Xometry reported a strong Q4 2023 with a 31% increase in revenue year-over-year, driven by a 42% increase in marketplace revenue. The company also improved operating leverage, reducing Q4 Adjusted EBITDA loss by 32% quarter-over-quarter.
Q4 revenue increased 31% year-over-year to $128 million, driven by strong, accelerated marketplace growth of 42% year-over-year.
Q4 gross profit increased 39% year-over-year driven by 68% growth in marketplace gross profit. Marketplace gross margin increased 500 basis points year-over-year to 31.3%.
Q4 Adjusted EBITDA loss of $2.9 million, a $12.8 million year-over-year improvement driven by higher revenue, gross profit, operating efficiencies and further expense savings partly offset by investments in sales and international.
Announced appointment of James Miln as Chief Financial Officer to help drive Xometry's long-term growth and profitability.
Xometry expects Q1 2024 revenue between $118 and $120 million and Adjusted EBITDA loss between $7.0 and $9.0 million. Expects to be Adjusted EBITDA profitable in Q3 2024
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