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Dec 31, 2021
Xometry Q4 2021 Earnings Report
Xometry demonstrated strong growth with accelerated demand and record gross margin.
Key Takeaways
Xometry reported a strong fourth quarter with total revenue increasing by 77% year-over-year to $67.1 million. Gross profit also saw a significant increase of 121% year-over-year. The company completed the strategic acquisition of Thomas, adding a substantial number of buyers and sellers to its marketplace.
Revenue for the fourth quarter increased 77% year-over-year.
Gross profit for the fourth quarter increased 121% year-over-year.
Completed the acquisition of Thomas on December 9th, adding 1.4 million registered buyers and ~500,000 sellers.
Active Buyers increased 49% year-over-year, excluding Thomas.
Revenue by Geographic Location
Forward Guidance
Xometry anticipates strong growth in 2022, expecting revenue to be between $390 million and $400 million.
Positive Outlook
- Increasing active buyers and sellers.
- Revenue synergies.
- Expanded supplier services.
- Completed punchout integrations with SAP Ariba and Coupa.
- Expanded portfolio of fintech products for sellers including Instant Pay.
Challenges Ahead
- Competition.
- Managing our growth.
- Financial performance, including the impact of the COVID-19 pandemic on our business and operations and our ability to forecast our performance due to our limited operating history and the COVID-19 pandemic.
- Investments in new products or offerings.
- Our ability to attract buyers and sellers to our marketplace.
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
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