XMTR - Xometry Non-GAAP EPS of -$0.20 beats by $0.03 revenue of $105.33M beats by $4.51M

2023-05-10 07:13:20 ET

• Xometry press release ( NASDAQ: XMTR ): Q1 Non-GAAP EPS of -$0.20 beats by $0.03 .
• Revenue of $105.33M (+25.9% Y/Y) beats by $4.51M .
• Q1 revenue increased 26% year-over-year driven by stronger-than-expected marketplace growth of 35% year-over-year. Marketplace revenue up 10% quarter-over-quarter
• Marketplace revenue for the first quarter of 2023 was $86.7 million, an increase of 35% year-over-year.
• Supplier services revenue for the first quarter of 2023 was $18.6 million, a decrease of 3% year-over-year.
• Expect Q2 revenue growth of 14%-16% year-over-year to $109-$111 million vs $111.57M consensus, driven by healthy marketplace growth
• Marketplace Active Buyers increased 46% from 30,683 as of March 31, 2022 to 44,716 as of March 31, 2023.
• Marketplace Accounts with Last Twelve-Months Spend of at least $50,000 increased 40% from 790 as of March 31, 2022, to 1,109 as of March 31, 2023.
• Marketplace Percentage of Revenue from Existing Accounts was 96%.
• Active Paying Suppliers increased 11% from 6,872 as of March 31, 2022 to 7,621 as of March 31, 2023.
• FY23 Outlook: Revenue of $470M-$480M vs $472.93M consensus

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