SHAPEWAYS HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(UNAUDITED)
(in thousands, except share and per share amounts)
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
Revenue, net |
$ |
8,440 |
|
$ |
8,433 |
|
$ |
16,639 |
|
$ |
16,003 |
Cost of revenue |
|
5,029 |
|
|
4,791 |
|
|
9,946 |
|
|
8,952 |
Gross profit |
|
3,411 |
|
|
3,642 |
|
|
6,693 |
|
|
7,051 |
Operating expenses |
|
|
|
|
|
|
|
||||
Selling, general and administrative |
|
8,081 |
|
|
6,766 |
|
|
16,562 |
|
|
12,911 |
Research and development |
|
2,478 |
|
|
2,355 |
|
|
5,004 |
|
|
4,420 |
Total operating expenses |
|
10,559 |
|
|
9,121 |
|
|
21,566 |
|
|
17,331 |
| Loss from operations |
|
(7,148) |
|
|
(5,479) |
|
|
(14,873) |
|
|
(10,280) |
| Other income (expense) |
|
|
|
|
|
|
|
||||
| Interest income |
|
347 |
|
|
1 |
|
|
666 |
|
|
2 |
| Interest expense |
|
(31) |
|
|
— |
|
|
(52) |
|
|
— |
| Other income |
|
84 |
|
|
38 |
|
|
198 |
|
|
39 |
| Loss on disposal of assets |
|
(13) |
|
|
— |
|
|
(85) |
|
|
— |
| Change in fair value of warrant liabilities |
|
— |
|
|
765 |
|
|
— |
|
|
1,527 |
| Total other income (expense), net |
|
387 |
|
|
804 |
|
|
727 |
|
|
1,568 |
| Loss before income tax expense |
|
(6,761) |
|
|
(4,675) |
|
|
(14,146) |
|
|
(8,712) |
| Income tax expense (benefit) |
|
20 |
|
|
(1) |
|
|
38 |
|
|
(1) |
| Net loss |
|
(6,781) |
|
|
(4,674) |
|
|
(14,184) |
|
|
(8,711) |
| Net loss per share: |
|
|
|
|
|
|
|
||||
| Basic (1) |
$ |
(0.99) |
|
$ |
(0.70) |
|
$ |
(2.10) |
|
$ |
(1.32) |
| Diluted (1) |
$ |
(0.99) |
|
$ |
(0.70) |
|
$ |
(2.10) |
|
$ |
(1.32) |
| Weighted average common shares outstanding: |
|
|
|
|
|
|
|
||||
| Basic (1) |
|
6,835,568 |
|
|
6,633,658 |
|
|
6,756,394 |
|
|
6,615,649 |
| Diluted (1) |
|
6,835,568 |
|
|
6,633,658 |
|
|
6,756,394 |
|
|
6,615,649 |
| Other comprehensive income (loss) |
|
|
|
|
|
|
|
||||
| Foreign currency translation adjustment |
|
5 |
|
|
(174) |
|
|
44 |
|
|
(226) |
| Comprehensive loss |
$ |
(6,776) |
|
$ |
(4,848) |
|
$ |
(14,140) |
|
$ |
(8,937) |
