Xometry, Inc. and Subsidiaries
Unaudited Condensed Consolidated Statements of Cash Flows
(In thousands)
|
Six Months Ended
June 30, | ||||||||
| 2021 | 2020 | |||||||
| Cash flows from operating activities: | ||||||||
| Net loss | $ | (22,765 | ) | $ | (14,726 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation and amortization | 1,487 | 1,389 | ||||||
| Reduction in carrying amount of right-of-use asset | 543 | 509 | ||||||
| Stock based compensation | 2,480 | 386 | ||||||
| Non-cash interest expense | 111 | 156 | ||||||
| Changes in other assets and liabilities: | ||||||||
| Accounts receivable, net | (6,874 | ) | (768 | ) | ||||
| Inventory | 778 | (772 | ) | |||||
| Prepaid expenses | (5,270 | ) | (3 | ) | ||||
| Other assets | 500 | 13 | ||||||
| Accounts payable | 7,522 | (260 | ) | |||||
| Accrued expenses | (453 | ) | 2,080 | |||||
| Contract liabilities | 1,915 | 790 | ||||||
| Lease liabilities | (534 | ) | (444 | ) | ||||
| Net cash used in operating activities | (20,560 | ) | (11,650 | ) | ||||
| Cash flows from investing activities: | ||||||||
| Purchase of short-term investments | - | (17,711 | ) | |||||
| Proceeds from short-term investments | - | 28,571 | ||||||
| Purchases of property and equipment | (2,748 | ) | (1,966 | ) | ||||
| Net cash (used in) provided by investing activities | (2,748 | ) | 8,894 | |||||
| Cash flows from financing activities: | ||||||||
| Proceeds from stock options exercised | 1,332 | 163 | ||||||
| Proceeds from term loan | - | 4,000 | ||||||
| Proceeds from other borrowings | - | 4,783 | ||||||
| Payments on finance lease obligations | (6 | ) | (6 | ) | ||||
| Payments in connection with initial public offering | (524 | ) | - | |||||
| Net cash provided by financing activities | 802 | 8,940 | ||||||
| Effect of foreign currency translation on cash and cash equivalents | (17 | ) | (2 | ) | ||||
| Net (decrease) increase in cash and cash equivalents | (22,523 | ) | 6,182 | |||||
| Cash and cash equivalents at beginning of period | 59,874 | 40,122 | ||||||
| Cash and cash equivalents at end of period | $ | 37,351 | $ | 46,304 | ||||
| Supplemental cash flow information: | ||||||||
| Cash paid for interest | $ | 659 | $ | 605 | ||||
| Non-cash investing activity: | ||||||||
| Non-cash purchase of property and equipment | $ | (150 | ) | $ | - | |||
| Non-cash financing activity: | ||||||||
| Non-cash amounts incurred in connection with initial public offering | $ | (25,938 | ) | $ | - | |||
