Shapeways Reports Second Quarter 2023 Results

RECONCILIATION OF GAAP TO NON-GAAP MEASURES

 

Three Months Ended,

(Dollars in thousands)

June 30, 2022

 

September 30, 2022

 

December 31, 2022

 

March 31, 2023

 

June 30, 2023

Net loss

$

(4,674)

 

$

(4,550)

 

$

(6,960)

 

$

(7,403)

 

$

(6,781)

Interest expense, net

 

(1)

 

 

(14)

 

 

(126)

 

 

(298)

 

 

(316)

Depreciation and amortization

 

376

 

 

473

 

 

759

 

 

442

 

 

530

Stock based compensation

 

457

 

 

1,207

 

 

636

 

 

805

 

 

476

Change in fair value of earnout liability

 

 

 

(1,784)

 

 

(40)

 

 

 

 

Change in fair value of warrant liabilities

 

(765)

 

 

(31)

 

 

(26)

 

 

 

 

Income tax (benefit) expense

 

(1)

 

 

3

 

 

29

 

 

18

 

 

20

Acquisition costs

 

373

 

 

 

 

 

 

 

 

Restructuring costs

 

 

 

190

 

 

8

 

 

212

 

 

75

Other

 

(36)

 

 

(109)

 

 

(106)

 

 

(112)

 

 

(48)

Adjusted EBITDA

$

(4,271)

 

$

(4,615)

 

$

(5,826)

 

$

(6,336)

 

$

(6,044)


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