Xometry Reports First Quarter 2024 Results
Xometry, Inc. - Class A (XMTR)
Company Research
Source: GlobeNewswire
Q1 revenue increased 16% year-over-year to $123 million driven by marketplace growth of 24% year-over-year.Q1 gross profit increased 22% year-over-year driven by 37% growth in marketplace gross profit. Q1 marketplace gross margin increased 320 basis points year-over-year to a record 32.0%.Q1 Adjusted EBITDA loss of $7.5 million, a 37% improvement year-over-year driven by higher revenue, gross profit, and operating efficiencies.2024 growth initiatives include: expanding buyer and supplier networks; driving deeper enterprise engagement; expanding the marketplace menu; growing internationally and enhancing supplier services. NORTH BETHESDA, Md., May 09, 2024 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the first quarter ended March 31, 2024. “Powered by AI, our marketplace continues to gain significant market share as buyers and
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XMTR
News
- Xometry (XMTR) Fell after the Announcement of Management Change [Yahoo! Finance]Yahoo! Finance
- ONGOING INVESTIGATION UPDATE: The Schall Law Firm Announces it is Investigating Claims Against Xometry, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Xometry, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Xometry, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- A Few Years From Now, You'll Wish You Bought This High-Growth Stock [Yahoo! Finance]Yahoo! Finance
XMTR
Earnings
- 5/9/24 - Beat
XMTR
Sec Filings
- 6/3/24 - Form 144
- 5/31/24 - Form 4
- 5/23/24 - Form 3
- XMTR's page on the SEC website