BofA warns Fed risks policy mistake with early rate cuts
Following these transactions, Goguen now holds 167,993 shares of Xometry. For deeper insights into XMTR's valuation metrics and 12+ additional ProTips, visit InvestingPro, where you'll find comprehensive analysis in our Pro Research Report. For deeper insights into XMTR's valuation metrics and 12+ additional ProTips, visit InvestingPro, where you'll find comprehensive analysis in our Pro Research Report.
Following these transactions, Goguen now holds 167,993 shares of Xometry. For deeper insights into XMTR's valuation metrics and 12+ additional ProTips, visit InvestingPro, where you'll find comprehensive analysis in our Pro Research Report.
Following these transactions, Goguen now holds 167,993 shares of Xometry.
In other recent news, Xometry has reported a record revenue of $142 million in its third-quarter 2024 earnings call, marking a 19% increase year-over-year. The company's marketplace gross profit rose by 34%, with a notable gross margin improvement to 33.6%. Active buyers and suppliers on the platform grew significantly, with a 24% increase in buyers and the supplier network surpassing 4,200. Looking ahead, Xometry anticipates slight adjusted EBITDA profitability in Q4 and expects revenue growth in 2025 to outpace that of 2024, with international revenue already up by 55% year-over-year. Despite a projected decline in supplier services revenue and a slowdown in marketplace growth, Xometry's management has expressed confidence in the resilience of their marketplace model. Ongoing investments in technology and operations aim to enhance profitability. These are recent developments for the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.