Xometry Reports Third Quarter 2024 Results


   For the Three Months
Ended September 30,
   For the Nine Months
Ended September 30,
 
   2024    2023    2024    2023  
Non-GAAP Net Income (Loss):                
Net loss $(10,199) $(12,010) $(40,507) $(56,912)
Add (deduct):            
Depreciation and amortization(1)  3,213   2,478   9,622   7,939 
Stock-based compensation (2)  6,954   5,730   21,115   16,222 
Payroll tax expense related to stock-based compensation(3)  96      876    
Amortization of lease intangible  180   180   540   770 
Amortization of deferred costs on convertible notes  464   466    1,394       1,396  
Acquisition and other (5)           117       686       343  
(Gain) loss on sale of property and equipment                 (23 )     92  
Charitable contribution of common stock     406       326       1,063       696  
Lease abandonment and termination (4)                       8,778  
Impairment of assets           151             397  
Restructuring charge (6)                       738  
Costs to exit the tools and materials business                       586  
Non-GAAP Net Income (Loss)   $ 1,114     $ (2,562 )   $ (5,234 )   $ (18,955 )
Weighted-average number of shares outstanding used to compute Non-GAAP Net Income (Loss) per share, basic and diluted, of Class A and Class B common stock     49,282,164       47,989,277       48,901,475       47,852,671  
                         
EPS, basic and diluted, of Class A and Class B common stock   $ (0.21 )   $ (0.25 )   $ (0.83 )   $ (1.19 )
Non-GAAP EPS, basic and diluted, of Class A and Class B common stock   $ 0.02     $ (0.05 )   $ (0.11 )   $ (0.40 )
  1. Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations.
  2. Represents the non-cash expense related to stock-based awards granted to employees, as included in the Company’s GAAP results of operations.
  3. In the second quarter of 2024, we changed the definition of Adjusted EBITDA and Non-GAAP Net Income (Loss) to exclude payroll tax expense related to stock-based compensation. For prior periods, this amount was considered de minimis and, accordingly, we have not adjusted the Adjusted EBITDA or Non-GAAP Net Income (Loss) amounts for such periods.
  4. Amount is recorded in general and administrative and/or other expenses.
  5. Includes adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.
  6. Costs associated with the May 2023 reduction in workforce.



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »
Featured Video
Editorial
Jobs
Mechanical Engineer 3 for Lam Research at Fremont, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Automate 2025 at Detroit, Michigan, USA MI - May 12 - 15, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise