Xometry Reports Second Quarter 2023 Results
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For the Three Months
Ended June 30, | | |
For the Six Months
Ended June 30, | | | | |
2023 | | |
2022 | | |
2023 | | |
2022 | | |
Non-GAAP Net Loss: | | | | | | | | | | | | | | Net loss | | $ | (26,559 | ) | | $ | (16,549 | ) | | $ | (44,902 | ) | | $ | (36,544 | ) | | Add (deduct): | | | | | | | | | | | | | | Depreciation and amortization(1) | | | 2,895 | | | | 2,008 | | | | 5,461 | | | | 3,807 | | | Stock-based compensation(2) | | | 5,798 | | | | 5,479 | | | | 10,492 | | | | 8,935 | | | Amortization of lease intangible | | | 257 | | | | 333 | | | | 590 | | | | 666 | | | Amortization of deferred costs on convertible notes | | | 464 | | | | 469 | | | | 930 | | | | 781 | | | Loss on marketable securities | | | — | | | | 332 | | | | — | | | | 1,190 | | | Acquisition and other (4) | | | 196 | | | | (1,923 | ) | | | 226 | | | | (1,284 | ) | | Loss on sale of property and equipment | | | 1 | | | | — | | | | 92 | | | | 71 | | | Charitable contribution of common stock | | | — | | | | 1,285 | | | | 370 | | | | 1,285 | | | Lease abandonment and termination (3) | | | 8,778 | | | | — | | | | 8,778 | | | | — | | | Impairment of assets | | | 219 | | | | 119 | | | | 246 | | | | 119 | | | Restructuring charge (5) | | | 738 | | | | — | | | | 738 | | | | — | | | Costs to exit the supplies business | | | 586 | | | | — | | | | 586 | | | | — | | |
Non-GAAP Net Loss | | $ | (6,627 | ) | | $ | (8,447 | ) | | $ | (16,393 | ) | | $ | (20,974 | ) | | Weighted-average number of shares outstanding used to compute Non-GAAP 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 | | | | | | | | | | | | | | | | | EPS, basic and diluted, of Class A and Class B common stock | | $ | (0.55 | ) | | $ | (0.35 | ) | | $ | (0.94 | ) | | $ | (0.78 | ) | | Non-GAAP EPS, basic and diluted, of Class A and Class B common stock | | $ | (0.14 | ) | | $ | (0.18 | ) | | $ | (0.34 | ) | | $ | (0.45 | ) |
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