| Investor Contact: | Media Contact: |
| Shawn Milne
VP Investor Relations 240-335-8132 Email Contact | Matthew Hutchison
Global Corporate Communications 415-583-2119 Email Contact |
|
Xometry, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited) | ||||||||
| September 30, | December 31, | |||||||
| 2024 | 2023 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 17,430 | $ | 53,424 | ||||
| Marketable securities | 216,605 | 215,352 | ||||||
| Accounts receivable, less allowance for credit losses of $3.4 million and $2.4 million as of September 30, 2024 and December 31, 2023 | 78,530 | 70,102 | ||||||
| Inventory | 3,500 | 2,885 | ||||||
| Prepaid expenses | 4,789 | 5,571 | ||||||
| Other current assets | 4,855 | 8,897 | ||||||
| Total current assets | 325,709 | 356,231 | ||||||
| Property and equipment, net | 42,323 | 35,637 | ||||||
| Operating lease right-of-use assets | 9,607 | 12,251 | ||||||
| Investment in unconsolidated joint venture | 4,207 | 4,114 | ||||||
| Intangible assets, net | 33,039 | 35,768 | ||||||
| Goodwill | 262,955 | 262,915 | ||||||
| Other assets | 368 | 471 | ||||||
| Total assets | $ | 678,208 | $ | 707,387 | ||||
| Liabilities and stockholders’ equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 6,368 | $ | 24,710 | ||||
| Accrued expenses | 48,719 | 41,845 | ||||||
| Contract liabilities | 8,303 | 7,357 | ||||||
| Income taxes payable | 864 | 2,484 | ||||||
| Operating lease liabilities, current portion | 6,638 | 6,799 | ||||||
| Total current liabilities | 70,892 | 83,195 | ||||||
| Convertible notes | 283,163 | 281,769 | ||||||
| Operating lease liabilities, net of current portion | 6,729 | 10,951 | ||||||
| Deferred income taxes | 245 | 275 | ||||||
| Other liabilities | 819 | 778 | ||||||
| Total liabilities | 361,848 | 376,968 | ||||||
| Commitments and contingencies | ||||||||
| Stockholders’ equity | ||||||||
| Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — | ||||||
| Class A Common stock, $0.000001 par value. Authorized; 750,000,000 shares; 46,768,801 shares and 45,489,379 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — | ||||||
| Class B Common stock, $0.000001 par value. Authorized; 5,000,000 shares; 2,676,154 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — | ||||||
| Additional paid-in capital | 674,335 | 648,317 | ||||||
| Accumulated other comprehensive income | 1,282 | 855 | ||||||
| Accumulated deficit | (360,384 | ) | (319,872 | ) | ||||
| Total stockholders’ equity | 315,233 | 329,300 | ||||||
| Noncontrolling interest | 1,127 | 1,119 | ||||||
| Total equity | 316,360 | 330,419 | ||||||
| Total liabilities and stockholders’ equity | $ | 678,208 | $ | 707,387 | ||||
