|
MATTERPORT INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) | |||||||
|
March 31,
2024 |
December 31,
2023 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 79,449 | $ | 82,902 | |||
| Short-term investments | 249,917 | 305,264 | |||||
| Accounts receivable, net | 18,473 | 16,925 | |||||
| Inventories | 8,457 | 9,115 | |||||
| Prepaid expenses and other current assets | 8,880 | 8,635 | |||||
| Total current assets | 365,176 | 422,841 | |||||
| Property and equipment, net | 31,808 | 32,471 | |||||
| Operating lease right-of-use assets | 493 | 625 | |||||
| Long-term investments | 89,409 | 34,834 | |||||
| Goodwill | 69,593 | 69,593 | |||||
| Intangible assets, net | 8,677 | 9,120 | |||||
| Other assets | 7,651 | 7,671 | |||||
| Total assets | $ | 572,807 | $ | 577,155 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities | |||||||
| Accounts payable | $ | 6,929 | $ | 7,586 | |||
| Deferred revenue | 26,304 | 23,294 | |||||
| Accrued expenses and other current liabilities | 13,354 | 13,354 | |||||
| Total current liabilities | 46,587 | 44,234 | |||||
| Warrants liability | 410 | 290 | |||||
| Deferred revenue, non-current | 2,803 | 3,141 | |||||
| Other long-term liabilities | — | 206 | |||||
| Total liabilities | 49,800 | 47,871 | |||||
| Commitments and contingencies | |||||||
| Stockholders’ equity: | |||||||
| Common stock | 31 | 31 | |||||
| Additional paid-in capital | 1,337,794 | 1,307,324 | |||||
| Accumulated other comprehensive income (loss) | (216 | ) | 403 | ||||
| Accumulated deficit | (814,602 | ) | (778,474 | ) | |||
| Total stockholders’ equity | 523,007 | 529,284 | |||||
| Total liabilities and stockholders’ equity | $ | 572,807 | $ | 577,155 | |||
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