|
Xometry, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations and Comprehensive Loss (In thousands, except share and per share amounts) (Unaudited) | ||||||||||||||||
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Revenue | $ | 141,698 | $ | 118,927 | $ | 396,983 | $ | 335,261 | ||||||||
| Cost of revenue | 85,873 | 72,678 | 240,379 | 206,087 | ||||||||||||
| Gross profit | 55,825 | 46,249 | 156,604 | 129,174 | ||||||||||||
| Sales and marketing | 27,204 | 23,210 | 81,891 | 68,315 | ||||||||||||
| Operations and support | 14,698 | 12,622 | 42,918 | 39,450 | ||||||||||||
| Product development | 9,344 | 8,523 | 28,952 | 25,570 | ||||||||||||
| General and administrative | 16,060 | 14,940 | 47,470 | 56,479 | ||||||||||||
| Impairment of assets | - | 151 | - | 397 | ||||||||||||
| Total operating expenses | 67,306 | 59,446 | 201,231 | 190,211 | ||||||||||||
| Loss from operations | (11,481 | ) | (13,197 | ) | (44,627 | ) | (61,037 | ) | ||||||||
| Other income (expenses) | ||||||||||||||||
| Interest expense | (1,187 | ) | (1,205 | ) | (3,564 | ) | (3,596 | ) | ||||||||
| Interest and dividend income | 2,781 | 2,994 | 8,275 | 8,648 | ||||||||||||
| Other expenses | (444 | ) | (597 | ) | (1,064 | ) | (1,156 | ) | ||||||||
| Income from unconsolidated joint venture | 162 | 134 | 493 | 437 | ||||||||||||
| Total other income | 1,312 | 1,326 | 4,140 | 4,333 | ||||||||||||
| Loss before income taxes | (10,169 | ) | (11,871 | ) | (40,487 | ) | (56,704 | ) | ||||||||
| Provision for income taxes | (30 | ) | (139 | ) | (20 | ) | (208 | ) | ||||||||
| Net loss | (10,199 | ) | (12,010 | ) | (40,507 | ) | (56,912 | ) | ||||||||
| Net income attributable to noncontrolling interest | - | 13 | 5 | 9 | ||||||||||||
| Net loss attributable to common stockholders | $ | (10,199 | ) | $ | (12,023 | ) | $ | (40,512 | ) | $ | (56,921 | ) | ||||
| Net loss per share, basic and diluted, of Class A and Class B common
stock | $ | (0.21 | ) | $ | (0.25 | ) | $ | (0.83 | ) | $ | (1.19 | ) | ||||
| Weighted-average number of shares outstanding used to compute
net loss per share, basic and diluted, of Class A and Class B common stock | 49,282,164 | 47,989,277 | 48,901,475 | 47,852,671 | ||||||||||||
| Net loss | $ | (10,199 | ) | $ | (12,010 | ) | $ | (40,507 | ) | $ | (56,912 | ) | ||||
| Comprehensive loss: | ||||||||||||||||
| Foreign currency translation | 795 | 91 | 430 | 450 | ||||||||||||
| Total other comprehensive income | 795 | 91 | 430 | 450 | ||||||||||||
| Comprehensive loss | (9,404 | ) | (11,919 | ) | (40,077 | ) | (56,462 | ) | ||||||||
| Comprehensive (loss) income attributable to noncontrolling interest | (23 | ) | 21 | 8 | 45 | |||||||||||
| Total comprehensive loss attributable to common stockholders | $ | (9,381 | ) | $ | (11,940 | ) | $ | (40,085 | ) | $ | (56,507 | ) | ||||
