MATTERPORT INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
| June 30, | December 31, | ||||||
| 2022 | 2021 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 113,923 | $ | 139,519 | |||
| Restricted cash | — | 468 | |||||
| Short-term investments | 362,300 | 264,931 | |||||
| Accounts receivable, net | 14,521 | 10,879 | |||||
| Inventories | 6,475 | 5,593 | |||||
| Prepaid expenses and other current assets | 15,377 | 16,313 | |||||
| Total current assets | 512,596 | 437,703 | |||||
| Property and equipment, net | 25,750 | 14,118 | |||||
| Operating lease right-of-use assets | 3,087 | — | |||||
| Long-term investments | 85,842 | 263,659 | |||||
| Goodwill | 54,080 | — | |||||
| Intangible assets, net | 4,875 | — | |||||
| Other assets | 3,302 | 3,696 | |||||
| Total assets | $ | 689,532 | $ | 719,176 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities | |||||||
| Accounts payable | $ | 14,685 | $ | 12,227 | |||
| Deferred revenue | 14,302 | 11,074 | |||||
| Accrued expenses and other current liabilities | 21,228 | 10,026 | |||||
| Total current liabilities | 50,215 | 33,327 | |||||
| Warrants liability | 1,691 | 38,974 | |||||
| Contingent earn-out liability | — | 377,576 | |||||
| Deferred revenue, non-current | 288 | 874 | |||||
| Other long-term liabilities | 6,131 | 262 | |||||
| Total liabilities | 58,325 | 451,013 | |||||
| Stockholders’ equity: | |||||||
| Common stock | $ | 28 | $ | 25 | |||
| Additional paid-in capital | 1,099,617 | 737,735 | |||||
| Accumulated other comprehensive loss | (7,650 | ) | (1,539 | ) | |||
| Accumulated deficit | (460,788 | ) | (468,058 | ) | |||
| Total stockholders’ equity | 631,207 | 268,163 | |||||
| Total liabilities and stockholders’ equity | $ | 689,532 | $ | 719,176 | |||
