XMTR
Xometry Announces Pricing of Public Offering of Class A Common Stock
Article Summary
HOLD- Xometry Inc. (NASDAQ: XMTR) announced pricing of an underwritten public offering of 2,647,059 shares of its Class A common stock at a price to the public of $85.00 per share for total gross proceeds of approximately $225.0 million.
- The global AI-native marketplace connecting buyers and suppliers of custom manufacturing granted the underwriters a 30-day option to purchase up to 397,058 shares at the public offering price, less underwriting discounts and commissions.
- The offering is expected to close on June 3, 2026 subject to satisfaction of customary closing conditions, with Xometry intending to use net proceeds from the offering for working capital and general corporate purposes.
- Morgan and Goldman Sachs are acting as joint book-running managers for the offering, with William Blair, Citizens Capital Markets and Cantor acting as co-manager, and the offering is being made pursuant to shelf registration statement on Form S-3 including base prospectus filed with U.S.
- Securities and Exchange Commission.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 29.1% | 25% | 75.0 ptsVery Good (29.1%) - Solid growth |
| EPS Growth Next 5Y ? | 66.3% | 25% | 100.0 ptsExceptional (66.3%) - Very high expectations |
| Target Price Upside ? | 4.5% | 20% | 20.0 ptsMinimal Upside (4.5%) - Target: $89.25 vs Current: $85.40 |
| Gross Margin % ? | 36.8% | 15% | 60.0 ptsSolid (36.8%) - Decent margins |
| Drawdown from 52-Wk High ? | -14.5% | 15% | 40.0 ptsMild Pullback (-14.5%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About XMTR
- Xometry, Inc. operates an artificial intelligence (AI) powered online manufacturing marketplace in the United States and internationally.
- The company's marketplace uses AI to assist buyers to source custom-manufactured parts and assemblies and attain instant pricing and lead times.
- It operates Xometry marketplace, an AI powered online marketplace that connects buyers with suppliers of manufacturing services; Xometry instant quoting engine, which prices transactions based on volume, manufacturing process, material, and location; and Thomasnet, an industrial sourcing platform that features an online directory of industrial suppliers, products, and services, as well as digital marketing services and insights to manufacturers and industrial services providers.
- The company also provides cloud-based systems, such as Workcenter, a financial service product that facilitates payments and a cloud-based manufacturing execution system; and Teamspace, a cloud-based solution within the Xometry platform that enables customers to collaborate with other users on projects and custom part orders.
- In addition, it offers computer numerical control (“CNC”) machining, injection molding, 3D printing, sheet forming and cutting, die casting, urethane casting, tube cutting, and tube bending, as well as finishing, rapid prototyping, and production services.
- It serves the aerospace, industrial, medical devices, automotive, consumer goods, defense, government, energy, education, and robotics industries.
- The company was formerly known as NextLine Manufacturing Corp. and changed its name to Xometry, Inc. in June 2015.
- Xometry, Inc. was incorporated in 2013 and is headquartered in North Bethesda, Maryland.