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
For further details see:
Xometry Non-GAAP EPS of -$0.20 beats by $0.03, revenue of $105.33M beats by $4.51M