Xometry (XMTR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find ...

NORTH BETHESDA, Md., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced participation including a fireside chat at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications (TIMT) Conference on Wednesday November 20, 2024 at 9:20 a.m. ET. A webcast and replay of the presentation will be accessible within the Investor Relations section of Xometry’s websi ...

Xometry (NASDAQ: XMTR ) is almost certainly not a company on the minds or lips of most investors. I was introduced to the company by a long-time subscriberBert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Street Jou ...

Platform Metrics - Active Buyers on the platform reached 64,851 as of September 30, 2024, up 24% from 52,382 as of September 30, 2023[93] - Accounts with Last Twelve-Month Spend of at least $50,000 reached 1,506 as of September 30, 2024, up 23% from 1,223 as of September 30, 2023[96] - Active Paying Suppliers on the platform was 6,762 as of September 30, 2024, down 9% from 7,415 as of September 30, 2023[97] Revenue and Profitability - 97% of revenue for the quarter ended September 30, 2024 was generated from existing accounts[95] - Revenue for Q3 2024 was $141.7 million, a 19.1% increase from $118.9 million in Q3 2023[116] - Gross profit for Q3 2024 was $55.8 million, a 20.7% increase from $46.2 million in Q3 2023, with gross margin improving to 39.4% from 38.9%[116] - Total revenue increased by $22.8 million (19%) from $118.9 million in Q3 2023 to $141.7 million in Q3 2024, driven by a $24.5 million (24%) increase in marketplace revenue[119] - Marketplace revenue grew to $127.0 million in Q3 2024, up from $102.5 million in Q3 2023, primarily due to increased buyer activity on the platform[119] - Supplier services revenue decreased by $1.7 million (10%) from $16.5 million in Q3 2023 to $14.7 million in Q3 2024, driven by reductions in Thomas non-core services[120] - Gross profit increased by $9.6 million (21%) from $46.2 million in Q3 2023 to $55.8 million in Q3 2024, with marketplace gross margin improving to 33.6% from 31.1%[124][125] - Total revenue for the nine months ended September 30, 2024, increased by $61.7 million (18%) to $397.0 million, with marketplace revenue growing 24% to $351.4 million[136] - Gross profit increased by 21% to $156.6 million for the nine months ended September 30, 2024, with marketplace gross margin improving to 33.1% from 30.6% in the prior year period, largely due to AI-driven platform optimization[141][142] Operating Expenses - Operating expenses for Q3 2024 were $67.3 million, a 13.2% increase from $59.4 million in Q3 2023, but operating expenses as a percentage of revenue decreased to 47.5% from 50.0%[116][118] - Sales and marketing expenses for Q3 2024 were $27.2 million, a 17.2% increase from $23.2 million in Q3 2023, but decreased as a percentage of revenue to 19.2% from 19.5%[116][118] - Product development expenses for Q3 2024 were $9.3 million, a 9.6% increase from $8.5 million in Q3 2023, but decreased as a percentage of revenue to 6.6% from 7.2%[116][118] - General and administrative expenses for Q3 2024 were $16.1 million, a 7.5% increase from $14.9 million in Q3 2023, but decreased as a percentage of revenue to 11.3% from 12.6%[116][118] - Sales and marketing expenses increased by $4.0 million (17%) to $27.2 million in Q3 2024, with advertising expenses rising 22% to $9.4 million[126] - Product development expenses increased by $0.8 million (10%) to $9.3 million in Q3 2024, primarily due to higher software costs[127] - General and administrative expenses increased by $1.1 million (7%) to $16.1 million in Q3 2024, driven by higher employee compensation costs[128] - Sales and marketing expenses increased by 20% to $81.9 million for the nine months ended September 30, 2024, primarily due to additional employee compensation and advertising costs[143] - Product development expenses increased by 13% to $29.0 million for the nine months ended September 30, 2024, driven by higher amortization and software costs[144] - General and administrative expenses decreased by 16% to $47.5 million for the nine months ended September 30, 2024, due to the abandonment of company leases and reduced facilities costs[144] Net Income and Loss - Net loss for Q3 2024 was $(10.2) million, compared to $(12.0) million in Q3 2023, with net loss as a percentage of revenue improving to (7.1)% from (10.1)%[116][118] - Non-GAAP net income for Q3 2024 was $1.1 million, compared to a Non-GAAP net loss of $(2.6) million in Q3 2023, representing 0.8% of revenue versus (2.2)% in the prior year[103] - Non-GAAP net loss for the nine months ended September 30, 2024, was $(5.2) million, compared to $(19.0) million in the same period in 2023, representing (1.3)% of revenue versus (5.7)% in the prior year[104] Adjusted EBITDA - Adjusted EBITDA loss for the three months ended September 30, 2024 was $(0.6) million, compared to $(4.2) million for the same quarter in 2023[100] - Adjusted EBITDA Margin for the quarter ended September 30, 2024 was (0.4)% of revenue, compared to (3.5)% for the same quarter in 2023[100] - Adjusted EBITDA loss for the nine months ended September 30, 2024 was $(10.7) million, compared to $(24.6) million for the same period in 2023[100] - Adjusted EBITDA Margin for the nine months ended September 30, 2024 was (2.7)% of revenue, compared to (7.3)% for the same period in 2023[100] Cash Flow and Financial Position - Net cash used in operating activities was $24.5 million for the nine months ended September 30, 2024, primarily due to a net loss of $40.5 million and a decrease in operating assets and liabilities[154] - Net cash used in investing activities was $14.7 million for the nine months ended September 30, 2024, driven by purchases of marketable securities and property and equipment[154] - Net cash provided by financing activities was $3.2 million for the nine months ended September 30, 2024, primarily from the exercise of stock options[154] - The company's cash and cash equivalents and marketable securities totaled $234.0 million as of September 30, 2024, sufficient to support working capital and capital expenditure requirements for at least the next twelve months[150] International Operations and Currency Impact - International operations generate approximately 16% of the company's revenues, with a majority in Euros[158] - A 10% unfavorable change in the average Euro exchange rate would decrease revenues by 1.3% for the nine months ended September 30, 2024[158] - The company's revenues were not materially impacted by exchange rate changes between September 30, 2023, and September 30, 2024[158] - U.S. operating segment revenue grew to $117.6 million in Q3 2024, up from $103.4 million in Q3 2023, while International segment revenue increased to $24.1 million from $15.5 million[121] - Total revenue for the U.S. operating segment increased to $333.1 million for the nine months ended September 30, 2024, up from $292.7 million in the same period in 2023, while the International operating segment revenue rose to $63.9 million from $42.5 million[138] Business Strategy and Acquisitions - The company acquired Tridi Teknoloj A.S. on January 2, 2023, extending marketplace capabilities in Europe and providing access to the Turkish market[90] - The company exited the tools and materials business and wound down Thomas non-core services, impacting Active Paying Suppliers[97] Interest and Dividend Income - Interest and dividend income for Q3 2024 was $2.8 million, a 7.1% decrease from $3.0 million in Q3 2023[116] Inflation and Risk Management - Inflation has not had a material effect on the company's business, results of operations, or financial condition[159] - Significant inflationary pressures could harm the company's business if costs cannot be offset through price increases[159] - The company does not use derivative financial instruments to manage interest rate risk exposure[157]

Xometry, Inc. (NASDAQ:XMTR) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Shawn Milne – Vice President-Investor Relations Randy Altschuler – Chief Executive Officer James Miln – Chief Financial Officer Conference Call Participants Nick Jones – Citizens' JMP Securities Ron Josey – Citibank Brian Drab – William Blair Eric Sheridan – Goldman Sachs Matt Swanson – RBC Cory Carpenter – JPMorgan Greg Palm – Craig-Hallum Operator Good day and thank you for standing by. Welcome to ...

Growth is better than expected and it's turning a corner on profitability.Shares of manufacturing marketplace business Xometry (XMTR 17.86%) jumped on Tuesday after the company reported financial results for the third quarter of 2024 that significantly outpaced expectations. As of 12:40 p.m. ET, Xometry stock was up 18%.Xometry is gearing up to deliver profitsTake the magnitude of the jump today with a grain of salt -- Xometry stock usually has low trading volume and any news can cause large swings in the s ...

| --- | --- | --- | --- | |----------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | AI-Enabled Marketplace Digitizing Manufacturing | | | | | Q3 2024 Earnings Presentation \| November 5, 2024 | | | | Xometry® | Q3 2024 Earnings Safe Harbor This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company's future res ...

Xometry (XMTR) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this marketplace for on-demand manufacturing would post a loss of $0.14 per share when it actually produced a loss of $0.01, delivering a surprise of 92.86%.Over the last fou ...

Exhibit 99.1 Xometry Reports Third Quarter 2024 Results • Q3 revenue increased 19% year-over-year to a record $142 million driven by marketplace growth of 24% year-over-year. • Q3 gross profit increased 21% year-over-year to a record $55.8 million. • Q3 marketplace gross profit increased 34% year-over-year, driven by our AI technology and expanding supplier network. Q3 marketplace gross margin increased 250 basis points year-over-year to a record 33.6%. • Q3 Adjusted EBITDA improved 85% year-over-year to a ...

Q3 revenue increased 19% year-over-year to a record $142 million driven by marketplace growth of 24% year-over-year. Q3 gross profit increased 21% year-over-year to a record $55.8 million.Q3 marketplace gross profit increased 34% year-over-year, driven by our AI technology and expanding supplier network. Q3 marketplace gross margin increased 250 basis points year-over-year to a record 33.6%.Q3 Adjusted EBITDA improved 85% year-over-year to a loss of $0.6 million. Q3 Adjusted EBITDA loss represented a record ...