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Global manufacturing marketplace Xometry (XMTR) generated record-breaking revenue during the last quarter, according to its Q3 2022 financial results.
Xometry brought in $103.6 million in Q3 2022, 82.7% more than the $56.7 million it reported for Q3 2021. On the firm’s earnings call, its CEO Randy Altschuler attributed this growth to the “value of its marketplace,” which is enabling it to gain significant market share, and he “expects these gains to continue in Q4 and into FY 2023.”
“In Q3 2022, Xometry delivered strong marketplace growth, robust expansion in marketplace gross margin and significant operating leverage quarter-over-quarter,” said Altschuler. “In Q4, we are seeing record orders while suppliers are taking jobs at…
