Xometry Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
XMTR$119.31-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(67,465) | $(79,043) | $(61,381) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 10,738 | 7,819 | 3,596 |
| Impairment of assets | 397 | 824 | — |
| Reduction in carrying amount of right-of-use asset | 14,355 | 7,236 | 1,056 |
| Stock based compensation | 22,118 | 19,172 | 7,395 |
| Non-cash interest expense | — | — | 111 |
| Loss on debt extinguishment | — | — | 272 |
| Revaluation of contingent consideration | 571 | 817 | — |
| (Income) loss from unconsolidated joint venture | (46) | 130 | (41) |
| Donation of common stock | 1,029 | 2,272 | 2,226 |
| Losses on marketable securities | — | 1,855 | 2,002 |
| Loss on sale of property and equipment | 92 | 47 | 20 |
| Inventory write-off | 223 | 133 | — |
| Amortization of deferred costs on convertible notes | 1,860 | 1,718 | — |
| Deferred taxes benefit | (154) | (653) | (179) |
| Restructuring charge | — | 1,549 | — |
| Changes in other assets and liabilities: | |||
| Accounts receivable, net | (20,594) | (17,012) | (11,117) |
| Inventory | (1,550) | 351 | 293 |
| Prepaid expenses | 1,669 | (1,616) | (4,025) |
| Other assets | (80) | (4,116) | 464 |
| Accounts payable | 6,743 | (215) | 5,215 |
| Accrued expenses | 7,453 | 406 | (12,008) |
| Contract liabilities | (1,404) | 735 | (1,625) |
| Lease liabilities | (5,520) | (5,727) | (845) |
| Income taxes payable | (312) | 743 | — |
| Net cash used in operating activities | (29,877) | (62,575) | (68,571) |
| Cash flows from investing activities: | |||
| Purchases of marketable securities | (11,582) | (284,096) | (267,467) |
| Proceeds from sale of marketable securities | 50,000 | 58,927 | 235,000 |
| Purchases of property and equipment | (18,486) | (13,650) | (6,262) |
| Proceeds from life insurance | — | — | 627 |
| Proceeds from sale of property and equipment | 223 | 189 | — |
| Cash paid for business combination, net of cash acquired | (3,349) | — | (174,646) |
| Net cash provided by (used in) investing activities | 16,806 | (238,630) | (212,748) |
| Cash flows from financing activities: | |||
| Proceeds from initial public offering, net of underwriters' discount | — | — | 325,263 |
| Payments in connection with initial public offering | — | — | (3,678) |
| Proceeds from stock options exercised | 1,909 | 3,715 | 2,291 |
| Repayment of term loan | — | — | (16,136) |
| Proceeds from the exercise of warrants | — | — | 40 |
| Proceeds from issuance of convertible notes | — | 287,500 | — |
| Costs incurred in connection with issuance of convertible notes | — | (9,309) | — |
| Payment of contingent consideration | (842) | (932) | — |
| Payments on finance lease obligations | — | (2) | (12) |
| Net cash provided by financing activities | 1,067 | 280,972 | 307,768 |
| Effect of foreign currency translation on cash and cash equivalents | (234) | (367) | (61) |
| Net (decrease) increase in cash and cash equivalents | (12,238) | (20,600) | 26,388 |
| Cash and cash equivalents at beginning of the year | 65,662 | 86,262 | 59,874 |
| Cash and cash equivalents at end of the year | $53,424 | $65,662 | $86,262 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $2,875 | $1,414 | $907 |
| Non-cash investing and financing activities: | |||
| Non-cash purchase of property and equipment | 5,353 | 279 | — |
| Non-cash consideration in connection with business combination | 1,593 | (518) | 2,339 |
| Shares issued in business combinations | — | — | 102,888 |
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