(2) Represents the non-cash expense related to stock-based awards granted to employees, as included in the Company’s GAAP results of operations.
(3) In the second quarter of 2024, we changed the definition of Adjusted EBITDA and Non-GAAP Net Loss to exclude payroll tax expense related to stock-based compensation. For prior periods, this amount was considered de minimis and, accordingly, we have not adjusted the Adjusted EBITDA or Non-GAAP Net Loss amounts for such periods.
(4) Amount is recorded in general and administrative and/or other expenses.
(5)Includes adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.
(6) Costs associated with the May 2023 reduction in workforce.
Xometry, Inc. and Subsidiaries
Segment Results
(In thousands)
(Unaudited)
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Segment Revenue: | ||||||||||||||||
| U.S. | $ | 112,166 | $ | 95,433 | $ | 215,529 | $ | 189,336 | ||||||||
| International | 20,429 | 15,575 | 39,756 | 26,998 | ||||||||||||
| Total revenue | $ | 132,595 | $ | 111,008 | $ | 255,285 | $ | 216,334 | ||||||||
| Segment Net Loss: | ||||||||||||||||
| U.S. | $ | (7,114 | ) | $ | (22,912 | ) | $ | (18,932 | ) | $ | (35,849 | ) | ||||
| International | (6,583 | ) | (3,642 | ) | (11,381 | ) | (9,049 | ) | ||||||||
| Total net loss attributable to common stockholders | $ | (13,697 | ) | $ | (26,554 | ) | $ | (30,313 | ) | $ | (44,898 | ) | ||||
Xometry, Inc. and Subsidiaries
