Latest news with #RandyAltschuler
Yahoo
24-06-2025
- Business
- Yahoo
Xometry, Inc. (XMTR): A Bull Case Theory
We came across a bullish thesis on Xometry, Inc. (XMTR) on Value Investigator's Substack. In this article, we will summarize the bulls' thesis on XMTR. Xometry, Inc. (XMTR)'s share was trading at $30.16 as of 13th June. XMTR's forward P/E was 91.74 respectively according to Yahoo Finance A supply chain employee using the company's secure supply chain management software to update their customer's records. Xometry (XMTR) operates an AI-powered, asset-light marketplace that connects buyers of custom-manufactured parts with a vast network of global suppliers, streamlining procurement and enabling efficient supply chain management. By offering instant quoting and dynamic supplier matching, Xometry eliminates traditional frictions in sourcing while helping manufacturers optimize capacity. The company earns revenue through a spread-based model, charging buyers more than it pays suppliers, allowing it to scale without owning physical assets. The recent Q1 earnings confirmed the strength and scalability of this model, with marketplace revenue accelerating to 27% year-over-year growth, up from 20% in Q4, and active buyers growing 22% to over 71,000. Total revenue reached $151 million for the quarter and $574 million on a trailing twelve-month basis. Critically, Xometry posted its first positive adjusted EBITDA ($0.1 million), a major inflection points after a $7.4 million loss the prior year, reflecting early operating leverage. CEO Randy Altschuler emphasized that global trade complexity and the reshoring trend validate Xometry's marketplace approach, which proved agile during the COVID-era disruptions. Newly appointed President Sanjeev Sahni further underscored the strategic advantage of Xometry's geographically diversified supplier base across the U.S. and 50 countries. The company's model is increasingly resonant in a volatile supply chain landscape, offering speed, flexibility, and resilience without asset burden. With incremental EBITDA margins exceeding 20% and sustained growth above that level, Xometry is now scaling into profitability. If today's price reflects pessimism around past losses, this transition phase could offer a compelling entry point with significant upside potential. Previously, we covered a bullish thesis on Xometry (XMTR) by Unconventional Value in February 2025, framing it as a digital-native marketplace disrupting custom manufacturing through AI, instant quoting, and strong network effects. Despite a ~14% stock decline since, Value Investigator reinforces the thesis by highlighting accelerating revenue growth, a rising active buyer base, and XMTR's first positive adjusted EBITDA. The company's asset-light model and global supplier network position it well amid supply chain volatility and reshoring trends. Together, the theses frame Xometry as a structurally advantaged, high-growth platform at an inflection point toward profitability, offering attractive upside from depressed levels. Xometry, Inc. (XMTR) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Xometry, Inc. (XMTR) at the end of the first quarter which was 14 in the previous quarter. While we acknowledge the risk and potential of XMTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Xometry Announces Convertible Debt Refinancing and Closing of $250 Million of 0.75% Convertible Senior Notes Offering
Issued $250 million principal amount of convertible notes due in 2030, with the proceeds used in part to retire approximately $202 million principal amount of existing convertible notes due in 2027 Opportunistic refinancing extends the maturity of most of Xometry's existing debt with improved terms, a lower coupon and reduced potential dilution to the existing capital structure Xometry purchased a capped call hedge with a cap price initially at $63.35, which represents a 75% premium over the market price on the transaction date Xometry repurchased approximately $8 million of the Company's common stock in connection with this transaction NORTH BETHESDA, Md., June 12, 2025 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace digitizing manufacturing and driving greater supply chain resiliency, today announced the successful closing of its offering of $250 million aggregate principal amount of 0.75% Convertible Senior Notes due 2030 (the 'Notes'), which included the full exercise of the initial purchasers' option to purchase up to an additional $25 million aggregate principal amount of Notes, in a private placement (the 'Offering') to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'). 'We appreciate the tremendous support from both existing and new investors as we successfully close this important financing for the Company,' said Randy Altschuler, CEO of Xometry. 'We have delivered strong growth and positive Adjusted EBITDA over the past two quarters and expect to deliver full year positive Adjusted EBITDA in 2025. This transaction solidifies our balance sheet, providing us with increased financial flexibility to continue to focus on profitable growth as we digitize manufacturing worldwide.' 'We designed this transaction to opportunistically refinance our debt at attractive terms, lowering our coupon rate to 0.75%," said James Miln, CFO of Xometry. "The transaction fortifies our balance sheet by addressing over $200 million principal amount that had 2027 maturities, while providing us with financial flexibility to continue focusing on our growth initiatives and margin expansion. Importantly, this transaction was structured to minimize the potential future dilution for our equity shareholders with an effective 75% conversion premium to the market price of our Class A common stock on the transaction date.' Overview of the Transaction: Offering Size: $250.0 million aggregate principal amount due in 2030, including the full exercise of the initial purchasers' option to purchase an additional $25.0 million principal amount Interest Rate: 0.75% per annum, payable semiannually, beginning on December 15, 2025 Initial Conversion Rate: 21.2495 shares of Xometry's Class A common stock per $1,000 principal amount of Notes Initial Conversion Price: Approximately $47.06 of Xometry's Class A common stock, which represents a conversion premium of approximately 30.0% to the last reported sale price of Xometry's Class A common stock on June 9, 2025 Capped Call Cap Price: $63.35, which represents a premium of 75.0% over the last reported sale price of Xometry's Class A common stock on June 9, 2025 Uses of Net Proceeds: Repurchase of 2027 Convertible Senior Notes: Approximately $216.7 million in cash was used to repurchase approximately $201.7 million aggregate principal amount of outstanding 1.00% Convertible Senior Notes due 2027 Capped Call Transactions: Approximately $17.5 million of the net proceeds were used to fund the cost of the capped call transactions Share Repurchase: Approximately $8 million of the net proceeds were used to repurchase 220,994 shares of the common stock The Notes were only offered to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. The Notes and shares of Xometry's Class A common stock issuable upon conversion of the Notes, if any, have not been and will not be registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains 'forward-looking' statements that involve risks and uncertainties, including statements concerning Xometry's ability to deliver full year Adjusted EBITDA profitability in 2025 and the impact of the Offering on the Company's financial position and initiatives. In some cases, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'should,' 'expect,' 'plan,' 'anticipate,' 'could,' 'would,' 'intend,' 'target,' 'project,' 'contemplate,' 'believe,' 'estimate,' 'predict,' 'potential' or 'continue' or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from Xometry's plans, including those more fully described in our filings with the Securities and Exchange Commission ('SEC') from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. All forward-looking statements in this press release are based on information available to Xometry and assumptions and beliefs as of the date hereof, and Xometry disclaims any obligation to update any forward-looking statements, except as required by law. About Xometry Xometry's (NASDAQ: XMTR) AI-powered marketplace, popular Thomasnet® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to get the instant pricing and lead times to create locally resilient supply chains. Learn more at Investor Contact: Shawn MilneVP Investor Media Contact:Lauran CacciatoriGlobal Corporate Matthew HutchisonGlobal Corporate in to access your portfolio
Associated Press
17-04-2025
- Business
- Associated Press
Xometry's Marketplace Has Generated Nearly $1 Billion In Revenue For America's Small- And Medium Manufacturers
NORTH BETHESDA, Md., April 17, 2025 (GLOBE NEWSWIRE) -- Xometry (NASDAQ: XMTR), the global marketplace digitizing manufacturing and driving greater supply chain resiliency, today announced that its AI-powered, on-demand custom manufacturing marketplace has generated nearly $1 billion in revenue for America's small- and medium manufacturers from Jan. 1, 2020 - March 31, 2025. 'America's manufacturers are deeply rooted in their local communities and play a critical role in our national and global economies,' said Randy Altschuler, CEO of Xometry. 'The Xometry Marketplace helps them reach new customers, re-invest in growth, and hire and train skilled talent. We see the impact every day through our partnerships across the country.' In addition to creating nearly $1 billion in revenue for U.S. manufacturers on its platform, Xometry through its annual ' Excellence in Manufacturing ' awards program recognizes exceptional suppliers who deliver quality products. This year's honorees represent all 48 contiguous states and encompass nearly every type of manufacturing technology – from CNC machining and injection molding to sheet metal fabrication and metal- and plastic 3D printing. One standout honoree is JR Metal Works, a Green Bay, Wisc.-based custom fabricator of sheet metal, pipe and plate products. A five-time award recipient, JR Metal Works continues to raise the bar for quality and service. 'Since high school, I dreamed of having my own metal fabrication shop. In 2016, I opened JR Metal Works with a mission of providing customers excellent customer service, quality and a premium experience,' Jesse Kleiman, owner of JR Metal Works, said. 'Since we began working with Xometry in 2019, we've been able to purchase additional equipment, grow our team and reach new customers around the world. Xometry is a horsepower multiplier for our business.' Today, more than 4,375 global suppliers are active on the Xometry Marketplace. A significant majority of marketplace revenue flows to the company's growing U.S. supplier network. In a rapidly changing environment, agility is everything. As more manufacturers reshore operations and seek domestic partners, they're also turning to Xometry to digitize and future-proof their businesses. Xometry's robust suite of digital tools benefits both buyers and suppliers: According to Xometry's recent ' American Manufacturing Resurgence ' poll, conducted with John Zogby Strategies, 70% of manufacturing CEOs (at companies with revenue from $5 million to $500 million) are embracing AI to boost operational efficiencies. Nearly half have reshored some or all of their operations. 'America's manufacturers are resilient and can meet any moment,' Altschuler said. 'Xometry was purpose-built to help them move faster, adapt to change and drive innovation.' About Xometry Xometry's (NASDAQ: XMTR) AI-powered marketplace, popular Thomasnet ® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to get the instant pricing and lead times to create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of data to analyze complex parts in real time, matches buyers with the right suppliers globally, and provides accurate pricing and lead times. Learn more at or follow @xometry. Media Contacts: Matthew Hutchison Chief Communications Officer [email protected] Investor Contact: Shawn Milne VP, Investor Relations 240-335-8132 [email protected]
Axios
17-04-2025
- Business
- Axios
A path forward for reigniting American manufacturing
Tariffs are driving buyers of custom manufacturing services to quickly rewire their supply chains, including looking toward American suppliers to create their products. Okay, but: At the same time, the country's small- and mid-size manufacturers are looking to capitalize on this moment and grow their customer base here and abroad. Why it's important: As a result, the U.S. may well be on the verge of a manufacturing renaissance — but it will take time, and technology will play a crucial part for buyers and suppliers alike. First things first: America is home to more than 500,000 small- and mid-size manufacturers — who specialize in everything from CNC machining and injection molding to sheet-metal fabrication, 3D printing and more. They are deeply ingrained in the fabric of their communities and their work is a significant driver of the country's GDP. Buyers over the last few years have accelerated their reshoring efforts, moves that were sparked by COVID, buoyed by federal legislation such as the Infrastructure Investment and Jobs Act, the CHIPS and Science Act and now the global trade environment. How it's done: Xometry, the digital marketplace for custom manufacturing, has tracked the reshoring trend for more than two years through its quarterly "American Manufacturing Resurgence" polls with Zogby Strategies. In Q1, nearly half (42%) of manufacturing CEOs say they have already successfully reshored facilities, while another 19% say they are planning to do so as a result of the tariffs. What's next: America's manufacturers can meet this moment, says Randy Altschuler, Xometry's CEO. "We help more than 68,000 buyers of custom-manufacturing services navigate the complex and rapidly changing terrain of tariffs by matching them with the more than 4,375 suppliers on our AI-driven marketplace," Altschuler said. "Our platform gives buyers of custom manufacturing the ability to grow their production needs with us and strengthen their supply chains at times like this when it matters most." "Through our marketplace, buyers get instant pricing and lead time information as well as critical access to America's extensive manufacturing capacity, enabling them to remain agile, flexible and resilient in a rapidly changing world," explains Altschuler. It's a model that also benefits manufacturers. The impact: In the last 5 years (Jan. 1, 2020 - March 31, 2025), the Xometry Marketplace has generated $1 billion in revenue for America's manufacturers, a point of pride for Altschuler and everyone at the publicly traded company (NASDAQ: XMTR). As reshoring accelerates, buyers and suppliers of manufacturing are rapidly investing in new technologies and talent to meet this moment. Xometry's recent poll found that: 70% of manufacturing CEOs are embracing emerging technologies like AI to achieve efficiencies in planning and in operations, followed closely by automation. Of those companies that have invested in AI, most have seen a significant ROI, and nearly two-third (63%) believe AI and other technologies will be "transformational" for their operations. In addition to technology, manufacturing CEOs are investing in talent as America's industrial core becomes more high-tech. The bottom line: "One of the reasons I co-founded Xometry was to champion America manufacturing — the backbone of our global economy. Today, manufacturing is increasingly synonymous with high-tech innovation, and Xometry is playing a pivotal role in re-engineering supply chain ecosystems everywhere."
