Xometry, Inc. (XMTR) Tops Q2 EPS by 14c
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Xometry Reports Second Quarter 2022 Results
August 10, 2022 7:13 AM EDTMarketplace growth accelerates: Revenue increases 89% year-over-year driven by accelerating marketplace growth as well as supplier services including Thomas.Strong gross margin and gross profit trends driven by AI pricing/supplier selection and additional supplier services: Gross profit up 217% year-over-year. Marketplace gross profit increased 25% quarter-over-quarter.Expect strong growth for balance of 2022: We expect revenue growth of 81-83% to $395-$400 million, driven by increasing active buyers and suppliers, added supplier services and revenue synergies with Thomas.Expect further operating leverage: Q2 Adjusted EBITDA... More
