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. operates an AI-native marketplace that connects buyers and suppliers of custom manufacturing, supported by the Thomasnet industrial sourcing platform and cloud-based services. Company news commonly covers marketplace revenue trends, buyer and supplier network expansion, enterprise customer engagement, international growth, and service enhancements tied to real-time pricing and lead-time data.
Updates also include product and platform developments such as the Xometry Instant Quoting Engine, lead-time prediction models, dynamic pricing logic, and partnerships that embed manufacturability, pricing, sourcing, and execution intelligence into industrial design and procurement workflows. Other recurring items include quarterly earnings releases, investor conference participation, and Thomas sourcing partnerships with manufacturing organizations.
Xometry, Inc. (NASDAQ: XMTR) will release its first quarter 2023 financial results on May 10, 2023, before market opening. The company will hold a conference call at 8:30 a.m. ET to discuss these results. Xometry's digital marketplace connects enterprise buyers with manufacturing service suppliers, facilitating growth for manufacturers and ensuring access to global manufacturing capabilities for large enterprises. Investors can register for the call and access the earnings presentation via its investor website, which will also archive the webcast. This earnings report is anticipated to provide insights into Xometry's operational performance and future outlook.
The latest quarterly survey reveals a significant shift in American manufacturing, with 82% of CEOs embracing reshoring strategies, marking a rise from 55% in January. This optimism is driven by the belief that there is sufficient manufacturing capacity in the U.S., with 71% affirming this notion. Additionally, 51% of companies are investing in artificial intelligence (AI), with 68% reporting significant returns on investment. While most executives remain committed to their strategic plans for 2023, 89% anticipate a potential recession, and 54% believe interest rates should be lowered. The survey underscores the importance of technology in future operations, as 97% of CEOs see AI as essential for modernization.
Xometry, a global online marketplace connecting buyers with manufacturing services, has enhanced its Instant Quoting Engine to automatically quote parts with multiple finishes. This update responds to the growing demand for complex parts and expands materials and finishes options, including galvanized steel and stainless steel. Notably, the new quick-turn injection molding service allows for quotes in as little as two hours. The improved order page offers users a comprehensive view of their purchase history and current orders, further optimizing the customer experience. This initiative aims to streamline the quoting process, reducing the time required for buyers to receive pricing and lead-time information.
Xometry’s AI-Powered Instant Quoting Engine will be embedded in 1688.com, Alibaba Group’s largest wholesale marketplace in China. This exclusive partnership enables Chinese companies to obtain instant quotes and lead times from suppliers, enhancing supply chain resiliency and digitizing the sourcing process. The integration, announced during the Shenzhen International Industrial Manufacturing Technology and Equipment Exhibition, is expected to improve efficiency in bringing products to market. Xometry’s technology aims to foster innovation and assist manufacturers in attaining more work. The product is set to launch in late April 2023.
Xometry, Inc. (NASDAQ:XMTR), a leader in online manufacturing services, announced that CEO Randy Altschuler will represent the company at the Loop Capital Markets 2023 Conference in New York City on March 14, 2023. This opportunity highlights Xometry's commitment to connecting enterprise buyers with suppliers, facilitating a robust digital marketplace for manufacturing services. By enabling large companies to utilize global manufacturing capacity, Xometry assists them in building resilient supply chains. More details can be found at www.xometry.com.
Xometry (NASDAQ: XMTR) has acquired Tridi, Turkey's leading on-demand manufacturing platform, enhancing its European presence. This acquisition allows Xometry to launch a localized marketplace at xometry.com.tr, enabling customers to receive quotes and make purchases in local currency. Tridi serves various sectors including aerospace, automotive, and consumer electronics, providing services like CNC machining and 3D printing. With this move, Xometry aims to create resilient supply chains for European customers, reflecting its commitment to becoming a key player in the industrial marketplace.
Xometry reported a 46% revenue increase year-over-year for Q4 2022, totaling $98.2 million, driven by a 32% marketplace growth and supplier services. Gross profit rose 72% to $36.0 million. Despite these gains, the company's Q4 Adjusted EBITDA loss was $14.2 million, reflecting lower gross margins. Expected Q1 2023 revenue growth is projected at 20%-22%, amounting to $100-$102 million. Xometry is implementing a 5-point strategic plan aimed at expense reduction, including a 6% workforce reduction. Active buyers increased 45% to 40,664 with strong revenue concentration from existing accounts, which represented 96% of total revenue.
Xometry, Inc. (NASDAQ: XMTR) announced its plans to report fourth quarter and full-year 2022 financial results before the market opens on March 1, 2023. The company will host a conference call at 8:30 a.m. ET to discuss these results. An earnings presentation will be available on Xometry's investor website. Xometry connects enterprise buyers with suppliers of manufacturing services, enhancing supply chain resilience and supporting industry growth.
Gravity Climate and Xometry have launched a new initiative aimed at helping industrial customers understand and reduce their supply chain's carbon footprint. The integration uses Gravity's API to provide real-time carbon emissions estimates based on product materials, manufacturing processes, mass, and geography. This tool enhances the efficiency of procurement and sustainability teams in measuring Scope 3 emissions and complying with emissions disclosure commitments. The collaboration reflects a growing trend among companies to adopt sustainable practices and promote greener supply chains.
Xometry (NASDAQ: XMTR) has expanded its operations in Europe with the launch of a localized marketplace for UK customers, now available in 9 languages. This initiative allows UK clients to quote and buy parts in Pound Sterling, enhancing efficiencies in supply chains. The Instant Quoting Engine facilitates immediate pricing and feedback for 15 manufacturing technologies. Xometry aims to strengthen connections between businesses and manufacturers, fostering locally resilient supply chains while offering diverse manufacturing capabilities, including CNC machining and 3D printing.