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Xometry Expects Q1 Revenue of $118M-$120M Vs $135.95M Est

Author: Benzinga Newsdesk | February 29, 2024 08:12am

Financial Guidance and Outlook:
Q1 2024
(in millions)
Low		High
Revenue	$	118	$	120
Adjusted EBITDA	$	(9	)	$	(7	)

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 and 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. For fiscal 2024, we expect improved operating leverage partly offset by international and enterprise growth investments.

Posted In: XMTR