More Than 780 New Suppliers Have Joined Xometry In the First Three Quarters Of 2024, A Nearly Three-Fold Increase Since 2021Growth In Suppliers Reflects Strength Of Xometry’s AI-driven Algorithms, Methods And Models To Generate Accurate Pricing And Lead Times For Buyers, SuppliersThe Xometry Instant Quoting Engine Is Now Available In 16 Languages Worldwide; Xometry’s Workcenter Cloud-Based Manufacturing Execution System Serves As The Digital On-Ramp For Suppliers To Conduct Business Worldwide NORTH BETHESDA ...

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Core Viewpoint - Xometry (XMTR) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with stock price movements, particularly due to institutional investors adjusting their valuations based on these estimates [4][6]. - For Xometry, the upgrade reflects an improvement in the company's underlying business, suggesting that investor sentiment may drive the stock price higher [5][10]. Earnings Estimate Revisions - Xometry is projected to earn -$0.17 per share for the fiscal year ending December 2024, marking a year-over-year change of 57.5% [8]. - Over the past three months, the Zacks Consensus Estimate for Xometry has increased by 2.8%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating, suggesting a strong potential for market-beating returns [9][10]. - The Zacks Rank 2 upgrade positions Xometry in the top 20% of Zacks-covered stocks, indicating a favorable outlook for the stock in the near term [10].

NORTH BETHESDA, Md., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced participation including a fireside chat at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications (TIMT) Conference on Wednesday November 20, 2024 at 9:20 a.m. ET. A webcast and replay of the presentation will be accessible within the Investor Relations section of Xometry’s websi ...

Platform Metrics - Active Buyers on the platform reached 64,851 as of September 30, 2024, up 24% from 52,382 as of September 30, 2023[93] - Accounts with Last Twelve-Month Spend of at least $50,000 reached 1,506 as of September 30, 2024, up 23% from 1,223 as of September 30, 2023[96] - Active Paying Suppliers on the platform was 6,762 as of September 30, 2024, down 9% from 7,415 as of September 30, 2023[97] Revenue and Profitability - 97% of revenue for the quarter ended September 30, 2024 was generated from existing accounts[95] - Revenue for Q3 2024 was $141.7 million, a 19.1% increase from $118.9 million in Q3 2023[116] - Gross profit for Q3 2024 was $55.8 million, a 20.7% increase from $46.2 million in Q3 2023, with gross margin improving to 39.4% from 38.9%[116] - Total revenue increased by $22.8 million (19%) from $118.9 million in Q3 2023 to $141.7 million in Q3 2024, driven by a $24.5 million (24%) increase in marketplace revenue[119] - Marketplace revenue grew to $127.0 million in Q3 2024, up from $102.5 million in Q3 2023, primarily due to increased buyer activity on the platform[119] - Supplier services revenue decreased by $1.7 million (10%) from $16.5 million in Q3 2023 to $14.7 million in Q3 2024, driven by reductions in Thomas non-core services[120] - Gross profit increased by $9.6 million (21%) from $46.2 million in Q3 2023 to $55.8 million in Q3 2024, with marketplace gross margin improving to 33.6% from 31.1%[124][125] - Total revenue for the nine months ended September 30, 2024, increased by $61.7 million (18%) to $397.0 million, with marketplace revenue growing 24% to $351.4 million[136] - Gross profit increased by 21% to $156.6 million for the nine months ended September 30, 2024, with marketplace gross margin improving to 33.1% from 30.6% in the prior year period, largely due to AI-driven platform optimization[141][142] Operating Expenses - Operating expenses for Q3 2024 were $67.3 million, a 13.2% increase from $59.4 million in Q3 2023, but operating expenses as a percentage of revenue decreased to 47.5% from 50.0%[116][118] - Sales and marketing expenses for Q3 2024 were $27.2 million, a 17.2% increase from $23.2 million in Q3 2023, but decreased as a percentage of revenue to 19.2% from 19.5%[116][118] - Product development expenses for Q3 2024 were $9.3 million, a 9.6% increase from $8.5 million in Q3 2023, but decreased as a percentage of revenue to 6.6% from 7.2%[116][118] - General and administrative expenses for Q3 2024 were $16.1 million, a 7.5% increase from $14.9 million in Q3 2023, but decreased as a percentage of revenue to 11.3% from 12.6%[116][118] - Sales and marketing expenses increased by $4.0 million (17%) to $27.2 million in Q3 2024, with advertising expenses rising 22% to $9.4 million[126] - Product development expenses increased by $0.8 million (10%) to $9.3 million in Q3 2024, primarily due to higher software costs[127] - General and administrative expenses increased by $1.1 million (7%) to $16.1 million in Q3 2024, driven by higher employee compensation costs[128] - Sales and marketing expenses increased by 20% to $81.9 million for the nine months ended September 30, 2024, primarily due to additional employee compensation and advertising costs[143] - Product development expenses increased by 13% to $29.0 million for the nine months ended September 30, 2024, driven by higher amortization and software costs[144] - General and administrative expenses decreased by 16% to $47.5 million for the nine months ended September 30, 2024, due to the abandonment of company leases and reduced facilities costs[144] Net Income and Loss - Net loss for Q3 2024 was $(10.2) million, compared to $(12.0) million in Q3 2023, with net loss as a percentage of revenue improving to (7.1)% from (10.1)%[116][118] - Non-GAAP net income for Q3 2024 was $1.1 million, compared to a Non-GAAP net loss of $(2.6) million in Q3 2023, representing 0.8% of revenue versus (2.2)% in the prior year[103] - Non-GAAP net loss for the nine months ended September 30, 2024, was $(5.2) million, compared to $(19.0) million in the same period in 2023, representing (1.3)% of revenue versus (5.7)% in the prior year[104] Adjusted EBITDA - Adjusted EBITDA loss for the three months ended September 30, 2024 was $(0.6) million, compared to $(4.2) million for the same quarter in 2023[100] - Adjusted EBITDA Margin for the quarter ended September 30, 2024 was (0.4)% of revenue, compared to (3.5)% for the same quarter in 2023[100] - Adjusted EBITDA loss for the nine months ended September 30, 2024 was $(10.7) million, compared to $(24.6) million for the same period in 2023[100] - Adjusted EBITDA Margin for the nine months ended September 30, 2024 was (2.7)% of revenue, compared to (7.3)% for the same period in 2023[100] Cash Flow and Financial Position - Net cash used in operating activities was $24.5 million for the nine months ended September 30, 2024, primarily due to a net loss of $40.5 million and a decrease in operating assets and liabilities[154] - Net cash used in investing activities was $14.7 million for the nine months ended September 30, 2024, driven by purchases of marketable securities and property and equipment[154] - Net cash provided by financing activities was $3.2 million for the nine months ended September 30, 2024, primarily from the exercise of stock options[154] - The company's cash and cash equivalents and marketable securities totaled $234.0 million as of September 30, 2024, sufficient to support working capital and capital expenditure requirements for at least the next twelve months[150] International Operations and Currency Impact - International operations generate approximately 16% of the company's revenues, with a majority in Euros[158] - A 10% unfavorable change in the average Euro exchange rate would decrease revenues by 1.3% for the nine months ended September 30, 2024[158] - The company's revenues were not materially impacted by exchange rate changes between September 30, 2023, and September 30, 2024[158] - U.S. operating segment revenue grew to $117.6 million in Q3 2024, up from $103.4 million in Q3 2023, while International segment revenue increased to $24.1 million from $15.5 million[121] - Total revenue for the U.S. operating segment increased to $333.1 million for the nine months ended September 30, 2024, up from $292.7 million in the same period in 2023, while the International operating segment revenue rose to $63.9 million from $42.5 million[138] Business Strategy and Acquisitions - The company acquired Tridi Teknoloj A.S. on January 2, 2023, extending marketplace capabilities in Europe and providing access to the Turkish market[90] - The company exited the tools and materials business and wound down Thomas non-core services, impacting Active Paying Suppliers[97] Interest and Dividend Income - Interest and dividend income for Q3 2024 was $2.8 million, a 7.1% decrease from $3.0 million in Q3 2023[116] Inflation and Risk Management - Inflation has not had a material effect on the company's business, results of operations, or financial condition[159] - Significant inflationary pressures could harm the company's business if costs cannot be offset through price increases[159] - The company does not use derivative financial instruments to manage interest rate risk exposure[157]

Growth is better than expected and it's turning a corner on profitability.Shares of manufacturing marketplace business Xometry (XMTR 17.86%) jumped on Tuesday after the company reported financial results for the third quarter of 2024 that significantly outpaced expectations. As of 12:40 p.m. ET, Xometry stock was up 18%.Xometry is gearing up to deliver profitsTake the magnitude of the jump today with a grain of salt -- Xometry stock usually has low trading volume and any news can cause large swings in the s ...

Xometry (XMTR) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this marketplace for on-demand manufacturing would post a loss of $0.14 per share when it actually produced a loss of $0.01, delivering a surprise of 92.86%.Over the last fou ...

Exhibit 99.1 Xometry Reports Third Quarter 2024 Results • Q3 revenue increased 19% year-over-year to a record $142 million driven by marketplace growth of 24% year-over-year. • Q3 gross profit increased 21% year-over-year to a record $55.8 million. • Q3 marketplace gross profit increased 34% year-over-year, driven by our AI technology and expanding supplier network. Q3 marketplace gross margin increased 250 basis points year-over-year to a record 33.6%. • Q3 Adjusted EBITDA improved 85% year-over-year to a ...

Core Insights - Xometry, Inc. reported a record-setting third quarter for 2024, with significant growth in revenue and gross profit driven by its AI-powered marketplace [2][3][4]. Financial Performance - Q3 revenue increased by 19% year-over-year to $142 million, with marketplace revenue growing by 24% to $127 million [1][4]. - Gross profit for Q3 rose by 21% year-over-year to $55.8 million, with marketplace gross profit increasing by 34% [1][4]. - Adjusted EBITDA improved by 85% year-over-year, resulting in a loss of $0.6 million, the lowest percentage of revenue at 0.4% [1][4][7]. Key Metrics - Active Buyers increased by 24% from 52,382 in Q3 2023 to 64,851 in Q3 2024 [9]. - Accounts with last twelve-months spend of at least $50,000 rose by 23% from 1,223 to 1,506 [9]. - The number of Active Suppliers decreased by 9% to 6,762 [9]. Business Highlights - The company expanded its U.S. marketplace menu and launched new tools in Europe to facilitate high-volume manufacturing projects [5][6]. - Xometry's global supplier base grew significantly, with over 4,200 active suppliers compared to 1,410 at the beginning of 2021 [5][6]. Future Outlook - For Q4 2024, Xometry expects revenue between $145 million and $147 million and anticipates being slightly Adjusted EBITDA profitable [10][11].

Xometry, Inc. (XMTR) shares rallied 14.2% in the last trading session to close at $22.48. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.4% gain over the past four weeks.Xometry’s rally is primarily driven by optimism regarding increased marketplace revenues due to rising buyer activity on the platform. Easing supply chain disruptions also bode well.This marketplace for on-demand manufacturing is expected ...