Xometry Reports First Quarter 2023 Results

(1)   Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations.
(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)   Includes adjustments related to purchase accounting, the revaluation of contingent consideration and transaction costs.

Xometry, Inc. and Subsidiaries
Unaudited Segment Results
(In thousands)
 
   For the Three Months Ended March 31, 
   2023   2022 
Segment Revenue:  (unaudited) 
U.S. $93,903  $77,209 
International  11,423   6,462 
Total revenue $105,326  $83,671 
       
Segment Net Loss:      
U.S. $(12,937) $(16,296)
International  (5,407)  (3,716)
Total net loss attributable to common stockholders $(18,344) $(20,012)
         

 

Xometry, Inc. and Subsidiaries
Unaudited Supplemental Information
(In thousands)
   For the Three Months
Ended March 31,
 
   2023   2022  
Summary of Stock-based Compensation Expense   (unaudited)  
Sales and marketing   $ 1,052     $ 636  
Operations and support     1,697       1,423  
Product development     1,076       894  
General and administrative     869       503  
Total stock-based compensation expense   $ 4,694     $ 3,456  
             
Summary of Depreciation and Amortization Expense            
Cost of revenue   $ 44     $ 34  
Sales and marketing     791       774  
Operations and support     12       11  
Product development     1,311       793  
General and administrative     408       187  
Total depreciation and amortization expense   $ 2,566     $ 1,799  
                 

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