|
MATTERPORT INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) | ||||||||
| September 30, | December 31, | |||||||
| 2024 | 2023 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 63,358 | $ | 82,902 | ||||
| Restricted cash | 95,182 | — | ||||||
| Short-term investments | 206,818 | 305,264 | ||||||
| Accounts receivable, net | 14,918 | 16,925 | ||||||
| Inventories | 7,582 | 9,115 | ||||||
| Prepaid expenses and other current assets | 9,145 | 8,635 | ||||||
| Total current assets | 397,003 | 422,841 | ||||||
| Property and equipment, net | 30,356 | 32,471 | ||||||
| Operating lease right-of-use assets | 226 | 625 | ||||||
| Long-term investments | 39,824 | 34,834 | ||||||
| Goodwill | 69,593 | 69,593 | ||||||
| Intangible assets, net | 7,792 | 9,120 | ||||||
| Other assets | 8,129 | 7,671 | ||||||
| Total assets | $ | 552,923 | $ | 577,155 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 7,812 | $ | 7,586 | ||||
| Deferred revenue | 26,885 | 23,294 | ||||||
| Accrued expenses and other current liabilities | 108,308 | 13,354 | ||||||
| Total current liabilities | 143,005 | 44,234 | ||||||
| Warrants liability | 1,185 | 290 | ||||||
| Deferred revenue, non-current | 1,969 | 3,141 | ||||||
| Other long-term liabilities | — | 206 | ||||||
| Total liabilities | 146,159 | 47,871 | ||||||
| Commitments and contingencies | ||||||||
| Stockholders’ equity: | ||||||||
| Common stock | 32 | 31 | ||||||
| Additional paid-in capital | 1,400,614 | 1,307,324 | ||||||
| Accumulated other comprehensive income | 707 | 403 | ||||||
| Accumulated deficit | (994,589 | ) | (778,474 | ) | ||||
| Total stockholders’ equity | 406,764 | 529,284 | ||||||
| Total liabilities and stockholders’ equity | $ | 552,923 | $ | 577,155 | ||||
Amazon Web Services (AWS) Recognizes Matterport’s Expertise In Digital Twins and Connected Devices
