Xometry Reports First Quarter 2023 Results

(1)   These non-GAAP financial measures, and the reasons why we believe these non-GAAP financial measures are useful, are described below and reconciled to their most directly comparable GAAP measures in the accompanying tables.

Key Operating Metrics (2) :

   As of March 31, 
   2023   2022   %
Change
 
          
Active Buyers(3)  44,716   30,683  46%
Percentage of Revenue from Existing Accounts(3)  96%  94%   
Accounts with Last Twelve-Months Spend of at Least $50,000(3)  1,109   790  40%
Active Paying Suppliers(3)  7,621   6,872  11%
            

(2) These key operating metrics are for Marketplace and Supplier Services. See “Key Terms for our Key Metrics and Non-GAAP Financial Measures” below for definitions of these metrics.
(3) Amounts shown for Active Buyers, Accounts with Last Twelve-Months Spend of at Least $50,000, and Active Paying Suppliers are as of March 31, 2023 and 2022, and Percentage of Revenue from Existing Accounts is presented for the quarters ended March 31, 2023 and 2022.

Financial Guidance and Outlook:

   Q2 2023   FY 2023 
   (in millions) 
   Low   High   Low   High 
Revenue   $ 109.0     $ 111.0     $ 470.0     $ 480.0  
Adjusted EBITDA   $ (9.5 )   $ (8.5 )   $ (26.0 )   $ (24.0 )
                                 

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