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.

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HARTFORD, Conn., Oct. 04, 2022 (GLOBE NEWSWIRE) -- The Connecticut Center for Advanced Technology (CCAT), Connecticut community colleges and Xometry, a publicly traded technology company (NASDAQ: XMTR) that helps companies create locally resilient supply chains, today announced 19 full-tuition scholarships for manufacturing students at nine community college across the state, including:

Connecticut Center for Advanced Technology, CT Community Colleges and Xometry Announce Full Tuition Scholarships for Manufacturing Students

ROCKVILLE, Md., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc., the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced the promotion of Matt Leibel to Chief Technology Officer and the appointment of Brendan Sterne as Chief Product Officer. The appointments were announced by Randy Altschuler, CEO of Xometry.

Xometry Promotes Matt Leibel To Chief Technology Officer And Appoints Brendan Sterne As Chief Product Officer

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ROCKVILLE, Md., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, will celebrate Manufacturing Day by hosting a “Building American Manufacturing Resilience” webcast, featuring executives from Forbes, Women in Manufacturing Association and Zogby Strategies.

Celebrating Manufacturing Day: Xometry Presents “Building American Manufacturing Resilience” Webcast

ROCKVILLE, Md., Sept. 29, 2022 (GLOBE NEWSWIRE) -- CEOs whose companies depend on manufacturing to produce and deliver their goods are demonstrating supply chain resilience by investing in talent and technology, while also reshoring and nearshoring their manufacturing capabilities, according to a new survey released by Xometry in a joint effort with Forbes and powered by veteran polling firm John Zogby Strategies.

Building American Manufacturing Resilience: CEOs Are Investing In Talent & Technology While Also Reshoring & Nearshoring Their Manufacturing Operations, A New Xometry Poll with Forbes And Zogby Reveals

HARTFORD, Conn., Sept. 28, 2022 (GLOBE NEWSWIRE) -- The Connecticut Center for Advanced Technology (CCAT), Connecticut community colleges and Xometry, a publicly traded technology company (NASDAQ: XMTR) that helps organizations create locally resilient supply chains, will announce Xometry's donation of full-tuition scholarships for community college students across the state studying to become the next generation of skilled machinists, technicians and engineers. Xometry celebrates the strategic role Connecticut plays in advancing domestic manufacturing and is funding the scholarships across nine community colleges with advanced manufacturing programs, including:

Connecticut Center For Advanced Technology, CT Community Colleges and Xometry Announce Full Tuition Scholarships For Manufacturing Students

Most Manufacturers Say They'll Continue Hiking Prices Into 2023 As Inflation Persists.

Vast Majority Of Manufacturers Plan Price Increases In 2023, According To New Poll By Forbes, Xometry And Zogby

LEXINGTON, Ky., Sept. 23, 2022 (GLOBE NEWSWIRE) -- Xometry (NASDAQ: XMTR), a global online marketplace connecting enterprise buyers with suppliers of manufacturing services, Kentucky Lt. Gov. Jacqueline Coleman and Kentucky Community and Technical College System President Dr. Paul Czarapata, along with Dr. Koffi Akakpo, the President of Bluegrass Community and Technical College, today announced an innovative public-private partnership in which Xometry will fund 50 scholarships for KCTCS students.

Kentucky Community And Technical College System, Kentucky Lt. Gov. Coleman & Xometry Announce 50 Scholarships To Train Skilled Machinists, Technicians, Engineers

LEXINGTON, Ky., Sept. 19, 2022 (GLOBE NEWSWIRE) -- WHAT:        Kentucky Community and Technical College System (KCTCS) and Xometry, a publicly traded technology company (NASDAQ: XMTR) that helps organizations create locally resilient supply chains, will be announcing Xometry's donation of 50 full-tuition scholarships for KCTCS students studying to become the next generation of skilled machinists, technicians and engineers. Xometry, which has a significant presence in Lexington, celebrates the strategic role Kentucky plays in advancing domestic manufacturing and is funding the scholarships as part of its commitment to investing in the more than 1,000 small and medium manufacturers in Kentucky.

Kentucky Lt. Gov. Coleman, Kentucky Community and Technical College System & Xometry Announce 50 Full Tuition Scholarships for Manufacturing Students

CATONSVILLE, Md., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Xometry (NASDAQ: XMTR), a global online marketplace connecting enterprise buyers with suppliers of manufacturing services, U.S. Representative and House Majority Leader Steny H. Hoyer (D-MD), and Community College of Baltimore County President Dr. Sandra Kurtinitis today announced an innovative public-private partnership in which Xometry will fund 57 scholarships for CCBC students beginning this fall.

Community College of Baltimore County, Xometry, Inc. and House Majority Leader Steny H. Hoyer Announce Scholarships To Train Skilled Machinists, Technicians, Engineers

CATONSVILLE, Md., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Contacts:

Community College of Baltimore County (CCBC), House Majority Leader Steny H. Hoyer (MD-05), Baltimore County Executive John Olszewski, Jr. and Xometry, Inc. To Announce Innovative Public-Private Partnership Offering Two-Year Scholarships To Train Next-Gen

Xometry, Inc. (NASDAQ:XMTR ) Q2 2022 Earnings Conference Call August 10, 2022 8:30 AM ET Company Participants Shawn Milne - Head of Investor Relations Randy Altschuler - Chief Executive Officer Jim Rallo - Chief Financial Officer Conference Call Participants Brain Drab - William Blair Eric Sheridan - Goldman Sachs Karl Keirstead - UBS David Silver - CL King Operator Good day, and thank you for standing by. And welcome to the Xometry Incorporated Second Quarter 2022 Financial Results Conference Call.

Xometry Inc. (XMTR) CEO Randy Altschuler on Q2 2022 Results - Earnings Call Transcript

ROCKVILLE, Md., Aug. 10, 2022 (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, 2022.

Xometry Reports Second Quarter 2022 Results

Xometry went public in June 2021, raising approximately $303 million in gross proceeds in an IPO. The firm operates B2B manufacturing services marketplaces in N. America, Europe and China.

Xometry Produces Growth But Operating Losses Remain

ROCKVILLE, Md., July 27, 2022 (GLOBE NEWSWIRE) -- Randy Altschuler, the CEO of Xometry, today commended the U.S. Senate passage of the CHIPS and Science Act.

Xometry Applauds Senate Passage of Historic CHIPS and Science Act

ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)--CoLab, the world's first Design Engagement System for mechanical engineering teams, will be one of the first developers to work collaboratively with Xometry to integrate into the Workcenter platform. Xometry, Inc. (NASDAQ: XMTR), the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, recently unveiled two new products—including Workcenter, the cloud-based and API-enabled manufacturing execution

CoLab Named an Inaugural Partner for Xometry's New Workcenter Platform

ROCKVILLE, Md. , July 14, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), a global online marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced it will report its second quarter 2022 financial results before the market open on Wednesday, Aug. 10, 2022.

Xometry to Announce Second Quarter 2022 Financial Results on August 10, 2022

ROCKVILLE, Md., June 29, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, today unveiled new digital sourcing tools on Thomasnet.com for enterprise buyers and a new cloud-based manufacturing execution system for suppliers, which will be open to third-party developers to build integrated applications. The new products are designed to bring buyers and suppliers even closer together and further accelerate the creation of locally resilient supply chains.

Xometry Introduces New Digital Sourcing Tools On Thomasnet.com For Enterprise Buyers And Unveils New Cloud-Based Manufacturing Execution System For Suppliers

Xometry (XMTR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Xometry (XMTR): Can Its 9.1% Jump Turn into More Strength?

Hosted by Xometry CEO Randy Altschuler, Virtual Event Will Unveil New Products to Further Accelerate Digital Transformation of Manufacturing Hosted by Xometry CEO Randy Altschuler, Virtual Event Will Unveil New Products to Further Accelerate Digital Transformation of Manufacturing

Xometry Presents “The Xometry Marketplace: Powering Tomorrow's Supply Chain”

ROCKVILLE, Md., May 17, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), a global online marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced that CEO Randy Altschuler will present at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on Monday, May 23rd.

Xometry to Participate in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference

Xometry Inc. (NASDAQ:XMTR ) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET Company Participants Shawn Milne - VP of IR Randy Altschuler - Chief Executive Officer Jim Rallo - Chief Financial Officer Conference Call Participants Blake Keating - William Blair Seth Gilbert - UBS Scott Graham - Capital Markets Eric Sheridan - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the Xometry First Quarter 2022 Earnings Conference Call.

Xometry Inc. (XMTR) CEO Randy Altschuler on Q1 2022 Results - Earnings Call Transcript

ROCKVILLE, Md., May 11, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), a leading global AI-enabled digital manufacturing marketplace, today reported financial results for the first quarter ended March 31, 2022.

Xometry Reports First Quarter 2022 Results

NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) -- Food products now rank as the most-sourced category on Xometry's Thomasnet.com, besting frequently searched terms such as steel, lumber, medical equipment and packaging in the aeronautics, automotive and housing/construction categories. The “Thomas Industrial Sourcing & Supply Chain Activity Snapshot” identifies the top sourced products and services sourced by Thomas' 1.4 million North American registered users each quarter.

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