Xometry Reports Fourth Quarter and Full Year 2023 Results

(1)   Our 2022 results have been revised to reflect immaterial corrections related to certain captions within the Consolidated Balance Sheet, Consolidated Statement of Operations and Comprehensive Loss and Consolidated Statement of Cash Flows. See tables below for additional details with respect to the line items impacted.


Xometry, Inc. and Subsidiaries
Supplemental Information
(In thousands)
(Unaudited)
 
   For the Three Months
Ended December 31,
   For the Year
Ended December 31,
 
   2023   2022   2023   2022 
Summary of Stock-based Compensation Expense         
Sales and marketing $1,456  $804  $4,909  $3,875 
Operations and support  2,029   2,007   7,719   6,886 
Product development  1,455   1,181   5,345   4,300 
General and administrative  956   1,132   4,145   4,111 
Total stock-based compensation expense $5,896  $5,124  $22,118  $19,172 
                     
Summary of Depreciation and Amortization Expense                        
Cost of revenue   $ 52     $ (17 )   $ 172     $ 82  
Sales and marketing     782       776       3,162       3,102  
Operations and support     32       15       174       57  
Product development     1,976       1,046       5,974       3,483  
General and administrative     (43 )     283       1,256       1,095  
Total depreciation and amortization expense   $ 2,799     $ 2,103     $ 10,738     $ 7,819  
                         
Restructuring Charge                        
Sales and marketing   $ -     $ 506     $ 224     $ 506  
Operations and support     -       432       230       432  
Product development     -       458       117       458  
General and administrative     -       153       167       153  
Total restructuring charge   $ -     $ 1,549     $ 738     $ 1,549  

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