|
MATTERPORT INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) | |||||||
| June 30, | December 31, | ||||||
| 2023 | 2022 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 82,316 | $ | 117,128 | |||
| Short-term investments | 363,295 | 355,815 | |||||
| Accounts receivable, net | 18,649 | 20,844 | |||||
| Inventories | 12,198 | 11,061 | |||||
| Prepaid expenses and other current assets | 7,236 | 13,084 | |||||
| Total current assets | 483,694 | 517,932 | |||||
| Property and equipment, net | 32,684 | 30,559 | |||||
| Operating lease right-of-use assets | 1,933 | 2,515 | |||||
| Long-term investments | — | 3,959 | |||||
| Goodwill | 69,593 | 69,593 | |||||
| Intangible assets, net | 10,005 | 10,890 | |||||
| Other assets | 6,819 | 4,947 | |||||
| Total assets | $ | 604,728 | $ | 640,395 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities | |||||||
| Accounts payable | $ | 8,162 | $ | 8,331 | |||
| Deferred revenue | 21,037 | 16,731 | |||||
| Accrued expenses and other current liabilities | 20,636 | 23,916 | |||||
| Total current liabilities | 49,835 | 48,978 | |||||
| Warrants liability | 752 | 803 | |||||
| Deferred revenue, non-current | 1,820 | 1,201 | |||||
| Other long-term liabilities | 819 | 5,502 | |||||
| Total liabilities | 53,226 | 56,484 | |||||
| Commitments and contingencies | |||||||
| Redeemable convertible preferred stock | $ | — | $ | — | |||
| Stockholders’ equity: | |||||||
| Common stock | 30 | 29 | |||||
| Additional paid-in capital | 1,242,360 | 1,168,313 | |||||
| Accumulated other comprehensive loss | (1,113 | ) | (5,034 | ) | |||
| Accumulated deficit | (689,775 | ) | (579,397 | ) | |||
| Total stockholders’ equity | 551,502 | 583,911 | |||||
| Total liabilities and stockholders’ equity | $ | 604,728 | $ | 640,395 | |||
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