NASDAQ$XMTR
Xometry Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported record financial results with highest revenue and gross profit in Xometry's history, driven by accelerated marketplace growth and improved operating leverage.
Xometry reported a strong Q4 2023 with a 31% increase in revenue year-over-year, driven by a 42% increase in marketplace revenue. The company also improved operating leverage, reducing Q4 Adjusted EBITDA loss by 32% quarter-over-quarter.
- Q4 revenue increased 31% year-over-year to $128 million, driven by strong, accelerated marketplace growth of 42% year-over-year.
- Q4 gross profit increased 39% year-over-year driven by 68% growth in marketplace gross profit. Marketplace gross margin increased 500 basis points year-over-year to 31.3%.
- Q4 Adjusted EBITDA loss of $2.9 million, a $12.8 million year-over-year improvement driven by higher revenue, gross profit, operating efficiencies and further expense savings partly offset by investments in sales and international.
- Announced appointment of James Miln as Chief Financial Officer to help drive Xometry's long-term growth and profitability.
Headline financials
Revenue & EPS history
Xometry · Revenue · Quarterly
$128M
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 Q1 2024 revenue between $118 and $120 million and Adjusted EBITDA loss between $7.0 and $9.0 million. Expects to be Adjusted EBITDA profitable in Q3 2024
Tailwinds
- Expect Q1 2024 revenue growth of 12%-14% year-over-year to $118-$120 million.
- Expect Q1 2024 Adjusted EBITDA loss of $7.0-$9.0 million.
- Expect fiscal 2024 marketplace revenue growth of at least 20% year-over-year
- Expect supplier services revenue to be down approximately 10% year-over-year driven by the discontinuation of the sale of tools and materials and the wind down of non-core services.
- Expect to be Adjusted EBITDA profitable in the third quarter of 2024.
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 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 | — | — | — |
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