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.
Xometry has launched the Xometry Instant Pricing app for PTC’s Onshape, enhancing the CAD platform with AI-driven instant quoting capabilities. This innovation allows engineers to access real-time design-for-manufacturing feedback and customize part orders efficiently, streamlining the production process. The app reflects Xometry's 'Xometry Everywhere' strategy, expanding its quoting engine's reach across various platforms. The collaboration aims to simplify manufacturing for users, offering access to over 5,000 industrial manufacturers.
Xometry, Inc. (NASDAQ: XMTR) will report its first quarter 2022 financial results on May 11, 2022, before market opening. The earnings presentation will also be available on the investor website. A conference call will take place at 8:30 a.m. ET to discuss the results. Investors can participate by dialing (877) 313-2061 (U.S./Canada) or (470) 495-9537 (International), using conference ID 1993784. Xometry connects companies with manufacturers via its digital marketplace.
Xometry has obtained ISO 13485 certification, enhancing its capabilities in medical device manufacturing. This certification enables Xometry to expand its footprint in the medical sector, where it already collaborates with 86 percent of Fortune 500 medical product and equipment companies, providing essential prototyping and manufacturing support. The Xometry marketplace facilitates the development of innovative products across various industries, contributing significantly to the economy.
On March 23, 2022, Xometry launched its 'Xometry Everywhere' software, integrating its AI-driven quoting technology across third-party sites. This innovation aims to enhance the accessibility of Xometry's quoting engine, particularly targeting Thomasnet.com with its 1.4 million users, generating over 20 million sourcing sessions annually. CEO Randy Altschuler emphasized that this move fosters resilience in supply chains and supports domestic and international manufacturers. The new software provides features like instant quoting and lead-time estimates to optimize the procurement process.
Xometry, a leading AI-enabled digital manufacturing marketplace, reported a strong finish to 2021 with a 77% year-over-year revenue growth, reaching $67.1 million in Q4. The strategic acquisition of Thomas added 1.4 million registered buyers and approximately 500,000 sellers. Gross profit surged by 121% to $20.9 million. Xometry anticipates a revenue growth of 79-83% for 2022, projecting between $390 million and $400 million. However, a net loss of $23.9 million was reported in Q4, increasing year-over-year. The company raised $278.9 million from a recent Convertible Senior Note offering for working capital and growth investments.
Xometry, a global digital manufacturing marketplace, announced two upcoming 'Xometry Live' virtual events focused on inclusive leadership in manufacturing. The first event, on March 8, features independent journalist Miles O'Brien discussing accessible design with 3D printing for people with disabilities. Xometry also partners with Blue Heart Hero for a contest on designing assistive kitchen devices. The second event, on March 10, will address advancing women in manufacturing, led by prominent industry figures. Both events emphasize diversity and innovation in manufacturing.
Xometry, Inc. (NASDAQ: XMTR) will report its fourth quarter 2021 financial results on March 17, 2022, after market close. A conference call and webcast will be held the same day at 5 p.m. Eastern Time. The earnings presentation will be available on Xometry's investor website. Xometry connects innovative ideas with manufacturers, facilitating operational growth for suppliers and providing Fortune 1000 companies with access to global manufacturing capacity.
Xometry, a leader in product sourcing and marketing solutions, in collaboration with the Women in Manufacturing Association (WiM), has released the findings of its ‘Career Advancement for Manufacturing Annual Report’ based on survey responses from 663 industry professionals. The report highlights key insights into gender representation in manufacturing and emphasizes the positive outlook for women in the sector. Notably, 75% of women in manufacturing are likely to recommend careers in the field, and 48% participated in STEM programs as a pathway to their careers.
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Xometry, a digital marketplace for on-demand manufacturing, has announced new initiatives including a cloud-based enterprise software from FactoryFour, aimed at streamlining manufacturing operations. This manufacturing execution system integrates with the Xometry Marketplace and Thomasnet.com, providing suppliers with a centralized order management tool. Additionally, Xometry is rolling out 'Xometry Partner' badges on Thomasnet.com to enhance connectivity between manufacturers and buyers. The software is expected to be available in Q2 2022, further supporting Xometry's commitment to digitizing the manufacturing sector.