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, 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.
Xometry, a digital marketplace for on-demand manufacturing, has priced $250 million in 1.00% Convertible Senior Notes due 2027, aimed at qualified institutional buyers. The offering is expected to close on February 4, 2022. The net proceeds are estimated at $241.9 million, intended for working capital, general corporate purposes, and strategic acquisitions. The Notes, convertible under specific conditions, may also be redeemed after February 2025. The offering is private and not registered under the Securities Act, thus limiting resale options.
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.