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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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.

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.

This Promising AI Stock Is Up Over 100% in the Last 2 Months and Still Has Long-Term Multibagger Potential

Drawn From A Year's Worth Of Proprietary Polling, Xometry's 2024 Predictions Show An Industry Embracing High-Tech Tools And Talent To Navigate A Constantly Changing World Modernizing Operations Remains The Priority, With Investments In AI And Talent Auto Execs Are Tapping The Brakes On EVs Though Sustainability Remains A Priority NORTH BETHESDA, Md., Dec. 19, 2023 (GLOBE NEWSWIRE) -- After a challenging 2023, manufacturing CEOs are stepping into 2024 overwhelmingly optimistic about the future and committed to investing in their operations and in talent.

Manufacturing CEOs Are Stepping Into 2024 Embracing AI, Accelerating Reshoring And Investing In High-Tech Talent

This stock has all the buzzwords and is showing accelerating growth for 2024.

Bull Of The Day: Xometry (XMTR)

NORTH BETHESDA, Md., Dec. 14, 2023 (GLOBE NEWSWIRE) -- The majority (68%) of automotive manufacturers remain optimistic and believe they will generate more sales in 2024 than they did this year, but they are worried about meeting federal mandates governing the transition to electric vehicle (EV) production, according to Xometry's annual “ Driving Progress: The 2024 Automotive Manufacturing Industry Survey. ”

Auto Execs Expect Higher Revenue In 2024 But 84% Are Worried About Production Timelines And Waning Consumer Demand For Electric Vehicles, According To Xometry's “Driving Progress: The 2024 Automotive Manufacturing Industry Survey”

WASHINGTON, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, and Howard University today announced the continuation of the Xometry Scholars Program, in which two additional students will receive full scholarships this academic year.

Xometry and Howard University Announce Continuation Of ‘Game-Changing' Xometry Scholars Program

NORTH BETHESDA, Md., Dec. 05, 2023 (GLOBE NEWSWIRE) --  Xometry (NASDAQ:XMTR), the global AI-powered tech marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced an updated process recommender to its AI-powered Instant Quoting Engine, expanding coverage of manufacturing processes and improving accuracy.

Xometry Updates Process Recommender To Its AI-Powered Instant Quoting Engine

NORTH BETHESDA, Md., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Xometry (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced the appointment of Fabio Rosati as Chair of the Board.

Fabio Rosati Appointed Chair of Xometry's Board Of Directors

Xometry reported its largest revenue ever, with an 18% increase compared to the first three quarters of 2022. Gross profit increased by 16% when compared to the first 9 months of 2022. Active buyers on the platform increased by 8% since Q2 and are up 42% year-over-year.

Is Xometry On A Path To Profitability?

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NORTH BETHESDA, Md., Nov. 13, 2023 (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 2023 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference at 4:10 p.m.

Xometry to Participate in 2023 RBC Capital Markets Global Technology, Internet, Media And Telecommunications Conference

Xometry, Inc. (NASDAQ:XMTR ) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Shawn Milne - VP, IR Randy Altschuler - CEO Jim Rallo - CFO Conference Call Participants Nick Jones - JMP Securities Brian Drab - William Blair Eric Sheridan - Goldman Sachs Rohan Joshi - Citi Danny Pfeiffer - JPMorgan Matt Hedberg - RBC Greg Palm - Craig-Hallum Capital Group Operator Good day, and thank you for standing by. Welcome to the Xometry Q3 2023 Earnings Call.

Xometry, Inc. (XMTR) Q3 2023 Earnings Call Transcript

Q3 revenue increased 15% year-over-year driven by strong marketplace growth of 22% year-over-year and 10% quarter-over-quarter. Supplier services revenue decreased 16% year-over-year primarily due to the $2 million year-over-year impact from the discontinuation of the sale of tools and materials.

Xometry Reports Third Quarter 2023 Results

Google Cloud Vertex AI To Help Accelerate Deployment Of Auto-Quote Methods & Models Within Xometry's AI-Powered Instant Quoting Engine Will Help Ensure Xometry's Instant Quoting Engine® Encompasses The Broadest Set Of Manufacturing Technologies Will Help Drive Expansion Of Markets For Custom Manufacturing Globally NORTH BETHESDA, Md., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Xometry (NASDAQ: XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced a partnership with Google Cloud to leverage Vertex AI to help accelerate the deployment of new auto-quote methods and models within Xometry's AI-powered Instant Quoting Engine.

Xometry Leverages Google Cloud To Accelerate The Digitization Of Manufacturing Globally

70% of Manufacturing CEOs Have Seen Immediate ROI On Their AI Investments CEOs Using AI To Strengthen Supply Chains, Simplify Procurement, Increase Quality Control And Accelerate Automation Three Quarters Of CEOs Have Reshored Some Or All Of Their Operations, Up From 48% Last Quarter NORTH BETHESDA, Md., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Nearly 70% of manufacturing CEOs who have invested in AI technologies within the last year have seen a significant ROI in key areas such as supply chain management, quality control and procurement, according to the latest American Manufacturing Resilience quarterly survey by Forbes, Xometry and veteran polling firm John Zogby Strategies.

REPEAT - The Vast Majority Of Manufacturing CEOs Say AI Is Delivering Strong ROI As Reshoring Continues To Accelerate, According To Latest Quarterly ‘American Manufacturing Resilience' Poll With Forbes, Xometry And John Zogby Strategies

The Vast Majority Of Manufacturing CEOs Say AI Is Delivering Strong ROI As Reshoring Continues To Accelerate, According To Latest Quarterly ‘American Manufacturing Resilience' Poll With Forbes, Xometry And John Zogby Strategies

NORTH BETHESDA, Md., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today integrated Xometry Teamspace into its AI-powered marketplace. The cloud-based centralized project management software provides project managers and supply chain executives with real-time project visibility, seamless and limitless collaboration on large, mission-critical projects.

Xometry Integrates Teamspace Collaboration Tool Into Its AI-Powered Marketplace

NORTH BETHESDA, Md., Oct. 23, 2023 (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 third quarter 2023 financial results before the market opens on November 9, 2023.

Xometry to Announce Third Quarter 2023 Financial Results On Nov. 9, 2023

NORTH BETHESDA, Md., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Xometry's Thomas , a leading industrial sourcing platform, today announced that it has added “Build America, Buy America” as a recognized certification on its popular Thomasnet.com, a multifaceted directory of more than 500,000 suppliers.

News for Xometry Stock (XMTR)