Xometry Reports Second Quarter 2023 Results
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Xometry, Inc. and Subsidiaries | | Unaudited Reconciliations of Non-GAAP Financial Measures | | (In thousands) | | | | | |
For the Three Months
Ended June 30, | | |
For the Six Months
Ended June 30, | | | | |
2023 | | |
2022 | | |
2023 | | |
2022 | | |
Adjusted EBITDA: | | | | | | | | | | | | | | Net loss | | $ | (26,559 | ) | | $ | (16,549 | ) | | $ | (44,902 | ) | | $ | (36,544 | ) | | Add (deduct): | | | | | | | | | | | | | | Interest expense, interest and dividend income and other expenses | | | (1,190 | ) | | | 1,217 | | | | (2,704 | ) | | | 2,852 | | | Depreciation and amortization(1) | | | 2,895 | | | | 2,008 | | | | 5,461 | | | | 3,807 | | | Amortization of lease intangible | | | 257 | | | | 333 | | | | 590 | | | | 666 | | | (Benefit) provision for income taxes | | | (67 | ) | | | — | | | | 69 | | | | (559 | ) | | Stock-based compensation (2) | | | 5,798 | | | | 5,479 | | | | 10,492 | | | | 8,935 | | | Lease abandonment (3) | | | 8,706 | | | | — | | | | 8,706 | | | | — | | | Acquisition and other (4) | | | 196 | | | | (1,923 | ) | | | 226 | | | | (1,284 | ) | | Charitable contribution of common stock | | | — | | | | 1,285 | | | | 370 | | | | 1,285 | | | Income from unconsolidated joint venture | | | (237 | ) | | | (269 | ) | | | (303 | ) | | | (303 | ) | | Impairment of assets | | | 219 | | | | 119 | | | | 246 | | | | 119 | | | Restructuring charge (5) | | | 738 | | | | — | | | | 738 | | | | — | | | Costs to exit the supplies business | | | 586 | | | | — | | | | 586 | | | | — | | |
Adjusted EBITDA | | $ | (8,658 | ) | | $ | (8,300 | ) | | $ | (20,425 | ) | | $ | (21,026 | ) |
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