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 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.
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.