NASDAQ$XMTR
Xometry Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Xometry's Q1 2024 revenue increased driven by marketplace growth and gross profit also increased.
Xometry reported better than expected revenue driven by strong marketplace revenue growth. Marketplace growth was driven by robust growth in Active Buyers. The company expects current initiatives to continue to drive long-term growth.
- Q1 revenue increased 16% year-over-year to $123 million driven by marketplace growth of 24% year-over-year.
- Q1 gross profit increased 22% year-over-year driven by 37% growth in marketplace gross profit.
- Q1 marketplace gross margin increased 320 basis points year-over-year to a record 32.0%.
- Q1 Adjusted EBITDA loss improved by 37% year-over-year due to higher revenue, gross profit, and operating efficiencies.
Headline financials
Revenue & EPS history
Xometry · Revenue · Quarterly
$123M
Revenue by segment
Xometry · $105M total across 2 segments · Q1 2023
- Marketplace$86.7M+34.6%82.3%
- Supplier Services$18.6M-3.6%17.7%
Forward guidance
Expect Q2 2024 revenue growth of 14%-16% year-over-year to $127-$129 million. Expect Q2 2024 Adjusted EBITDA loss of $6.0-$8.0 million. Expect 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.
Tailwinds
- Q2 2024 revenue growth of 14%-16% year-over-year
- Q2 2024 revenue between $127-$129 million
- Fiscal 2024 marketplace revenue growth of at least 20% year-over-year
- Improved operating leverage as compared to fiscal 2023
- Growth investments in international and enterprise
Headwinds
- Q2 2024 Adjusted EBITDA loss
- Q2 2024 Adjusted EBITDA loss between $6.0-$8.0 million
- Fiscal 2024 supplier services revenue to be down approximately 10% year-over-year
- Operating leverage partly offset by growth investments
- Assumptions are subject to change
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 2024
+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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