XMTR Xometry Inc

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 09, 2024

 

 

Xometry, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware			001-40546	32-0415449
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
6116 Executive Blvd, Suite 800
North Bethesda, Maryland				20852
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (240) 252-1138

 

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, par value $0.000001 per share		XMTR		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

---

Item 2.02 Results of Operations and Financial Condition.

 

On May 9, 2024, Xometry, Inc. (the “Company”) issued a press release announcing its first quarter financial results for the quarterly period ended March 31, 2024. A copy of the press release is furnished as Exhibit 99.1 to this report.

 

The information set forth under this Item 2.02 and in the accompanying Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Press Release of Xometry, Inc. issued on May 9, 2024.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			XOMETRY, INC.
Date:	May 9, 2024	By:	/s/ Randolph Altschuler
			Randolph Altschuler Chief Executive Officer

 

---

Exhibit 99.1

Xometry Reports First Quarter 2024 Results

 

 

 

NORTH BETHESDA, MD., May 9, 2024 /Globe Newswire/-- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the first quarter ended March 31, 2024.

“Powered by AI, our marketplace continues to gain significant market share as buyers and suppliers realize the value, convenience and resiliency of our platform,” said Randy Altschuler, Xometry’s CEO. “In Q1 2024, we delivered better than expected revenue driven by strong 24% marketplace revenue growth. Marketplace growth was driven by robust 32% growth in Active Buyers. We expect our current initiatives to continue to drive long-term growth.”

 

“We delivered strong marketplace gross margin expansion to a record 32% and improved our Q1 Adjusted EBITDA loss by 37% year-over-year,” said James Miln, Xometry’s CFO. “We expect to continue to improve our year-over-year progress towards profitability in 2024 through operating leverage, partly offset by international and enterprise growth investments.”

First Quarter 2024 Financial Highlights

 

---

 

First Quarter 2024 Business Highlights

Financial Summary

(In thousands, except per share amounts)

(Unaudited)

 

		For the Three Months Ended March 31,
		2024				2023				% Change
Consolidated
Revenue		$	122,690			$	105,326				16	%
Gross profit			47,902				39,369				22	%
Net loss attributable to common stockholders			(16,616	)			(18,344	)			9	%
EPS, basic and diluted, of Class A and Class B common stock			(0.34	)			(0.38	)			11	%
Adjusted EBITDA(1)			(7,459	)			(11,767	)			37	%
Non-GAAP net loss(1)			(5,742	)			(9,766	)			41	%
Non-GAAP EPS, basic and diluted(1), of Class A and Class B common stock			(0.12	)			(0.20	)			40	%
Marketplace
Revenue		$	107,186			$	86,680				24	%
Cost of revenue			72,907				61,747				(18	)%
Gross Profit		$	34,279			$	24,933				37	%
Gross Margin			32.0	%			28.8	%			3.2	%
Supplier services
Revenue		$	15,504			$	18,646				(17	)%
Cost of revenue			1,881				4,210				55	%
Gross Profit		$	13,623			$	14,436				(6	)%
Gross Margin			87.9	%			77.4	%			10.5	%

 

---

Key Operating Metrics(2):

		As of March 31,
		2024				2023				% Change
Active Buyers(3)			58,504				44,451				32	%
Percentage of Revenue from Existing Accounts(3)			95	%			96	%
Accounts with Last Twelve-Months Spend of at Least $50,000(3)			1,381				1,109				25	%
Active Paying Suppliers(3)(4)			7,159				7,621				(6	)%

 

 

Financial Guidance and Outlook:

		Q2 2024
		(in millions)
		Low				High
Revenue		$	127			$	129
Adjusted EBITDA		$	(8	)		$	(6	)

 

Xometry’s second quarter 2024 and full year 2024 financial outlook is based on a number of assumptions that are subject to change and many of which are outside of its control. If actual results vary from these assumptions, Xometry’s expectations may change. There can be no assurance that Xometry will achieve these results.

Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss, the most directly comparable GAAP measure, is not available without unreasonable efforts due to the high variability and complexity and low visibility with respect to the charges excluded from this non-GAAP measure; in particular, the effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in Xometry’s stock price. Xometry expects the variability of the above charges to have a significant, and potentially unpredictable, impact on its future GAAP financial results.

Use of Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), Xometry, Inc. (“Xometry”, the “Company”, “we” or “our”) uses Adjusted EBITDA, non-GAAP net loss and non-GAAP Earnings Per Share basic and diluted, which are considered non-GAAP financial measures, as described below. These non-GAAP financial measures are presented to enhance the user’s overall understanding of Xometry’s financial performance and should not be considered a substitute for, nor superior to, the financial information prepared and presented in accordance with GAAP. The non-GAAP financial measures presented in this release, together with the GAAP financial results, are the primary measures used by the Company’s management and board of directors to understand and evaluate the Company’s financial performance and operating trends, including period-to-period comparisons, because they exclude certain expenses and gains that management believes are not indicative of the Company’s core operating results. Management also uses these measures to

---

prepare and update the Company’s short and long term financial and operational plans, to evaluate investment decisions, and in its discussions with investors, commercial bankers, equity research analysts and other users of the Company’s financial statements. Accordingly, the Company believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating the Company’s operating results in the same manner as the Company’s management and in comparing operating results across periods and to those of Xometry’s peer companies. In addition, from time to time we may present adjusted information (for example, revenue growth) to exclude the impact of certain gains, losses or other changes that affect period-to-period comparability of our operating performance.

The use of non-GAAP financial measures has certain limitations because they do not reflect all items of income and expense, or cash flows, that affect the Company’s financial performance and operations. Additionally, non-GAAP financial measures do not have standardized meanings, and therefore other companies, including peer companies, may use the same or similarly named measures but exclude or include different items or use different computations. Management compensates for these limitations by reconciling these non-GAAP financial measures to their most comparable GAAP financial measures in the tables captioned “Reconciliations of Non-GAAP Financial Measures” included at the end of this release. Investors and others are encouraged to review the Company’s financial information in its entirety and not rely on a single financial measure.

 

Key Terms for our Key Metrics and Non-GAAP Financial Measures

 

Marketplace revenue: includes the sale of parts and assemblies on our platform.

 

Supplier service revenue: includes the sales of marketing and advertising services and, to a lesser extent, financial service products, SaaS-based solutions and the sale of tools and materials, which was discontinued during the second quarter of 2023.

 

Active Buyers: The Company defines “buyers” as individuals who have placed an order to purchase on-demand parts or assemblies on our marketplace. The Company defines Active Buyers as the number of buyers who have made at least one purchase on our marketplace during the last twelve months. We adjusted the number of our Q1 2023 active buyers in 2024 to reflect an immaterial correction.

 

Active Suppliers: The Company defines “suppliers” as individuals or businesses that have been approved by us to either manufacture a product on our platform for a buyer or have utilized our supplier services, including our digital marketing services, data services, financial services or tools and materials. The Company defines Active Suppliers as suppliers that have used our platform at least once during the last twelve months to manufacture a product or buy tools or materials.

 

Percentage of Revenue from Existing Accounts: The Company defines an “account” as an individual entity, such as a sole proprietor with a single buyer or corporate entities with multiple buyers, having purchased at least one part on our marketplace. The Company defines an existing account as an account where at least one buyer has made a purchase on our marketplace.

 

Accounts with Last Twelve-Month Spend of At Least $50,000: The Company defines Accounts with Last Twelve-Month Spend of At Least $50,000 as an account that has spent at least $50,000 on our marketplace in the most recent twelve-month period.

 

Active Paying Suppliers: The Company defines Active Paying Suppliers as individuals or businesses who have purchased one or more of our supplier services, including digital marketing services, data services, financial services or tools and materials on our platforms, during the last twelve months.

 

Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA): The Company defines Adjusted EBITDA as net loss, adjusted for interest expense, interest and dividend income and other (expenses) income, provision for income taxes, and certain other non-cash or non-recurring items impacting net loss from time to time, principally comprised of depreciation and amortization, amortization of lease intangible, stock-based compensation, charitable contributions of common stock, income from unconsolidated joint venture, impairment of assets, and acquisition and other adjustments not reflective of the

---

Company’s ongoing business, such as adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.

 

Non-GAAP net loss: The Company defines non-GAAP net loss as net loss adjusted for depreciation and amortization, stock-based compensation, amortization of lease intangible, amortization of deferred costs on convertible notes, loss on sale of property and equipment, charitable contributions of common stock, impairment of assets, and acquisition and other adjustments not reflective of the Company’s ongoing business, such as adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.

 

Non-GAAP Earnings Per Share, basic and diluted (Non-GAAP EPS, basic and diluted): The Company calculates non-GAAP earnings per share, basic and diluted as non-GAAP net loss divided by weighted average number of shares of common stock outstanding.

 

Management believes that the exclusion of certain expenses and gains in calculating Adjusted EBITDA, non-GAAP net loss and non-GAAP EPS, basic and diluted provides a useful measure for period-to-period comparisons of the Company’s underlying core revenue and operating costs that is focused more closely on the current costs necessary to operate the Company’s businesses and reflects its ongoing business in a manner that allows for meaningful analysis of trends. Management also believes that excluding certain non-cash charges can be useful because the amount of such expenses is the result of long-term investment decisions made in previous periods rather than day-to-day operating decisions.

 

---

About Xometry

Xometry’s (NASDAQ:XMTR) AI-powered marketplace, popular Thomasnet® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the $2 trillion manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of pieces 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 www.xometry.com or follow @xometry.

Conference Call and Webcast Information

The Company will host a conference call and webcast to discuss the results at 8:30 a.m. ET (5:30 a.m. PT) on May 9, 2024. In addition to its press release announcing its first quarter 2024 financial results, Xometry will release an earnings presentation, which will be available on its investor website at investors.xometry.com.

Xometry, Inc. First Quarter 2024 Earnings Presentation and Conference Call

Cautionary Information Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. 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. Forward-looking statements in this press release include, but are not limited to, our beliefs regarding our financial position and operating performance, including our outlook and guidance for the second quarter and full year of 2024, our expectations regarding our full year marketplace and supplier services revenue; and statements regarding our strategy, products and platform capabilities. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks and uncertainties related to: competition, managing our growth, financial performance, our ability to forecast our performance due to our limited operating history, investments in new products or offerings, our ability to attract buyers and sellers to our marketplace, legal proceedings and regulatory matters and developments, any future changes to our business or our financial or operating model, our brand and reputation, and the impact of fluctuations in general macroeconomic conditions, such as fluctuations in inflation and rising interest rates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties that could cause actual results to differ from the results predicted, including those more fully described in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023, our Quarterly Reports on Form 10-Q, and other filings and reports that we may file from time to time with the SEC. 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 we disclaim any obligation to update any forward-looking statements, except as required by law.

Investor Contact:	Media Contact:
Shawn Milne VP Investor Relations 240-335-8132 shawn.milne@xometry.com	Matthew Hutchison Corporate Communications for Xometry 415-583-2119 matthew.hutchison@xometry.com

 

---

Xometry, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands, except share and per share data)

(Unaudited)

		March 31,				December 31,
		2024				2023
Assets
Current assets:
Cash and cash equivalents		$	45,701			$	53,424
Marketable securities			208,078				215,352
Accounts receivable, less allowance for credit losses of $2.4 million and $2.4 million as of March 31, 2024 and December 31, 2023			69,324				70,102
Inventory			2,890				2,885
Prepaid expenses			5,998				5,571
Other current assets			9,366				8,897
Total current assets			341,357				356,231
Property and equipment, net			37,579				35,637
Operating lease right-of-use assets			11,152				12,251
Investment in unconsolidated joint venture			4,211				4,114
Intangible assets, net			34,856				35,768
Goodwill			262,827				262,915
Other assets			489				471
Total assets		$	692,471			$	707,387
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable		$	13,989			$	24,710
Accrued expenses			46,193				41,845
Contract liabilities			9,613				7,357
Income taxes payable			2,208				2,484
Operating lease liabilities, current portion			6,731				6,799
Total current liabilities			78,734				83,195
Convertible notes			282,234				281,769
Operating lease liabilities, net of current portion			9,345				10,951
Deferred income taxes			275				275
Other liabilities			288				778
Total liabilities			370,876				376,968
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively			—				—
Class A Common stock, $0.000001 par value. Authorized; 750,000,000 shares; 46,010,987 shares and 45,489,379 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively			—				—
Class B Common stock, $0.000001 par value. Authorized; 5,000,000 shares; 2,676,154 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively			—				—
Additional paid-in capital			656,554				648,317
Accumulated other comprehensive income			381				855
Accumulated deficit			(336,488	)			(319,872	)
Total stockholders’ equity			320,447				329,300
Noncontrolling interest			1,148				1,119
Total equity			321,595				330,419
Total liabilities and stockholders’ equity		$	692,471			$	707,387

 

 

---

Xometry, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive Loss

(In thousands, except share and per share amounts)

(Unaudited)

		Three Months Ended March 31,
		2024				2023
Revenue		$	122,690			$	105,326
Cost of revenue			74,788				65,957
Gross profit			47,902				39,369
Sales and marketing			27,200				22,439
Operations and support			14,047				12,608
Product development			9,590				8,125
General and administrative			14,922				15,957
Impairment of assets			-				27
Total operating expenses			65,759				59,156
Loss from operations			(17,857	)			(19,787	)
Other income (expenses)
Interest expense			(1,189	)			(1,198	)
Interest and dividend income			2,732				2,695
Other (expenses) income			(387	)			17
Income from unconsolidated joint venture			97				66
Total other income			1,253				1,580
Loss before income taxes			(16,604	)			(18,207	)
Provision for income taxes			-				(136	)
Net loss			(16,604	)			(18,343	)
Net income attributable to noncontrolling interest			12				1
Net loss attributable to common stockholders		$	(16,616	)		$	(18,344	)
Net loss per share, basic and diluted, of Class A and Class B common    stock		$	(0.34	)		$	(0.38	)
Weighted-average number of shares outstanding used to compute    net loss per share, basic and diluted, of Class A and Class B    common stock			48,577,980				47,699,561
Net loss		$	(16,604	)		$	(18,343	)
Comprehensive loss:
Foreign currency translation			(457	)			135
Total other comprehensive (loss) income			(457	)			135
Comprehensive loss			(17,061	)			(18,208	)
Comprehensive income attributable to noncontrolling interest			29				5
Total comprehensive loss attributable to common stockholders		$	(17,090	)		$	(18,213	)

 

 

---

Xometry, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

		Three Months Ended March 31,
		2024				2023
Cash flows from operating activities:
Net loss		$	(16,604	)		$	(18,343	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			3,153				2,566
Impairment of assets			—				27
Reduction in carrying amount of right-of-use asset			1,096				1,935
Stock based compensation			6,036				4,694
Revaluation of contingent consideration			137				—
Income from unconsolidated joint venture			(97	)			(66	)
Donation of common stock			343				370
Loss on sale of property and equipment			—				91
Amortization of deferred costs on convertible notes			464				466
Deferred taxes benefit			—				(23	)
Changes in other assets and liabilities:
Accounts receivable, net			532				(2,804	)
Inventory			(40	)			133
Prepaid expenses			(433	)			185
Other assets			(442	)			(3,687	)
Accounts payable			(10,649	)			(503	)
Accrued expenses			4,440				(2,119	)
Contract liabilities			2,277				1,436
Lease liabilities			(1,671	)			(970	)
Income taxes payable			(276	)			157
Net cash used in operating activities			(11,734	)			(16,455	)
Cash flows from investing activities:
Purchases of marketable securities			(2,726	)			(2,688	)
Proceeds from sale of marketable securities			10,000				—
Purchases of property and equipment			(4,347	)			(4,186	)
Proceeds from sale of property and equipment			—				223
Cash paid for business combination, net of cash acquired			—				(3,349	)
Net cash provided by (used in) investing activities			2,927				(10,000	)
Cash flows from financing activities:
Proceeds from stock options exercised			1,233				483
Net cash provided by financing activities			1,233				483
Effect of foreign currency translation on cash and cash equivalents			(149	)			15
Net decrease in cash and cash equivalents			(7,723	)			(25,957	)
Cash and cash equivalents at beginning of the period			53,424				65,662
Cash and cash equivalents at end of the period		$	45,701			$	39,705
Supplemental cash flow information:
Cash paid for interest		$	1,438			$	1,438
Non-cash investing and financing activities:
Non-cash purchase of property and equipment			—				78
Non-cash consideration in connection with business combination			—				1,593

 

 

---

Xometry, Inc. and Subsidiaries

Reconciliations of Non-GAAP Financial Measures

(In thousands, except share and per share amounts)

(Unaudited)

		For the Three Months Ended March 31,
		2024				2023
Adjusted EBITDA:
Net loss		$	(16,604	)		$	(18,343	)
Add (deduct):
Interest expense, interest and dividend income and other (expenses) income			(1,156	)			(1,514	)
Depreciation and amortization(1)			3,153				2,566
Amortization of lease intangible			180				333
Provision for income taxes			—				136
Stock-based compensation(2)			6,036				4,694
Acquisition and other(3)			686				30
Charitable contribution of common stock			343				370
Income from unconsolidated joint venture			(97	)			(66	)
Impairment of assets			—				27
Adjusted EBITDA		$	(7,459	)		$	(11,767	)

 

		For the Three Months Ended March 31,
		2024				2023
Non-GAAP Net Loss:
Net loss		$	(16,604	)		$	(18,343	)
Add (deduct):
Depreciation and amortization(1)			3,153				2,566
Stock-based compensation(2)			6,036				4,694
Amortization of lease intangible			180				333
Amortization of deferred costs on convertible notes			464				466
Acquisition and other(3)			686				30
Loss on sale of property and equipment			—				91
Charitable contribution of common stock			343				370
Impairment of assets			—				27
Non-GAAP Net Loss		$	(5,742	)		$	(9,766	)
Weighted-average number of shares outstanding used to compute Non-GAAP Net Loss per share, basic and diluted, of Class A and Class B common stock			48,577,980				47,699,561
EPS, basic and diluted, of Class A and Class B common stock		$	(0.34	)		$	(0.38	)
Non-GAAP EPS, basic and diluted, of Class A and Class B common stock		$	(0.12	)		$	(0.20	)

 

 

 

---

Xometry, Inc. and Subsidiaries

Segment Results

(In thousands)

(Unaudited)

 

		For the Three Months Ended March 31,
		2024				2023
Segment Revenue:
U.S.		$	103,363			$	93,903
International			19,327				11,423
Total revenue		$	122,690			$	105,326
Segment Net Loss:
U.S.		$	(11,818	)		$	(12,937	)
International			(4,798	)			(5,407	)
Total net loss attributable to common stockholders		$	(16,616	)		$	(18,344	)

 

 

 

Xometry, Inc. and Subsidiaries

Supplemental Information

(In thousands)

(Unaudited)

 

		For the Three Months Ended March 31,
		2024				2023
Summary of Stock-based Compensation Expense
Sales and marketing		$	1,520			$	1,052
Operations and support			2,092				1,697
Product development			1,416				1,076
General and administrative			1,008				869
Total stock-based compensation expense		$	6,036			$	4,694
Summary of Depreciation and Amortization Expense
Cost of revenue		$	185			$	44
Sales and marketing			797				791
Operations and support			36				12
Product development			1,913				1,311
General and administrative			222				408
Total depreciation and amortization expense		$	3,153			$	2,566

 

---

v3.24.1.u1

Document And Entity Information	May 09, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	May 09, 2024
Entity Registrant Name	Xometry, Inc.
Entity Central Index Key	0001657573
Entity Emerging Growth Company	false
Entity File Number	001-40546
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0415449
Entity Address, Address Line One	6116 Executive Blvd, Suite 800
Entity Address, City or Town	North Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20852
City Area Code	(240)
Local Phone Number	252-1138
Entity Information, Former Legal or Registered Name	Not applicable
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A common stock, par value $0.000001 per share
Trading Symbol	XMTR
Security Exchange Name	NASDAQ

---