|
MATTERPORT INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) | |||||||
| June 30, | December 31, | ||||||
| 2024 | 2023 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 126,284 | $ | 82,902 | |||
| Short-term investments | 237,852 | 305,264 | |||||
| Accounts receivable, net | 17,261 | 16,925 | |||||
| Inventories | 8,765 | 9,115 | |||||
| Prepaid expenses and other current assets | 8,135 | 8,635 | |||||
| Total current assets | 398,297 | 422,841 | |||||
| Property and equipment, net | 31,060 | 32,471 | |||||
| Operating lease right-of-use assets | 360 | 625 | |||||
| Long-term investments | 47,191 | 34,834 | |||||
| Goodwill | 69,593 | 69,593 | |||||
| Intangible assets, net | 8,235 | 9,120 | |||||
| Other assets | 7,655 | 7,671 | |||||
| Total assets | $ | 562,391 | $ | 577,155 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities | |||||||
| Accounts payable | $ | 9,672 | $ | 7,586 | |||
| Deferred revenue | 27,328 | 23,294 | |||||
| Accrued expenses and other current liabilities | 108,673 | 13,354 | |||||
| Total current liabilities | 145,673 | 44,234 | |||||
| Warrants liability | 1,354 | 290 | |||||
| Deferred revenue, non-current | 2,405 | 3,141 | |||||
| Other long-term liabilities | — | 206 | |||||
| Total liabilities | 149,432 | 47,871 | |||||
| Commitments and contingencies | |||||||
| Stockholders’ equity: | |||||||
| Common stock | 32 | 31 | |||||
| Additional paid-in capital | 1,369,619 | 1,307,324 | |||||
| Accumulated other comprehensive income (loss) | (504 | ) | 403 | ||||
| Accumulated deficit | (956,188 | ) | (778,474 | ) | |||
| Total stockholders’ equity | 412,959 | 529,284 | |||||
| Total liabilities and stockholders’ equity | $ | 562,391 | $ | 577,155 | |||
