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Xometry Reports First Quarter 2025 Results
GlobeNewswire News Room· 2025-05-06 11:01
Core Insights - Xometry, Inc. reported strong financial results for Q1 2025, with a record revenue of $151 million, representing a 23% year-over-year increase, driven by robust marketplace growth [5][7] - The company achieved a significant improvement in Adjusted EBITDA, which reached $0.1 million, reflecting a $7.5 million year-over-year improvement [5][6] - Xometry's marketplace revenue grew by 27% year-over-year to $136 million, indicating a 700 basis point acceleration from Q4 2024, primarily due to strong U.S. enterprise growth [5][6] Financial Highlights - Q1 2025 revenue was $150.971 million, up from $122.690 million in Q1 2024, marking a 23% increase [7] - Gross profit for Q1 2025 increased by 18% year-over-year to $56.331 million [7] - The net loss attributable to common stockholders decreased to $15.078 million from $16.616 million year-over-year, a 9% improvement [7] - Non-GAAP net income for Q1 2025 was $0.828 million, compared to a non-GAAP net loss of $5.742 million in Q1 2024 [6][7] Business Highlights - Active Buyers increased by 22% year-over-year, from 58,504 as of March 31, 2024, to 71,454 as of March 31, 2025 [6][8] - The number of Marketplace Accounts with Last Twelve-Months Spend of at least $50,000 rose by 12%, from 1,381 to 1,545 [6][8] - Supplier services revenue for Q1 2025 was $14.618 million, a decrease of 6% year-over-year [6][7] Growth Initiatives - Xometry plans to expand its buyer and supplier networks, deepen enterprise engagement, and enhance supplier services as part of its growth initiatives for 2025 [5][6] - The company launched Instant Quoting for Injection Molding in the EU, improving sourcing options for customers [6] - Xometry achieved Cybersecurity Maturity Model Certification (CMMC Level 2), reinforcing its position as a trusted partner in the aerospace and defense industries [6] Financial Guidance - For Q2 2025, Xometry expects revenue between $155 million and $157 million, representing a year-over-year growth of 17-18% [10][14] - The company anticipates Adjusted EBITDA of approximately $1.0-2.0 million for Q2 2025, an improvement from a loss of $2.6 million in Q2 2024 [14] - For the full year 2025, Xometry raised its marketplace growth outlook to at least 22% and expects supplier services revenue to decline by approximately 5% year-over-year [14]
Xometry to Announce First Quarter 2025 Financial Results on May 6, 2025
Globenewswire· 2025-04-22 12:02
Core Viewpoint - Xometry, Inc. will report its first quarter 2025 financial results on May 6, 2025, before the market opens, highlighting its ongoing commitment to transparency and investor communication [1][2]. Company Overview - Xometry operates an AI-powered marketplace that is digitizing the manufacturing industry and enhancing supply chain resiliency [5]. - The company provides critical resources for manufacturers and facilitates instant pricing and lead times for buyers, contributing to the creation of locally resilient supply chains [5]. - Xometry's Instant Quoting Engine® utilizes extensive data to analyze complex parts in real time, connecting buyers with suitable suppliers globally [5]. Upcoming Events - A conference call and webcast will be held on May 6, 2025, at 8:30 a.m. Eastern Time to discuss the financial results [2][6]. - An earnings presentation will accompany the press release and will be accessible on Xometry's investor website [2][4].
Xometry: Secular Growth, Reshoring, Tariff Avoidance
Seeking Alpha· 2025-04-17 15:38
Xometry, Inc. (NASDAQ: XMTR ) is an industrial manufacturing platform that ties together small to large manufacturers and their customers to offer a more flexible marketplace. Originally, an organization that optimized small-scale batch manufacturingHello, I am an individual investor with an interest in bringing diversification of viewpoints to stock analysis and investing. This brings to point the Japanese proverb 他山之石 -ta-zan-no-ishi- which translates to "another-mountain's-rock" and denotes the importanc ...
Xometry's Marketplace Has Generated Nearly $1 Billion In Revenue For America's Small- And Medium Manufacturers
GlobeNewswire News Room· 2025-04-17 12:15
From Local Shops to Global Reach: Xometry Helps Manufacturers Thrive And Grow, Reaching New Customers, Reinvesting In Their Business And Attracting Top TalentThe Company’s Annual “Excellence In Manufacturing” Awards Honors U.S. Manufacturers Who Deliver Exceptional QualityWisconsin-Based JR Metal Works, A Multi-Year Winner, Describes Xometry As A “Horsepower Multiplier” For His Business NORTH BETHESDA, Md., April 17, 2025 (GLOBE NEWSWIRE) -- Xometry (NASDAQ: XMTR), the global marketplace digitizing manufact ...
3 Stocks to Buy for the AI Revolution
Investor Place· 2025-03-30 16:00
Tom Yeung here with your Sunday Digest. On Wednesday, OpenAI launched a new AI image generator for ChatGPT. The system has noticeably few guardrails. Users can ask it to make photorealistic images of celebrities… edit existing images… even trick it into violating copyright laws. Social media feeds have become flooded with AI- generated memes in the style of Studio Ghibli, the popular Japanese animation studio behind films like Spirited Away. Source OpenAI's newfound "creative freedom," as its CEO Sam Altman ...
The Italian Trade Agency’s Machines Italia Project Leverages Xometry’s Extensive Thomas Platform To Elevate Visibility Of Italian Manufacturers With Physical Operations Across North America
Globenewswire· 2025-03-25 12:32
Machines Italia Debuts An “Italian Industrial Hub” On Thomasnet.com To Showcase 30 Leading Italian Manufacturers That Have Key Operations In The U.S. & Canada, Offering Renowned Italian Quality In Automation, Robotics, Metalworking Services And MorePartnership Leverages Thomasnet’s Full Suite Of Promotional Tools, Including Thomasnet’s Popular Thomas Industry Update Newsletter Reaching 280,000 Industry Professionals DailyThomasnet’s Industrial Sourcing Platform Connects Highly Qualified Professionals With M ...
The Italian Trade Agency's Machines Italia Project Leverages Xometry's Extensive Thomas Platform To Elevate Visibility Of Italian Manufacturers With Physical Operations Across North America
Newsfilter· 2025-03-25 12:32
Machines Italia Debuts An "Italian Industrial Hub" On Thomasnet.com To Showcase 30 Leading Italian Manufacturers That Have Key Operations In The U.S. & Canada, Offering Renowned Italian Quality In Automation, Robotics, Metalworking Services And MorePartnership Leverages Thomasnet's Full Suite Of Promotional Tools, Including Thomasnet's Popular Thomas Industry Update Newsletter Reaching 280,000 Industry Professionals DailyThomasnet's Industrial Sourcing Platform Connects Highly Qualified Professionals With M ...
Xometry Becomes One Of The First Companies To Achieve Cybersecurity Maturity Model Certification (CMMC Level 2) For Meeting Rigorous Cybersecurity Standards
Globenewswire· 2025-03-19 12:32
Core Insights - Xometry has achieved Cybersecurity Maturity Model Certification (CMMC Level 2), becoming one of the first companies in any industry to meet these stringent cybersecurity standards set by the U.S. Department of Defense [1][2][4] Company Overview - Xometry operates an AI-powered marketplace that connects enterprise buyers with suppliers of manufacturing services, playing a crucial role in the digital transformation of the manufacturing industry [6][7] - The company offers a range of services including a digital marketplace, the Thomasnet industrial sourcing platform, and cloud-based project management tools [6][7] Cybersecurity Compliance - The CMMC framework mandates that contractors working with the Department of Defense must comply with strict cybersecurity requirements to protect Controlled Unclassified Information (CUI) and undergo audits by Certified Third-Party Assessor Organizations (C3PAO) [2][4] - Xometry received a perfect score during the audit, highlighting its commitment to data protection and cybersecurity [2][3] Industry Leadership - The certification reinforces Xometry's position as a trusted partner for aerospace companies and defense agencies, emphasizing the importance of protecting sensitive information in maintaining customer trust and national security [3][4]
Xometry to Participate in the Citizens JMP Technology Conference
Globenewswire· 2025-02-27 13:07
NORTH BETHESDA, Md., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting buyers with suppliers of manufacturing services, today announced it is participating in the Citizens JMP Technology Conference on Tuesday March 4, 2025. About Xometry Xometry’s (NASDAQ:XMTR) AI-powered marketplace, popular Thomasnet® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the ...
Xometry: Positive Fundamentals Despite Volatile Sentiment
Seeking Alpha· 2025-02-27 02:12
Company Performance - Xometry (NASDAQ: XMTR) showed steady progress in Q4 2024 with solid marketplace growth and improved margins despite a significant stock price decline in recent weeks [1] Investment Strategy - Narweena, an asset manager led by Richard Durant, focuses on identifying market dislocations due to poor long-term business prospects, aiming for excess risk-adjusted returns through secular growth opportunities in markets with entry barriers [1] - The research process emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and long-term investment horizon targeting deeply undervalued stocks [1] Market Trends - An aging population with low growth and stagnating productivity is expected to create new investment opportunities, contrasting with past trends [1] - Many industries may face stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - The economy is increasingly influenced by asset-light businesses, leading to a declining need for infrastructure investments over time [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia [1] Leadership Background - Richard Durant holds undergraduate degrees in engineering and finance from the University of Adelaide and an MBA from Nanyang Technological University, along with having passed the CFA exams [1]