(UNAUDITED)
(in thousands, except share and per share amounts)
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
2022 |
|
2021 |
|
2022 |
|
2021 |
||||||||
Revenue, net |
$ |
8,433 |
|
|
$ |
8,849 |
|
|
$ |
16,003 |
|
|
$ |
17,638 |
|
Cost of revenue |
|
4,791 |
|
|
|
4,556 |
|
|
|
8,952 |
|
|
|
9,216 |
|
Gross profit |
|
3,642 |
|
|
|
4,293 |
|
|
|
7,051 |
|
|
|
8,422 |
|
Operating expenses |
|
|
|
|
|
|
|
||||||||
Selling, general and administrative |
|
6,766 |
|
|
|
3,181 |
|
|
|
12,911 |
|
|
|
6,214 |
|
Research and development |
|
2,355 |
|
|
|
1,116 |
|
|
|
4,420 |
|
|
|
2,426 |
|
| Total operating expenses |
|
9,121 |
|
|
|
4,297 |
|
|
|
17,331 |
|
|
|
8,640 |
|
| Loss from operations |
|
(5,479 |
) |
|
|
(4 |
) |
|
|
(10,280 |
) |
|
|
(218 |
) |
| Other income (expense) |
|
|
|
|
|
|
|
||||||||
| Long-term debt forgiveness |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,000 |
|
| Change in fair value of warrant liabilities |
|
765 |
|
|
|
— |
|
|
|
1,527 |
|
|
|
— |
|
| Interest expense |
|
— |
|
|
|
(130 |
) |
|
|
— |
|
|
|
(281 |
) |
| Interest income |
|
1 |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
| Other income |
|
38 |
|
|
|
1 |
|
|
|
39 |
|
|
|
1 |
|
| Total other income (expense), net |
|
804 |
|
|
|
(129 |
) |
|
|
1,568 |
|
|
|
1,720 |
|
| (Loss) income before income tax benefit |
|
(4,675 |
) |
|
|
(133 |
) |
|
|
(8,712 |
) |
|
|
1,502 |
|
| Income tax benefit (expense) |
|
1 |
|
|
|
(2 |
) |
|
|
1 |
|
|
|
71 |
|
| Net (loss) income |
|
(4,674 |
) |
|
|
(135 |
) |
|
|
(8,711 |
) |
|
|
1,573 |
|
| Net (loss) income per share: |
|
|
|
|
|
|
|
||||||||
| Basic |
$ |
(0.09 |
) |
|
$ |
— |
|
|
$ |
(0.16 |
) |
|
$ |
0.04 |
|
| Diluted |
$ |
(0.09 |
) |
|
$ |
— |
|
|
$ |
(0.16 |
) |
|
$ |
0.04 |
|
| Weighted average common shares outstanding: |
|
|
|
|
|
|
|
||||||||
| Basic |
|
53,069,269 |
|
|
|
36,079,478 |
|
|
|
52,925,199 |
|
|
|
36,043,718 |
|
| Diluted |
|
53,069,269 |
|
|
|
36,079,478 |
|
|
|
52,925,199 |
|
|
|
36,043,718 |
|
| Other comprehensive (loss) income |
|
|
|
|
|
|
|
||||||||
| Foreign currency translation adjustment |
|
(174 |
) |
|
|
(8 |
) |
|
|
(226 |
) |
|
|
(17 |
) |
| Comprehensive (loss) income |
$ |
(4,848 |
) |
|
$ |
(143 |
) |
|
$ |
(8,937 |
) |
|
$ |
1,556 |
|
SHAPEWAYS HOLDINGS, INC.
