Welcome to our dedicated page for Xometry news (Ticker: XMTR), a resource for investors and traders seeking the latest updates and insights on Xometry stock.
Xometry, Inc. (NASDAQ: XMTR) is a pioneering company in the field of low-volume manufacturing, leveraging its advanced AI-powered marketplace to connect enterprise buyers with a global network of suppliers. Established in October 2013, Xometry has rapidly grown into a formidable player in the manufacturing industry, boasting over $7 million in raised capital and a robust team of experienced professionals.
Xometry serves a diverse clientele ranging from startups to Fortune 100 companies, offering 24/7 access to cutting-edge manufacturing technologies. These include CNC Machining, Injection Molding, Urethane Casting, 3D Printing, and Die Casting. The company is organized into two main segments: the U.S. and International, with the majority of its revenue generated from the U.S. market.
The company's core offerings are designed to shorten development cycles, increase efficiencies, and create resilient supply chains. Xometry’s flagship product, the Instant Quoting Engine®, utilizes millions of data points to provide real-time pricing and lead times, matching buyers with the most suitable suppliers globally.
In recent developments, Xometry has introduced enhanced features to its Teamspace enterprise collaboration software and expanded its marketplace with new finishing options and a Knowledge Hub for engineers and designers. This continuous innovation underscores Xometry's commitment to modernizing manufacturing processes and fostering a high-tech, resilient industry.
With a strong emphasis on AI, automation, and robotics, Xometry is not just keeping pace with the digital transformation in manufacturing but is actively driving it. The company’s management team, led by CEO Randy Altschuler, has a proven track record of successfully scaling startups and maintains a forward-looking approach towards reshoring and localizing supply chains—efforts that are crucial in today's ever-evolving geopolitical and economic landscape.
Through strategic partnerships, continuous investment in technology, and a focus on cultivating skilled talent, Xometry is well-positioned to be a cornerstone in the future of manufacturing.
Xometry (NASDAQ: XMTR), a global AI-powered marketplace that connects buyers with manufacturing services suppliers, has announced its participation in the upcoming Citizens JMP Technology Conference. The event is scheduled for Tuesday, March 4, 2025. The conference presentation will take place in North Bethesda, Maryland.
Xometry (NASDAQ:XMTR) reported strong Q4 2024 results with record revenue of $149 million, up 16% year-over-year, driven by marketplace growth of 20%. Q4 gross profit increased 20% to a record $59 million, with marketplace gross profit up 32% year-over-year. The company achieved a record marketplace gross margin of 34.5%, an increase of 320 basis points from the previous year.
Q4 Adjusted EBITDA improved by $3.9 million year-over-year to a profit of $1.0 million. Marketplace Active Buyers increased 23% to 68,267, while Accounts with Last Twelve-Months Spend of at least $50,000 grew 12% to 1,495. The company's Active Suppliers increased 28% to 4,375.
For Q1 2025, Xometry expects revenue of $147-$149 million (20-21% growth) and an Adjusted EBITDA loss of approximately $1.5 million, a $6 million improvement from Q1 2024. For full-year 2025, the company projects marketplace revenue growth of at least 20% and expects to be Adjusted EBITDA positive for the entire year.
Xometry (NASDAQ: XMTR), the global AI-powered marketplace connecting enterprise buyers with manufacturing service suppliers, has scheduled its fourth quarter and full year 2024 financial results announcement for February 25, 2025, before market opening.
The company will host a conference call and webcast to discuss the results at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) on the same day. Along with the press release, Xometry will provide an earnings presentation accessible through their investor website at investors.xometry.com. The earnings webcast presentation will be archived in the Investor Relations section of Xometry's website for future reference.
Xometry's Thomas division released its '2025 Automotive Manufacturing Survey' revealing significant shifts in automotive supply chain strategies. 85% of automotive executives plan to increase reliance on North American suppliers in 2025, while 41% intend to reshore some operations.
The survey highlights balanced investment across vehicle technologies: 37% in hybrid, 28% in electric, and 30% in traditional combustible engines. Top innovation priorities include EV battery production (41%) and alternative fuel sources (37%). Additionally, 30% of executives plan to leverage AI for accelerating product development and improving supply chain efficiencies.
The industry is embracing advanced manufacturing techniques like 3D printing and robotics to drive innovation. Xometry's Thomasnet platform connects buyers with over 500,000 North American manufacturers across 80,000 industrial categories.
Xometry (NASDAQ:XMTR) has appointed Sanjeev Singh Sahni as President in a newly created role, reporting to CEO Randy Altschuler. Sahni, former Vice President of B2B E-Commerce and Head of B2B & B2C Sales at Wayfair, will oversee global operations, product, technology, and people teams.
The appointment aims to drive global growth, scale, and operating efficiencies across Xometry's AI-powered marketplace and supplier services. Sahni brings extensive experience in operations, product development, supply chain management, and customer experience, with a strong track record in deploying AI and machine learning solutions.
At Wayfair, Sahni led the multi-billion dollar B2B business and previously established international supply chain capabilities as Head of CastleGate Forwarding. Before Wayfair, he served as an Associate Partner at McKinsey & Company, leading the global Transportation and Logistics practice.
Xometry announced significant growth in its global custom-manufacturing marketplace, now hosting over 4,200 active suppliers. The platform added more than 780 new suppliers in the first three quarters of 2024, marking a 34% increase and nearly triple the number since 2021. The company's Instant Quoting Engine now operates in 16 languages, facilitating global business transactions. The supplier network spans all 50 US states and three continents, offering various manufacturing processes including CNC machining, injection molding, and laser cutting. Through its Donor Advised Fund, Xometry provides scholarships to over 250 students across multiple states to support future manufacturing talent.
Xometry (NASDAQ:XMTR) announced its participation in the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 20, 2024, featuring a fireside chat at 9:20 a.m. ET. The event will be webcasted and available for replay in Xometry's Investor Relations section.
The company's AI-powered marketplace facilitates the digital transformation of manufacturing by connecting enterprise buyers with suppliers. Their technology portfolio includes the Thomasnet® industrial sourcing platform and cloud-based tools for project management. The platform's Instant Quoting Engine® analyzes complex parts in real-time, matching buyers with global suppliers while providing accurate pricing and lead times.
Xometry (NASDAQ:XMTR) reported strong Q3 2024 results with revenue increasing 19% year-over-year to a record $142 million, driven by marketplace growth of 24%. Gross profit rose 21% to $55.8 million, with marketplace gross margin expanding 250 basis points to 33.6%. The company's Adjusted EBITDA loss improved 85% to $0.6 million, representing just 0.4% of revenue. Active buyers increased 24% to 64,851, while accounts spending over $50,000 grew 23% to 1,506. The company expects Q4 2024 revenue between $145-147 million and anticipates becoming slightly Adjusted EBITDA profitable.
Xometry (NASDAQ:XMTR), the global AI-powered marketplace for manufacturing services, has appointed Roy Azevedo to its Board of Directors. Azevedo, former president of two Raytheon Technologies business units, brings extensive experience in engineering, global manufacturing, and supply chain management. His expertise in digitizing operations and embracing emerging technologies like AI and machine learning aligns with Xometry's mission.
CEO Randy Altschuler highlighted Azevedo's understanding of creating resilient supply chains for global companies, which will be valuable as Xometry scales internationally. Azevedo expressed enthusiasm for Xometry's growth potential and its role in digitizing the product lifecycle. With a background in electrical engineering and over three decades at Raytheon, Azevedo's appointment strengthens Xometry's position in the rapid digital transformation of the manufacturing industry.
Xometry, Inc. (NASDAQ: XMTR), an AI-powered marketplace for manufacturing services, has announced it will release its third quarter 2024 financial results before the market opens on Tuesday, November 5, 2024. The company will host a conference call and webcast to discuss the results at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) on the same day.
In addition to the press release, Xometry will also release an earnings presentation, which will be available on their investor website at investors.xometry.com. Interested parties can register for the conference call using the provided link or visit the Xometry Investor Relations Homepage to listen to a live webcast. The earnings webcast presentation will be archived within the Investor Relations section of Xometry's website for future reference.
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