Xometry, Inc. Reports Third Quarter 2021 Results

Xometry, Inc. and Subsidiaries
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share amounts)

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2021     2020     2021     2020  
                   
Revenue   $ 56,727     $ 41,953     $ 151,238     $ 103,425  
Cost of revenue     42,233       31,778       115,033       79,619  
Gross profit     14,494       10,175       36,205       23,806  
Sales and marketing     9,828       5,986       26,250       15,842  
Operations and support     5,775       3,671       15,594       10,138  
Product development     4,376       3,003       12,131       8,879  
General and administrative     8,778       3,282       18,343       8,792  
Total operating expenses     28,757       15,942       72,318       43,651  
Loss from operations     (14,263 )     (5,767 )     (36,113 )     (19,845 )
Other (expenses) income                        
Interest expense     (79 )     (309 )     (799 )     (939 )
Interest and dividend income     417       2       457       215  
Other expenses     (786 )     (109 )     (1,021 )     (340 )
Total other expenses     (448 )     (416 )     (1,363 )     (1,064 )
Net loss     (14,711 )     (6,183 )     (37,476 )     (20,909 )
Deemed dividend to preferred stockholders           (8,801 )           (8,801 )
Net loss attributable to common stockholders   $ (14,711 )   $ (14,984 )   $ (37,476 )   $ (29,710 )
Net loss per share, basic and diluted   $ (0.33 )   $ (1.99 )   $ (1.87 )   $ (3.98 )
Weighted-average number of shares outstanding used to compute
net loss per share, basic and diluted
    43,962,863       7,546,458       20,092,600       7,458,671  
                         
                         
Comprehensive loss:                        
Foreign currency translation   $ (41 )   $ (65 )   $ (24 )   $ (92 )
Total other comprehensive loss     (41 )     (65 )     (24 )     (92 )
Net loss     (14,711 )     (6,183 )     (37,476 )     (20,909 )
Total comprehensive loss   $ (14,752 )   $ (6,248 )   $ (37,500 )   $ (21,001 )

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