NASDAQ$XMTR

Xometry Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Xometry demonstrated strong growth with accelerated demand and record gross margin.

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.

Headline financials

Total Revenue

$67.1M

Previous: $38M+76.7%
EPS (adj)

-$0.38

Previous: -$5.32+92.9%
Active Buyers

28.1K

Previous: 18.8K+49.3%
Revenue from Existing Accounts

95.0%

Previous: 95.0%+0.0%
Accounts > $50K Spend

701

Previous: 389+80.2%
Capital Expenditures

$1.64M

Previous: $1.3M+25.7%
Free Cash Flow

-$32.8M

Previous: -$6.21M-429.1%
Net Income

-$23.9M

Previous: -$10.2M-134.9%
Operating Income

-$22.6M

Previous: -$9.37M-140.9%
Gross Profit

$20.9M

Previous: $9.48M+120.5%
Cash & Equivalents

$86.3M

Previous: $59.9M+44.1%
Total Assets

$503M

Previous: $89M+464.9%
Stock-Based Comp

$2.65M

Previous: $327K+709.8%

Revenue & EPS history

Xometry · Revenue · Quarterly

$67.1M

Q4 2021+76.7%vs Q4 2020
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Revenue by segment

Xometry · $105M total across 2 segments · Q1 2023

  • Marketplace
    $86.7M+34.6%
  • Supplier Services
    $18.6M-3.6%

Forward guidance

Xometry anticipates strong growth in 2022, expecting revenue to be between $390 million and $400 million.

Tailwinds

  • 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.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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