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 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.
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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.
Xometry, Inc (NASDAQ: XMTR), a prominent AI-enabled marketplace for on-demand manufacturing, will release its second quarter 2021 financial results after market close on August 12, 2021. The company invites stakeholders to join its conference call and webcast at 5:00 p.m. ET on the same day to discuss the earnings report. An earnings presentation will also be available on Xometry's investor website. Xometry serves a diverse clientele ranging from startups to Fortune 100 companies, showcasing its technological advancements in the manufacturing sector.
Xometry appoints Ranjana Clark to its Board of Directors, aiming to enhance its operations in the on-demand manufacturing sector. Clark, with over 30 years of experience, previously led significant roles at PayPal and MUFG. Her expertise in payments and business strategies is expected to support Xometry's mission to disrupt the $260B manufacturing industry. CEO Randy Altschuler emphasized her role in driving growth and improving cash flow for manufacturers using Xometry’s AI-enabled marketplace.
Xometry (NASDAQ: XMTR) has launched instant quoting for metal binder jetting, enhancing its Instant Quoting Engine in collaboration with ExOne, a leader in metal 3D printing. This addition allows customers to receive immediate quotes for high-strength metal parts. Bill Cronin, Chief Revenue Officer, emphasized the platform's flexibility and expanded capabilities. The binder jetting technology offers cost-effective production of complex metal parts with excellent mechanical properties, catering to industries such as aerospace and automotive.