Xometry Reports Third Quarter 2023 Results

Xometry, Inc. and Subsidiaries
Unaudited Supplemental Information
(In thousands)
 
   For the Three Months
Ended September 30,
   For the Nine Months
Ended September 30,
 
   2023   2022   2023   2022 
Summary of Stock-based Compensation Expense      
Sales and marketing $1,216  $1,135  $3,453  $3,071 
Operations and support  1,955   1,715   5,690   4,879 
Product development  1,424   1,097   3,890   3,119 
General and administrative  1,135   1,166   3,189   2,979 
Total stock-based compensation expense $5,730  $5,113  $16,222  $14,048 
             
Summary of Depreciation and Amortization Expense                 
Cost of revenue   $ 38     $ 41     $ 120     $ 99  
Sales and marketing     796       776       2,380       2,326  
Operations and support     52       15       142       43  
Product development     1,294       839       3,998       2,437  
General and administrative     298       238       1,299       811  
Total depreciation and amortization expense   $ 2,478     $ 1,909     $ 7,939     $ 5,716  
                         
Restructuring Charge                        
Sales and marketing   $ -     $ -     $ 224     $ -  
Operations and support     -       -       230       -  
Product development     -       -       117       -  
General and administrative     -       -       167       -  
Total restructuring charge   $ -     $ -     $ 738     $ -  

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