Loading...
•
Jun 30, 2024
Xometry Q2 2024 Earnings Report
Reported record revenue, gross profit, and gross margins, driven by marketplace growth and operating leverage.
Key Takeaways
Xometry reported record Q2 2024 revenue of $133 million, a 19% increase year-over-year, driven by a 25% increase in marketplace revenue. The company also achieved record gross profit and gross margins, with marketplace gross margin reaching 33.5%. Adjusted EBITDA loss improved 70% year-over-year to $2.6 million.
Q2 revenue increased 19% year-over-year to a record $133 million, driven by marketplace growth of 25% year-over-year.
Q2 gross profit increased 21% year-over-year to a record $52.9 million with a record 39.9% gross margin.
Q2 marketplace gross profit increased 33% year-over-year; marketplace gross margin increased 180 basis points year-over-year to a record 33.5%.
Q2 Adjusted EBITDA improved 70% year-over-year to a loss of $2.6 million, representing 2.0% of revenue.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Xometry anticipates Q3 2024 revenue to be between $136 million and $138 million, representing a 14%-16% year-over-year growth. The company expects an Adjusted EBITDA loss between $1.5 million and $3.5 million. Xometry reaffirms fiscal 2024 marketplace revenue growth of at least 20% year-over-year.
Positive Outlook
- Expect Q3 2024 revenue growth of 14%-16% year-over-year to $136-$138 million.
- Expect Q3 2024 Adjusted EBITDA loss of $1.5-$3.5 million.
- Reaffirm fiscal 2024 marketplace revenue growth of at least 20% year-over-year and expect supplier services revenue to be down approximately 10% year-over-year.
- For fiscal 2024, we expect improved operating leverage as compared to fiscal 2023, partly offset by international and enterprise growth investments.
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...