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Manufacturing CEOs Support Vice President Kamala Harris' Presidential Bid Yet Believe Former President Trump Will Win The White House, An Independent Survey Reveals
GlobeNewswire News Room· 2024-07-23 12:07
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 ...
Xometry to Announce Second Quarter 2024 Financial Results on August 8, 2024
Newsfilter· 2024-07-16 12:01
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 ...
Xometry to Announce Second Quarter 2024 Financial Results on August 8, 2024
GlobeNewswire News Room· 2024-07-16 12:01
Xometry, Inc. Second Quarter 2024 Earnings Presentation and Conference Call About Xometry Media Contact: Matthew Hutchison Global Corporate Communications Matthew.Hutchison@xometry.com The earnings call and webcast will take place at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time). Xometry also will release an earnings presentation, which will be available on our investor website at investors.xometry.com. The earnings webcast presentation will be archived within the Investor Relations section of Xometry's w ...
Xometry(XMTR) - 2024 Q1 - Quarterly Report
2024-05-09 20:31
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 ...
Xometry(XMTR) - 2024 Q1 - Earnings Call Transcript
2024-05-09 20:10
Xometry, Inc (NASDAQ:XMTR) Q1 2024 Results Conference Call May 9, 2024 8:30 AM ET Company Participants Shawn Milne - Vice President, Investor Relations Randolph Altschuler - Co-Founder, CEO & Director James Miln - Chief Financial Officer Conference Call Participants Nicholas Jones - JMP Securities Jacob Hallac - Citigroup Brian Drab - William Blair Matt Swanson - RBC Eric Sheridan - Goldman Sachs Greg Palm - Craig-Hallum Operator Good morning. My name is Justin, and I will be your conference operator today. ...
Xometry(XMTR) - 2024 Q1 - Quarterly Results
2024-05-09 11:15
Exhibit 99.1 Xometry Reports First Quarter 2024 Results First Quarter 2024 Business Highlights Financial Summary (In thousands, except per share amounts) (Unaudited) | | | | For the Three Months | | | | --- | --- | --- | --- | --- | --- | | | | | Ended March 31, | | | | | | 2024 | | 2023 | % Change | | Consolidated | | | | | | | Revenue | $ | 122,690 | $ | 105,326 | 16 % | | Gross profit | | 47,902 | | 39,369 | 22 % | | Net loss attributable to common stockholders | | (16,616 ) | | (18,344 ) | 9 % | | EPS, ...
Xometry(XMTR) - 2023 Q4 - Annual Report
2024-02-29 21:51
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, 2023 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 32-0415449 (State or other jurisdiction of incorp ...
Xometry(XMTR) - 2023 Q4 - Earnings Call Transcript
2024-02-29 18:30
Xometry, Inc. (NASDAQ:XMTR) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET Company Participants Shawn Milne - Vice President, Investor Relations Randy Altschuler - Chief Executive Officer James Rallo - Chief Financial Officer Conference Call Participants Jake Hallac - Citi Eric Sheridan - Goldman Sachs Brian Drab - William Blair Nicholas Jones - Citizens JMP Cory Carpenter - JPMorgan Matthew Hedberg - RBC Capital Markets Greg Palm - Craig-Hallum Operator Hello and thank you for standing by. W ...
Xometry(XMTR) - 2023 Q4 - Annual Results
2024-02-29 12:15
Financial Performance - Q4 2023 revenue increased 31% year-over-year to $128 million, driven by a 42% growth in marketplace revenue[5] - Q4 gross profit rose 39% year-over-year to $49.1 million, with marketplace gross margin improving by 500 basis points to 31.3%[5] - Adjusted EBITDA loss for Q4 2023 was $2.9 million, reflecting a $12.8 million year-over-year improvement[5] - Total revenue for the full year 2023 was $463 million, a 22% increase year-over-year[8] - Marketplace revenue for the full year 2023 was $395 million, up 30% year-over-year[8] - Net loss attributable to common stockholders for the full year 2023 was $67 million, a decrease of $12 million year-over-year[8] - Revenue for Q4 2023 reached $128.145 million, a 30.7% increase from $98.061 million in Q4 2022[39] - Gross profit for the year ended December 31, 2023, was $178.259 million, up 22.1% from $145.991 million in 2022[39] - The company reported a comprehensive loss of $10.462 million for Q4 2023, compared to a loss of $25.322 million in Q4 2022[39] - For the full year 2023, total revenue was $463.406 million, a 21.6% increase from $380.921 million in 2022[48] - The full year net loss attributable to common stockholders was $67.472 million, an improvement from $79.059 million in 2022[48] Active Users and Marketplace Growth - Active Buyers in the marketplace increased by 36% year-over-year, from 40,664 to 55,458[6] - The number of Active Suppliers grew by 36% year-over-year, from 2,529 to 3,429[11] - Active Buyers have made at least one purchase in the last twelve months, while Active Suppliers have utilized the platform at least once during the same period[24][25] Future Projections - The company expects Q1 2024 revenue growth of 12%-14% year-over-year, projecting revenue between $118 million and $120 million[17] - Xometry expects Q1 2024 Adjusted EBITDA loss of $7.0-$9.0 million[22] - For fiscal 2024, marketplace revenue is expected to grow at least 20% year-over-year, while supplier services revenue is anticipated to decline approximately 10% year-over-year[22] - Xometry aims to achieve Adjusted EBITDA profitability in Q3 2024, with improved operating leverage offset by investments in international and enterprise growth[22] Cash and Assets - The total current assets decreased from $387.2 million in 2022 to $356.2 million in 2023[37] - Cash and cash equivalents decreased from $65.7 million in 2022 to $53.4 million in 2023[37] - Accounts receivable increased from $49.3 million in 2022 to $70.1 million in 2023[37] - Cash used in operating activities for the year was $29.877 million, a significant reduction from $62.575 million in 2022[42] - Cash and cash equivalents at the end of 2023 were $53.424 million, down from $65.662 million at the end of 2022[42] Liabilities and Deficits - Total liabilities increased from $362.3 million in 2022 to $377.0 million in 2023[37] - The accumulated deficit grew from $252.4 million in 2022 to $319.9 million in 2023[37] Stock-Based Compensation - The company incurred $14.355 million in stock-based compensation for the year, compared to $7.236 million in 2022, reflecting increased investment in talent[42] - Stock-based compensation expense for Q4 2023 totaled $5.896 million, compared to $5.124 million in Q4 2022[51] International and U.S. Revenue - U.S. segment revenue reached $110.574 million, up 25.5% from $87.995 million year-over-year[48] - International segment revenue increased by 74.5% to $17.571 million compared to $10.066 million in the same quarter last year[48] AI and Technology Initiatives - Xometry launched new features including a cloud-based collaboration tool and expanded AI-powered quoting capabilities[11] - Xometry's AI-powered marketplace is digitizing the $2 trillion manufacturing industry, providing critical resources for manufacturers[33]
Xometry(XMTR) - 2023 Q3 - Quarterly Report
2023-11-09 21:15
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 September 30, 2023 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 ...