|
MATTERPORT, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands, unaudited) | ||||||||
|
Nine Months Ended September
30, | ||||||||
| 2024 | 2023 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
| Net loss | $ | (216,115 | ) | $ | (155,132 | ) | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
| Depreciation and amortization | 17,284 | 14,130 | ||||||
| Accretion of discounts, net of amortization of investment premiums | (7,049 | ) | (5,511 | ) | ||||
| Stock-based compensation, net of amounts capitalized | 84,821 | 90,674 | ||||||
| Cease use of certain leased facilities | — | 123 | ||||||
| Change in fair value of warrants liability | 895 | (564 | ) | |||||
| Deferred income taxes | — | (185 | ) | |||||
| Allowance for doubtful accounts | 525 | 150 | ||||||
| Loss from excess inventory and purchase obligation | — | 1,592 | ||||||
| Other | (61 | ) | (60 | ) | ||||
| Changes in operating assets and liabilities, net of effects of businesses acquired: | ||||||||
| Accounts receivable | 1,482 | 3,489 | ||||||
| Inventories | 1,532 | (6,833 | ) | |||||
| Prepaid expenses and other assets | 656 | 2,491 | ||||||
| Accounts payable | 226 | 263 | ||||||
| Deferred revenue | 2,419 | 6,527 | ||||||
| Accrued expenses and other liabilities | 94,750 | 529 | ||||||
| Net cash used in operating activities | (18,635 | ) | (48,317 | ) | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchases of property and equipment | (170 | ) | (112 | ) | ||||
| Capitalized software and development costs | (6,846 | ) | (7,528 | ) | ||||
| Purchase of investments | (157,522 | ) | (368,119 | ) | ||||
| Maturities of investments | 257,106 | 388,201 | ||||||
| Business acquisitions, net of cash acquired | — | (4,116 | ) | |||||
| Net cash provided by investing activities | 92,568 | 8,326 | ||||||
| CASH FLOW FROM FINANCING ACTIVITIES: | ||||||||
| Proceeds from the sales of shares through employee equity incentive plans | 1,644 | 3,309 | ||||||
| Payments for taxes related to net settlement of equity awards | — | (329 | ) | |||||
| Net cash provided by financing activities | 1,644 | 2,980 | ||||||
| Net change in cash, cash equivalents, and restricted cash | 75,577 | (37,011 | ) | |||||
| Effect of exchange rate changes on cash | 61 | 25 | ||||||
| Cash, cash equivalents, and restricted cash at beginning of year | 82,902 | 117,128 | ||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 158,540 | $ | 80,142 | ||||
Amazon Web Services (AWS) Recognizes Matterport’s Expertise In Digital Twins and Connected Devices
