NASDAQ$XMTR
Xometry Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Xometry delivered strong growth, expanded marketplace to new geographies and extended the reach of AI driven quoting engine.
Xometry reported a strong first quarter in 2022, with revenue increasing by 90% year-over-year. The company expanded its marketplace and improved supplier services, contributing to a 235% increase in gross profit.
- Revenue increased 90% year-over-year driven by rapid organic growth in marketplace and supplier services including Thomas.
- Gross profit up 235% year-over-year due to AI pricing/supplier selection and additional supplier services.
- Expanded marketplace to Spain and launched a local manufacturing network in China.
- Expect revenue growth of 80-83% to $392-$400 million, driven by increasing active buyers and suppliers, added supplier services and revenue synergies with Thomas.
Headline financials
Revenue & EPS history
Xometry · Revenue · Quarterly
$83.7M
Revenue by segment
Xometry · $83.7M total across 2 segments · Q1 2022
- Marketplace$64.4M—76.9%
- Supplier Services$19.3M—23.1%
Forward guidance
Xometry anticipates strong growth in 2022 and improving operating leverage. For Q2 2022, the company projects revenue between $91.5 million and $93.5 million, and Adjusted EBITDA between $(11.0) million and $(10.0) million. For the full year 2022, revenue is expected to be between $392.0 million and $400.0 million, with Adjusted EBITDA between $(36.0) million and $(32.0) million.
Tailwinds
- Revenue is expected to grow between 80-83% year-over-year.
- Growth will be driven by increasing active buyers and suppliers.
- Growth will be driven by added supplier services.
- Growth will be driven by revenue synergies with Thomas.
- Operating leverage is expected to improve in Q2 2022 and through the second half of 2022.
Headwinds
- 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
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+3.9%
Avg return
Earnings day
+6.5%
Avg return
5 days after
+9.4%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+40.8%
Q2 2024
Best reaction
-40.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +39.0% | +48.8% | +42.7% | |
| Q4 2025 | -24.6% | -28.2% | -28.3% | |
| Q3 2025 | +28.9% | +33.4% | +20.2% | |
| Q1 2025 | +11.2% | +10.9% | +28.4% | |
| Q4 2024 | -9.2% | -12.7% | -15.0% | |
| Q3 2024 | +38.8% | +38.7% | +42.9% | |
| Q2 2024 | +40.8% | +60.2% | +54.7% | |
| Q1 2024 | +5.4% | +6.5% | -3.7% | |
| Q4 2023 | -40.2% | -45.4% | -43.9% | |
| Q3 2023 | -4.8% | +11.7% | +46.9% | |
| Q2 2023 | +4.8% | +6.6% | +22.2% | |
| Q1 2023 | +32.5% | +30.8% | +61.8% | |
| Q4 2022 | -39.6% | -39.4% | -50.8% | |
| Q3 2022 | -20.6% | -11.0% | -20.8% | |
| Q2 2022 | +20.9% | +19.3% | +39.2% | |
| Q1 2022 | +3.7% | +3.6% | +13.8% | |
| Q4 2021 | +4.4% | -10.0% | -0.2% | |
| Q3 2021 | +3.0% | +19.3% | +4.0% | |
| Q4 2020 | -6.5% | -8.0% | -14.2% | |
| Q2 2021 | -9.6% | -4.7% | -11.2% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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