Shapeways Reports Second Quarter 2023 Results

(1) Retroactively adjusted shares issued and outstanding, and per share information to give effect to the Company's 1-for-8 reverse stock split.

SHAPEWAYS HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(in thousands, except share and per share amounts)

 

Six Months Ended June 30,

 

 

2023

 

 

2022

Cash flows from operating activities:

 

 

 

Net loss

$

(14,184)

 

$

(8,711)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

Depreciation and amortization

 

972

 

 

559

Loss on disposal of assets

 

85

 

 

Stock-based compensation expense

 

1,281

 

 

769

Non-cash lease expense

 

500

 

 

354

Deferred income taxes

 

37

 

 

Interest receivable on short-term investments

 

(530)

 

 

Change in fair value of warrant liabilities

 

 

 

(1,527)

Change in operating assets and liabilities:

 

 

 

Accounts receivable

 

(1,577)

 

 

(298)

Inventory

 

(471)

 

 

(47)

Prepaid expenses and other assets

 

12

 

 

(2,239)

Accounts payable

 

80

 

 

(600)

Accrued expenses and other liabilities

 

(1,457)

 

 

358

Operating lease liabilities

 

(480)

 

 

(411)

Deferred revenue

 

866

 

 

(373)

Net cash used in operating activities

 

(14,866)

 

 

(12,166)

Cash flows from investing activities:

 

 

 

Purchases of property and equipment

 

(1,686)

 

 

(8,454)

Purchase of short-term investments

 

(9,769)

 

 

Proceeds from settlement of short-term investments

 

10,000

 

 

Cash paid for acquisitions, net of cash acquired

 

 

 

(8,861)

Net cash used in investing activities

 

(1,455)

 

 

(17,315)

Cash flows from financing activities:

 

 

 

Proceeds received from other finance obligations

 

493

 

 

Principal payments on finance leases

 

(27)

 

 

Payments on other finance obligations

 

(13)

 

 

Payments of taxes on restricted stock units withheld for employee taxes

 

(111)

 

 

Proceeds from issuance of common stock

 

 

 

288

Net cash provided by financing activities

 

342

 

 

288

Net change in cash and cash equivalents and restricted cash

 

(15,979)

 

 

(29,193)

Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash

 

14

 

 

(86)

Cash and cash equivalents and restricted cash at beginning of period

 

30,769

 

 

79,819

Cash and cash equivalents and restricted cash at end of period

$

14,804

 

$

50,540

Supplemental disclosure of cash and non-cash transactions:

 

 

 

Cash paid for interest

$

52

 

$

Purchase of property and equipment included in accounts payable

$

39

 

$

Issuance of common stock upon settlement of earnout liability

$

537

 

$

SHAPEWAYS HOLDINGS, INC.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise