Xometry, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 12:30 pm
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Xometry, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 118.93 million compared to USD 103.57 million a year ago. Net loss was USD 12.02 million compared to USD 15.04 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.32 a year ago.
For the nine months, sales was USD 335.26 million compared to USD 282.86 million a year ago. Net loss was USD 56.92 million compared to USD 51.6 million a year ago. Basic loss per share from continuing operations was USD 1.19 compared to USD 1.1 a year ago.
Xometry, Inc. provides artificial intelligence (AI)-powered marketplace, Thomasnet.com industrial sourcing platform and suite of cloud-based services. The Company provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to create locally resilient supply chains. It connects buyers with suppliers of manufacturing services. Xometry Instant Quoting Engine leverages millions of pieces of data to analyze complex parts in real-time, matches buyers with the right suppliers globally, and provides pricing and lead times. Its AI-enabled technology platform is powered by machine learning algorithms and dataset, resulting in a two-sided marketplace. It uses technology to enable product designers, engineers, buyers, and supply chain professionals to access the capacity of a global network of manufacturing facilities. Its suppliersâ capabilities include computer numerical control manufacturing, sheet metal forming, and sheet cutting, among others.
XOMETRY, INC. 
