Xometry, Inc. Stock Research

Market Summary

USD15.58-0.29

Delayed

-1.83%

XMTR Stock Price

XMTR RSI Chart

XMTR Valuation

Market Cap

737.0M

Price/Earnings (Trailing)

-9.76

Price/Sales (Trailing)

2.11

EV/EBITDA

-11.92

Price/Free Cashflow

-8.38

XMTR Price/Sales (Trailing)

XMTR Profitability

Operating Margin

37.85%

EBT Margin

-19.87%

Return on Equity

-19.27%

Return on Assets

-10.01%

Free Cashflow Yield

-11.93%

XMTR Fundamentals

XMTR Revenue

Revenue (TTM)

350.0M

Revenue Y/Y

82.58%

Revenue Q/Q

8.32%

XMTR Earnings

Earnings (TTM)

-75.5M

Earnings Y/Y

-2.24%

Earnings Q/Q

9.11%

Price Action

52 Week Range

15.4064.35

(Low)(High)

Last 7 days

-12.9%

Last 30 days

-56.2%

Last 90 days

-53.7%

Trailing 12 Months

-55.8%

XMTR Financial Health

Current Ratio

6.3

XMTR Investor Care

Shares Dilution (1Y)

7.60%

Diluted EPS (TTM)

-1.56

Financials for Xometry

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	15.5%	349,955,000	303,111,000	258,085,000	218,336,000	189,219,000
Gross Profit	24.9%	132,472,000	106,065,000	80,244,000	57,141,000	45,684,000
Operating Expenses	15.4%	204,798,000	177,455,000	147,834,000	115,827,000	91,168,000
S&GA Expenses	19.2%	72,018,000	60,430,000	51,143,000	39,422,000	32,974,000
R&D Expenses	12.9%	28,348,000	25,111,000	21,406,000	17,780,000	15,438,000
EBITDA	2.9%	-59,292,333	-61,059,333	-59,859,000	-41,082,000	-
EBITDA Margin	15.9%	-0.17	-0.20	-0.23	-0.19	-
Earnings Before Taxes	-0.6%	-69,525,333	-69,085,333	-63,372,000	-49,968,000	-
EBT Margin	12.8%	-0.20	-0.23	-0.25	-0.21	-
Interest Expenses	52.8%	3,225,000	2,110,000	1,251,000	852,000	909,000
Net Income	-0.4%	-75,490,000	-75,160,000	-70,875,000	-61,381,000	-47,652,000
Net Income Margin	13.0%	-0.22	-0.25	-0.27	-0.28	-
Free Cahsflow	3.5%	-87,956,000	-91,157,000	-90,449,000	-74,833,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-0.5%	754	758	761	503	370
Current Assets	-1.1%	410	414	423	163	356
Cash Equivalents	-34.9%	30.00	47.00	59.00	86.00	58.00
Inventory	226.1%	6.00	2.00	2.00	2.00	1.00
Net PPE	21.3%	16.00	13.00	12.00	10.00	9.00
Goodwill	0%	260	260	255	255	1.00
Liabilities	1.5%	361	356	351	77.00	29.00
Current Liabilities	8.8%	65.00	60.00	54.00	57.00	27.00
Shareholder's Equity	-2.4%	392	402	410	424	341
Retained Earnings	-7.2%	-224	-209	-193	-173	-149
Additional Paid-In Capital	1.1%	617	610	602	598	490
Accumulated Depreciation	7.7%	13.00	12.00	11.00	11.00	10.00
Shares Outstanding	0.5%	47.00	47.00	47.00	44.00	-
Minority Interest	1.3%	1.00	1.00	1.00	1.00	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	6.7%	-76.71	-82.21	-82.89	-68.57	-42.27
Share Based Compensation	20.5%	17.00	14.00	10.00	7.00	5.00
Cashflow From Investing	53.1%	-232	-495	-493	-212	-272
Cashflow From Financing	-51.9%	282	588	586	308	307

Risks for XMTR

What is the probability of a big loss on XMTR?

87.8%

Probability that Xometry stock will be more than 20% underwater in next one year

81.1%

Probability that Xometry stock will be more than 30% underwater in next one year.

75.6%

Probability that Xometry stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does XMTR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Xometry was unfortunately bought at previous high price.

Drawdowns

Returns for XMTR

Cumulative Returns on XMTR

Which funds bought or sold XMTR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-06	Rockefeller Capital Management L.P.	reduced	-43.75	-	-	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	-320,366	420,634	-%
2023-02-21	MACQUARIE GROUP LTD	added	292	3,097,000	5,621,000	0.01%
2023-02-17	TRUIST FINANCIAL CORP	added	57.33	-71,745	596,255	-%
2023-02-16	HARBOUR INVESTMENTS, INC.	reduced	-7.69	-2,662	19,338	-%
2023-02-16	Georgetown University	unchanged	-	-330,636	434,364	0.17%
2023-02-15	CI Private Wealth, LLC	new	-	248,171	248,171	-%
2023-02-15	Virtu Financial LLC	sold off	-100	-532,000	-	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	39.14	-314,575	1,179,420	-%
2023-02-15	JANE STREET GROUP, LLC	added	130	278,321	1,187,320	-%

Latest Funds Activity

Are funds buying XMTR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own XMTR

No. of Funds

Xometry News

Schedule 13G FIlings of Xometry

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 09, 2023	brown capital management llc	10.32%	4,620,896	SC 13G/A
Feb 14, 2023	t. rowe price investment management, inc.	5.6%	2,505,919	SC 13G
Feb 14, 2023	brown capital management llc	8.19%	3,666,110	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	11.5%	5,164,512	SC 13G/A
Feb 13, 2023	altschuler randolph	8.81%	4,105,305	SC 13G/A
Feb 13, 2023	zuriff laurence	6.88%	3,170,278	SC 13G/A
Feb 13, 2023	foundry group next 2018, l.p.	2.9%	1,371,112	SC 13G/A
Feb 09, 2023	blackrock inc.	6.0%	2,694,036	SC 13G
Feb 09, 2023	vanguard group inc	7.87%	3,523,937	SC 13G
Jan 13, 2023	jpmorgan chase & co	5.2%	2,332,750	SC 13G

XMTR Fair Value

Recent SEC filings of Xometry

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	10-K	Annual Report
Mar 09, 2023	SC 13G/A	Major Ownership Report
Mar 06, 2023	4	Insider Trading
Mar 02, 2023	NT 10-K	NT 10-K
Mar 01, 2023	8-K	Current Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	SC 13G	Major Ownership Report
Feb 13, 2023	SC 13G/A	Major Ownership Report
Feb 13, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for XMTR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	Goguen Peter	acquired	107,848	8.21633	13,126	chief operating officer
2023-02-01	Altschuler Randolph	sold	-70,387	35.1937	-2,000	chief executive officer
2023-02-01	Altschuler Randolph	sold	-351,407	35.1407	-10,000	chief executive officer
2023-02-01	Altschuler Randolph	sold	-70,338	35.1691	-2,000	chief executive officer
2023-02-01	Altschuler Randolph	sold	-70,282	35.1412	-2,000	chief executive officer
2023-02-01	Altschuler Randolph	sold	-70,344	35.1724	-2,000	chief executive officer
2023-02-01	Altschuler Randolph	sold	-70,285	35.1427	-2,000	chief executive officer
2023-01-31	Rallo James M	sold	-342,245	34.2245	-10,000	chief financial officer
2023-01-31	Rallo James M	acquired	36,500	3.65	10,000	chief financial officer
2023-01-04	Rallo James M	sold	-83,078	30.6448	-2,711	chief financial officer

About Xometry

Randolph Altschuler

www.xometry.com

790

Xometry, Inc. operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling. In addition, it provides other services comprising urethane and die casting, vapor smoothing, finishing, rapid prototyping, high- volume production, and assembly services. The company offers its products under the Allied Machine & Engineering, Brubaker, HTC, OSG, Kyocera, Mitsubishi Materials, SOWA, Viking Drill & Tool, Dauphin, and Sandvik brands. It serves aerospace and defense, automotive, consumer products, product designers, education, electronic and semiconductors, energy, hardware startups, industrial, medical and dental, robotics, and supply chain and purchasing 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 Derwood, Maryland.

XMTR Income Statement

2022-09-30

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Revenue	$ 103,571	$ 56,727	$ 282,857	$ 151,238
Cost of revenue	62,670	42,233	171,321	115,033
Gross profit	40,901	14,494	111,536	36,205
Sales and marketing	21,416	9,828	58,846	26,250
Operations and support	11,620	5,775	36,158	15,594
Product development	7,613	4,376	22,698	12,131
General and administrative	15,126	8,778	43,143	18,343
Impairment of assets	325	0	444	0
Total operating expenses	56,100	28,757	161,289	72,318
Loss from operations	(15,199)	(14,263)	(49,753)	(36,113)
Other (expenses) income
Interest expense	(1,194)	(79)	(3,172)	(799)
Interest and dividend income	1,344	417	1,914	457
Other expenses	(289)	(786)	(1,733)	(1,021)
Income from unconsolidated joint venture	297		600
Total other income (expenses)	158	(448)	(2,391)	(1,363)
Loss before income taxes	(15,041)	(14,711)	(52,144)	(37,476)
Benefit for income taxes			559
Net loss	(15,041)	(14,711)	(51,585)	(37,476)
Net (loss) income attributable to noncontrolling interest	(4)		17
Net loss attributable to common stockholders	$ (15,037)	$ (14,711)	$ (51,602)	$ (37,476)
Net loss per share, basic	$ (0.32)	$ (0.33)	$ (1.10)	$ (1.87)
Net loss per share, diluted	$ (0.32)	$ (0.33)	$ (1.10)	$ (1.87)
Weighted-average number of shares outstanding used to compute net loss per share, basic	47,303,090	43,962,863	47,057,521	20,092,600
Weighted-average number of shares outstanding used to compute net loss per share, diluted	47,303,090	43,962,863	47,057,521	20,092,600
Comprehensive loss:
Foreign currency translation	$ (559)	$ (41)	$ (573)	$ (24)
Total other comprehensive loss	(559)	(41)	(573)	(24)
Net loss	(15,041)	(14,711)	(51,585)	(37,476)
Comprehensive loss	(15,600)	(14,752)	(52,158)	(37,500)
Comprehensive income attributable to noncontrolling interest	14		85
Total comprehensive loss attributable to common stockholders	$ (15,614)	$ (14,752)	$ (52,243)	$ (37,500)

XMTR Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 30,497	$ 86,262
Marketable securities	310,694	30,465
Accounts receivable, less allowance for credit losses of $1.6 million as of September 30, 2022 and $0.8 million as of December 31, 2021	50,889	32,427
Inventory	5,632	2,033
Prepaid expenses	7,675	6,664
Other current assets	4,357	5,580
Total current assets	409,744	163,431
Property and equipment, net	16,303	10,287
Operating lease right-of-use assets	23,299	27,489
Investment in unconsolidated joint venture	4,298	4,198
Intangible assets, net	40,287	41,736
Goodwill	259,971	254,672
Other assets	382	773
Total assets	754,284	502,586
Current liabilities:
Accounts payable	12,075	12,718
Accrued expenses	36,476	30,905
Contract liabilities	10,600	7,863
Operating lease liabilities, current portion	5,898	5,549
Finance lease liabilities, current portion		2
Total current liabilities	65,049	57,037
Operating lease liabilities, net of current portion	13,513	16,920
Convertible notes	279,441
Income taxes payable	1,532	1,468
Other liabilities	1,787	1,678
Total liabilities	361,322	77,103
Commitments and contingencies (Note 13)
Stockholders' equity
Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Additional paid-in capital	617,278	597,641
Accumulated other comprehensive income (loss)	(492)	149
Accumulated deficit	(224,943)	(173,341)
Total stockholders' equity	391,843	424,449
Noncontrolling interest	1,119	1,034
Total equity	392,962	425,483
Total liabilities and stockholders' equity	754,284	502,586
Class A Common Stock
Stockholders' equity
Common stock
Class B Common Stock
Stockholders' equity
Common stock