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, a digital marketplace for on-demand manufacturing, has announced new initiatives including a cloud-based enterprise software from FactoryFour, aimed at streamlining manufacturing operations. This manufacturing execution system integrates with the Xometry Marketplace and Thomasnet.com, providing suppliers with a centralized order management tool. Additionally, Xometry is rolling out 'Xometry Partner' badges on Thomasnet.com to enhance connectivity between manufacturers and buyers. The software is expected to be available in Q2 2022, further supporting Xometry's commitment to digitizing the manufacturing sector.
Xometry, a digital marketplace for on-demand manufacturing, has priced $250 million in 1.00% Convertible Senior Notes due 2027, aimed at qualified institutional buyers. The offering is expected to close on February 4, 2022. The net proceeds are estimated at $241.9 million, intended for working capital, general corporate purposes, and strategic acquisitions. The Notes, convertible under specific conditions, may also be redeemed after February 2025. The offering is private and not registered under the Securities Act, thus limiting resale options.
Xometry, a digital marketplace for on-demand manufacturing, announced its plans to offer $250 million in Convertible Senior Notes due 2027 in a private placement. The company aims to grant initial purchasers an option to acquire an additional $37.5 million of these notes within 13 days of issuance. The proceeds will support working capital, acquisitions, and strategic investments. The notes will be unsecured and convertible into cash or shares, with interest paid semiannually.
Xometry (NASDAQ:XMTR) announced preliminary revenue estimates for Q4 2021, projecting between $65.5 million and $67.5 million. This includes revenue from the recently acquired Thomas Publishing Company, expected to contribute $3.5 million to $4.5 million. Excluding Thomas, revenue is expected between $62.0 million and $63.0 million, showing a growth of 63-66% year-over-year, and 80-83% after removing sales from a specific customer. The gross profit margin is estimated to be 27.3%-27.6%, an improvement from 25.0% in Q4 2020. Full financial results will be reported on March 17, 2022.
Xometry (NASDAQ: XMTR) released the 'Thomas Industrial Sourcing & Supply Chain Activity Snapshot', showcasing key sourcing trends in North America. The report highlights ongoing global shipping delays and IIoT growth as significant factors influencing the industrial economy. Key findings include the top sourced products like Printed Circuit Boards and Steel, along with leading services such as Engineering and CNC machining. Notably, the data reveals impressive year-over-year growth for products like LED lamps (up 1967%) and cable wire (up 757%). The full report is available for download.
Xometry (NASDAQ:XMTR) has integrated Big Blue Saw’s software into its online marketplace, enhancing its AI-driven quoting capabilities for complex 2D operations such as laser and waterjet cutting. This acquisition, finalized in November 2021, allows Xometry to offer instant quotes at competitive prices. With Big Blue Saw's extensive data and experience, Xometry now provides expanded services to support various industries, including aerospace and robotics. The company aims to accelerate digital transformation in manufacturing through its growing global marketplace.
Xometry, a top AI-enabled marketplace for on-demand manufacturing, will be participating in the 24th Annual Needham Virtual Growth Conference on January 14, 2022. The senior management will present to investors, and a live webcast of the presentation will be available on Xometry’s Investor Relations website. An archived replay will also be accessible after the event. Xometry connects buyers and sellers in the manufacturing sector, ranging from startups to Fortune 100 companies, utilizing its proprietary technology for efficient sourcing of parts and assemblies.
Xometry (NASDAQ: XMTR) has announced its acquisition of Thomasnet.com for $300 million in a cash and stock deal. This acquisition aims to expand Xometry's global digital marketplace, enhancing connections between manufacturers and buyers. The deal, expected to close shortly, will introduce an end-to-end suite of services, focusing on fintech and digital marketing. Xometry anticipates immediate improvements in gross margins and an accelerated path to profitability by 2023, leveraging Thomas' extensive buyer network, including 93% of Fortune 1000 companies.
Xometry, a leading AI-enabled marketplace for on-demand manufacturing, will participate in the UBS Global TMT Virtual Conference on December 8, 2021. Senior management will engage in a fireside chat and investor meetings. The event will include a webcast accessible via Xometry's Investor Relations page, with a replay available post-presentation. Xometry's innovative technology connects buyers and sellers in the manufacturing industry, serving a clientele that ranges from startups to Fortune 100 companies.
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