Xometry Reports First Quarter 2024 Results

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

	Three Months Ended March 31,
	2024			2023

Revenue	$	122,690		$	105,326
Cost of revenue		74,788			65,957
Gross profit		47,902			39,369
Sales and marketing		27,200			22,439
Operations and support		14,047			12,608
Product development		9,590			8,125
General and administrative		14,922			15,957
Impairment of assets		-			27
Total operating expenses		65,759			59,156
Loss from operations		(17,857	)		(19,787	)
Other income (expenses)
Interest expense		(1,189	)		(1,198	)
Interest and dividend income		2,732			2,695
Other (expenses) income		(387	)		17
Income from unconsolidated joint venture		97			66
Total other income		1,253			1,580
Loss before income taxes		(16,604	)		(18,207	)
Provision for income taxes		-			(136	)
Net loss		(16,604	)		(18,343	)
Net income attributable to noncontrolling interest		12			1
Net loss attributable to common stockholders	$	(16,616	)	$	(18,344	)
Net loss per share, basic and diluted, of Class A and Class B common stock	$	(0.34	)	$	(0.38	)
Weighted-average number of shares outstanding used to compute net loss per share, basic and diluted, of Class A and Class B common stock		48,577,980			47,699,561

Net loss	$	(16,604	)	$	(18,343	)
Comprehensive loss:
Foreign currency translation		(457	)		135
Total other comprehensive (loss) income		(457	)		135
Comprehensive loss		(17,061	)		(18,208	)
Comprehensive income attributable to noncontrolling interest		29			5
Total comprehensive loss attributable to common stockholders	$	(17,090	)	$	(18,213	)

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 Next Page »