Xometry Reports Third Quarter 2024 Results
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Xometry reported its third quarter 2024 results, showing a 19% year-over-year increase in revenue to $142 million and a 21% increase in gross profit to $55.8 million, driven by a 24% growth in its marketplace.
November 05, 2024 | 12:30 pm
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POSITIVE IMPACT
Xometry's Q3 2024 results show strong financial performance with a 19% increase in revenue and a 21% increase in gross profit, driven by significant marketplace growth.
The reported financial results indicate strong growth in both revenue and gross profit, which is likely to positively impact the stock price in the short term. The significant marketplace growth further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100