XMTR Earnings Prediction
The chart below shows how XMTR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, XMTR sees a +14.43% change in stock price 10 days leading up to the earnings, and a +3.03% change 10 days following the report. On the earnings day itself, the stock moves by +3.10%. This data can give you a slight idea of what to expect for the next quarter's release.
XMTR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
141.70M
19.15%
6.87%
Gross Margin
39.40%
1.31%
-1.20%
Operating Margin
-8.10%
-25.48%
-29.87%
Net Margin
-7.20%
-28.71%
-30.37%
EPS
-0.21
-16.00%
-25.00%
No Data Available
XMTR Earnings Analysis
Xometry, Inc. Class A Common Stock Corporation (XMTR.O) Earnings Conference Call
Positive
Record Revenue Achievement: 1. Record Revenue Growth: Xometry achieved a record revenue of $142 million in Q3 2024, marking a 19% increase year-over-year, driven by strong marketplace performance.
Marketplace Profit Increase: 2. Marketplace Gross Profit Surge: The marketplace gross profit rose 34% year-over-year to a record $55.8 million, reflecting the effectiveness of the AI-powered marketplace.
Marketplace Gross Margin Expansion: 3. Improved Marketplace Gross Margin: Q3 marketplace gross margin expanded by 250 basis points year-over-year to a record 33.6%, showcasing the success of the AI-driven pricing and matching model.
Active Buyer Increase: 4. Active Buyer Growth: Active buyers increased by 24% year-over-year, reaching 64,851, with net additions of over 3,300 in Q3, the highest for the year.
International Revenue Surge: 5. International Revenue Expansion: International revenue grew 55% year-over-year, approaching a $100 million annual run rate, indicating strong growth in Europe and Asia.
Negative
Supplier Services Revenue Decline: 1. Decline in Supplier Services Revenue: Supplier services revenue decreased by 10% year-over-year in Q3, primarily due to the wind down of non-core services and a decline in Thomas advertising and marketing services.
Supplier Count Decline: 2. Decrease in Active Paying Suppliers: The number of active paying suppliers in the supplier services segment fell by 9% year-over-year, dropping to 6,762 for Q3 on a trailing 12-month basis.
Rising Operating Expenses: 3. Increased Operating Expenses: Total non-GAAP operating expenses rose by 12% year-over-year to $56.6 million, despite revenue growth, indicating rising costs that could impact profitability.
Marketplace Growth Slowdown: 4. Lower Sequential Marketplace Growth Guidance: The Q4 guidance implies marketplace growth of only 16% to 18% year-over-year, a significant slowdown compared to the 42% growth in Q4 2023.
Stock-Based Compensation Pressure: 5. Stock-Based Compensation Impact: Expected stock-based compensation expenses for Q4 are projected to be approximately $7 million to $8 million, which could pressure overall profitability as it represents about 5% of revenue.
XMTR FAQs
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XMTR Earning Call Sentiment
Xometry, Inc. (XMTR) Q3 2024 Earnings Call Transcript
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XMTR.O
0.06%Positive
The earnings call indicated strong marketplace growth, increased active buyers, and record gross margins, driven by AI. Despite a decline in supplier services revenue, the overall financial performance is robust with improved EBITDA loss. The Q&A highlighted management's confidence in future growth, although there was some uncertainty about international profitability. The reaffirmed revenue outlook and optimistic guidance support a positive sentiment, likely leading to a 2% to 8% stock price increase, assuming a medium market cap.
