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Sep 30, 2022
Xometry Q3 2022 Earnings Report
Xometry delivered strong marketplace growth, robust expansion in marketplace gross margin and significant operating leverage quarter-over-quarter.
Key Takeaways
Xometry's Q3 2022 total revenue increased by 83% year-over-year to $103.6 million. Marketplace revenue was $84.1 million, and supplier services revenue was $19.5 million. Gross profit increased by 182% year-over-year to $40.9 million.
Revenue increased 83% year-over-year driven by nearly 55% marketplace growth as well as supplier services including Thomas.
Gross profit up 182% year-over-year.
Marketplace gross profit increased 16% quarter-over-quarter.
Q3 Adjusted EBITDA loss of $6.5 million, a $1.8 million quarter-over-quarter improvement.
Forward Guidance
Xometry expects Q4 revenue growth of 55-58% to $104-$106 million.
Positive Outlook
- Increasing active buyers
- Increasing active suppliers
- Added supplier services
- Revenue synergies with Thomas
Challenges Ahead
- Adjusted EBITDA between $(9.0) million and $(8.0) million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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