Xometry Shares Up 5% Following Q1 Results

Xometry, Inc. (NASDAQ:XMTR) shares were trading more than 5% Thursday afternoon following solid Q1 results. Revenue came in at $83.7 million, up 90% year-over-year, with marketplace revenue of $64.4 million, and supplier services revenue of $19.3 million.
On a macro level, the company proved to be resilient through COVID and has a natural hedge around inflation with ongoing price adjustments.
Guidance for Q2/22 and the full 2022-year was in-line with expectations and management provided additional color on marketplace growth for the year, which will now be segmented going forward.

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