Xometry, Inc.
Description
Xometry, Inc. operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services. It serves aerospace, healthcare, robotics, industrial, defense, energy, automotive, government, education, and consumer goods industries. The company was formerly known as NextLine Manufacturing Corp. and changed its name to Xometry, Inc. in June 2015. Xometry, Inc. was incorporated in 2013 and is headquartered in North Bethesda, Maryland.
About
Earnings
Date | Estimate EPS | Actual EPS | Difference | % Surprise |
---|---|---|---|---|
Nov 5, 2024 | -0.02 | 0.02 | 0.04 | -200.00% |
Aug 8, 2024 | -0.12 | -0.01 | 0.11 | -91.67% |
May 9, 2024 | -0.13 | -0.12 | 0.01 | -7.69% |
Feb 29, 2024 | -0.01 | -0.01 | 0.00 | 0.00% |
Nov 9, 2023 | -0.12 | -0.05 | 0.07 | -58.33% |
Earnings estimate
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
---|---|---|---|---|
Number of analysts | — | 8 | — | 9 |
Average estimate | — | 0.03 | — | 0.29 |
Low estimate | — | 0.00 | — | 0.15 |
High estimate | — | 0.06 | — | 0.43 |
Last year EPS | — | -0.12 | — | -0.08 |
Growth estimates
Analyst Ratings
Date | Firm | Action | Rating | Price Target |
---|---|---|---|---|
Jan 3, 2025 |
RBC Capital
Matthew Swanson
|
Maintains | Sector Perform | ▲ Raises $27 → $40 |
Dec 18, 2024 |
JP Morgan
|
Upgrade | Overweight | — |
Dec 16, 2024 |
JMP Securities
|
Reiterates | Market Outperform | — |
Nov 14, 2024 |
JMP Securities
Nicholas Jones
|
Maintains | Market Outperform | ▲ Raises $34 → $42 |
Nov 6, 2024 |
UBS
Karl Keirstead
|
Maintains | Neutral | ▲ Raises $20 → $22 |
Nov 6, 2024 |
RBC Capital
Matthew Hedberg
|
Maintains | Sector Perform | ▲ Raises $23 → $27 |
Nov 6, 2024 |
Craig-Hallum
Greg Palm
|
Maintains | Buy | ▲ Raises $20 → $30 |
Nov 6, 2024 |
Cantor Fitzgerald
Troy Jensen
|
Reiterates | Underweight | Maintains — |
Nov 6, 2024 |
Citigroup
Ronald Josey
|
Maintains | Buy | ▲ Raises $25 → $33 |
Nov 6, 2024 |
Goldman Sachs
Bruno Montanari
|
Maintains | Buy | ▲ Raises $24 → $28 |
Oct 18, 2024 |
JMP Securities
Nicholas Jones
|
Maintains | Market Outperform | ▲ Raises $27 → $32 |
Sep 20, 2024 |
JMP Securities
Nicholas Jones
|
Reiterates | Market Outperform | Maintains $27 |
Sep 19, 2024 |
JMP Securities
Nicholas Jones
|
Reiterates | Market Outperform | Maintains $27 |
Aug 9, 2024 |
Cantor Fitzgerald
Troy Jensen
|
Maintains | Underweight | ▼ Lowers $13 → $12 |
Jul 23, 2024 |
JMP Securities
Nicholas Jones
|
Reiterates | Market Outperform | Maintains $27 |
Jun 5, 2024 |
Cantor Fitzgerald
Troy Jensen
|
Initiates | Underweight | Announces $13 |
May 28, 2024 |
Citigroup
Ronald Josey
|
Maintains | Buy | ▼ Lowers $31 → $24 |
May 10, 2024 |
Craig-Hallum
Greg Palm
|
Maintains | Buy | ▼ Lowers $23 → $20 |
Apr 23, 2024 |
JMP Securities
Nicholas Jones
|
Reiterates | Market Outperform | Maintains $30 |
Mar 13, 2024 |
UBS
Karl Keirstead
|
Maintains | Neutral | ▼ Lowers $22 → $21 |
Mar 1, 2024 |
Goldman Sachs
Bruno Montanari
|
Maintains | Buy | ▼ Lowers $46 → $28 |
Mar 1, 2024 |
RBC Capital
Matthew Hedberg
|
Maintains | Sector Perform | ▼ Lowers $38 → $23 |
Jan 22, 2024 |
Goldman Sachs
Bruno Montanari
|
Maintains | Buy | ▲ Raises $29 → $46 |
Jan 19, 2024 |
Goldman Sachs
Bruno Montanari
|
Maintains | Buy | ▲ Raises $29 → $46 |
Jan 3, 2024 |
JMP Securities
Nicholas Jones
|
Maintains | Market Outperform | ▲ Raises $26 → $42 |
Nov 10, 2023 |
RBC Capital
Matthew Hedberg
|
Maintains | Sector Perform | ▼ Lowers $21 → $20 |
Jul 17, 2023 |
JMP Securities
Nicholas Jones
|
Reiterates | Market Outperform | Maintains $24 |
May 11, 2023 |
B of A Securities
Nat Schindler
|
Maintains | Buy | ▼ Lowers $40 → $32 |
May 11, 2023 |
Citigroup
Ronald Josey
|
Maintains | Buy | ▲ Raises $25 → $26 |
May 11, 2023 |
JMP Securities
Nicholas Jones
|
Maintains | Market Outperform | ▲ Raises $20 → $24 |
Income statement
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total reported revenue | 463.41M | 380.92M | 218.34M | 141.41M | 80.23M |
Cost of revenue | 285.15M | 234.93M | 161.20M | 108.12M | 65.49M |
Gross profit | 178.26M | 145.99M | 57.14M | 33.29M | 14.74M |
Operating expense | |||||
Research & development | 34.46M | 31.01M | 17.78M | 12.19M | 10.64M |
Selling general and admin | 164.60M | 142.62M | 74.36M | 34.61M | 22.62M |
Other operating expenses | 52.37M | 48.63M | 23.68M | 14.11M | 10.31M |
Operating income | -73.18M | -76.27M | -58.69M | -27.62M | -28.83M |
Non operating interest income | |||||
Income | 11.61M | 4.12M | 982,000 | — | — |
Expense | 4.78M | 4.42M | 852,000 | 1.09M | 241,000 |
Other income expense | -1.46M | -2.44M | -2.83M | -2.37M | -1.92M |
Pretax income | -67.82M | -79.01M | -61.38M | -31.09M | -30.99M |
Tax provision | -353,000 | 36,000 | — | — | — |
Net income | -67.47M | -79.04M | -61.38M | -31.09M | -30.99M |
Basic EPS | -1.41 | -1.61 | -2.33 | -4.89 | -4.88 |
Diluted EPS | -1.41 | -1.61 | -2.33 | -4.89 | -4.88 |
Basic average shares | 47.91M | 47.16M | 26.32M | 8.16M | 6.35M |
Diluted average shares | 47.91M | 47.16M | 26.32M | 8.16M | 6.35M |
EBITDA | -51.90M | -65.95M | -56.93M | -25.28M | -27.19M |
Net income from continuing op. | -67.47M | -79.04M | -61.38M | -31.09M | -30.99M |
Minority interests | -7,000 | -16,000 | 2,000 | — | — |
Preferred stock dividends | — | — | — | — | — |
Balance sheet
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 707.39M | 734.11M | 502.59M | 88.96M | 77.41M |
Current assets | |||||
Cash | — | — | — | — | — |
Cash equivalents | — | — | — | — | — |
Cash and cash equivalents | 53.42M | 65.66M | 86.26M | 59.87M | 40.12M |
Other short term investments | 215.35M | 253.77M | 30.47M | — | 10.86M |
Accounts receivable | 70.10M | 49.28M | 32.43M | 14.57M | 12.41M |
Other receivables | — | — | — | — | — |
Inventory | 2.89M | 1.57M | 2.03M | 2.29M | 1.31M |
Prepaid assets | 5.57M | 7.59M | 6.66M | 913,000 | 707,000 |
Restricted cash | — | — | — | — | — |
Assets held for sale | — | — | — | — | — |
Hedging assets | — | — | — | — | — |
Other current assets | 8.90M | 9.37M | 5.58M | — | — |
Non current assets | |||||
Properties | 17.73M | 28.82M | 30.59M | 4.53M | 5.49M |
Land and improvements | — | — | — | — | — |
Machinery furniture equipment | 5.99M | 4.63M | 3.38M | 2.13M | 1.63M |
Construction in progress | 44.00M | 24.34M | 13.13M | 8.12M | 4.49M |
Leases | 1.37M | 1.35M | 1.22M | 717,000 | 633,000 |
Accumulated depreciation | -21.20M | -14.13M | -10.54M | -7.61M | -5.31M |
Goodwill | 561.60M | 555.42M | 551.08M | 3.48M | 6.95M |
Investment properties | — | — | — | — | — |
Financial assets | — | — | — | — | — |
Intangible assets | 35.77M | 39.35M | 41.74M | 1.81M | 2.57M |
Investments and advances | 4.11M | 4.07M | 4.20M | — | — |
Other non current assets | 471,000 | 413,000 | 773,000 | 788,000 | 311,000 |
Total liabilities | 376.97M | 362.32M | 77.10M | 200.21M | 150.51M |
Current liabilities | |||||
Accounts payable | 24.71M | 12.44M | 12.72M | 5.64M | 7.94M |
Accrued expenses | 41.85M | 33.43M | 30.91M | 13.61M | 5.01M |
Short term debt | 6.80M | 5.47M | 5.55M | 16.78M | 1.09M |
Deferred revenue | 7.36M | 8.73M | 7.86M | 2.36M | 1.82M |
Tax payable | 2.48M | 3.96M | — | — | — |
Pensions | — | — | — | — | — |
Other current liabilities | — | — | — | — | — |
Non current liabilities | |||||
Long term debt | 292.72M | 296.85M | 16.92M | 1.12M | 13.50M |
Provision for risks and charges | — | — | 1.45M | — | — |
Deferred liabilities | 275,000 | 429,000 | 18,000 | — | — |
Derivative product liabilities | — | — | — | — | — |
Other non current liabilities | 778,000 | 1.01M | 1.68M | — | — |
Shareholders equity | |||||
Common stock | — | — | — | — | — |
Retained earnings | -319.87M | -252.40M | -173.34M | -111.96M | -77.61M |
Other shareholders equity | 855,000 | 28,000 | 149,000 | 210,000 | — |
Total shareholders equity | 330.42M | 371.80M | 425.48M | -111.25M | -73.10M |
Additional paid in capital | 648.32M | 623.08M | 597.64M | 503,000 | 4.51M |
Treasury stock | — | — | — | — | — |
Minority interest | 1.12M | 1.09M | 1.03M | — | — |
Cash flow statement
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | -67.47M | -79.04M | -61.38M | -31.09M | -30.99M |
Depreciation | 10.74M | 7.82M | 3.60M | 3.12M | 1.85M |
Deferred Taxes | -154,000 | -653,000 | -179,000 | — | — |
Stock-Based Compensation | 22.12M | 19.17M | 7.40M | 1.01M | 544,000 |
Other Non-Cash Items | 17.82M | 13.59M | 3.39M | 1.37M | 906,000 |
Accounts Receivable | -20.59M | -17.01M | -11.12M | -2.13M | -5.51M |
Accounts Payable | 6.74M | -215,000 | 5.22M | -2.35M | 2.81M |
Other Assets & Liabilities | -8.55M | -8.76M | -1.71M | -1.91M | -709,000 |
Operating Cash Flow | -39.35M | -65.10M | -54.79M | -31.99M | -31.10M |
Investing Activities | |||||
Capital Expenditures | -18.26M | -13.46M | -6.26M | -4.19M | -2.54M |
Net Intangibles | — | — | — | — | — |
Net Acquisitions | -3.35M | — | -174.65M | — | -1.43M |
Purchase of Investments | -11.58M | -284.10M | -267.47M | -17.71M | -28.85M |
Sale of Investments | 50.00M | 58.93M | 235.00M | 28.57M | 30.47M |
Investing Cash Flow | 16.81M | -238.63M | -212.75M | 6.67M | -2.35M |
Financing Activities | |||||
Long-Term Debt Issuance | — | 287.50M | — | 8.78M | — |
Long-Term Debt Payments | — | -2,000 | -16.15M | -4.80M | -664,000 |
Other Financing Charges | -842,000 | -10.24M | -3.68M | — | — |
Financing Cash Flow | -842,000 | 277.26M | 305.44M | 34.74M | 53.77M |
Other Cash Details | |||||
End Cash Position | 53.42M | 65.66M | 86.26M | 59.87M | 40.12M |
Income Tax Paid | — | — | — | — | — |
Interest Paid | 2.88M | 1.41M | 907,000 | 1.27M | 1.11M |
Free Cash Flow | -48.36M | -76.23M | -74.83M | -26.24M | -29.82M |
Top Institutional Holders
Holder | Date Reported | Shares | Value | % Held |
---|---|---|---|---|
Mutual Fund Ser Tr-Eventide Gilead Fund | Sep 30, 2024 | 3,985,222 | 146.22M | 8.50% |
Primecap Odyssey Growth Fund | Dec 31, 2024 | 3,906,342 | 143.32M | 8.33% |
Fidelity Small Cap Growth Fund | Oct 31, 2024 | 1,804,113 | 66.19M | 3.85% |
Brown Capital Management Small Company Fund | Sep 30, 2024 | 1,720,015 | 63.11M | 3.67% |
Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,386,364 | 50.87M | 2.96% |
iShares Russell 2000 ETF | Nov 30, 2024 | 1,191,953 | 43.73M | 2.54% |
Alger Small Cap Focus Fund | Oct 31, 2024 | 1,154,610 | 42.36M | 2.46% |
Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,110,328 | 40.74M | 2.37% |
Legg Mason Clearbridge Small Cap Growth Fd | Oct 31, 2024 | 933,596 | 34.25M | 1.99% |
Fidelity Small Cap Growth K6 Fund | Oct 31, 2024 | 734,178 | 26.94M | 1.57% |