Loading...
•
Mar 31, 2023
Xometry Q1 2023 Earnings Report
Xometry's Q1 2023 results were reported, with revenue increasing 26% year-over-year and marketplace growth of 35% year-over-year.
Key Takeaways
Xometry reported a 26% increase in total revenue year-over-year, driven by a 35% increase in marketplace revenue. The company's gross profit also increased by 20% year-over-year. Xometry expects Q2 revenue growth of 14%-16% year-over-year.
Q1 revenue increased 26% year-over-year driven by stronger-than-expected marketplace growth of 35% year-over-year.
Q1 gross profit increased 20% year-over-year driven by 41% growth in marketplace gross profit.
Q1 Adjusted EBITDA loss of $11.8 million, a $2.5 million quarter-over-quarter improvement.
Expect Q2 revenue growth of 14%-16% year-over-year to $109-$111 million, driven by healthy marketplace growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Xometry expects Q2 2023 revenue to be between $109 million and $111 million, with Adjusted EBITDA between $(9.5) million and $(8.5) million. For the full year 2023, revenue is expected to be between $470 million and $480 million, with Adjusted EBITDA between $(26) million and $(24) million.
Positive Outlook
- Expect Q2 revenue growth of 14%-16% year-over-year to $109-$111 million, driven by healthy marketplace growth
Challenges Ahead
- Expect Q2 Adjusted EBITDA between $(9.5) million and $(8.5) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...