earnings
confidence high
sentiment neutral
materiality 0.70
Xometry Q2 revenue $111M (+16% YoY); marketplace growth 24%; adj. EBITDA loss $8.7M; Q3 guidance $119-121M
Xometry, Inc.
- Revenue $111.0M (+16% YoY); marketplace revenue $93.5M (+24% YoY); supplier services $17.5M (-13% YoY).
- Net loss attributable to common stockholders $26.6M, widened from $16.6M loss YoY, including $5.8M SBC and $8.8M lease abandonment costs.
- Adjusted EBITDA loss $8.7M versus $8.3M YoY; quarter-over-quarter improvement of $3.1M.
- Active buyers up 44% to 48,294; accounts with $50k+ annual spend up 30% to 1,159.
- Q3 2023 revenue guidance $119-121M (15-17% YoY growth); targeting Adjusted EBITDA profitability in Q4 2023.