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.
Overview of Xometry, Inc.
Xometry, Inc. (NASDAQ: XMTR) is a pioneering AI-powered digital marketplace that seamlessly connects enterprise buyers with suppliers of advanced manufacturing services. By merging cutting-edge technologies with a robust cloud-based platform, Xometry is transforming the way custom parts and prototypes are built, utilizing processes such as CNC machining, injection molding, 3D printing, urethane casting, and die casting. With a focus on digital transformation and supply chain resiliency, the company enables both startups and established corporations to access globally distributed manufacturing capacity and advanced digital tools on-demand.
Business Model and Core Services
At its core, Xometry operates as a two-sided marketplace that facilitates efficient interaction between buyers looking for custom manufacturing solutions and a vast network of qualified suppliers. The platform employs an advanced Instant Quoting Engine that leverages millions of data points to analyze part complexities in real-time, ensuring accurate pricing and lead times. Key proprietary technologies and data-driven algorithms enable the matching of buyers with suppliers equipped to meet precise manufacturing requirements.
- Digital Quoting and Pricing: Utilizing an AI-powered engine to provide instant, data-backed quotes for complex parts.
- Cloud-Based Tools: Offering a suite of digital solutions including centralized project management software that supports large-scale and mission-critical projects.
- Multi-Process Capabilities: Covering an extensive range of manufacturing methods such as CNC machining, injection molding, urethane casting, 3D printing, and die casting.
Technological Innovation and Market Position
Xometry stands out through its rigorous integration of artificial intelligence and cloud computing in the manufacturing process. The platform harnesses sophisticated algorithms for auto-quoting, enabling buyers to quickly access pricing and production timelines. This technological innovation not only accelerates production cycles but also drives operational efficiencies, setting Xometry apart in the competitive landscape of digital manufacturing solution providers.
Industry Leadership and Operational Excellence
The company has effectively positioned itself as a vital player within the manufacturing ecosystem by offering a digital solution that addresses the complexities of on-demand production. Xometry's marketplace is built on core principles of transparency and flexibility, catering to a broad spectrum of customers ranging from engineers and product designers to procurement and supply chain professionals. The platform’s continuous improvements and international expansion, including local language support and region-specific marketplaces, emphasize its commitment to fostering resilient supply chains globally.
Supplier Network and Global Reach
Xometry has developed a substantial network of active suppliers across multiple continents. This extensive network provides buyers with access to a wide variety of manufacturing processes and materials, allowing for a comprehensive range of custom part solutions. The company’s ability to integrate local suppliers into a global framework ultimately enhances the ease of access to high-quality manufacturing services and supports a scalable supply chain model.
Expertise and Industry Impact
Leveraging extensive industry experience and a management team with a successful track record in scaling startups, Xometry has built a platform that is synonymous with trust and precision in manufacturing. The company’s commitment to digital innovation, supported by partnerships with technology leaders, underscores its position as a key facilitator of digital transformation in manufacturing.
Explaining the Value Proposition
The value proposition of Xometry is centered on providing an integrated, AI-enhanced manufacturing marketplace that not only reduces lead times and enhances operational efficiency but also democratizes access to advanced manufacturing services. By breaking down geographical and technical barriers, the platform empowers businesses of varying scales to bring their product designs to life with ease and reliability.
Summing Up
Xometry, Inc. is at the forefront of the digital transformation in manufacturing, offering an advanced AI-powered marketplace that bridges the gap between innovative product ideas and practical manufacturing execution. The comprehensive blend of technology, extensive supplier network, and robust cloud-based tools makes it an essential resource for a modern, resilient, and agile manufacturing ecosystem.
Xometry (XMTR) and the Italian Trade Agency (ITA) have announced a strategic partnership to promote Italian manufacturers with North American operations through Xometry's Thomasnet platform. The initiative, called 'Machines Italia', launches an Italian Industrial Hub on Thomasnet.com featuring 30 leading Italian manufacturers specializing in automation, robotics, and metalworking services across the U.S. and Canada.
The partnership leverages Thomasnet's comprehensive promotional tools, including sponsored ads and their Thomas Industry Update newsletter, which reaches 280,000 industry professionals daily. The platform connects qualified professionals with over 500,000 businesses. The featured Italian suppliers are strategically located across Florida, Illinois, New Jersey, North Carolina, Ohio, Oklahoma, Tennessee, Texas, Ontario, and Quebec.
Xometry (NASDAQ: XMTR) has achieved Cybersecurity Maturity Model Certification (CMMC Level 2), becoming one of the first companies to meet rigorous cybersecurity standards set by the U.S. Department of Defense. The certification validates Xometry's ability to protect Controlled Unclassified Information (CUI) and ITAR-regulated export-controlled data.
The company received a perfect score in the audit conducted by a Certified Third-Party Assessor Organization (C3PAO). This certification strengthens Xometry's position as a trusted partner for domestic aerospace companies and defense agencies requiring strict data protection measures.
Xometry operates a two-sided e-commerce marketplace that facilitates the digital transformation of America's manufacturing industry through its proprietary technology, Thomasnet® industrial sourcing platform, and cloud-based tools for managing large, mission-critical projects.
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.
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