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, a digital marketplace for on-demand manufacturing, announced its plans to offer $250 million in Convertible Senior Notes due 2027 in a private placement. The company aims to grant initial purchasers an option to acquire an additional $37.5 million of these notes within 13 days of issuance. The proceeds will support working capital, acquisitions, and strategic investments. The notes will be unsecured and convertible into cash or shares, with interest paid semiannually.
Xometry (NASDAQ:XMTR) announced preliminary revenue estimates for Q4 2021, projecting between $65.5 million and $67.5 million. This includes revenue from the recently acquired Thomas Publishing Company, expected to contribute $3.5 million to $4.5 million. Excluding Thomas, revenue is expected between $62.0 million and $63.0 million, showing a growth of 63-66% year-over-year, and 80-83% after removing sales from a specific customer. The gross profit margin is estimated to be 27.3%-27.6%, an improvement from 25.0% in Q4 2020. Full financial results will be reported on March 17, 2022.
Xometry (NASDAQ: XMTR) released the 'Thomas Industrial Sourcing & Supply Chain Activity Snapshot', showcasing key sourcing trends in North America. The report highlights ongoing global shipping delays and IIoT growth as significant factors influencing the industrial economy. Key findings include the top sourced products like Printed Circuit Boards and Steel, along with leading services such as Engineering and CNC machining. Notably, the data reveals impressive year-over-year growth for products like LED lamps (up 1967%) and cable wire (up 757%). The full report is available for download.
Xometry (NASDAQ:XMTR) has integrated Big Blue Saw’s software into its online marketplace, enhancing its AI-driven quoting capabilities for complex 2D operations such as laser and waterjet cutting. This acquisition, finalized in November 2021, allows Xometry to offer instant quotes at competitive prices. With Big Blue Saw's extensive data and experience, Xometry now provides expanded services to support various industries, including aerospace and robotics. The company aims to accelerate digital transformation in manufacturing through its growing global marketplace.
Xometry, a top AI-enabled marketplace for on-demand manufacturing, will be participating in the 24th Annual Needham Virtual Growth Conference on January 14, 2022. The senior management will present to investors, and a live webcast of the presentation will be available on Xometry’s Investor Relations website. An archived replay will also be accessible after the event. Xometry connects buyers and sellers in the manufacturing sector, ranging from startups to Fortune 100 companies, utilizing its proprietary technology for efficient sourcing of parts and assemblies.
Xometry (NASDAQ: XMTR) has announced its acquisition of Thomasnet.com for $300 million in a cash and stock deal. This acquisition aims to expand Xometry's global digital marketplace, enhancing connections between manufacturers and buyers. The deal, expected to close shortly, will introduce an end-to-end suite of services, focusing on fintech and digital marketing. Xometry anticipates immediate improvements in gross margins and an accelerated path to profitability by 2023, leveraging Thomas' extensive buyer network, including 93% of Fortune 1000 companies.
Xometry, a leading AI-enabled marketplace for on-demand manufacturing, will participate in the UBS Global TMT Virtual Conference on December 8, 2021. Senior management will engage in a fireside chat and investor meetings. The event will include a webcast accessible via Xometry's Investor Relations page, with a replay available post-presentation. Xometry's innovative technology connects buyers and sellers in the manufacturing industry, serving a clientele that ranges from startups to Fortune 100 companies.
Xometry, Inc. (NASDAQ:XMTR) reported a 35% year-over-year revenue growth for Q3 2021, reaching $56.7 million. Excluding mask sales from one customer, revenue growth was 77%. Gross profit rose 42% to $14.5 million, with an improved gross margin of 25.6%. Active Buyers increased 61% to 26,187, and high-spending accounts surged 67% to 603. Despite these gains, the net loss widened to $14.7 million, up 138% year-over-year. Looking ahead, Xometry anticipates 58%-63% revenue growth for Q4 2021.
Xometry, Inc. (NASDAQ: XMTR) is set to release its third quarter 2021 financial results on November 10, 2021, after the market closes. A conference call to discuss the results will follow at 5:00 p.m. Eastern Time. Interested parties can dial (877) 313-2061 for US/CAN or (470) 495-9537 internationally to participate. An earnings presentation will also be accessible on its investor website. Xometry utilizes AI for on-demand manufacturing, servicing a wide range of clients from startups to Fortune 100 companies.
Xometry, Inc. (NASDAQ: XMTR) has launched Version 2.0 of its app for Autodesk Fusion 360, enhancing on-demand manufacturing capabilities. This update includes instant manufacturability feedback and multiple part upload features, aiding engineers in design improvement and efficiency. Users can now obtain pricing and lead time estimates seamlessly within the design interface. Additionally, Xometry is offering a 10% discount on custom parts orders through the app in the US, with plans for a European version.