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Xometry, Inc. and Subsidiaries
Reconciliations of Non-GAAP Financial Measures (In thousands, except share and per share amounts) (Unaudited) | ||||||||||||||||
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For the Three Months
Ended September 30, |
For the Nine Months
Ended September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Adjusted EBITDA: | ||||||||||||||||
| Net loss | $ | (10,199 | ) | $ | (12,010 | ) | $ | (40,507 | ) | $ | (56,912 | ) | ||||
| Add (deduct): | ||||||||||||||||
| Interest expense, interest and dividend income and other expenses | (1,150 | ) | (1,192 | ) | (3,647 | ) | (3,896 | ) | ||||||||
| Depreciation and amortization(1) | 3,213 | 2,478 | 9,622 | 7,939 | ||||||||||||
| Amortization of lease intangible | 180 | 180 | 540 | 770 | ||||||||||||
| Provision for income taxes | 30 | 139 | 20 | 208 | ||||||||||||
| Stock-based compensation (2) | 6,954 | 5,730 | 21,115 | 16,222 | ||||||||||||
| Payroll tax expense related to stock-based compensation (3) | 96 | — | 876 | — | ||||||||||||
| Lease abandonment (4) | — | — | — | 8,706 | ||||||||||||
| Acquisition and other (5) | — | 117 | 686 | 343 | ||||||||||||
| Charitable contribution of common stock | 406 | 326 | 1,063 | 696 | ||||||||||||
| Income from unconsolidated joint venture | (162 | ) | (134 | ) | (493 | ) | (437 | ) | ||||||||
| Impairment of assets | — | 151 | — | 397 | ||||||||||||
| Restructuring charge (6) | — | — | — | 738 | ||||||||||||
| Costs to exit the tools and materials business | — | — | — | 586 | ||||||||||||
| Adjusted EBITDA | $ | (632 | ) | $ | (4,215 | ) | $ | (10,725 | ) | $ | (24,640 | ) | ||||
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Xometry Reports Third Quarter 2024 Results
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