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Xometry Xometry , Inc. Reports Second Quarter 2021 Results August 12 , 2021 Reports 45 % Growth in Year - Over - Year Revenue ROCKVILLE , Md . , Aug. 12 , 2021 ( GLOBE NEWSWIRE ) -- Xometry , Inc. ( NASDAQ : XMTR ) , a leading Al - enabled marketplace for on - demand manufacturing , today reported financial results for the second quarter ended June 30 , 2021 , including the following highlights : • Revenue grew 45 % year - over - year from $ 34.8 million as of June 30 , 2020 to $ 50.6 million as of June 30 , 2021 . • Active Buyers increased 66 % from 14,460 as of June 30 , 2020 to 23,942 as of June 30 , 2021 . • Percentage of Revenue From Existing Accounts was 95 % . • Accounts with Last Twelve - Months Spend of at least $ 50,000 increased 54 % from 330 as of June 30 , 2020 to 508 as of June 30 , 2021 . • Gross Profit increased 44 % year - over - year to $ 11.9 million as of June 30 , 2021 , as compared to $ 8.3 million as of June 30 , 2020 . • Net loss was $ 12.3 million for the quarter , an increase of $ 6.1 million year - over - year , and Adjusted EBITDA was negative $ 9.1 million for the quarter , reflecting an increase of $ 4.3 million year - over - year . Net loss for Q2 2021 includes $ 2.0 million of stock - based compensation expense . • Cash and cash equivalents was $ 37.4 million at quarter end with $ 15.9 million in debt outstanding . On July 2 , 2021 , we completed our initial public offering , raising net proceeds of $ 325.3 million after deducting underwriting discounts and commissions . " Buyers and sellers around the world are choosing the Xometry marketplace for on - demand manufacturing , " said Randy Altschuler , Xometry's CEO . " Our focus is making it easier for our buyers to source customized manufacturing and enabling our sellers to more efficiently find jobs and run their operations in this massive , highly fragmented market . " " Second quarter results were strong across all key metrics . We delivered 45 % year - over - year revenue growth , 66 % year - over - year active buyer growth and sequentially improved gross margin over the first quarter of 2021. While we are proud of these results , we are even prouder of the team that got us here , of the business we have built together , and of the great experiences that we deliver to our customers . " Revenue Gross Profit Net Loss EPS - basic and diluted Adjusted EBITDA ( Non - GAAP¹ ) Unaudited Financial Summary ( In thousands , except per share amounts ) $ For the Three Months Ended June 30 , 2021 50,589 $ 11,875 ( 12,264 ) ( 1.46 ) ( 9,073 ) 2020 34,783 8,265 ( 6,119 ) ( 0.82 ) ( 4,788 ) % Change 45 % $ 44 % 100 % 78 % 89 % For the Six Months Ended June 30 , 2021 2020 94,510 $ 61,472 21,710 13,631 ( 22,765 ) ( 14,726 ) ( 2.79 ) ( 1.99 ) ( 17,882 ) ( 12,303 ) 2021 ( 1 ) These non - GAAP financial measures , and reasons why we believe these non - GAAP financial measures are useful , are described below and reconciled to their most directly comparable GAAP measures in the accompanying tables . Key Operating Metrics : As of June 30 , % Change 2020 54 % 59 % 55 % 40 % 45 % % Change