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, 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.
Xometry, Inc. (NASDAQ:XMTR) reported a 35% year-over-year revenue growth for Q3 2021, reaching $56.7 million. Excluding mask sales from one customer, revenue growth was 77%. Gross profit rose 42% to $14.5 million, with an improved gross margin of 25.6%. Active Buyers increased 61% to 26,187, and high-spending accounts surged 67% to 603. Despite these gains, the net loss widened to $14.7 million, up 138% year-over-year. Looking ahead, Xometry anticipates 58%-63% revenue growth for Q4 2021.
Xometry, Inc. (NASDAQ: XMTR) is set to release its third quarter 2021 financial results on November 10, 2021, after the market closes. A conference call to discuss the results will follow at 5:00 p.m. Eastern Time. Interested parties can dial (877) 313-2061 for US/CAN or (470) 495-9537 internationally to participate. An earnings presentation will also be accessible on its investor website. Xometry utilizes AI for on-demand manufacturing, servicing a wide range of clients from startups to Fortune 100 companies.
Xometry, Inc. (NASDAQ: XMTR) has launched Version 2.0 of its app for Autodesk Fusion 360, enhancing on-demand manufacturing capabilities. This update includes instant manufacturability feedback and multiple part upload features, aiding engineers in design improvement and efficiency. Users can now obtain pricing and lead time estimates seamlessly within the design interface. Additionally, Xometry is offering a 10% discount on custom parts orders through the app in the US, with plans for a European version.
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