Xometry (XMTR) Climbs 43% as Exceeded Revenue Expectations

We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Xometry, Inc. (NASDAQ:XMTR) is one of the best-performing stocks on Tuesday.

Xometry soared by 43 percent on Tuesday to end at $44.28 apiece after exceeding revenue expectations and raising its growth outlook for the third quarter of the year.

In its updated report, Xometry, Inc. (NASDAQ:XMTR) said revenues in the second quarter of the year increased by 22.7 percent to $162 million from $132 million in the same period last year. The figure also exceeded expectations, having targeted only $155 million to $157 million in revenues during the period.

Net loss attributable to shareholders, however, widened by 93 percent to $26.4 million from $13.7 million year-on-year.

For the six-month period, revenues jumped by 23 percent to $313 million from $255 million, while net loss attributable to shareholders grew by 37 percent to $41.5 million from $30.3 million year-on-year.

For the third quarter, Xometry, Inc. (NASDAQ:XMTR) targets revenues at a range of $167 million to $169 million, with adjusted EBITDA of $4 million to $5 million.

For the full year, Xometry, Inc. (NASDAQ:XMTR) also raised its marketplace growth outlook of 23-24 percent, versus the 22 percent previously.