(In thousands, except share and per share amounts)
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Revenue | $ | 103,571 | $ | 56,727 | $ | 282,857 | $ | 151,238 | ||||||||
| Cost of revenue | 62,670 | 42,233 | 171,321 | 115,033 | ||||||||||||
| Gross profit | 40,901 | 14,494 | 111,536 | 36,205 | ||||||||||||
| Sales and marketing | 21,416 | 9,828 | 58,846 | 26,250 | ||||||||||||
| Operations and support | 11,620 | 5,775 | 36,158 | 15,594 | ||||||||||||
| Product development | 7,613 | 4,376 | 22,698 | 12,131 | ||||||||||||
| General and administrative | 15,126 | 8,778 | 43,143 | 18,343 | ||||||||||||
| Impairment of long-lived assets | 325 | - | 444 | - | ||||||||||||
| Total operating expenses | 56,100 | 28,757 | 161,289 | 72,318 | ||||||||||||
| Loss from operations | (15,199 | ) | (14,263 | ) | (49,753 | ) | (36,113 | ) | ||||||||
| Other (expenses) income | ||||||||||||||||
| Interest expense | (1,194 | ) | (79 | ) | (3,172 | ) | (799 | ) | ||||||||
| Interest and dividend income | 1,344 | 417 | 1,914 | 457 | ||||||||||||
| Other expenses | (289 | ) | (786 | ) | (1,733 | ) | (1,021 | ) | ||||||||
| Income from unconsolidated joint venture | 297 | - | 600 | - | ||||||||||||
| Total other income (expenses) | 158 | (448 | ) | (2,391 | ) | (1,363 | ) | |||||||||
| Loss before income taxes | (15,041 | ) | (14,711 | ) | (52,144 | ) | (37,476 | ) | ||||||||
| Benefit for income taxes | - | - | 559 | - | ||||||||||||
| Net loss | (15,041 | ) | (14,711 | ) | (51,585 | ) | (37,476 | ) | ||||||||
| Net (loss) income attributable to noncontrolling interest | (4 | ) | - | 17 | - | |||||||||||
| Net loss attributable to common stockholders | $ | (15,037 | ) | $ | (14,711 | ) | $ | (51,602 | ) | $ | (37,476 | ) | ||||
| Net loss per share, basic and diluted | $ | (0.32 | ) | $ | (0.33 | ) | $ | (1.10 | ) | $ | (1.87 | ) | ||||
| Weighted-average number of shares outstanding used to compute
net loss per share, basic and diluted | 47,303,090 | 43,962,863 | 47,057,521 | 20,092,600 | ||||||||||||
| Comprehensive loss: | ||||||||||||||||
| Foreign currency translation | $ | (559 | ) | $ | (41 | ) | $ | (573 | ) | $ | (24 | ) | ||||
| Total other comprehensive loss | (559 | ) | (41 | ) | (573 | ) | (24 | ) | ||||||||
| Net loss | (15,041 | ) | (14,711 | ) | (51,585 | ) | (37,476 | ) | ||||||||
| Comprehensive loss | (15,600 | ) | (14,752 | ) | (52,158 | ) | (37,500 | ) | ||||||||
| Comprehensive income attributable to noncontrolling interest | 14 | - | 85 | - | ||||||||||||
| Total comprehensive loss attributable to common stockholders | $ | (15,614 | ) | $ | (14,752 | ) | $ | (52,243 | ) | $ | (37,500 | ) | ||||
Xometry, Inc. and Subsidiaries
