Xometry, Inc. (XMTR) Reports Q1 Revenue of $83.7M, EPS of ($0.27)
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Xometry Reports First Quarter 2022 Results
May 11, 2022 7:12 AM EDTStrong start to 2022: Strong quarter with revenue increasing 90% year-over-year driven by rapid organic growth in marketplace and supplier services including Thomas.Strong gross margin trends driven by AI pricing/supplier selection and additional supplier services: Gross profit up 235% year-over-year.Robust marketplace and supplier service expansion: Expanded marketplace to Spain and launched a local manufacturing network in China. Extended the reach of the marketplace with Xometry Everywhere. Added self-serve subscriptions for advertising services.Expect strong growth in 2022 and improving operating leverage: We expect revenue... More
