SHAPEWAYS HOLDINGS, INC.
RECONCILIATION OF GAAP TO NON-GAAP MEASURES | |||||||||||||||||||
Three Months Ended, | |||||||||||||||||||
(Dollars in thousands) |
September 30,
2022 |
December 31,
2022 |
March 31,
2023 |
June 30,
2023 |
September 30,
2023 | ||||||||||||||
Net loss | $ | (4,550 | ) | $ | (6,960 | ) | $ | (7,403 | ) | $ | (6,781 | ) | $ | (19,193 | ) | ||||
Interest expense, net | (14 | ) | (126 | ) | (298 | ) | (316 | ) | (212 | ) | |||||||||
Depreciation and amortization | 473 | 759 | 442 | 530 | 495 | ||||||||||||||
Stock based compensation | 1,207 | 636 | 805 | 476 | 603 | ||||||||||||||
Impairment on assets held for sale | — | — | — | — | 9,680 | ||||||||||||||
Write-offs of prepaid services | — | — | — | — | 3,196 | ||||||||||||||
Write-offs of intangible assets | — | — | — | — | 481 | ||||||||||||||
Change in fair value of earnout liability | (1,784 | ) | (40 | ) | — | — | — | ||||||||||||
Change in fair value of warrant liabilities | (31 | ) | (26 | ) | — | — | — | ||||||||||||
Income tax (benefit) expense | 3 | 29 | 18 | 20 | 19 | ||||||||||||||
Acquisition costs | — | — | — | — | — | ||||||||||||||
Restructuring costs | 190 | 8 | 212 | 75 | 16 | ||||||||||||||
Other | (109 | ) | (106 | ) | (112 | ) | (48 | ) | (57 | ) | |||||||||
Adjusted EBITDA | $ | (4,615 | ) | $ | (5,826 | ) | $ | (6,336 | ) | $ | (6,044 | ) | $ | (4,972 | ) |