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Xometry, Inc. and Subsidiaries
Reconciliations of Non-GAAP Financial Measures (In thousands, except share and per share amounts) (Unaudited) | |||||||
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For the Three Months
Ended March 31, | |||||||
| 2024 | 2023 | ||||||
| Adjusted EBITDA: | |||||||
| Net loss | $ | (16,604 | ) | $ | (18,343 | ) | |
| Add (deduct): | |||||||
| Interest expense, interest and dividend income and other (expenses) income | (1,156 | ) | (1,514 | ) | |||
| Depreciation and amortization(1) | 3,153 | 2,566 | |||||
| Amortization of lease intangible | 180 | 333 | |||||
| Provision for income taxes | — | 136 | |||||
| Stock-based compensation(2) | 6,036 | 4,694 | |||||
| Acquisition and other(3) | 686 | 30 | |||||
| Charitable contribution of common stock | 343 | 370 | |||||
| Income from unconsolidated joint venture | (97 | ) | (66 | ) | |||
| Impairment of assets | — | 27 | |||||
| Adjusted EBITDA | $ | (7,459 | ) | $ | (11,767 | ) | |
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For the Three Months
Ended March 31, | |||||||
| 2024 | 2023 | ||||||
| Non-GAAP Net Loss: | |||||||
| Net loss | $ | (16,604 | ) | $ | (18,343 | ) | |
| Add (deduct): | |||||||
| Depreciation and amortization (1) | 3,153 | 2,566 | |||||
| Stock-based compensation (2) | 6,036 | 4,694 | |||||
| Amortization of lease intangible | 180 | 333 | |||||
| Amortization of deferred costs on convertible notes | 464 | 466 | |||||
| Acquisition and other (3) | 686 | 30 | |||||
| Loss on sale of property and equipment | — | 91 | |||||
| Charitable contribution of common stock | 343 | 370 | |||||
| Impairment of assets | — | 27 | |||||
| Non-GAAP Net Loss | $ | (5,742 | ) | $ | (9,766 | ) | |
| Weighted-average number of shares outstanding used to compute Non-GAAP Net Loss per share, basic and diluted, of Class A and Class B common stock | 48,577,980 | 47,699,561 | |||||
| EPS, basic and diluted, of Class A and Class B common stock | $ | (0.34 | ) | $ | (0.38 | ) | |
| Non-GAAP EPS, basic and diluted, of Class A and Class B common stock | $ | (0.12 | ) | $ | (0.20 | ) | |
| (1) Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations. | |||||||
| (2) Represents the non-cash expense related to stock-based awards granted to employees, as included in the Company’s GAAP results of operations. | |||||||
| (3) Includes adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance. | |||||||
