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SHAPEWAYS HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) (in thousands, except share and per share amounts) | |||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Revenue, net | $ | 8,371 | $ | 8,449 | $ | 25,010 | $ | 24,452 | |||||||
| Cost of revenue | 4,926 | 4,758 | 14,872 | 13,710 | |||||||||||
| Gross profit | 3,445 | 3,691 | 10,138 | 10,742 | |||||||||||
| Operating expenses | |||||||||||||||
| Selling, general and administrative | 10,964 | 7,605 | 27,526 | 20,516 | |||||||||||
| Research and development | 2,257 | 2,572 | 7,261 | 6,992 | |||||||||||
| Impairment on assets held for sale | 9,680 | — | 9,680 | — | |||||||||||
| Total operating expenses | 22,901 | 10,177 | 44,467 | 27,508 | |||||||||||
| Loss from operations | (19,456 | ) | (6,486 | ) | (34,329 | ) | (16,766 | ) | |||||||
| Other income (expense) | |||||||||||||||
| Interest income | 247 | 21 | 913 | 23 | |||||||||||
| Interest expense | (35 | ) | (7 | ) | (87 | ) | (7 | ) | |||||||
| Loss on disposal of assets | — | — | (85 | ) | — | ||||||||||
| Change in fair value of earnout liability | — | 1,784 | — | 1,784 | |||||||||||
| Change in fair value of warrant liabilities | — | 31 | — | 1,558 | |||||||||||
| Other income | 70 | 110 | 268 | 149 | |||||||||||
| Total other income (expense), net | 282 | 1,939 | 1,009 | 3,507 | |||||||||||
| Loss before income tax expense | (19,174 | ) | (4,547 | ) | (33,320 | ) | (13,259 | ) | |||||||
| Income tax expense | 19 | 3 | 57 | 2 | |||||||||||
| Net loss | (19,193 | ) | (4,550 | ) | (33,377 | ) | (13,261 | ) | |||||||
| Net loss per share: | |||||||||||||||
| Basic (1) | $ | (2.75 | ) | $ | (0.68 | ) | $ | (4.89 | ) | $ | (2.00 | ) | |||
| Diluted (1) | $ | (2.75 | ) | $ | (0.68 | ) | $ | (4.89 | ) | $ | (2.00 | ) | |||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic (1) | 6,968,534 | 6,648,195 | 6,824,520 | 6,623,168 | |||||||||||
| Diluted (1) | 6,968,534 | 6,648,195 | 6,824,520 | 6,623,168 | |||||||||||
| Other comprehensive income (loss) | |||||||||||||||
| Foreign currency translation adjustment | (65 | ) | (125 | ) | (21 | ) | (351 | ) | |||||||
| Comprehensive loss | $ | (19,258 | ) | $ | (4,675 | ) | $ | (33,398 | ) | $ | (13,612 | ) | |||
| (1) Retroactively adjusted shares issued and outstanding, and per share information to give effect to the Company's 1-for-8 reverse stock split. | |||||||||||||||
