Xometry Reports Second 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)   Amount is recorded in general and administrative and/or other expenses.
(4)   Includes adjustments related to purchase accounting, the revaluation of contingent consideration and transaction costs.
(5)   Costs associated with the May 2023 reduction in workforce.

Xometry, Inc. and Subsidiaries
Unaudited Segment Results
(In thousands)
 
   For the Three Months Ended
June 30,
   For the Six Months Ended
June 30,
 
   2023   2022   2023   2022 
Segment Revenue:      
U.S. $95,433  $87,675  $189,336  $163,724 
International  15,575   7,940   26,998   15,562 
Total revenue $111,008  $95,615  $216,334  $179,286 
             
Segment Net Loss:            
U.S.  $ (22,912 )   $ (11,222 )   $ (35,849 )   $ (26,245 )
International     (3,642 )     (5,331 )     (9,049 )     (10,320 )
Total net loss attributable to common stockholders   $ (26,554 )   $ (16,553 )   $ (44,898 )   $ (36,565 )

  

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