| Product development | 8,922 | 7,796 | 17,047 | 15,085 | ||||||||||||
| General and administrative | 25,582 | 15,057 | 41,539 | 28,017 | ||||||||||||
| Impairment of assets | 219 | 119 | 246 | 119 | ||||||||||||
| Total operating expenses | 71,609 | 53,297 | 130,765 | 105,189 | ||||||||||||
| Loss from operations | (28,053 | ) | (15,601 | ) | (47,840 | ) | (34,554 | ) | ||||||||
| Other income (expenses) | ||||||||||||||||
| Interest expense | (1,193 | ) | (1,209 | ) | (2,391 | ) | (1,978 | ) | ||||||||
| Interest and dividend income | 2,959 | 474 | 5,654 | 570 | ||||||||||||
| Other expenses | (576 | ) | (482 | ) | (559 | ) | (1,444 | ) | ||||||||
| Income from unconsolidated joint venture | 237 | 269 | 303 | 303 | ||||||||||||
| Total other income (expenses) | 1,427 | (948 | ) | 3,007 | (2,549 | ) | ||||||||||
| Loss before income taxes | (26,626 | ) | (16,549 | ) | (44,833 | ) | (37,103 | ) | ||||||||
| Benefit (provision) for income taxes | 67 | - | (69 | ) | 559 | |||||||||||
| Net loss | (26,559 | ) | (16,549 | ) | (44,902 | ) | (36,544 | ) | ||||||||
| Net (loss) income attributable to noncontrolling interest | (5 | ) | 4 | (4 | ) | 21 | ||||||||||
| Net loss attributable to common stockholders | $ | (26,554 | ) | $ | (16,553 | ) | $ | (44,898 | ) | $ | (36,565 | ) | ||||
| Net loss per share, basic and diluted, of Class A and Class B common stock | $ | (0.55 | ) | $ | (0.35 | ) | $ | (0.94 | ) | $ | (0.78 | ) | ||||
| Weighted-average number of shares outstanding used to compute net loss per share, basic and diluted, of Class A and Class B common stock | 47,865,990 | 47,074,246 | 47,783,235 | 46,932,702 | ||||||||||||
| Comprehensive loss: | ||||||||||||||||
| Foreign currency translation | $ | 224 | $ | 14 | $ | 359 | $ | (14 | ) | |||||||
| Total other comprehensive income (loss) | 224 | 14 | 359 | (14 | ) | |||||||||||
| Net loss | (26,559 | ) | (16,549 | ) | (44,902 | ) | (36,544 | ) | ||||||||
| Comprehensive loss | (26,335 | ) | (16,535 | ) | (44,543 | ) | (36,558 | ) | ||||||||
| Comprehensive income attributable to noncontrolling interest | 19 | 37 | 24 | 71 | ||||||||||||
| Total comprehensive loss attributable to common stockholders | $ | (26,354 | ) | $ | (16,572 | ) | $ | (44,567 | ) | $ | (36,629 | ) | ||||
