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 (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.
Summary not available.
On September 8, 2021, Xometry (NASDAQ:XMTR), an AI-enabled marketplace for on-demand manufacturing, announced upcoming presentations at virtual conferences. Key events include:
- CL King Best Ideas Conference on September 14 at 9:30 a.m. ET
- Citi's 2021 Global Technology Virtual Conference on September 15 at 8:00 a.m. ET
- Jefferies Virtual Software Conference on September 15 at 4:30 p.m. ET
Xometry, a leading AI-enabled marketplace for on-demand manufacturing, reported a 45% year-over-year revenue increase, reaching $50.6 million for Q2 2021. Active Buyers surged by 66% to 23,942, with 95% of revenue sourced from existing accounts. Despite a 44% rise in gross profit to $11.9 million, the company faced a net loss of $12.3 million, exacerbated by stock-based compensation. Cash and equivalents amounted to $37.4 million with $15.9 million in debt. Following its July IPO, Xometry secured net proceeds of $325.3 million, fueling its growth strategy.