In a recent transaction, Peter Goguen, Chief Operating Officer of Xometry, Inc. (NASDAQ:XMTR), sold 3,000 shares of the company's Class A Common Stock. The shares were sold at a price of $34.50 each, totaling $103,500. The transaction comes as Xometry, currently valued at $1.68 billion, has seen its stock surge over 116% in the past six months, according to InvestingPro data. This sale was conducted under a Rule 10b5-1 trading plan, which was established at least 90 days prior to the sale date. Following this transaction, Goguen holds 164,993 shares directly. While InvestingPro analysis indicates the stock is currently fairly valued, it highlights several positive factors, including strong liquidity and expected net income growth. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into Xometry's financial health and growth prospects.
In other recent news, Xometry reported a record revenue of $142 million in its third-quarter 2024 earnings call, marking a 19% increase year-over-year. The company's gross profit rose by 34%, and the gross margin improved to 33.6%. There was a significant growth in active buyers and suppliers on Xometry's platform, with a 24% increase in buyers and the supplier network surpassing 4,200.
Anticipations for the future show a slight adjusted EBITDA profitability in Q4 and expected revenue growth in 2025 to outpace that of 2024. International revenue has already seen a 55% rise year-over-year.
However, it is important to note that supplier services revenue is projected to decline by approximately 10%. There is also an expected sequential marketplace growth slowdown to 4% in Q4, compared to 8% to 9% previously, due to a soft industrial environment and seasonal factors.
Despite these challenges, Xometry is confident in the resilience of their marketplace model and continues to focus on expanding its marketplace, enhancing technology, and disciplined expense management.
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