NASDAQ$XMTR
Xometry Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Xometry's revenue increased driven by marketplace growth and improved operating leverage.
Xometry reported a 16% year-over-year increase in total revenue, driven by a 24% increase in marketplace revenue. The company also saw a 16% increase in gross profit and a $3.1 million quarter-over-quarter improvement in Adjusted EBITDA loss.
- Q2 revenue increased 16% year-over-year, driven by 24% marketplace growth year-over-year.
- Q2 gross profit increased 16% year-over-year, driven by 34% growth in marketplace gross profit.
- Q2 Adjusted EBITDA loss was $8.7 million, a $3.1 million quarter-over-quarter improvement.
- The company reduced operating expenses with a 4% reduction in workforce.
Headline financials
Revenue & EPS history
Xometry · Revenue · Quarterly
$111M
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
Xometry expects Q3 revenue growth of 15%-17% year-over-year to $119-$121 million and anticipates achieving Adjusted EBITDA profitability in Q4 2023.
Tailwinds
- Expect Q3 revenue growth of 15%-17% year-over-year.
- Revenue is expected to be in the range of $119-$121 million.
- Growth is driven by strong marketplace growth.
- Continued focus on top 200 accounts.
- Rapidly expanding the marketplace menu.
Headwinds
- Guidance reflects the impact of exiting the supplies business in the U.S.
- Exiting the supplies business will lower revenue by approximately $2.0 million in Q3.
- Financial outlook is based on assumptions that are subject to change.
- Actual results may vary from these assumptions.
- Achieving these results cannot be assured.
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 Q2 2023
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro