NASDAQ$XMTR
Xometry Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Xometry reported strong marketplace growth and implemented a strategic plan to drive future growth and reduce operating expenses.
Xometry's Q4 2022 revenue increased by 46% year-over-year, driven by marketplace growth of 32% and the acquisition of Thomas. The company is implementing a 5-point strategic plan to focus on top accounts, expand the marketplace menu, grow internationally, drive adoption of new products, and reduce operating expenses.
- Q4 revenue increased 46% year-over-year, driven by 32% marketplace growth and supplier services including the acquisition of Thomas.
- Q4 gross profit increased 72% year-over-year, driven by 30% growth in marketplace gross profit and the addition of Thomas, partly offset by price optimization efforts.
- The company expects Q1 revenue growth of 20%-22% year-over-year, reaching $100-$102 million, driven by healthy marketplace growth.
- Q4 Adjusted EBITDA loss was $14.2 million, reflecting a revenue shortfall and lower gross margins. The company expects improved operating leverage through expense reduction, including a 6% workforce reduction in January 2023.
Headline financials
Revenue & EPS history
Xometry · Revenue · Quarterly
$98.2M
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 anticipates revenue between $100 million and $102 million and adjusted EBITDA loss between $11 million and $9 million for Q1 2023. For the full year 2023, Xometry projects revenue between $470 million and $480 million and adjusted EBITDA loss between $22 million and $20 million.
Tailwinds
- Expect Q1 revenue growth of 20%-22% year-over-year to $100-$102 million.
- Healthy marketplace growth in the mid to high 20% range year-over-year is expected.
- Improved operating leverage is anticipated going forward.
- Steps are being taken to lower operating expenses.
- A 6% reduction in workforce was implemented in January 2023.
Headwinds
- Revenue shortfall in Q4.
- Lower gross margins quarter-over-quarter in Q4.
- Adjusted EBITDA loss of $14.2 million in Q4.
- Macroeconomic conditions are increasingly challenging.
- Forward-looking statements are subject to change and outside of the company's control.
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 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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