Overview

* Xometry ( XMTR ) Q2 revenue rises 23% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats estimates

* Adjusted EBITDA improves significantly, driven by marketplace gross margin expansion

Outlook

* Xometry ( XMTR ) sees Q3 revenue of $167-$169 mln, 18-19% growth y-o-y

* Company expects Q3 adjusted EBITDA of $4.0-$5.0 mln

* Xometry ( XMTR ) raises FY 2025 marketplace growth outlook to 23-24%

* Company expects FY 2025 supplier services revenue down ~5% y-o-y

Result Drivers

* MARKETPLACE GROWTH - Q2 revenue driven by robust marketplace growth, with marketplace revenue up 26% yr/yr

* ENTERPRISE EXPANSION - Strong enterprise growth and expanding networks of buyers and suppliers boosted marketplace revenue

* GROSS MARGIN EXPANSION - Record marketplace gross margin of 35.4% contributed to increased gross profit

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $162.55 $156.60

Revenue mln mln (10

Analysts

)

Q2 Beat $0.09 $0.04 (9

Adjusted Analysts

EPS )

Q2 $4.68

Adjusted mln

Net

Income

Q2 Net -$26.43

Income mln

Q2 Beat $3.93 $1.61

Adjusted mln mln (8

EBITDA Analysts

)

Q2 Gross $65.18

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for Xometry Inc ( XMTR ) is $35.50, about 12.8% above its August 4 closing price of $30.97

* The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 77 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)