Core Viewpoint - Xometry (XMTR) has shown a significant price increase of 11.9% over the past four weeks, with a mean price target of $22.22 indicating a potential upside of 29.3% from the current trading price of $17.18 [1] Price Target Analysis - The mean estimate consists of nine short-term price targets with a standard deviation of $5.14, indicating variability among analysts. The lowest estimate is $12, suggesting a 30.2% decline, while the highest target is $28, representing a 63% increase [2] - A low standard deviation among price targets suggests a high degree of agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Sentiment - Analysts are optimistic about XMTR's earnings prospects, as indicated by a trend of upward revisions in earnings estimates. This trend has historically correlated with near-term stock price movements [9] - Over the last 30 days, one earnings estimate has increased, leading to a 4.1% rise in the Zacks Consensus Estimate [10] - XMTR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting strong potential for upside [11]

tiero/iStock via Getty Images Xometry, Inc. (NASDAQ:XMTR) recently reported their Q2 earnings, on August 8. The share price jumped by 44% that day, reflecting a high excitement among shareholders, following a reaffirmed 2024 guidance, and strong EPS and revenue results. In this article, I will cover their recent performance, including their strong Q2 results, while also highlighting my concerns about their profitability, and increased operating expenses. While I do see long-term potential in Xometry, given ...

da-kuk/E+ via Getty Images Xometry (NASDAQ:XMTR) reported solid results in the second quarter, with growth remaining fairly steady and margins continuing to improve. The stock exploded higher on this result, indicating just how pessimistic investors have been regarding Xometry's prospects. Ignoring the impact of easier / more difficult comparable periods, I think that Xometry's growth will continue to slow while the demand environment remains sluggish. The company's performance is objectively strong given t ...

Xometry (XMTR) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 92.86%. A quarter ago, it was expected that this marketplace for on-demand manufacturing would post a loss of $0.15 per share when it actually produced a loss of $0.12, delivering a surprise of 20%. Over the last four quarters, t ...

Xometry/Zogby Strategies' Quarterly "American Manufacturing Resurgence" Survey Reveals Harris As CEO's Top Pick Among Democratic Contenders While CEOs Say President Biden's Policies Have Helped American Manufacturers, Most Believe Former President Trump Will Win Re-Election, And Approve His Selection of Sen. J.D. Vance As Vice President Despite Political Turmoil, Manufacturing CEOs Are Optimistic About The Future And Racing To Further Embrace AI And Automation NORTH BETHESDA, Md., July 23, 2024 (GLOBE NEWSW ...

"The data shows manufacturing in the US remains resilient as CEOs embrace and race towards AI and automation with healthy ROI already realized," said Jeremy Zogby, Managing Partner of Zogby Strategies. "Regarding the 2024 election, there is a strong sense among this key cohort that the stakes are the highest ever for their business. Their perception is a Trump Administration will drive innovation more so than any other candidate tested." NORTH BETHESDA, Md., July 23, 2024 (GLOBE NEWSWIRE) -- Manufacturing C ...

Media Contact: Matthew Hutchison Global Corporate Communications Matthew.Hutchison@xometry.com NORTH BETHESDA, Md., July 16, 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 second quarter 2024 financial results before the market opens on August 8, 2024. Xometry, Inc. Second Quarter 2024 Earnings Presentation and Conference Call Xometry's (NASDAQ:XMTR) AI-pow ...

Core Insights - Xometry, Inc. is set to report its second quarter 2024 financial results on August 8, 2024, before the market opens [5] - The company operates an AI-powered marketplace that connects enterprise buyers with suppliers of manufacturing services, enhancing the digitization of manufacturing [4] - Xometry's Instant Quoting Engine® utilizes extensive data to provide real-time analysis of complex parts, facilitating accurate pricing and lead times for buyers [4] Company Overview - Xometry is recognized for its AI-driven technology that supports manufacturers by providing essential resources for business growth [4] - The company also features the Thomasnet® industrial sourcing platform, which is popular among users [4] - Xometry aims to help buyers establish locally resilient supply chains through its suite of cloud-based services [4] Earnings Call Details - The earnings call and webcast will occur at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) [2] - An earnings presentation will be available on Xometry's investor website for stakeholders [2][3] - Registration for the earnings call can be completed through a provided link [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40546 XOMETRY, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 3 ...

Financial Data and Key Metrics Changes - Revenue for Q1 2024 increased by 16% year-over-year to $123 million, driven by the Marketplace business which grew by 24% year-over-year [8][26] - Gross profit for Q1 2024 rose by 22% year-over-year, with Marketplace gross profit increasing by 37% year-over-year [9][30] - Adjusted EBITDA loss improved by 37% year-over-year, amounting to a loss of $7.5 million, or 6.1% of revenue [9][33] - Cash and cash equivalents and marketable securities at the end of Q1 were $254 million [34] Business Line Data and Key Metrics Changes - Marketplace revenue was $107 million in Q1, while supplier services revenue was $15.5 million, with the latter declining by 17% year-over-year [26][29] - Active buyers increased by 32% year-over-year to 58,504, with a net addition of 3,179 active buyers [27] - Marketplace revenue per active buyer decreased by 6% year-over-year due to a soft start for larger orders [28] Market Data and Key Metrics Changes - International revenue surged by 69% year-over-year, accounting for 18% of total marketplace revenue in Q1 [20][21] - The company expects international revenue to reach 30% to 40% of total revenue in the long term [21] Company Strategy and Development Direction - The company is focused on expanding its network of active buyers and suppliers, with a 36% growth in suppliers in 2023 [11] - Investments are being made to enhance the supplier services solutions and modernize the Thomas advertising platform [22] - The company aims to deepen enterprise engagement and has integrated new features into its Teamspace software to enhance customer experience [16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential despite an uncertain manufacturing environment, citing strong performance across various end markets [9][38] - The company anticipates Q2 2024 revenue in the range of $127 million to $129 million, representing year-over-year growth of 14% to 16% [38] - Management highlighted the importance of leveraging AI to improve pricing and efficiency in the marketplace [35] Other Important Information - The company is beta testing new self-serve advertising tools for suppliers, aiming to enhance engagement and performance [22][48] - The partnership with Google's AI team is expected to expedite the deployment of new auto-quoted processes [14][56] Q&A Session Summary Question: Insights on Q2 guidance and trends - Management noted that Q2 guidance is based on observed trends and the overall health of the marketplace, considering both opportunities and risks [41][42] Question: Revenue per active buyer volatility - Management confirmed that active buyer growth was strong, but revenue was impacted by the mix of larger orders [43][44] Question: Advertising side opportunities - Management discussed enhancements to the Thomas advertising platform and the transition to a pay-for-performance model [46][48] Question: Sequential improvement in marketplace gross margin - Management explained that the gross margin improvement was due to better supplier pricing and increased data efficiency [52][54] Question: Impact of Google Cloud partnership - Management clarified that the partnership aims to enhance the speed of launching new quoting processes rather than altering existing algorithms [56][57] Question: Teamspace customer feedback and revenue visibility - Management reported positive adoption of Teamspace, with over 2,300 teams using the platform, enhancing customer engagement [59] Question: Macro implications on guidance - Management acknowledged the uncertain macro environment but emphasized strong internal trends influencing guidance [60]