XMTR - SHAREHOLDER ALERT: Levi & Korsinsky LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of Xometry Inc. | Benzinga
NEW YORK, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Xometry, Inc. ("Xometry") (NASDAQ:XMTR) concerning possible violations of federal securities laws.
On March 1, 2023, Xometry announced an adjusted EBITDA loss of $14.2 million for the fourth quarter of 2022 due to a "revenue shortfall" and "lower gross margins quarter-over-quarter." The Company blamed "macroeconomic factors" including inflation that "changed" supplier behavior and "slowing demand." Further, the Company announced that it would be implementing a "5-point strategic plan" that included "aggressively" reducing ...