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Xometry, Inc. - XMTR STOCK NEWS

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.

Rhea-AI Summary

Xometry (NASDAQ: XMTR) will participate in two key investor events: the J.P. Morgan Global Technology, Media and Communications Conference on May 20 in Boston, and the William Blair Growth Stock Conference on June 5 in Chicago. The webcasts and replays of these sessions will be available on Xometry's Investor Relations website. Xometry is a global AI-powered marketplace connecting enterprise buyers with manufacturing service suppliers. Their technology enhances development cycles, drives efficiencies, and supports resilient supply chains. Xometry’s offerings include a digital marketplace, Thomasnet® industrial sourcing platform, and cloud-based management tools like Xometry Teamspace.

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Xometry reported a 16% year-over-year increase in Q1 revenue to $123 million, with a 22% increase in gross profit and a record 32% gross margin. Adjusted EBITDA loss improved by 37%. The company aims for long-term growth through various initiatives. However, supplier services revenue decreased by 17%, leading to a net loss of $16.6 million.

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Xometry, Inc. (NASDAQ: XMTR) will release its first quarter 2024 financial results on May 9, 2024. The company, a global AI-powered tech marketplace, will host a conference call and webcast to discuss the results. Investors can access the earnings presentation on the investor website. Details for the conference call and webcast are provided for interested parties.
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Manufacturing CEOs believe the 2024 presidential election will be important for the industry, with a focus on AI, reshoring, and federal policies. The survey by Zogby Strategies and Xometry reveals that CEOs are optimistic about the impact of AI, digital technologies, and reshoring on American manufacturing.
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Xometry Inc. introduces enhanced collaboration tools and order management features for its Teamspace enterprise collaboration software to expedite procurement on its AI-driven marketplace. The new functions include additional collaboration tools, enhanced order management features, and quote summary histories. Xometry also adds partner application support to its Workcenter manufacturing execution system, enabling suppliers to join the marketplace. Xometry's technology aims to drive efficiencies, shorten development cycles, and create resilient supply chains.
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Xometry (NASDAQ: XMTR) expands finishing options on xometry.eu, introduces Knowledge Hub xometry.pro, and launches Czech Marketplace xometry.eu/cs, offering 200 classic RAL colors, community discussions, and local-language sites.
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Xometry, Inc. (XMTR) reported strong Q4 2023 financial results with a 31% revenue increase to $128 million and a 39% gross profit increase. The company's marketplace revenue grew by 42% while supplier services revenue decreased by 15%. Q4 Adjusted EBITDA loss improved by $12.8 million year-over-year. Xometry announced growth initiatives for 2024 and the appointment of James Miln as CFO.
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Xometry, Inc. (NASDAQ:XMTR) appoints James Miln as the new Chief Financial Officer, succeeding retiring CFO Jim Rallo. Miln brings extensive operational excellence and financial planning expertise from big-name tech and consumer brands like Yelp. His appointment aims to drive Xometry's growth and profitability through leveraging its leadership position in digitizing manufacturing.
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Xometry, Inc. (NASDAQ:XMTR) will participate in a fireside chat at the JMP Securities Technology Conference, showcasing its AI-powered marketplace connecting buyers with manufacturing suppliers. The company's technology aids in digital transformation, shortening development cycles, enhancing efficiencies, and fortifying supply chains.
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The 'Career Advancement for Manufacturing Report' reveals that 79% of women are satisfied with progress in the industry, up from 62% in 2020. Over 80% of women recommend a career in manufacturing. The survey highlights the importance of diversity in improving business outcomes.
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FAQ

What is the current stock price of Xometry (XMTR)?

The current stock price of Xometry (XMTR) is $19.34 as of April 8, 2025.

What is the market cap of Xometry (XMTR)?

The market cap of Xometry (XMTR) is approximately 1.1B.

What is Xometry, Inc.'s core business?

Xometry, Inc. operates an AI-powered digital marketplace that connects buyers with suppliers for on-demand manufacturing services, leveraging advanced technologies for precise quoting and rapid production.

How does the Xometry Instant Quoting Engine work?

The Instant Quoting Engine uses millions of data points and AI-driven algorithms to analyze complex part designs in real-time, providing accurate pricing and lead times by matching buyers with appropriate suppliers.

Which manufacturing processes does Xometry support?

Xometry supports a wide range of manufacturing processes, including CNC machining, injection molding, urethane casting, 3D printing, and die casting, among others.

How does Xometry ensure supply chain resiliency?

The digital marketplace integrates an extensive global network of suppliers and employs cloud-based tools to streamline production workflows, enabling businesses to build locally resilient supply chains.

What differentiates Xometry from other manufacturing platforms?

Xometry stands out with its advanced AI and data analytics capabilities, cloud-based management tools, and a comprehensive global supplier network that collectively enhance efficiency and reduce production lead times.

Who are Xometry's typical customers?

The platform serves a diverse clientele including engineers, product designers, procurement specialists, supply chain managers, and inventors ranging from startups to Fortune 100 companies.

What role does technology play in Xometry's operations?

Technology is central to Xometry’s operations; AI-driven analysis and cloud-based software not only streamline the manufacturing process but also support instant quoting and effective supplier matching.

How does Xometry support international operations?

Xometry is organized into U.S. and International segments, with features like multi-language support and local marketplaces designed to cater to global buyers and suppliers, ensuring a seamless international experience.
Xometry, Inc.

Nasdaq:XMTR

XMTR Rankings

XMTR Stock Data

1.06B
43.35M
10.67%
94.55%
7.47%
Specialty Industrial Machinery
Services-business Services, Nec
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United States
NORTH BETHESDA