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. (NASDAQ: XMTR) is frequently in the news as a global AI-powered marketplace connecting buyers and suppliers of custom manufacturing. Company updates often highlight enhancements to its digital platforms, growth in marketplace activity and developments across its ecosystem of buyers, suppliers and industrial partners. News coverage reflects Xometry’s focus on digitizing manufacturing workflows and expanding the capabilities of its online marketplace and related services.
Recent announcements have included record quarterly financial results, with details on marketplace revenue, supplier services revenue, gross profit and key operating metrics such as Active Buyers and accounts with significant last-twelve-months spend. These releases explain how Xometry’s execution on initiatives like expanding buyer and supplier networks, deepening enterprise engagement, growing internationally and enhancing supplier services contributes to its financial performance.
Product and platform news is another recurring theme. Xometry has reported expansions of its additive manufacturing materials, the launch of auto-quote capabilities for injection molding in the U.S. and Europe, and new features in its automated quoting platform, such as preferred subprocess selection and additional tolerance options. The company has also announced CMMC Level 2 certification for supporting aerospace and defense customers and described plans for more granular global sourcing controls.
Updates from Thomas, a Xometry business, and the Workcenter platform also appear in the news flow. These include the launch of Thomas Smart Search, performance-based ad listings for industrial suppliers, and the Workcenter Mobile App that enables partners to manage jobs and workflows on the go. Investors and industry professionals following XMTR news can expect coverage of earnings releases, technology enhancements, marketplace metrics, supplier tools and research such as Xometry’s Manufacturing Outlook report.
Randy Altschuler, CEO of Xometry, praised the U.S. Senate for passing the CHIPS and Science Act, emphasizing its importance for American manufacturing and national security. The bill focuses on investments in robotics, AI, and skills training for workers. He expressed commitment to supporting over 500,000 American manufacturers through partnerships aimed at developing a skilled workforce. Xometry plans to cover tuition for dozens of employees in various states, with more announcements expected this summer.
CoLab is collaborating with Xometry (NASDAQ: XMTR) to integrate its innovation into the Workcenter platform, designed for mechanical engineering teams. This partnership will enhance supplier collaboration, enabling quicker feedback loops and reducing design communication errors. CoLab aims to create a seamless design engagement system, improving efficiency for engineering teams and their suppliers. Xometry's announcement during the Xometry Marketplace Summit emphasizes its commitment to building an interconnected ecosystem for suppliers.
Xometry, Inc. (NASDAQ: XMTR) will announce its Q2 2022 financial results before market opening on August 10, 2022. A conference call is scheduled for 8:30 a.m. ET (5:30 a.m. PT) on the same day to discuss the results. Xometry will also release an earnings presentation available on their investor website. The company connects enterprise buyers with manufacturing service suppliers, enhancing supply chain resilience for Fortune 1000 companies.
Xometry (NASDAQ: XMTR) has unveiled new digital sourcing tools on Thomasnet.com designed to streamline the procurement process for enterprise buyers. This includes the Industrial Buying Engine, which connects buyers to over 500,000 suppliers, and a cloud-based Workcenter for suppliers to manage workflows and payments. These innovations aim to enhance local supply chains and offer a seamless quoting experience, allowing for quicker transactions. The tools are set to be operational on June 30, 2022, and support Xometry's commitment to digital transformation in manufacturing.
Xometry, Inc. (NASDAQ:XMTR) will host a virtual event titled “The Xometry Marketplace: Powering Tomorrow’s Supply Chain” on June 29, 2022.
CEO Randy Altschuler will unveil new technologies enhancing the digitization of manufacturing, aiming to improve supply chain efficiency and procurement processes.
Xometry, Inc. (NASDAQ:XMTR) announced its participation in several upcoming investor events. Key dates include the Loop Capital Markets’ 2022 Investor Conference on June 2 in New York City (no presentation), the William Blair 42nd Annual Growth Stock Conference on June 7 at 5:40 p.m. ET in Chicago, and the BofA Securities 2022 Global Technology Conference on June 9 at 3:30 p.m. ET in San Francisco. Webcasts and replays of the presentations will be available in the Investor Relations section of Xometry's website post-session.
Xometry (NASDAQ: XMTR), a leading online marketplace for manufacturing services, announced that CEO Randy Altschuler will present at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022. This event highlights Xometry's commitment to connecting enterprise buyers with manufacturers. Investors can access a live webcast of the presentation on Xometry's Investor Relations section. An archived replay will be available post-event.
Xometry reported a robust Q1 2022 with total revenue reaching $83.7 million, a 90% increase year-over-year, driven by growing marketplace and supplier service revenues. Gross profit surged 235% to $32.9 million. Active buyers rose 44% to 30,683, with a 92% increase in accounts spending over $50,000. Despite these gains, the company faced a net loss of $20 million, attributed in part to stock-based compensation expenses. Xometry anticipates continued strong growth through 2022, projecting revenues of $392-$400 million.
Xometry (NASDAQ:XMTR) has expressed strong support for President Biden's AM Forward initiative aimed at revitalizing American manufacturing. The company emphasizes the importance of manufacturing independence for economic growth and national security. Xometry's CEO, Randy Altschuler, highlighted opportunities in sectors such as autonomous vehicles and clean energy, noting that next-generation manufacturing technologies like 3D Printing are crucial for the industry's future. Xometry connects businesses with manufacturers, offering resources for growth.
Xometry’s Thomasnet.com has reported a significant surge in sourcing for food products, now the most-sourced category. In Q1 2022, food products saw a month-over-month increase of 1,364% for food bags, 663% for foodservice packaging, and 178% for food processing equipment due to supply chain disruptions, inflation, and international conflicts. This development marks food products as a high-demand sector alongside aerospace and automotive.
Shawn Fitzgerald, President of Thomas, notes that the data reflects ongoing challenges in food production amidst historic inflation and geopolitical tensions.