Financial Data and Key Metrics Changes - In Q4 2024, revenue increased 16% year-over-year to a record $149 million, with marketplace revenue growing 20% year-over-year to $135 million [10][32] - Adjusted EBITDA was $1 million, a $3.9 million improvement year-over-year, marking a significant milestone towards profitability [16][40] - Q4 gross profit increased 20% year-over-year to $59 million, with a gross margin of 39.7% [36][40] - Marketplace gross margin expanded 320 basis points year-over-year to a record 34.5% [15][36] Business Line Data and Key Metrics Changes - Marketplace revenue was driven by a 23% increase in active buyers, reaching over 68,000, with net additions of over 3,400 in Q4 [11][33] - Supplier services revenue declined 13% year-over-year in Q4, primarily due to the wind down of non-core services [36] - The number of accounts with last 12 months spend of at least $50,000 increased 12% year-over-year to 1,495 [34] Market Data and Key Metrics Changes - International revenue grew 42% year-over-year in Q4, reaching a $100 million run rate, representing 18% of total marketplace revenue [12][25] - The company expects international revenue to represent 30% to 40% of marketplace revenue in the long term [25] Company Strategy and Development Direction - The company aims to be the global marketplace for the $2 trillion custom manufacturing market, focusing on expanding buyer and supplier networks and enhancing customer segmentation through AI [17][18] - Key growth initiatives include deeper enterprise engagement, expanding the marketplace menu, and enhancing supplier services [22][27] - The company plans to invest in next-generation AI models to improve cost and lead time optimization [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong growth and scale in 2025, despite a challenging manufacturing environment [10][28] - The company is focused on improving working capital efficiency and cash flow conversion, with expectations for continued revenue growth in 2025 exceeding 2024 growth [48][49] - Management highlighted the importance of their technology platform in providing solutions to customers amid volatile global trade policies [100][102] Other Important Information - The company is investing in a new ad server technology platform to enhance supplier engagement and improve monetization of Thomas [27] - Cash and cash equivalents increased to $240 million, driven by positive adjusted EBITDA and improved working capital [42][43] Q&A Session Summary Question: How should we think about the pathway to international revenue growth? - Management expects international revenue to reach 30% to 40% of marketplace revenue, with strong growth in EMEA and anticipated growth in Asia Pacific [55][56] Question: Can you elaborate on multimodal AI and its impact on the buyer process? - The transition to a multimodal model will allow customers to upload various file types for instant quotes, reducing friction and improving customer experience [57][58] Question: What is the current state of the manufacturing environment and its impact on your business? - Management noted increasing success in the enterprise segment, with a focus on technology and safety appealing to customers in a fragmented market [61][62] Question: How is the global sourcing strategy impacting Q1 guidance? - The acceleration of global sourcing is expected to dampen gross margin temporarily in Q1, but management is confident in long-term improvements [66][67] Question: Can you provide insights on order growth in Q4 and 2024? - Management reported a record number of active buyers and strong growth in orders, indicating a positive trend moving into 2025 [74][75] Question: What is the relationship between Thomas and the legacy business? - Management emphasized the focus on technology integration and increasing advertiser penetration on the Thomas platform, which is seen as a high-margin opportunity [82] Question: How have changes in the tariff landscape affected buyer behavior? - Customers are increasingly aware of risk mitigation strategies, leading to a preference for flexible sourcing options across different geographies [100][109]

Core Viewpoint - Xometry reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, and showing a significant improvement from a loss of $0.01 per share a year ago, indicating a strong earnings surprise of 100% [1] Financial Performance - The company achieved revenues of $148.55 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.53%, and reflecting a year-over-year increase from $128.15 million [2] - Over the last four quarters, Xometry has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance and Outlook - Xometry shares have declined approximately 26.6% since the beginning of the year, contrasting with the S&P 500's gain of 1.7% [3] - The future performance of Xometry's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.03 on revenues of $151.46 million, and for the current fiscal year, it is $0.29 on revenues of $649.06 million [7] - The estimate revisions trend for Xometry is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Manufacturing - General Industrial industry, to which Xometry belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Revenue Growth - Q4 2024 revenue increased 16% year-over-year to a record $149 million, driven by marketplace growth of 20% year-over-year[5]. - Full year 2024 marketplace revenue was $486 million, an increase of 23% year-over-year[10]. - For Q1 2025, the company expects revenue of $147-$149 million, representing 20-21% growth year-over-year[14][15]. - Revenue for Q4 2024 was $148.546 million, a 15.9% increase from $128.145 million in Q4 2023[38]. - U.S. segment revenue was $123.6 million, up 11.8% from $110.6 million in the same quarter last year[49]. - International segment revenue increased by 42.1% to $24.9 million from $17.6 million year-over-year[49]. Profitability and Loss - Adjusted EBITDA for Q4 2024 was a profit of $1.0 million, reflecting an improvement of $3.9 million year-over-year[6][11]. - Non-GAAP net income for Q4 2024 was $3.2 million, compared to a Non-GAAP net loss of $0.4 million in Q4 2023[6][11]. - Net loss for Q4 2024 was $9.896 million, compared to a net loss of $10.553 million in Q4 2023, showing a 6.2% improvement[38]. - The company reported a comprehensive loss of $11.499 million for Q4 2024, compared to a loss of $10.446 million in Q4 2023[38]. - Non-GAAP EPS for Q4 2024 was $0.06, compared to a loss of $0.01 in Q4 2023[47]. Operating Expenses - Total operating expenses for Q4 2024 were $70.542 million, an increase from $61.624 million in Q4 2023, reflecting a 14.8% rise[38]. - Total cost of revenue for Q4 2024 was $89.5 million, compared to $79.1 million in Q4 2023, reflecting a 13.5% increase[49]. - Total stock-based compensation expense for the year 2024 was $30.3 million, up from $22.1 million in 2023, representing a 37.1% increase[51]. - The company recorded a total depreciation and amortization expense of $13.0 million for the year 2024, compared to $10.7 million in 2023, a 21.5% increase[51]. Active Users and Suppliers - Marketplace Active Buyers grew 23% year-over-year from 55,325 to 68,267 as of December 31, 2024[6][12]. - The number of Active Suppliers increased 28% year-over-year from 3,429 to 4,375[10]. - Active Buyers are defined as individuals who have made at least one purchase in the last twelve months, indicating a focus on user engagement[21]. - Active Suppliers are those who have utilized the platform at least once in the last twelve months, emphasizing supplier participation[22]. Financial Position - Total current assets decreased from $356,231 thousand in 2023 to $327,540 thousand in 2024, a decline of approximately 8.0%[36]. - Cash and cash equivalents dropped significantly from $53,424 thousand in 2023 to $22,232 thousand in 2024, a decrease of about 58.5%[36]. - Accounts receivable increased from $70,102 thousand in 2023 to $73,962 thousand in 2024, reflecting a growth of approximately 4.0%[36]. - Total liabilities decreased from $376,968 thousand in 2023 to $364,533 thousand in 2024, a reduction of about 3.3%[36]. - Stockholders' equity declined from $330,419 thousand in 2023 to $315,596 thousand in 2024, a decrease of approximately 4.5%[36]. Future Outlook - For FY 2025, the company expects marketplace revenue growth of at least 20% year-over-year[15]. - The Company plans to host a conference call on February 25, 2025, to discuss Q4 and full year 2024 financial results, indicating ongoing communication with investors[32]. Financial Metrics and Adjustments - Non-GAAP net income (loss) is adjusted for various non-recurring items, providing a clearer view of operational performance[28]. - The Company emphasizes the importance of reviewing financial information in its entirety rather than relying on a single financial measure, highlighting a comprehensive approach to financial analysis[19]. - Adjusted EBITDA for Q4 2024 was $1.049 million, compared to a loss of $2.850 million in Q4 2023[43]. - The U.S. segment reported an Adjusted EBITDA of $4.0 million for Q4 2024, a significant recovery from a loss of $0.8 million in Q4 2023[49]. - International segment Adjusted EBITDA showed a loss of $2.9 million for Q4 2024, compared to a loss of $2.1 million in Q4 2023[49].

Core Insights - Xometry, Inc. reported strong financial results for Q4 and full year 2024, highlighting significant marketplace growth and improved profitability metrics [2][5][11] Financial Highlights - Q4 2024 revenue reached $149 million, a 16% increase year-over-year, driven by a 20% growth in marketplace revenue [5][12] - Q4 gross profit was $59 million, up 20% year-over-year, with a record marketplace gross margin of 34.5%, reflecting a 320 basis point improvement [5][12] - Adjusted EBITDA for Q4 was a profit of $1 million, marking a $3.9 million improvement from the previous year [5][12] - For the full year 2024, marketplace revenue totaled $486 million, a 23% increase year-over-year, while supplier services revenue decreased by 13% to $59.6 million [11][12] Business Highlights - Active Buyers increased by 23% year-over-year, from 55,325 to 68,267, indicating strong customer engagement [6][13] - The number of Accounts with Last Twelve-Months Spend of at least $50,000 rose by 12%, from 1,331 to 1,495 [6][13] - The company expanded its supplier network by 28% year-over-year, growing from 3,429 to 4,375 suppliers [6][13] - Xometry retained key certifications for various industries, enhancing its capabilities for enterprise accounts [5][6] Operational Developments - The company launched new features for its marketplace and Teamspace enterprise collaboration software, enhancing user experience and operational efficiency [11][12] - Xometry expanded its international pricing and supplier base, particularly in key manufacturing regions like Turkey and India [5][6] - A new patent was received for the Xometry Instant Quoting Engine, further solidifying its technological edge in the marketplace [7] Financial Guidance - For Q1 2025, Xometry expects revenue between $147 million and $149 million, representing a year-over-year growth of 20-21% [21] - The company anticipates an Adjusted EBITDA loss of approximately $1.5 million for Q1 2025, an improvement from the previous year [21]

Core Insights - Xometry, Inc. will report its fourth quarter and full year 2024 financial results on February 25, 2025, before market opens [1] - A conference call and webcast will be held at 8:30 a.m. Eastern Time on the same day to discuss the results [2][3] - An earnings presentation will be available on Xometry's investor website [2][4] Company Overview - Xometry operates an AI-powered marketplace that connects enterprise buyers with suppliers of manufacturing services, aiming to digitize the manufacturing industry [5] - The company offers a suite of cloud-based services and utilizes the Xometry Instant Quoting Engine to provide real-time analysis and accurate pricing for complex parts [5]

Core Insights - Nearly 85% of automotive executives plan to rely more heavily on North American suppliers in 2025 to strengthen supply chains [1] - 41% of executives intend to reshore some operations [1][5] - Investment is nearly equal across hybrid (37%), electric (28%), and traditional combustible engine (30%) technologies [2] Investment and Innovation - Executives are focusing on innovations in EV battery production (41%) and alternative fuel sources (37%) [2][5] - AI is expected to play a significant role, with nearly a third (30%) of executives believing it will accelerate product development and improve supply chain efficiencies [2][5] Manufacturing Techniques - Enhanced manufacturing techniques such as 3D printing and robotics are being embraced to drive innovation [2][3] - The Thomasnet industrial sourcing platform connects buyers and procurement professionals to over 500,000 North American manufacturers across 80,000 industrial categories [4][5]

Group 1: Take-Two Interactive Software, Inc. (TTWO) - Take-Two is highlighted as a top video game pick for 2025, with a price target of $225 and a 22% upside, driven by a strong game lineup including GTA 6, Borderlands 4, Civilization 7, and Mafia: The Old Country [1][2] - GTA 6 is expected to be a primary driver of TTWO's share performance, with the second trailer anticipated to generate significant pre-release hype and pre-orders [2][3] - Take-Two has a history of exceeding market forecasts, with projections of 46% bookings growth in FY26, supported by a robust mobile strategy and over 30 planned titles through FY27 [3] Group 2: Xometry, Inc. (XMTR) - Xometry is positioned as a leading player in the custom manufacturing marketplace, with a price target of $45 and a 23% upside, benefiting from potential tariffs and supply chain uncertainties [1][4] - The company is expected to achieve revenue growth acceleration of 19% in 2025, driven by initiatives such as instant quoting and international expansion [5] - Despite challenges in the manufacturing environment, Xometry is viewed positively for its potential to capitalize on the onshoring trend and has multiple avenues for growth in 2025 [4][5]

Core Insights - Xometry has appointed Sanjeev Singh Sahni as President to enhance global growth and operational efficiency [1][2][3] - Sahni's extensive experience in B2B and B2C sectors, particularly in technology integration and supply chain management, is expected to drive Xometry's growth initiatives [2][4] - The company emphasizes the importance of its AI-powered marketplace in transforming the manufacturing industry and improving supply chain resilience [5][6] Company Overview - Xometry operates an AI-powered marketplace that connects enterprise buyers with suppliers of manufacturing services, facilitating digital transformation in the manufacturing sector [5][6] - The company offers a suite of services including the Thomasnet® industrial sourcing platform and cloud-based project management tools [5][6] - Xometry's Instant Quoting Engine® utilizes extensive data to provide real-time analysis of complex parts, ensuring accurate pricing and lead times for buyers [6] Leadership and Strategy - Sanjeev Sahni's role will encompass overseeing global operations, product development, technology, and personnel, aiming to enhance Xometry's service offerings [1][3] - His previous roles at Wayfair and McKinsey & Company highlight his capability in managing large-scale operations and developing international supply chain strategies [4]

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 ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...