Levi & Korsinsky Reminds Shareholders of an Investigation into Xometry, Inc. (XMTR) Regarding Potential Securities Fraud Allegations
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Levi & Korsinsky has initiated an investigation into Xometry, Inc. (NASDAQ:XMTR) for potential securities fraud. The investigation follows Xometry's announcement of a $14.2 million adjusted EBITDA loss in Q4 2022, attributed to revenue shortfall and lower gross margins.
November 11, 2024 | 12:45 pm
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Xometry, Inc. is under investigation by Levi & Korsinsky for potential securities fraud following a significant EBITDA loss in Q4 2022.
The investigation into potential securities fraud is likely to negatively impact Xometry's stock price in the short term. The significant EBITDA loss and the reasons cited (revenue shortfall and lower gross margins) raise concerns about the company's financial health and management practices.
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