Xometry Reports Third Quarter 2024 Results

Investor Contact: Media Contact:
Shawn Milne
VP Investor Relations
240-335-8132
Email Contact
Matthew Hutchison
Global Corporate Communications
415-583-2119
Email Contact
  


Xometry, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets 
(In thousands, except share and per share data)
(Unaudited)
       
   September 30,     December 31,  
    2024     2023  
Assets        
Current assets:      
Cash and cash equivalents $17,430  $53,424 
Marketable securities  216,605   215,352 
Accounts receivable, less allowance for credit losses of $3.4 million and $2.4 million as of September 30, 2024 and December 31, 2023  78,530   70,102 
Inventory  3,500   2,885 
Prepaid expenses  4,789   5,571 
Other current assets  4,855   8,897 
Total current assets  325,709   356,231 
Property and equipment, net  42,323   35,637 
Operating lease right-of-use assets  9,607   12,251 
Investment in unconsolidated joint venture     4,207       4,114  
Intangible assets, net     33,039       35,768  
Goodwill     262,955       262,915  
Other assets     368       471  
Total assets   $ 678,208     $ 707,387  
Liabilities and stockholders’ equity            
Current liabilities:            
Accounts payable   $ 6,368     $ 24,710  
Accrued expenses     48,719       41,845  
Contract liabilities     8,303       7,357  
Income taxes payable     864       2,484  
Operating lease liabilities, current portion     6,638       6,799  
Total current liabilities     70,892       83,195  
Convertible notes     283,163       281,769  
Operating lease liabilities, net of current portion     6,729       10,951  
Deferred income taxes     245       275  
Other liabilities     819       778  
Total liabilities     361,848       376,968  
Commitments and contingencies            
Stockholders’ equity            
Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of  September 30, 2024 and December 31, 2023, respectively            
Class A Common stock, $0.000001 par value. Authorized; 750,000,000 shares; 46,768,801 shares and 45,489,379 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively            
Class B Common stock, $0.000001 par value. Authorized; 5,000,000 shares; 2,676,154 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively            
Additional paid-in capital     674,335       648,317  
Accumulated other comprehensive income     1,282       855  
Accumulated deficit     (360,384 )     (319,872 )
Total stockholders’ equity     315,233       329,300  
Noncontrolling interest     1,127       1,119  
Total equity     316,360       330,419  
Total liabilities and stockholders’ equity   $ 678,208     $ 707,387  
             



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »
Featured Video
Jobs
Business Technology Analyst for Surface Water Management at Everett, Washington
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Senior Principal Software Engineer for Autodesk at San Francisco, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise