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's Thomas division released its '2025 Automotive Manufacturing Survey' revealing significant shifts in automotive supply chain strategies. 85% of automotive executives plan to increase reliance on North American suppliers in 2025, while 41% intend to reshore some operations.
The survey highlights balanced investment across vehicle technologies: 37% in hybrid, 28% in electric, and 30% in traditional combustible engines. Top innovation priorities include EV battery production (41%) and alternative fuel sources (37%). Additionally, 30% of executives plan to leverage AI for accelerating product development and improving supply chain efficiencies.
The industry is embracing advanced manufacturing techniques like 3D printing and robotics to drive innovation. Xometry's Thomasnet platform connects buyers with over 500,000 North American manufacturers across 80,000 industrial categories.
Xometry (NASDAQ:XMTR) has appointed Sanjeev Singh Sahni as President in a newly created role, reporting to CEO Randy Altschuler. Sahni, former Vice President of B2B E-Commerce and Head of B2B & B2C Sales at Wayfair, will oversee global operations, product, technology, and people teams.
The appointment aims to drive global growth, scale, and operating efficiencies across Xometry's AI-powered marketplace and supplier services. Sahni brings extensive experience in operations, product development, supply chain management, and customer experience, with a strong track record in deploying AI and machine learning solutions.
At Wayfair, Sahni led the multi-billion dollar B2B business and previously established international supply chain capabilities as Head of CastleGate Forwarding. Before Wayfair, he served as an Associate Partner at McKinsey & Company, leading the global Transportation and Logistics practice.
Xometry announced significant growth in its global custom-manufacturing marketplace, now hosting over 4,200 active suppliers. The platform added more than 780 new suppliers in the first three quarters of 2024, marking a 34% increase and nearly triple the number since 2021. The company's Instant Quoting Engine now operates in 16 languages, facilitating global business transactions. The supplier network spans all 50 US states and three continents, offering various manufacturing processes including CNC machining, injection molding, and laser cutting. Through its Donor Advised Fund, Xometry provides scholarships to over 250 students across multiple states to support future manufacturing talent.
Xometry (NASDAQ:XMTR) announced its participation in the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 20, 2024, featuring a fireside chat at 9:20 a.m. ET. The event will be webcasted and available for replay in Xometry's Investor Relations section.
The company's AI-powered marketplace facilitates the digital transformation of manufacturing by connecting enterprise buyers with suppliers. Their technology portfolio includes the Thomasnet® industrial sourcing platform and cloud-based tools for project management. The platform's Instant Quoting Engine® analyzes complex parts in real-time, matching buyers with global suppliers while providing accurate pricing and lead times.
Xometry (NASDAQ:XMTR) reported strong Q3 2024 results with revenue increasing 19% year-over-year to a record $142 million, driven by marketplace growth of 24%. Gross profit rose 21% to $55.8 million, with marketplace gross margin expanding 250 basis points to 33.6%. The company's Adjusted EBITDA loss improved 85% to $0.6 million, representing just 0.4% of revenue. Active buyers increased 24% to 64,851, while accounts spending over $50,000 grew 23% to 1,506. The company expects Q4 2024 revenue between $145-147 million and anticipates becoming slightly Adjusted EBITDA profitable.
Xometry (NASDAQ:XMTR), the global AI-powered marketplace for manufacturing services, has appointed Roy Azevedo to its Board of Directors. Azevedo, former president of two Raytheon Technologies business units, brings extensive experience in engineering, global manufacturing, and supply chain management. His expertise in digitizing operations and embracing emerging technologies like AI and machine learning aligns with Xometry's mission.
CEO Randy Altschuler highlighted Azevedo's understanding of creating resilient supply chains for global companies, which will be valuable as Xometry scales internationally. Azevedo expressed enthusiasm for Xometry's growth potential and its role in digitizing the product lifecycle. With a background in electrical engineering and over three decades at Raytheon, Azevedo's appointment strengthens Xometry's position in the rapid digital transformation of the manufacturing industry.
Xometry, Inc. (NASDAQ: XMTR), an AI-powered marketplace for manufacturing services, has announced it will release its third quarter 2024 financial results before the market opens on Tuesday, November 5, 2024. The company will host a conference call and webcast to discuss the results at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) on the same day.
In addition to the press release, Xometry will also release an earnings presentation, which will be available on their investor website at investors.xometry.com. Interested parties can register for the conference call using the provided link or visit the Xometry Investor Relations Homepage to listen to a live webcast. The earnings webcast presentation will be archived within the Investor Relations section of Xometry's website for future reference.
Xometry Europe has introduced a new suite of tools for enterprise customers to manage complex, high-volume manufacturing projects. The user-friendly dashboard at Xometry.eu/en offers powerful digital tools for engineers, designers, procurement professionals, and project managers to coordinate and collaborate effectively. These tools provide real-time access to procurement data, enabling smart, data-driven decisions.
Key features include instant quotes, project tracking, quote management, communication with Xometry's production and engineering teams, quotes for various manufacturing technologies, and batch order scheduling. The tools also support quoting for assembly and welding projects. This suite aims to streamline quote and order management while giving customers access to Xometry's vast global supplier network.
Xometry (NASDAQ:XMTR), the global AI-powered marketplace for manufacturing services, has announced its participation in several upcoming investor conferences. These include Citi's 2024 Global TMT Conference on September 4 in New York City, the Goldman Sachs Communacopia + Technology Conference on September 11 in San Francisco (featuring a fireside chat at 4:25 p.m. PT), and CL King's 22nd Annual Best Ideas Conference 2024 on September 16 (virtual).
Xometry's two-sided marketplace is important in the digital transformation of manufacturing. The company's technology aims to shorten development cycles, improve corporate efficiencies, and build resilient supply chains. Xometry's product portfolio includes its digital marketplace, the Thomasnet® industrial sourcing platform, and cloud-based tools like Xometry Teamspace for project management.
Xometry, the global AI-powered manufacturing marketplace, is beta-testing laser tube cutting and tube bending capabilities through its AI-powered platform. Leveraging Google Cloud's Vertex AI, Xometry aims to accelerate the deployment of new auto-quote methods and models, offering instant pricing and lead times for both tube cutting and tube bending. This expansion is expected to make Xometry one of the first digital marketplaces to provide such comprehensive instant quoting for these processes.
The new offerings, set to roll out later this quarter, will utilize Xometry's extensive supplier network of industrial tube manufacturing. This development aligns with Xometry's mission to digitize manufacturing globally and provide buyers with the tools needed to produce parts and create resilient supply chains efficiently.