Xometry

Xometry, Inc. engages in the provision of manufacturing solutions. The firm operates through the U.S. and Europe segments. Its proprietary software platform enables product designers and engineers to instantly access the capacity of a nationwide network of manufacturing facilities. The company was founded by Laurence Zuriff and Randolph Altschuler in 2013 and is headquartered in Derwood, MD.

Earnings data Q2 2021

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Earnings data Q4 2024

Xometry reports Q4 revenue growth but faces pricing challenges

Xometry's Q4 performance showed revenue growth and active buyer expansion
Challenges include falling short of expectations and pricing impacts on margins
Strengths lie in top account focus, pricing optimization, and growth expectations
Opportunities in international expansion, buyer additions, and margin rebound

Xometry reports record Q1 revenue growth and eyes international expansion

Xometry delivered robust financial performance in Q1 2023, marked by record revenue and growth in key metrics.
The company's strategic focus on technology, international markets, and operational efficiency positions it for future success.
While facing challenges in achieving profitability and sustaining growth, Xometry's strong performance and strategic initiatives offer promising opportunities for investors.

Xometry achieves record Q2 results, eyes international expansion for growth

Xometry delivered exceptional Q2 results, setting new records in revenue and gross profit, driven by strong marketplace performance and international growth. The company's strategic focus on key accounts, marketplace expansion, and cost management is positioning it for continued success. Despite challenges like discontinuing the U.S. supplies business, Xometry remains optimistic about future profitability and operational efficiency.
Opportunities lie in aggressive international expansion, leveraging AI technology for customer empowerment, and capitalizing on the largest multiyear commitment in company history. With a clear roadmap for growth and profitability, Xometry is poised for a promising future in the digital marketplace and cloud-based solutions sector.

Xometry achieves record Q3 results, eyes growth amid profitability push

Xometry's Q3 2023 performance reflects remarkable growth in revenue, gross profit, and active buyers, positioning the company for continued success.
While challenges like currency fluctuations and profitability persist, strategic initiatives like the Teamspace tool and Google Cloud partnership offer avenues for growth.
The focus on revenue expansion, enterprise sales, and technological advancements underscores Xometry's commitment to driving sustainable growth and market leadership.

Xometry achieves record Q4 revenue, eyes profitability amid growth

Xometry's Q4 performance showcased strong revenue growth and margin improvement, with a focus on profitability.
While facing short-term challenges like weaker January trends, the company is strategically positioned for future growth.
Investments in innovation, customer engagement, and market expansion highlight a proactive approach to driving success.
With a clear roadmap for 2024, Xometry aims to capitalize on opportunities for revenue growth and market expansion.

Xometry reports robust Q1 growth, eyes international expansion for future

Xometry's Q1 2024 performance reflects strong revenue growth, improved gross profit, and progress in reducing adjusted EBITDA losses, underpinned by strategic investments and international expansion.
While facing challenges in achieving profitability and managing costs, Xometry's focus on operational efficiency, marketplace growth, and responsible investment sets a solid foundation for future success.
The company's emphasis on growth initiatives, international expansion, and profitability at appropriate revenue levels signals a balanced approach to sustainable business development and value creation.

Xometry achieves record Q3 performance and eyes sustained growth

Xometry's Q3 performance reflects strong revenue growth, improved profitability outlook, and a focus on strategic expansion initiatives.
The company's strengths in marketplace growth, active supplier network, and financial stability position them well for future success.
While facing challenges in maintaining growth momentum and achieving profitability targets, Xometry has opportunities to capitalize on market expansion and service enhancements.

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Xometry, Inc. engages in the provision of manufacturing solutions. The firm operates through the U.S. and Revenues segments. Its proprietary software platform enables product designers and engineers to instantly access the capacity of a nationwide network of manufacturing facilities. The company was founded by Laurence Zuriff and Randolph Altschuler in 2013 and is headquartered in North Bethesda, MD.

Xometry, Inc (NASDAQ:XMTR ) Q1 2024 Results Conference Call May 9, 2024 8:30 AM ET Company Participants Shawn Milne - Vice President, Investor Relations Randolph Altschuler - Co-Founder, CEO & Director James Miln - Chief Financial Officer Conference Call Participants Nicholas Jones - JMP Securities Jacob Hallac - Citigroup Brian Drab - William Blair Matt Swanson - RBC Eric Sheridan - Goldman Sachs Greg Palm - Craig-Hallum Operator Good morning. My name is Justin, and I will be your conference operator today.

Xometry, Inc (XMTR) Q1 2024 Earnings Call Transcript

Xometry (XMTR) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.20 per share a year ago.

Xometry (XMTR) Reports Q1 Loss, Tops Revenue Estimates

Q1 revenue increased 16% year-over-year to $123 million driven by marketplace growth of 24% year-over-year. Q1 gross profit increased 22% year-over-year driven by 37% growth in marketplace gross profit.

Xometry Reports First Quarter 2024 Results

Not too long ago, analysts and early adopters touted the technology of 3D printing as the future of manufacturing. Then came market corrections and concerns surrounding the feasibility of long-term pure-play 3D printing companies.

3 3D Printing Stocks With the Potential to Make You an Overnight Millionaire

NORTH BETHESDA, Md., April 23, 2024 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global AI-powered tech marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced it will report its first quarter 2024 financial results before the market opens on May 9, 2024.

Xometry to Announce First Quarter 2024 Financial Results on May 9, 2024

AppLovin Corp

AppLovin launched its new AI software and immediately experienced head-turning growth. Xometry's gross profit margin is going up, indicating that its AI software is ready to disrupt a market worth more than $200 billion.

Investors Are Chasing the Biggest Names in Artificial Intelligence. But These 2 Lesser-Known Companies Are AI Stocks to Buy Now.

95% of CEOs Say November Election Could Have a Big Impact on Industry; 77% Say Current Federal Policy Is Strengthening American Manufacturing 97% Say AI Will Play a Role in Their Operations in the Next Two Years; 85% Support Federal Regulation of AI 78% Have Reshored or Are Actively Reshoring Their Facilities; Nearly All Agree Reshoring Boosts American Manufacturing NORTH BETHESDA, Md., April 16, 2024 (GLOBE NEWSWIRE) -- Manufacturing CEOs who are beginning to use AI, digitize their operations and reshore their facilities, say this year's presidential election could also have significant consequences on American industry, according to the latest ‘American Manufacturing Resurgence' poll by John Zogby Strategies and Xometry.

Manufacturing CEOs Say 2024 Presidential Election Will Be ‘Pivotal,' New ‘American Manufacturing Resilience' Survey From Zogby Strategies and Xometry Reveals

LOS ANGELES, CA / ACCESSWIRE / April 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Xometry, Inc. ("Xometry" or "the Company") (NASDAQ:XMTR) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Xometry, Inc. and Encourages Investors with Losses to Contact the Firm

NORTH BETHESDA, Md., March 28, 2024 (GLOBE NEWSWIRE) -- Xometry Inc. (NASDAQ: XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today introduced enhanced features for its Teamspace enterprise collaboration software designed to further expedite procurement on its marketplace.

Xometry Introduces Enhanced Teamspace Collaboration Features To Further Expedite Order Management On Its AI-Powered Marketplace

LOS ANGELES, CA / ACCESSWIRE / March 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Xometry, Inc. ("Xometry" or "the Company") (NASDAQ:XMTR) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

IMPORTANT INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Xometry, Inc. and Encourages Investors with Losses to Contact the Firm

MUNICH, Germany, March 21, 2024 (GLOBE NEWSWIRE) -- Xometry (NASDAQ: XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced expanded finishing options on its xometry.eu marketplace, as well as the introduction of a new Knowledge Hub called xometry.pro , built specifically for engineers and designers to share their manufacturing knowledge. Additionally, Xometry announced the launch of its Czech Marketplace, xometry.eu/cs , marking the company's 15th local-language marketplace.

Xometry Europe Expands Finishing Options On Its AI-Driven Marketplace, Introduces The Xometry.Pro Knowledge Hub, And Launches A New Local-Language Czech Website

LOS ANGELES, CA / ACCESSWIRE / March 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Xometry, Inc. ("Xometry" or "the Company") (NASDAQ:XMTR) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Xometry, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / March 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Xometry, Inc. ("Xometry" or "the Company") (NASDAQ:XMTR) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Xometry, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / March 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Xometry, Inc. ("Xometry" or "the Company") (NASDAQ:XMTR) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Xometry, Inc. and Encourages Investors with Losses to Contact the Firm

Xometry, Inc. (NASDAQ:XMTR) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET

Xometry, Inc. (XMTR) Q4 2023 Earnings Call Transcript

Xometry (XMTR) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.29 per share a year ago.

Xometry (XMTR) Reports Q4 Loss, Tops Revenue Estimates

Q4 revenue increased 31% year-over-year to $128 million driven by strong, accelerated marketplace growth of 42% year-over-year. Supplier services revenue decreased 15% year-over-year primarily due to the approximate $2 million year-over-year impact from the discontinuation of the sale of tools and materials.

Xometry Reports Fourth Quarter and Full Year 2023 Results

Brings Proven Track Record Of Extensive Operational Excellence Will Help Drive Xometry's Continued Growth And Profitability Succeeds Retiring CFO Jim Rallo, Who Will Stay On For A 60-Day Transition Period NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced the appointment of James Miln as the company's new Chief Financial Officer effective March 1, 2024.

Xometry Appoints James Miln as New Chief Financial Officer

Xometry's (XMTR) Q4 results are likely to benefit from strong marketplace growth, expansion of enterprise sales solutions and pricing actions. Weakness in its supplier services unit might affect its results.

Xometry (XMTR) Gears Up to Post Q4 Earnings: What to Expect

NORTH BETHESDA, Md., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced management will participate in a fireside chat at the JMP Securities Technology Conference on Tuesday March 5, 2024 at 10:30 a.m. Pacific.

Xometry to Participate in JMP Securities Technology Conference

An overwhelming majority (79%) of women say they are satisfied with the progress they've made in the manufacturing industry over the last five years.

Women Are More Likely To Find Career Satisfaction In Manufacturing Than Their Male Counterparts, Fourth-Annual Survey From Women in Manufacturing And Xometry Finds

Xometry is a US-based company experiencing high revenue growth in the additive manufacturing industry. The company acts as an intermediary between buyers and sellers of on-demand manufacturing services through its proprietary platform. Xometry's business model allows for scalability and is expected to generate profits and positive cash flows by FY25.

Xometry: A Well-Priced Opportunity In The Market

NORTH BETHESDA, Md., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced it will report its fourth quarter and full year 2023 financial results before the market opens on Feb. 29, 2024.

Xometry to Announce Fourth Quarter and Full Year 2023 Financial Results On February 29, 2024

Election 2024: Spotlight on Manufacturing Primary Voters In Iowa, New Hampshire, South Carolina, Nevada And Michigan Weigh In On AI, Robotics And More

Election 2024: Spotlight on Manufacturing Primary Voters In Iowa, New Hampshire, South Carolina, Nevada And Michigan Weigh In On AI, Robotics And Automation In New Xometry, Zogby Strategies Poll

Xometry's AI software allows it to price jobs faster than competitors. The company's AI appears to be pricing jobs appropriately, which is huge for adoption and its own profitability.

News for Xometry Stock (XMTR)