Xometry Shares Soar Post Q2 Results

Author: Shivani Kumaresan | August 10, 2022 02:28pm

• Xometry Inc (NASDAQ:XMTR) reported second-quarter FY22 sales growth of 89% year-on-year, to $95.62 million, beating the consensus of $93.08 million.
• Marketplace Active Buyers increased 40% to 33,491 as of June 30, 2022.
• The gross profit for the quarter rose 217% Y/Y to $37.7 million with a gross margin of 39.4%.
• The loss from operations widened to $(15.6) million. Adjusted EBITDA loss for the quarter was $(8.3) million.
• The company held $356.7 million in cash and equivalents as of June 30, 2022.
• Adjusted loss per share for the quarter narrowed to $(0.18) versus $(1.14) a year ago.
• Outlook: Xometry sees FY22 revenue of $395 million - $400 million (prior view $392.0 million - $400.0 million) versus the estimate of $397.09 million. Adjusted EBITDA loss of $(33) million - $(31) million (prior view $(36.0) million - $(32.0) million.
• The company expects Q3 revenue of $102 million - $104 million versus the estimate of $103.90 million. Adjusted EBITDA loss of $(7) million - $(6) million.
• Price Action: XMTR shares are trading higher by 21.1% at $50.79 on the last check Wednesday.

Posted In: XMTR