Tue, Feb 25, 9:13 PM (61 days ago)
Xometry, Inc. (XMTR) reported FY2024 revenue of ~$545.5M, an 18% increase driven primarily by a 23% rise in marketplace revenue, while supplier services declined due to strategic exits. The net loss improved to ~$50.4M from ~$67.5M in FY2023, with adjusted EBITDA loss narrowing to –$9.7M (down from –$27.5M) and Non‑GAAP net loss at –$2.1M. Key growth drivers include a 23% increase in active buyers (to ~68K) and a 28% increase in active suppliers (to 4,375). The company continues to invest in AI-driven technologies and international expansion, maintaining ~$240M in liquidity and managing $287.5M in convertible notes. However, risks remain across market volatility, cybersecurity, regulatory and integration challenges that could impact future performance.