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.

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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.

NORTH BETHESDA, Md., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Thomas, a leading industrial sourcing platform, today announced that it has added two additional self-serve profile options for the more than 500,000 suppliers on its popular Thomasnet.com.

Xometry's Thomas Expands Self-Serve Listing Categories On Its Popular Thomasnet.com Platform

NORTH BETHESDA, Md., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today unveiled a new cloud-based collaboration tool that lets employees at the same company manage projects within Xometry's AI-powered platform.

Xometry Adds New Dashboard Collaboration Tool To Its AI-Powered Marketplace

Xometry, Inc. (NASDAQ:XMTR ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Shawn Milne - VP, IR Randy Altschuler - CEO Jim Rallo - CFO Conference Call Participants Eric Sheridan - Goldman Sachs Rohan Joshi - Citi Nick Jones - JMP Securities Brian Drab - William Blair Matt Hedberg - RBC Operator Good day and thank you for standing by. Welcome to the Xometry Q2 2023 Earnings Call.

Xometry, Inc. (XMTR) Q2 2023 Earnings Call Transcript

NORTH BETHESDA, Md., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the second quarter ended June 30, 2023.

Xometry Reports Second Quarter 2023 Results

Xometry (XMTR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Xometry (XMTR) Might Surprise This Earnings Season

NORTH BETHESDA, Md., Aug. 01, 2023 (GLOBE NEWSWIRE) -- More than two-thirds of medical industry professionals say they are in the process of reshoring or considering reshoring their operations in the next 12 months to ensure stability, according to Xometry's annual Medical Device Manufacturing Report. Despite ongoing supply chain disruptions that are amplified by a lack of access to global raw materials and ongoing international conflict, the overwhelming majority of medical device industry professionals remain highly optimistic about the future, with 75% retaining a positive outlook.

Medical Device Manufacturers Rapidly Reshoring Operations To Strengthen Their Domestic Supply Chains, According To Xometry's 2023 Medical Industry Survey

I recommend a buy rating for Xometry stock due to the growth potential in the digital manufacturing market. XMTR's integration with Alibaba 1688, a marketplace with around 30 million users per year, should boost revenue, with no margin dilution anticipated. XMTR should maintain strong revenue growth and eventually reach breakeven as it expands its gross margin.

Xometry: Reiterate Buy Rating As Recent Performance Suggests A Turnaround

NORTH BETHESDA, Md., July 12, 2023 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global AI-driven marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced it will report its second quarter 2023 financial results before the market open on Aug. 9, 2023.

Xometry to Announce Second Quarter 2023 Financial Results on August 9, 2023

NORTH BETHESDA, Md., July 10, 2023 (GLOBE NEWSWIRE) -- Xometry, the global AI-driven marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced the continued expansion of its AI-powered Xometry Instant Quoting Engine® to include instant-quoting of inserts, multi-part assemblies, and expanded sheet-cutting processes. The enhanced features allow buyers to instantly get pricing and lead times on CNC, sheet metal and sheet-cut parts with standard inserts while also analyzing multi-party assemblies, further accelerating Xometry's assembly production work.

Xometry Further Expands Offerings On Its AI-Powered Marketplace

NEW YORK , July 6, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Xometry, Inc.: Before the market opened on March 1, 2023, Xometry issued a press release and held an earnings call reporting on financial and operating results for the fourth quarter and full year ended December 31, 2022. The Company disclosed that Xometry suffered an adjusted EBITDA loss of $14.2 million in the fourth quarter of 2022 reflecting a "revenue shortfall" and "lower gross margins quarter-over-quarter.

INVESTIGATION ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit - (NASDAQ: XMTR)

NEW YORK , July 3, 2023 /PRNewswire/ -- Attention Xometry, Inc. ("Xometry") (NASDAQ: XMTR) shareholders: The Law Offices of Vincent Wong announce that an investigation has commenced into Xometry and certain of its officers and directors regarding potential securities fraud. The investigation concerns, in part, the below: Before the market opened on March 1, 2023, Xometry issued a press release and held an earnings call reporting on financial and operating results for the fourth quarter and full year ended December 31, 2022.

XMTR ALERT: The Law Offices of Vincent Wong Investigate Xometry, Inc. for Potential Violations of Securities Laws

NEW YORK , June 30, 2023 /PRNewswire/ -- Jakubowitz Law announces that an investigation into potential securities fraud allegations has commenced on behalf of shareholders of Xometry, Inc. (NASDAQ: XMTR) To be contacted by a member of our team, fill out the form: https://claimyourloss.com/securities/xometry-class-action-loss-submission-form/?id=41520&from=4 Further details on the investigation: Before the market opened on March 1, 2023, Xometry issued a press release and held an earnings call reporting on financial and operating results for the fourth quarter and full year ended December 31, 2022. The Company disclosed that Xometry suffered an adjusted EBITDA loss of $14.2 million in the fourth quarter of 2022 reflecting a "revenue shortfall" and "lower gross margins quarter-over-quarter.

XMTR FRAUD ALERT: Jakubowitz Law is Investigating Xometry, Inc. in Connection with Potential Violations of Federal Securities Laws

NEW YORK , June 29, 2023 /PRNewswire/ -- Levi & Korsinsky notifies investors that it has commenced an investigation of Xometry, Inc. ("Xometry") (NASDAQ: XMTR) concerning possible violations of federal securities laws. Before the market opened on March 1, 2023, Xometry issued a press release and held an earnings call reporting on financial and operating results for the fourth quarter and full year ended December 31, 2022.

XMTR INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of Xometry, Inc.

NEW YORK , June 27, 2023 /PRNewswire/ -- The Klein Law Firm announces that it is investigating allegations that Xometry, Inc. ("Xometry") (NASDAQ: XMTR) violated federal securities laws. CURRENT INVESTIGATION DETAILS:Before the market opened on March 1, 2023, Xometry issued a press release and held an earnings call reporting on financial and operating results for the fourth quarter and full year ended December 31, 2022.

XMTR NEWS: The Klein Law Firm Initiates an Investigation Involving Possible Securities Fraud Violations by Officers of Xometry, Inc.

NORTH BETHESDA, Md., June 20, 2023 (GLOBE NEWSWIRE) -- The number of manufacturing CEOs who say they are investing in Artificial Intelligence has surged, with 80% of CEOs planning to deploy AI technologies within their operations over the next two years, according to the latest American Manufacturing Resurgence survey by Forbes , Xometry and veteran polling firm John Zogby Strategies.

80% Of CEOs To Deploy AI Within Two Years, According To Latest American Manufacturing Resurgence Poll By Xometry In Partnership With Forbes and Zogby Strategies

The 3D printing sector may have experienced a price bottom, but Xometry might be the one about to soar. Xometry's competitive advantage and partnership with Alibaba Group Holding could lead to exponential growth in the coming years. The company is expected to have positive EBITDA by Q4 2023 and has strong relationships with its customers and supporters on Wall St.

Xometry: AI-Powered Exponential Growth

Xometry outperformed expectations in its most recent quarter. The company's profitability is behind schedule, which is something shareholders hope will improve.

Why Xometry Stock Skyrocketed Today

Xometry, Inc. (NASDAQ:XMTR ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Shawn Milne – Vice President of Investor Relations Randy Altschuler – Chief Executive Officer Jim Rallo – Chief Financial Officer Conference Call Participants Rohan Joshi – Citi Bank Nick Jones – JMP Securities Brian Drab – William Blair Greg Palm – Craig-Hallum Operator Good day, and thank you for standing by. Welcome to Xometry Incorporated Q1 2023 Earnings Call.

Xometry, Inc. (XMTR) Q1 2023 Earnings Call Transcript

NORTH BETHESDA, Md., May 10, 2023 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the first quarter ended March 31, 2023.

Xometry Reports First Quarter 2023 Results

NEW YORK, April 20, 2023 (GLOBE NEWSWIRE) -- Women who pursue an education in Science, Technology, Engineering or Mathematics (‘STEM') are more than twice as likely as men to choose a career in manufacturing, according to the third-annual ‘Career Advancement for Manufacturing Report,' produced in partnership between Xometry and Women in Manufacturing Association (WiM). Thirty-eight percent of women intentionally seeking a career in industry graduated from a STEM program, compared with just 18% of men, the survey found, underscoring STEM as a critical pathway to ensuring more representation for women in industry.

Women Who Graduate from STEM Programs Are More Than 2X Likely As Men To Pursue A Career In Manufacturing

NORTH BETHESDA, Md., April 19, 2023 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced it will report its first quarter 2023 financial results before the market open on May 10, 2023.

Xometry to Announce First Quarter 2023 Financial Results on May 10, 2023

NORTH BETHESDA, Md., April 17, 2023 (GLOBE NEWSWIRE) -- An accelerating number of CEOs whose companies depend on manufacturing to produce and deliver their goods are planning or have already successfully re-shored some of their overseas operations, the latest quarterly survey on American manufacturing resilience finds. The poll, a joint effort with Forbes, Xometry and veteran polling firm John Zogby Strategies, tracks CEO and decision-maker sentiment at more than 150 leading companies nationally and finds that 82% of CEOs have or are actively embracing reshoring strategies, up significantly from 55% in the previous survey fielded in January.

American Manufacturing Resurgence: Reshoring Accelerates Significantly And Manufacturing Becomes A Digital-First Industry As CEOs Invest In Emerging Technologies Like Artificial Intelligence (AI), Robotics And More

Despite recent challenges, I believe XMTR is well-positioned to serve a massive TAM and has the potential for long-term growth and margin expansion. In the near term, XMTR is facing challenges due to macroeconomic headwinds that have led to a decline in revenue and a slowdown in buyer demand.

Xometry: Still Positive On The Long-Term

NORTH BETHESDA, Md., March 30, 2023 (GLOBE NEWSWIRE) -- Xometry, the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, announced that its Instant Quoting Engine can now automatically quote parts with multiple finishes, a move that helps meet the high demand for increasingly sophisticated parts that are defining tomorrow's products. The company also announced expanded auto quote capabilities for sheet metal fabrication, as well as galvanized steel and stainless steel offerings for CNC Machining.

The Xometry Instant Quoting Engine® Adds Significant New Features

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