Key Operating Metrics (2) :
| As of June 30, | |||||||||
| 2024 | 2023 |
%
Change | |||||||
| Active Buyers(3) | 61,530 | 48,340 | 27 | % | |||||
| Percentage of Revenue from Existing Accounts(3) | 96 | % | 96 | % | |||||
| Accounts with Last Twelve-Months Spend of at Least $50,000(3) | 1,436 | 1,159 | 24 | % | |||||
| Active Paying Suppliers(3) | 6,992 | 7,553 | (7 | )% | |||||
(2) These key operating metrics are for Marketplace and Supplier Services. See “Key Terms for our Key Metrics and Non-GAAP Financial Measures” below for definitions of these metrics.
(3) Amounts shown for Active Buyers, Accounts with Last Twelve-Months Spend of at Least $50,000, and Active Paying Suppliers are as of June 30, 2024 and 2023, and Percentage of Revenue from Existing Accounts is presented for the quarters ended June 30, 2024 and 2023.
Financial Guidance and Outlook:
| Q3 2024 | ||||||||
| (in millions) | ||||||||
| Low | High | |||||||
| Revenue | $ | 136 | $ | 138 | ||||
| Adjusted EBITDA | $ | (3.5 | ) | $ | (1.5 | ) | ||
- Expect Q3 2024 revenue growth of 14%-16% year-over-year to $136-$138 million.
- Expect Q3 2024 Adjusted EBITDA loss of $1.5-$3.5 million.
- Reaffirm fiscal 2024 marketplace revenue growth of at least 20% year-over-year and expect supplier services revenue to be down approximately 10% year-over-year.
- For fiscal 2024, we expect improved operating leverage as compared to fiscal 2023, partly offset by international and enterprise growth investments.
Xometry’s third quarter 2024 and full year 2024 financial outlook is based on a number of assumptions that are subject to change and many of which are outside of its control. If actual results vary from these assumptions, Xometry’s expectations may change. There can be no assurance that Xometry will achieve these results.
