- Xometry Inc (NASDAQ:XMTR) reported second-quarter FY22 sales growth of 89% year-on-year, to $95.62 million, beating the consensus of $93.08 million.
- Marketplace Active Buyers increased 40% to 33,491 as of June 30, 2022.
- The gross profit for the quarter rose 217% Y/Y to $37.7 million with a gross margin of 39.4%.
- The loss from operations widened to $(15.6) million. Adjusted EBITDA loss for the quarter was $(8.3) million.
- The company held $356.7 million in cash and equivalents as of June 30, 2022.
- Adjusted loss per share for the quarter narrowed to $(0.18) versus $(1.14) a year ago.
- Outlook: Xometry sees FY22 revenue of $395 million – $400 million (prior view $392.0 million – $400.0 million) versus the estimate of $397.09 million. Adjusted EBITDA loss of $(33) million – $(31) million (prior view $(36.0) million – $(32.0) million.
- The company expects Q3 revenue of $102 million – $104 million versus the estimate of $103.90 million. Adjusted EBITDA loss of $(7) million – $(6) million.
- Price Action: XMTR shares are trading higher by 21.1% at $50.79 on the last check Wednesday.
Why Kingsoft Cloud Holdings Stock Is Skyrocketing
Kingsoft Cloud Holdings Ltd (NASDAQ: KC) shares are trading higher by 19.96% to $5.35 Thursday. Following a positive private survey indicating growth in factory activity during May, shares of Chinese companies are witnessing an upward trend in trading Thursday.
