Xometry, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 29, 2024 at 07:05 am EST
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Xometry, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 128.15 million compared to USD 98.06 million a year ago. Net loss was USD 10.55 million compared to USD 25.81 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.54 a year ago.
For the full year, sales was USD 463.41 million compared to USD 380.92 million a year ago. Net loss was USD 67.47 million compared to USD 79.06 million a year ago. Basic loss per share from continuing operations was USD 1.41 compared to USD 1.68 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. 
