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 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.
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.