Xometry Reports Fourth Quarter and Full Year 2023 Results

Financial Summary (1)
(In thousands, except per share amounts)
(Unaudited)
   For the Three Months
Ended December 31,
      For the Year
Ended December 31,
    
   2023   2022   %
Change
   2023   2022   %
Change
 
                
Consolidated                  
Revenue $128,145  $98,061   31% $463,406  $380,921   22%
Gross profit  49,085   35,202   39%  178,259   145,991    22 %
Net loss attributable to common stockholders     (10,551 )     (25,813 )     59 %     (67,472 )     (79,059 )     15 %
EPS, basic and diluted, of Class A and Class B common stock     (0.22 )     (0.54 )     59 %     (1.41 )     (1.68 )     16 %
Adjusted EBITDA (2)     (2,850 )     (15,639 )     82 %     (27,490 )     (44,799 )     39 %
Non-GAAP net loss (2)     (400 )     (15,119 )     97 %     (19,355 )     (43,131 )     55 %
Non-GAAP EPS, basic and diluted (2) , of Class A and Class B common stock     (0.01 )     (0.32 )     97 %     (0.40 )     (0.91 )     56 %
                                     
Marketplace                                    
Revenue   $ 112,090     $ 79,148       42 %   $ 394,754     $ 303,223       30 %
Cost of revenue     77,024       58,323       (32 )%     273,264       217,779       (25 )%
Gross Profit   $ 35,066     $ 20,825       68 %   $ 121,490     $ 85,444       42 %
Gross Margin     31.3 %     26.3 %     5.0 %     30.8 %     28.2 %     2.6 %
                                     
Supplier services                                    
Revenue   $ 16,055     $ 18,913       (15 )%   $ 68,652     $ 77,698       (12 )%
Cost of revenue     2,036       4,536       55 %     11,883       17,151       31 %
Gross Profit   $ 14,019     $ 14,377       (2 )%   $ 56,769     $ 60,547       (6 )%
Gross Margin     87.3 %     76.0 %     11.3 %     82.7 %     77.9 %     4.8 %

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