Xometry(XMTR)2025-02-25 12:10Revenue Growth - Q4 2024 revenue increased 16% year-over-year to a record 486 million, an increase of 23% year-over-year[10]. - For Q1 2025, the company expects revenue of 149 million, representing 20-21% growth year-over-year[14][15]. - Revenue for Q4 2024 was 128.145 million in Q4 2023[38]. - U.S. segment revenue was 110.6 million in the same quarter last year[49]. - International segment revenue increased by 42.1% to 17.6 million year-over-year[49]. Profitability and Loss - Adjusted EBITDA for Q4 2024 was a profit of 3.9 million year-over-year[6][11]. - Non-GAAP net income for Q4 2024 was 0.4 million in Q4 2023[6][11]. - Net loss for Q4 2024 was 10.553 million in Q4 2023, showing a 6.2% improvement[38]. - The company reported a comprehensive loss of 10.446 million in Q4 2023[38]. - Non-GAAP EPS for Q4 2024 was 0.01 in Q4 2023[47]. Operating Expenses - Total operating expenses for Q4 2024 were 61.624 million in Q4 2023, reflecting a 14.8% rise[38]. - Total cost of revenue for Q4 2024 was 79.1 million in Q4 2023, reflecting a 13.5% increase[49]. - Total stock-based compensation expense for the year 2024 was 22.1 million in 2023, representing a 37.1% increase[51]. - The company recorded a total depreciation and amortization expense of 10.7 million in 2023, a 21.5% increase[51]. Active Users and Suppliers - Marketplace Active Buyers grew 23% year-over-year from 55,325 to 68,267 as of December 31, 2024[6][12]. - The number of Active Suppliers increased 28% year-over-year from 3,429 to 4,375[10]. - Active Buyers are defined as individuals who have made at least one purchase in the last twelve months, indicating a focus on user engagement[21]. - Active Suppliers are those who have utilized the platform at least once in the last twelve months, emphasizing supplier participation[22]. Financial Position - Total current assets decreased from 327,540 thousand in 2024, a decline of approximately 8.0%[36]. - Cash and cash equivalents dropped significantly from 22,232 thousand in 2024, a decrease of about 58.5%[36]. - Accounts receivable increased from 73,962 thousand in 2024, reflecting a growth of approximately 4.0%[36]. - Total liabilities decreased from 364,533 thousand in 2024, a reduction of about 3.3%[36]. - Stockholders' equity declined from 315,596 thousand in 2024, a decrease of approximately 4.5%[36]. Future Outlook - For FY 2025, the company expects marketplace revenue growth of at least 20% year-over-year[15]. - The Company plans to host a conference call on February 25, 2025, to discuss Q4 and full year 2024 financial results, indicating ongoing communication with investors[32]. Financial Metrics and Adjustments - Non-GAAP net income (loss) is adjusted for various non-recurring items, providing a clearer view of operational performance[28]. - The Company emphasizes the importance of reviewing financial information in its entirety rather than relying on a single financial measure, highlighting a comprehensive approach to financial analysis[19]. - Adjusted EBITDA for Q4 2024 was 2.850 million in Q4 2023[43]. - The U.S. segment reported an Adjusted EBITDA of 0.8 million in Q4 2023[49]. - International segment Adjusted EBITDA showed a loss of 2.1 million in Q4 2023[49].