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.

ROCKVILLE, Md., April 14, 2022 (GLOBE NEWSWIRE) -- Xometry today announced the immediate availability of the Xometry Instant Pricing app for PTC's Onshape ®, the cloud-native CAD product development platform that gives users the freedom to create on any device, anytime, anywhere.

Xometry Instant Pricing App Now Available In The Onshape Store

Loop Capital analyst Scott Graham initiated coverage of Xometry Inc (NASDAQ: XMTR) with a Buy rating and a $50 price target, implying a 30% upside. The analyst noted Xometry's revenue growth is driven by core buyers increasing the platform use and attracting new.

Loop Capital Sees 30% Upside In Xometry - Read Why

ROCKVILLE, Md., April 12, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global digital marketplace for on-demand manufacturing, today announced it will report its first quarter 2022 financial results before the market open on May 11, 2022.

Xometry to Announce First Quarter 2022 Financial Results on May 11, 2022

ROCKVILLE, Md., March 31, 2022 (GLOBE NEWSWIRE) -- Xometry, the digital marketplace for manufacturing, today announced it has obtained ISO 13485 certification, enabling the company to expand the breadth of medical device manufacturing on the Xometry marketplace.

Xometry Obtains Certification for Medical Device Manufacturing

ROCKVILLE, Md., March 23, 2022 (GLOBE NEWSWIRE) -- Xometry, the global digital marketplace for on-demand manufacturing, today introduced "Xometry Everywhere" software, which integrates its powerful AI-driven instant-quoting technology on popular third-party sites where engineers and other buyers spend significant amounts of time. Xometry Everywhere is also available for integration into the procurement processes of major Fortune 1000 companies.

Xometry Unveils 'Xometry Everywhere'

Online B2B marketplace Xometry saw its revenue increase more than 54% last year after making its debut as a public company. According to published reports Tuesday (March 22), the company posted $218.3 million in total revenue for the year ending Dec. 31, compared to $141.4 million the prior year.

Manufacturing Marketplace Xometry Reports 54% Revenue Growth

Xometry, Inc. (XMTR) CEO Randy Altschuler on Q4 2021 Results - Earnings Call Transcript

ROCKVILLE, Md., March 17, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), a leading global AI enabled digital manufacturing marketplace, today reported financial results for the fourth quarter ended December 31, 2021.

Xometry Reports Fourth Quarter and Full Year 2021 Results

ROCKVILLE, Md., March 04, 2022 (GLOBE NEWSWIRE) -- Xometry , the global digital marketplace for on-demand manufacturing, today announced two "Xometry Live" virtual events designed to celebrate and champion inclusive leadership in manufacturing.

Xometry Champions Inclusive Leadership With Two ‘Xometry Live' Events

ROCKVILLE, Md., March 01, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), a leading digital marketplace for on-demand manufacturing, today announced it will report its fourth quarter 2021 financial results after market close on March 17, 2022.

Xometry to Announce Fourth Quarter 2021 Financial Results on March 17, 2021

Xometry and the Women in Manufacturing Association (WiM) to Present Findings in Special “Xometry Live” Event on March 10 Xometry and the Women in Manufacturing Association (WiM) to Present Findings in Special “Xometry Live” Event on March 10

Nearly 75% Of Women in Manufacturing Recommend A Career In The Industry, A New Study From Xometry & Women in Manufacturing Finds

NEW YORK, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Xometry, a global digital marketplace for on-demand manufacturing, today introduced an enhanced site for European customers, www.xometry.eu , which makes it even easier for buyers to compare and price technologies, materials and finishes in real time. The dynamic and responsive site also lets buyers take advantage of the full functionality of xometry.eu from their Android or iOS devices, offering the same seamless file-upload and interactivity as desktop users.

Xometry Introduces Enhanced European Site, Xometry.eu

ROCKVILLE, Md., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Xometry, a digital marketplace for on-demand manufacturing, today announced a series of new initiatives, including cloud-based enterprise software to help manufacturers digitize their operations to run more effectively and efficiently.

Xometry Announces New Cloud-Based Software To Help Manufacturers Digitize All Aspects Of Their Operations

ROCKVILLE, Md., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (“Xometry”) (XMTR), a leading digital marketplace for on-demand manufacturing, today announced the pricing of $250 million aggregate principal amount of 1.00% Convertible Senior Notes due 2027 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Xometry Announces Pricing of $250 Million Offering of Convertible Senior Notes

The stock price of Xometry Inc (NASDAQ: XMTR) fell by 14.71% in the most recent trading session. This is why it happened.

Xometry (XMTR) Stock: Why The Price Went Down

The marketplace for on-demand manufacturing just posted preliminary earnings.

Why Xometry Stock Crashed 17% Today

ROCKVILLE, Md., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Xometry (NASDAQ:XMTR), the AI-driven digital marketplace that connects enterprise buyers with manufacturers globally, today announced estimated unaudited preliminary revenue and gross profit margin for the three months ended December 31, 2021.

Xometry Announces Unaudited Preliminary Fourth Quarter 2021 Results

ROCKVILLE, Md., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (“Xometry”) (XMTR), a leading digital marketplace for on-demand manufacturing, today announced its intent to offer, subject to market conditions and other factors, $250 million aggregate principal amount of Convertible Senior Notes due 2027 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Xometry also intends to grant the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $37.5 million aggregate principal amount of Notes.

Xometry Announces Proposed $250 Million Offering of Convertible Senior Notes

NEW YORK--(BUSINESS WIRE)--Xometry (NASDAQ: XMTR), the AI-driven digital marketplace that connects enterprise buyers with manufacturers globally, today released the latest ‘Thomas Industrial Sourcing & Supply Chain Activity Snapshot' identifying the top products and services sourced by North American manufacturers as well as predictions for the quarter ahead. The report from Thomas, a leading platform for product sourcing, supplier selection, and marketing solutions for industry, identifies

Xometry Releases Latest ‘Thomas Industrial Sourcing & Supply Chain Activity' Report

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ROCKVILLE, Md., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Xometry (NASDAQ:XMTR) today announced that it has fully integrated Big Blue Saw's proprietary software and data into its online marketplace, which connects enterprise buyers with manufacturing capacity worldwide. The data from Big Blue Saw enables Xometry to deliver instant quotes with competitive prices and short lead times for laser- and waterjet sheet-cutting services.

Xometry Integrates Big Blue Saw's Software, Data For Laser & Waterjet Sheet Cutting

ROCKVILLE, Md., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), a leading AI-enabled marketplace for on-demand manufacturing, today announced that senior management will attend the 24th Annual Needham Virtual Growth Conference on Friday, Jan. 14 including an investor presentation.

Xometry to Participate in the 24th Annual Needham Virtual Growth Conference

Xometry is a recently IPO'd manufacture-on-demand company that focuses on b2b supply chain optimization. They also leverage the trend towards e-commerce with their platform and will benefit from the focus on the industrial side of the market.

Xometry: Thomas Acquisition Creates Segment Leader

Xometry Inc (NASDAQ:XMTR) shares are trading higher by 4.7% at $47.74 after RBC Capital maintained an Outperform rating on the stock and raised its price target from $53 to $58. Xometry Wednesday announced the acquisition of Thomas, a leader in product sourcing, supplier selection and digital marketing solutions.

Why Xometry Shares Are Rising

ROCKVILLE, Md., Dec. 08, 2021 (GLOBE NEWSWIRE) -- Xometry (NASDAQ: XMTR), the global marketplace for on-demand manufacturing, today announced the acquisition of Thomas ( Thomasnet.com ®), a leader in product sourcing, supplier selection and digital marketing solutions. The cash and stock transaction, valued at $300 million, is expected to close this week. Xometry's rapidly growing digital marketplace provides real-time access to global manufacturing capacity and demand, helping accelerate the digitization of the manufacturing industry.

News for Xometry Stock (XMTR)