(In thousands, except share and per share amounts)
|
Three Months Ended
June 30, |
Six Months Ended
June 30, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Revenue | $ | 95,615 | $ | 50,589 | $ | 179,286 | $ | 94,510 | ||||||||
| Cost of revenue | 57,919 | 38,714 | 108,651 | 72,800 | ||||||||||||
| Gross profit | 37,696 | 11,875 | 70,635 | 21,710 | ||||||||||||
| Sales and marketing | 18,145 | 8,858 | 37,430 | 16,422 | ||||||||||||
| Operations and support | 12,180 | 5,489 | 24,538 | 9,820 | ||||||||||||
| Product development | 7,796 | 4,091 | 15,085 | 7,755 | ||||||||||||
| General and administrative | 15,057 | 5,238 | 28,017 | 9,562 | ||||||||||||
| Impairment of long-lived assets | 119 | - | 119 | - | ||||||||||||
| Total operating expenses | 53,297 | 23,676 | 105,189 | 43,559 | ||||||||||||
| Loss from operations | (15,601 | ) | (11,801 | ) | (34,554 | ) | (21,849 | ) | ||||||||
| Other (expenses) income | ||||||||||||||||
| Interest expense | (1,209 | ) | (350 | ) | (1,978 | ) | (681 | ) | ||||||||
| Interest and dividend income | 474 | - | 570 | - | ||||||||||||
| Other expenses | (482 | ) | (113 | ) | (1,444 | ) | (235 | ) | ||||||||
| Income from unconsolidated joint venture | 269 | - | 303 | - | ||||||||||||
| Total other expenses | (948 | ) | (463 | ) | (2,549 | ) | (916 | ) | ||||||||
| Loss before income taxes | (16,549 | ) | (12,264 | ) | (37,103 | ) | (22,765 | ) | ||||||||
| Benefit for income taxes | - | - | 559 | - | ||||||||||||
| Net loss | (16,549 | ) | (12,264 | ) | (36,544 | ) | (22,765 | ) | ||||||||
| Net income attributable to noncontrolling interest | 4 | - | 21 | - | ||||||||||||
| Net loss attributable to common stockholders | $ | (16,553 | ) | $ | (12,264 | ) | $ | (36,565 | ) | $ | (22,765 | ) | ||||
| Net loss per share, basic and diluted | $ | (0.35 | ) | $ | (1.46 | ) | $ | (0.78 | ) | $ | (2.79 | ) | ||||
| Weighted-average number of shares outstanding used to compute
net loss per share, basic and diluted | 47,074,246 | 8,390,088 | 46,932,702 | 8,158,753 | ||||||||||||
| Comprehensive loss: | ||||||||||||||||
| Foreign currency translation | $ | 14 | $ | (13 | ) | $ | (14 | ) | $ | 17 | ||||||
| Total other comprehensive (loss) income | 14 | (13 | ) | (14 | ) | 17 | ||||||||||
| Net loss | (16,549 | ) | (12,264 | ) | (36,544 | ) | (22,765 | ) | ||||||||
| Comprehensive loss | (16,535 | ) | (12,277 | ) | (36,558 | ) | (22,748 | ) | ||||||||
| Comprehensive income attributable to noncontrolling interest | 37 | - | 71 | - | ||||||||||||
| Total comprehensive loss attributable to common stockholders | $ | (16,572 | ) | $ | (12,277 | ) | $ | (36,629 | ) | $ | (22,748 | ) | ||||
Xometry, Inc. and Subsidiaries
