Xometry, Inc. Reports the Unaudited consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2021
August 12, 2021 at 04:06 pm EDT
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Xometry, Inc. reported the unaudited consolidated financial results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported revenue was $50,589,000 compared to $34,783,000 a year ago. Net Loss was $12,264,000 compared to $6,119,000 a year ago. Basic and diluted loss per share was $1.46 compared to $0.82 a year ago. Loss from operations was $11,801,000 compared to $5,726,000 a year ago.
For the six months, the company reported revenue was $94,510,000 compared to $61,472,000 a year ago. Net Loss was $22,765,000 compared to $14,726,000 a year ago. Basic and diluted loss per share was $2.79 compared to $1.99 a year ago. Loss from operations was $21,849,000 compared to $14,078,000 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. 
