Xometry(XMTR)
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Xometry(XMTR) - 2022 Q2 - Quarterly Report
2022-08-11 11:31
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 June 30, 2022 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. (I.R.S. Employer Identification No.) Registrant's telephone number, including area code: ...
Xometry(XMTR) - 2022 Q2 - Earnings Call Transcript
2022-08-10 18:40
Financial Data and Key Metrics Changes - The company reported Q2 2022 revenue of $95.6 million, representing an 89% year-over-year growth and a gross profit increase of 217% year-over-year [10][41] - Adjusted EBITDA loss was reduced by $4.4 million quarter-over-quarter to $8.3 million, indicating progress towards adjusted EBITDA positivity in 2023 [10][39] - Gross profit margin for Q2 was 39.4%, with marketplace gross margin at 29.2%, up 180 basis points quarter-over-quarter [44] Business Line Data and Key Metrics Changes - Marketplace revenue was $75.6 million, growing over 55% year-over-year and 17% quarter-over-quarter, driven by an increase in active buyers [17][41] - Supplier services revenue was $20 million, primarily from the Thomas marketing services and advertising business [21] - Active buyers increased by 40% year-over-year to 33,491, with a record addition of 2,808 in Q2 [18][42] Market Data and Key Metrics Changes - International revenue grew 136% year-over-year, with expansion in the UK, Germany, France, and Nordic regions [23] - The company launched its platform in China, expecting it to contribute to revenue growth in 2023 [24] Company Strategy and Development Direction - The company aims to build a leading global digital manufacturing marketplace, focusing on expanding its supplier services and enhancing its platform capabilities [11][12] - The introduction of the Industrial Buying Engine and Xometry Workcenter is intended to create a more integrated solution for buyers and suppliers [29][33] - The total addressable market (TAM) is over $2 trillion in the global manufacturing industry, with plans to expand marketplaces domestically and internationally [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth despite macroeconomic challenges, citing strong demand for their services [67][90] - The company anticipates being profitable on an adjusted EBITDA basis by 2023, with significant revenue and gross profit growth expected for the remainder of 2022 [54][72] Other Important Information - The company raised its revenue guidance for fiscal year 2022 to a range of $395 million to $400 million, reflecting strong marketplace growth [52] - Adjusted EBITDA loss for 2022 is expected to be in the range of $31 million to $33 million, an improvement from previous guidance [53] Q&A Session Summary Question: Reception and traction of the Industrial Buying Engine and Workcenter adoption - Management noted strong early activity and engagement from buyers and suppliers with the Industrial Buying Engine, expecting a significant increase in active buyers in Q3 [58][59] Question: Cross-sell opportunities with Thomas - Management highlighted the potential for strong increases in new active buyers from the Thomas historical buyer base, benefiting from product synergies [64][66] Question: Macro environment impact - Management indicated no significant macroeconomic factors are slowing growth, emphasizing the large market opportunity and continued traction [67][68] Question: Path to adjusted EBITDA profitability - Management reiterated the expectation of achieving adjusted EBITDA profitability by the end of 2023, driven by revenue growth and improved gross margins [72][73] Question: Activity of sellers shifting to the Xometry marketplace - Management confirmed increasing seller adoption rates, with a focus on providing multiple purchasing options for suppliers [86][88]
Xometry(XMTR) - 2022 Q2 - Earnings Call Presentation
2022-08-10 14:10
Xometry. 1 Q2 2022 Earnings Presentation August 10, 2022 © 2022 Xometry, Inc. and/or its affiliates. All rights reserved. e Safe Harbor This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company's future results of operations and financial position, business strategy, ability to maintain existing, and establish new, strategic partnerships or other arrangements with buyers or suppli ...
Xometry (XMTR) Investor Presentation - Slideshow
2022-06-15 17:29
Xometry. 1 Investor Presentation June, 2022 © 2022 Xometry, Inc. and/or its affiliates. All rights reserved. Confidential a Safe Harbor This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company's future results of operations and financial position, business strategy, ability to maintain existing, and establish new, strategic partnerships or other arrangements with buyers or suppli ...
Xometry(XMTR) - 2022 Q1 - Quarterly Report
2022-05-12 13:00
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) 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, 2022 Delaware 32-0415449 (State or ot ...
Xometry(XMTR) - 2022 Q1 - Earnings Call Presentation
2022-05-11 18:40
Xometry. 1 Q1 2022 Earnings Presentation May 11, 2022 © 2022 Xometry, Inc. and/or its affiliates. All rights reserved. Confidential Safe Harbor This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company's future results of operations and financial position, business strategy, ability to maintain existing, and establish new, strategic partnerships or other arrangements with buyers o ...
Xometry(XMTR) - 2022 Q1 - Earnings Call Transcript
2022-05-11 18:34
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. [Operator Instructions] I would now like to hand ...
Xometry(XMTR) - 2021 Q4 - Annual Report
2022-03-18 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted ...
Xometry(XMTR) - 2021 Q4 - Earnings Call Transcript
2022-03-18 00:04
Xometry, Inc. (NASDAQ:XMTR) Q4 2021 Results Conference Call March 17, 2022 5:00 PM ET Company Participants Shawn Milne - Vice President-Investor Relations Randy Altschuler - Chief Executive Officer Jim Rallo - Chief Financial Officer Conference Call Participants Sterling Auty - JPMorgan Eric Sheridan - Goldman Sachs Brian Drab - William Blair Matt Hedberg - RBC Capital Nat Schindler - Bank of America Karl Keirstead - UBS David Silver - CL King Operator Hello, and thank you for standing by, and welcome to th ...
Xometry(XMTR) - 2021 Q3 - Earnings Call Transcript
2021-11-11 04:34
Xometry, Inc. (NASDAQ:XMTR) Q3 2021 Results Conference Call November 10, 2021 5:00 PM ET Company Participants Shawn Milne - Vice President-Investor Relations Randy Altschuler - Chief Executive Officer Jim Rallo - Chief Financial Officer Conference Call Participants Brian Drab - William Blair Matt Hedberg - RBC Capital Markets Karl Keirstead - UBS Operator Good day, and thank you for standing by, and welcome to the Xometry Inc. Q3 2021 Earnings Call. At this time, all participants are in a listen-only mode. ...