|
MATTERPORT INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) | |||||||
| September 30, | December 31, | ||||||
| 2023 | 2022 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 80,142 | $ | 117,128 | |||
| Short-term investments | 327,682 | 355,815 | |||||
| Accounts receivable, net | 17,205 | 20,844 | |||||
| Inventories | 12,342 | 11,061 | |||||
| Prepaid expenses and other current assets | 8,929 | 13,084 | |||||
| Total current assets | 446,300 | 517,932 | |||||
| Property and equipment, net | 32,821 | 30,559 | |||||
| Operating lease right-of-use assets | 1,547 | 2,515 | |||||
| Long-term investments | 21,881 | 3,959 | |||||
| Goodwill | 69,593 | 69,593 | |||||
| Intangible assets, net | 9,562 | 10,890 | |||||
| Other assets | 7,502 | 4,947 | |||||
| Total assets | $ | 589,206 | $ | 640,395 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities | |||||||
| Accounts payable | $ | 8,594 | $ | 8,331 | |||
| Deferred revenue | 22,163 | 16,731 | |||||
| Accrued expenses and other current liabilities | 15,344 | 23,916 | |||||
| Total current liabilities | 46,101 | 48,978 | |||||
| Warrants liability | 239 | 803 | |||||
| Deferred revenue, non-current | 2,296 | 1,201 | |||||
| Other long-term liabilities | 514 | 5,502 | |||||
| Total liabilities | 49,150 | 56,484 | |||||
| Stockholders’ equity: | |||||||
| Common stock | $ | 31 | $ | 29 | |||
| Additional paid-in capital | 1,275,153 | 1,168,313 | |||||
| Accumulated other comprehensive loss | (599 | ) | (5,034 | ) | |||
| Accumulated deficit | (734,529 | ) | (579,397 | ) | |||
| Total stockholders’ equity | 540,056 | 583,911 | |||||
| Total liabilities and stockholders’ equity | $ | 589,206 | $ | 640,395 | |||
