Xometry Reports Fourth Quarter and Full Year 2021 Results

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

   Three Months Ended
December 31,
   Year Ended
December 31,
 
   2021   2020   2021   2020 
   (unaudited)   (unaudited)    
Revenue $67,098  $37,980  $218,336  $141,406 
Cost of revenue  46,161   28,501   161,195   108,120 
Gross profit  20,937   9,479   57,141   33,286 
Sales and marketing  13,173   6,725   39,422   22,567 
Operations and support  8,089   3,973   23,683   14,111 
Product development  5,648   3,307     17,780       12,186  
General and administrative     16,601       3,255       34,942       12,046  
Impairment of goodwill and intangible assets           1,592             1,592  
Total operating expenses     43,511       18,852       115,827       62,502  
Loss from operations     (22,574 )     (9,373 )     (58,686 )     (29,216 )
Other (expenses) income                        
Interest expense     (53 )     (365 )     (852 )     (1,089 )
Interest and dividend income     525             982        
Other expenses     (1,846 )     (440 )     (2,866 )     (780 )
Income from unconsolidated joint venture     41             41        
Total other expenses     (1,333 )     (805 )     (2,695 )     (1,869 )
Net loss     (23,907 )     (10,178 )     (61,381 )     (31,085 )
Deemed dividend to preferred stockholders                       (8,801 )
Net loss attributable to noncontrolling interest     2             2        
Net loss attributable to common stockholders   $ (23,905 )   $ (10,178 )   $ (61,379 )   $ (39,886 )
Net loss per share, basic and diluted   $ (0.53 )   $ (1.34 )   $ (2.33 )   $ (5.32 )
Weighted-average number of shares outstanding used to compute
net loss per share, basic and diluted
    44,995,598       7,572,935       26,318,349       7,492,876  
                         
                         
Comprehensive loss:                        
Foreign currency translation   $ (38 )   $     $ (61 )   $ 210  
Total other comprehensive (loss) income     (38 )           (61 )     210  
Net loss     (23,907 )     (10,178 )     (61,381 )     (31,085 )
Comprehensive loss     (23,945 )     (10,178 )     (61,442 )     (30,875 )
Comprehensive loss attributable to noncontrolling interest                        
Total comprehensive loss attributable to common stockholders   $ (23,945 )   $ (10,178 )   $ (61,442 )   $ (30,875 )



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