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

CEO
Mr. Randolph Brody Altschuler
Employees
992
Instrument type
Common Stock
Sector
Industrials
Industry
Specialty Industrial Machinery
MIC code
XNGS
Address
6116 Executive Boulevard, North Bethesda, MD 20852, United States
Phone
240 252 1138
Website
Chart Image
× Enlarged Chart
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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
[stock_revenue_estimate]

Growth estimates

Current qtr
392.800%
Next qtr. (Mar 2025)
123.930%
Current year
79.890%
Next year (Dec 2025)
464.140%
Next 5 years (per annum)
Past 5 years (per annum)

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

20232022202120202019
Operating Activities
Net Income-67.47M-79.04M-61.38M-31.09M-30.99M
Depreciation10.74M7.82M3.60M3.12M1.85M
Deferred Taxes-154,000-653,000-179,000
Stock-Based Compensation22.12M19.17M7.40M1.01M544,000
Other Non-Cash Items17.82M13.59M3.39M1.37M906,000
Accounts Receivable-20.59M-17.01M-11.12M-2.13M-5.51M
Accounts Payable6.74M-215,0005.22M-2.35M2.81M
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 Investments50.00M58.93M235.00M28.57M30.47M
Investing Cash Flow16.81M-238.63M-212.75M6.67M-2.35M
Financing Activities
Long-Term Debt Issuance287.50M8.78M
Long-Term Debt Payments-2,000-16.15M-4.80M-664,000
Other Financing Charges-842,000-10.24M-3.68M
Financing Cash Flow-842,000277.26M305.44M34.74M53.77M
Other Cash Details
End Cash Position53.42M65.66M86.26M59.87M40.12M
Income Tax Paid
Interest Paid2.88M1.41M907,0001.27M1.11M
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%
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