Xometry(XMTR) - 2024 Q1 - Quarterly Results
Xometry(XMTR)2024-05-09 19:15
Exhibit 99.1 Xometry Reports First Quarter 2024 Results • Q1 revenue increased 16% year-over-year to $123 million driven by marketplace growth of 24% year-over-year. • Q1 gross profit increased 22% year-over-year driven by 37% growth in marketplace gross profit. Q1 marketplace gross margin increased 320 basis points year-over-year to a record 32.0%. • Q1 Adjusted EBITDA loss of $7.5 million, a 37% improvement year-over-year driven by higher revenue, gross profit, and operating efficiencies. • 2024 growth in ...