MUNICH, July 09, 2025 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, announced the launch of its Teamspace solution in Europe, UK and Turkey. Teamspace is a cloud-based solution within the Xometry platform that enables customers to collaborate with other users on projects and custom part orders. Since its launch in the US, Teamspace has seen success with over 7,000 teams created as of Q1 2025. This gl ...

Xometry (XMTR) FY Conference Summary Company Overview - **Company**: Xometry - **Industry**: Custom Manufacturing Marketplace - **Founded**: 2013 - **IPO**: 2021 - **CEO**: Randy Altshuler - **CFO**: James Milne Key Points Industry Dynamics - Custom manufacturing is a significant subsegment of the overall manufacturing market, estimated to exceed $2 trillion [9][10] - The market is highly fragmented, consisting of millions of small and medium-sized manufacturers globally [6][10] Company Growth and Performance - Xometry has tripled its customer base and doubled its manufacturing partner base since its IPO [3][14] - The marketplace revenue has tripled, with gross margins increasing from the mid-twenties to the mid-thirties percentage range [3][14] - In Q1, Xometry reported a 23% year-over-year revenue growth, with marketplace revenue growing 27% year-over-year [14][37] - Active buyers reached over 71,000, marking a 22% year-over-year increase [30][14] - Active suppliers numbered approximately 4,375, with a significant focus on enterprise accounts [30][31] Technology and Innovation - Xometry utilizes machine learning and AI to optimize the manufacturing process, providing instant pricing and lead time options [6][7][15] - The AI analyzes CAD models and matches them with suitable suppliers, enhancing efficiency and profitability for both buyers and suppliers [7][8][15] - The company has integrated with major ERP systems to streamline purchasing processes for large enterprises [53] Market Opportunity and Strategy - Xometry's market penetration is currently less than 1%, indicating substantial growth potential [18] - The company aims to deepen relationships with enterprise customers, with over 100 accounts generating more than $500,000 in revenue [24][31] - International revenue has grown from 2% to 18% of total marketplace revenue from 2020 to 2024, with expansion efforts in Europe and Asia [34] Financial Metrics - Total revenue for the last twelve months (LTM) reached $600 million, with a gross profit of $224 million [14][37] - Gross margins improved from 23.5% in 2020 to 33.5% in 2024, with a long-term target of 35% to 40% [41][42] - The company maintains a strong balance sheet with $231 million in cash and cash equivalents [46] Challenges and Resilience - Xometry has demonstrated durable growth across various economic conditions, including during COVID-19 and periods of supply chain disruptions [57] - The company is positioned to benefit from market uncertainties, as customers seek reliable manufacturing solutions [58] Future Outlook - Xometry plans to continue expanding its technology offerings and marketplace capabilities, aiming for sustained growth and profitability [45][48] - The focus will remain on organic growth, enhancing buyer and supplier networks, and exploring potential acquisitions to accelerate growth [48] Additional Insights - The company has a clear strategy for growth, emphasizing the importance of technology and customer engagement [22][24] - Xometry's approach to supplier engagement and customer satisfaction is designed to optimize profitability and operational efficiency [8][15][40]

Summary of Xometry Conference Call Company Overview - **Company**: Xometry - **Industry**: Custom Manufacturing - **Market Size**: Estimated at over $2 trillion, heavily fragmented with hundreds of thousands of small to medium-sized manufacturers [5][6] Core Business Model - **Marketplace**: AI-powered platform for custom manufacturing, providing instant pricing and optimal manufacturer matching [6][9] - **Global Presence**: Operates 18 localized marketplaces across the U.S., Europe, and Asia [6][12] Key Market Insights - **Addressable Market**: Custom manufacturing is complex, making it difficult for customers to find suitable manufacturers [8][9] - **Buyer Profiles**: Includes engineers and procurement professionals, with a shift towards larger projects and assemblies [13][14] - **Supplier Profiles**: Suppliers are attracted to Xometry due to its ability to fill capacity with high-value jobs [15][17] Growth Metrics - **Buyer and Supplier Base**: Over 71,000 buyers and nearly 4,500 suppliers [13] - **Cohort Growth**: Over 1,500 accounts spending more than $50,000 annually, with 100 accounts exceeding $500,000 [20][21] - **Marketplace Growth**: 27% year-over-year growth in Q1, with a focus on increasing production work [22][24] Strategic Initiatives - **TeamSpace**: Software for organizing and buying entire products or assemblies, gaining traction with over 7,000 teams created [21][35] - **WorkCenter**: A manufacturing execution system for suppliers, enhancing visibility and operational efficiency [36][39] - **Instant Quoting**: Expansion of instant quoting capabilities expected to drive order volume and margin growth [40][42] Market Dynamics - **Tariffs and Supply Chain**: Increased awareness of supply chain resilience due to tariffs, with Xometry positioned to help companies diversify sourcing [24][27] - **Macro Environment**: Despite macroeconomic challenges, Xometry has maintained positive momentum and market share growth [31][32] International Expansion - **Current Footprint**: International business accounts for about 15% of revenue, with plans to grow this to over 30% [50] - **Geographic Focus**: Strong presence in Europe and expanding into Asia, particularly China [52][53] Financial Performance - **Revenue Outlook**: Raised revenue outlook based on consistent growth and strong execution [56][58] - **Marketplace Gross Margin**: Aiming for 35-40% long-term gross margin, with recent investments temporarily impacting margins [63][64] - **EBITDA**: Positive adjusted EBITDA achieved, with a target of 20-30% long-term margins [66][67] Competitive Landscape - **Main Competitor**: Traditional manufacturing methods and local suppliers [48][49] - **Differentiation**: Xometry's digital platform offers a more efficient and reliable solution for custom manufacturing [49][75] Future Outlook - **Transformative Initiatives**: Continued execution on AI-driven quoting, global marketplace expansion, and enhanced tools for buyers and suppliers [76][77]

Xometry (XMTR) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Company Participants Shawn Milne - VP of IRRandy Altschuler - Chief Executive OfficerJames Miln - CFO & Principal Accounting OfficerBrian Drab - Co-Group Head–IndustrialsRon Josey - Managing DirectorSanjeev Sahni - PresidentSimran B - Equity Research Senior AssociateTroy Jensen - Managing Director Conference Call Participants None - AnalystGreg Palm - Senior Research Analyst Operator Good day, and thank you for standing by. Welcome to the Xometry ...

Xometry (XMTR) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Xometry q one twenty twenty five earnings call. At this time, all participants are in a listen only mode. After the presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You'll then hear an automated message advising that your hand is raised. Please limit yourself to one question per person. Plea ...