Xometry(XMTR)

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Xometry(XMTR) - 2023 Q4 - Annual Report
2024-02-29 21:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40546 Xometry, Inc. (Exact name of Registrant as specified in its Charter) Delaware 32-0415449 (State or other jurisdiction of incorp ...
Xometry(XMTR) - 2023 Q4 - Earnings Call Transcript
2024-02-29 18:30
Xometry, Inc. (NASDAQ:XMTR) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET Company Participants Shawn Milne - Vice President, Investor Relations Randy Altschuler - Chief Executive Officer James Rallo - Chief Financial Officer Conference Call Participants Jake Hallac - Citi Eric Sheridan - Goldman Sachs Brian Drab - William Blair Nicholas Jones - Citizens JMP Cory Carpenter - JPMorgan Matthew Hedberg - RBC Capital Markets Greg Palm - Craig-Hallum Operator Hello and thank you for standing by. W ...
Xometry(XMTR) - 2023 Q4 - Annual Results
2024-02-29 12:15
Financial Performance - Q4 2023 revenue increased 31% year-over-year to $128 million, driven by a 42% growth in marketplace revenue[5] - Q4 gross profit rose 39% year-over-year to $49.1 million, with marketplace gross margin improving by 500 basis points to 31.3%[5] - Adjusted EBITDA loss for Q4 2023 was $2.9 million, reflecting a $12.8 million year-over-year improvement[5] - Total revenue for the full year 2023 was $463 million, a 22% increase year-over-year[8] - Marketplace revenue for the full year 2023 was $395 million, up 30% year-over-year[8] - Net loss attributable to common stockholders for the full year 2023 was $67 million, a decrease of $12 million year-over-year[8] - Revenue for Q4 2023 reached $128.145 million, a 30.7% increase from $98.061 million in Q4 2022[39] - Gross profit for the year ended December 31, 2023, was $178.259 million, up 22.1% from $145.991 million in 2022[39] - The company reported a comprehensive loss of $10.462 million for Q4 2023, compared to a loss of $25.322 million in Q4 2022[39] - For the full year 2023, total revenue was $463.406 million, a 21.6% increase from $380.921 million in 2022[48] - The full year net loss attributable to common stockholders was $67.472 million, an improvement from $79.059 million in 2022[48] Active Users and Marketplace Growth - Active Buyers in the marketplace increased by 36% year-over-year, from 40,664 to 55,458[6] - The number of Active Suppliers grew by 36% year-over-year, from 2,529 to 3,429[11] - Active Buyers have made at least one purchase in the last twelve months, while Active Suppliers have utilized the platform at least once during the same period[24][25] Future Projections - The company expects Q1 2024 revenue growth of 12%-14% year-over-year, projecting revenue between $118 million and $120 million[17] - Xometry expects Q1 2024 Adjusted EBITDA loss of $7.0-$9.0 million[22] - For fiscal 2024, marketplace revenue is expected to grow at least 20% year-over-year, while supplier services revenue is anticipated to decline approximately 10% year-over-year[22] - Xometry aims to achieve Adjusted EBITDA profitability in Q3 2024, with improved operating leverage offset by investments in international and enterprise growth[22] Cash and Assets - The total current assets decreased from $387.2 million in 2022 to $356.2 million in 2023[37] - Cash and cash equivalents decreased from $65.7 million in 2022 to $53.4 million in 2023[37] - Accounts receivable increased from $49.3 million in 2022 to $70.1 million in 2023[37] - Cash used in operating activities for the year was $29.877 million, a significant reduction from $62.575 million in 2022[42] - Cash and cash equivalents at the end of 2023 were $53.424 million, down from $65.662 million at the end of 2022[42] Liabilities and Deficits - Total liabilities increased from $362.3 million in 2022 to $377.0 million in 2023[37] - The accumulated deficit grew from $252.4 million in 2022 to $319.9 million in 2023[37] Stock-Based Compensation - The company incurred $14.355 million in stock-based compensation for the year, compared to $7.236 million in 2022, reflecting increased investment in talent[42] - Stock-based compensation expense for Q4 2023 totaled $5.896 million, compared to $5.124 million in Q4 2022[51] International and U.S. Revenue - U.S. segment revenue reached $110.574 million, up 25.5% from $87.995 million year-over-year[48] - International segment revenue increased by 74.5% to $17.571 million compared to $10.066 million in the same quarter last year[48] AI and Technology Initiatives - Xometry launched new features including a cloud-based collaboration tool and expanded AI-powered quoting capabilities[11] - Xometry's AI-powered marketplace is digitizing the $2 trillion manufacturing industry, providing critical resources for manufacturers[33]
Xometry(XMTR) - 2023 Q3 - Quarterly Report
2023-11-09 21:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40546 XOMETRY, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 3 ...
Xometry(XMTR) - 2023 Q3 - Earnings Call Transcript
2023-11-09 19:36
Xometry, Inc. (NASDAQ:XMTR) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Shawn Milne - VP, IR Randy Altschuler - CEO Jim Rallo - CFO Conference Call Participants Nick Jones - JMP Securities Brian Drab - William Blair Eric Sheridan - Goldman Sachs Rohan Joshi - Citi Danny Pfeiffer - JPMorgan Matt Hedberg - RBC Greg Palm - Craig-Hallum Capital Group Operator Good day, and thank you for standing by. Welcome to the Xometry Q3 2023 Earnings Call. At this time, all participant ...
Xometry(XMTR) - 2023 Q3 - Earnings Call Presentation
2023-11-09 19:35
| --- | --- | --- | --- | |----------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | AI-Enabled Marketplace Digitizing Manufacturing | | | | | Q3 2023 Earnings Presentation \| November 9, 2023 | | | | Xometry | Q3 2023 Earnings 2 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 results of o ...
Xometry(XMTR) - 2023 Q2 - Earnings Call Presentation
2023-08-10 14:26
| --- | --- | --- | --- | |--------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | AI-Enabled Marketplace Digitizing Manufacturing | | | | | Q2 2023 Earnings Presentation \| August 9, 2023 | | | | Xometry | Q2 2023 Earnings 2 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 results of opera ...
Xometry(XMTR) - 2023 Q2 - Quarterly Report
2023-08-09 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40546 XOMETRY, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 32-0415449 (State or oth ...
Xometry(XMTR) - 2023 Q2 - Earnings Call Transcript
2023-08-09 17:47
Xometry, Inc. (NASDAQ:XMTR) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Shawn Milne - VP, IR Randy Altschuler - CEO Jim Rallo - CFO Conference Call Participants Eric Sheridan - Goldman Sachs Rohan Joshi - Citi Nick Jones - JMP Securities Brian Drab - William Blair Matt Hedberg - RBC Operator Good day and thank you for standing by. Welcome to the Xometry Q2 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there ...
Xometry(XMTR) - 2023 Q1 - Earnings Call Presentation
2023-05-10 22:26
| --- | --- | --- | --- | --- | --- | |--------------------------------------------|--------------|-------|-------|---------|----------| | | | | | | | | Xometry. | | | | | | | Q1 2023 Earnings Presentation May 10, 2023 | 88 Selection | | | SUPPL | �: Price | | | | | Ø | Quality | | Xometry. 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 results of o ...