|
Xometry, Inc. and Subsidiaries
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (In thousands, except share and per share amounts) | ||||||||||||||||
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| Revenue | $ | 118,927 | $ | 103,571 | $ | 335,261 | $ | 282,857 | ||||||||
| Cost of revenue | 72,678 | 62,670 | 206,087 | 171,321 | ||||||||||||
| Gross profit | 46,249 | 40,901 | 129,174 | 111,536 | ||||||||||||
| Sales and marketing | 23,210 | 21,416 | 68,315 | 58,846 | ||||||||||||
| Operations and support | 12,622 | 11,620 | 39,450 | 36,158 | ||||||||||||
| Product development | 8,523 | 7,613 | 25,570 | 22,698 | ||||||||||||
| General and administrative | 14,940 | 15,126 | 56,479 | 43,143 | ||||||||||||
| Impairment of assets | 151 | 325 | 397 | 444 | ||||||||||||
| Total operating expenses | 59,446 | 56,100 | 190,211 | 161,289 | ||||||||||||
| Loss from operations | (13,197 | ) | (15,199 | ) | (61,037 | ) | (49,753 | ) | ||||||||
| Other income (expenses) | ||||||||||||||||
| Interest expense | (1,205 | ) | (1,194 | ) | (3,596 | ) | (3,172 | ) | ||||||||
| Interest and dividend income | 2,994 | 1,344 | 8,648 | 1,914 | ||||||||||||
| Other expenses | (597 | ) | (289 | ) | (1,156 | ) | (1,733 | ) | ||||||||
| Income from unconsolidated joint venture | 134 | 297 | 437 | 600 | ||||||||||||
| Total other income (expenses) | 1,326 | 158 | 4,333 | (2,391 | ) | |||||||||||
| Loss before income taxes | (11,871 | ) | (15,041 | ) | (56,704 | ) | (52,144 | ) | ||||||||
| (Provision) benefit for income taxes | (139 | ) | - | (208 | ) | 559 | ||||||||||
| Net loss | (12,010 | ) | (15,041 | ) | (56,912 | ) | (51,585 | ) | ||||||||
| Net income (loss) attributable to noncontrolling interest | 13 | (4 | ) | 9 | 17 | |||||||||||
| Net loss attributable to common stockholders | $ | (12,023 | ) | $ | (15,037 | ) | $ | (56,921 | ) | $ | (51,602 | ) | ||||
| Net loss per share, basic and diluted, of Class A and Class B common
stock | $ | (0.25 | ) | $ | (0.32 | ) | $ | (1.19 | ) | $ | (1.10 | ) | ||||
| Weighted-average number of shares outstanding used to compute
net loss per share, basic and diluted, of Class A and Class B common stock | 47,989,277 | 47,303,090 | 47,852,671 | 47,057,521 | ||||||||||||
| Comprehensive loss: | ||||||||||||||||
| Foreign currency translation | $ | 91 | $ | (559 | ) | $ | 450 | $ | (573 | ) | ||||||
| Total other comprehensive income (loss) | 91 | (559 | ) | 450 | (573 | ) | ||||||||||
| Net loss | (12,010 | ) | (15,041 | ) | (56,912 | ) | (51,585 | ) | ||||||||
| Comprehensive loss | (11,919 | ) | (15,600 | ) | (56,462 | ) | (52,158 | ) | ||||||||
| Comprehensive income attributable to noncontrolling interest | 21 | 14 | 45 | 85 | ||||||||||||
| Total comprehensive loss attributable to common stockholders | $ | (11,940 | ) | $ | (15,614 | ) | $ | (56,507 | ) | $ | (52,243 | ) | ||||
