Brief: Xometry Reports Fourth Quarter And Full Year 2022 Results

Xometry

01/03/2023 15:07

Xometry Inc  XMTR.O :
    * XOMETRY REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS
    * QTRLY LOSS PER SHARE $0.51
    * SEES Q1 2023 REVENUE BETWEEN $100.0 MILLION - $102.0
MILLION
    * QTRLY ADJUSTED LOSS PER SHARE $0.29
    * Q4 EARNINGS PER SHARE VIEW $-0.23, REVENUE VIEW $104.3
MILLION
-- REFINITIV IBES DATA
    * Q1 REVENUE VIEW $112.8 MILLION -- REFINITIV IBES DATA
    * SEES FY 2023 REVENUE BETWEEN $470.0 MILLION - $480.0
MILLION
    * FY2023 REVENUE VIEW $515.9 MILLION -- REFINITIV IBES DATA
    * IN DECEMBER 2022, INITIATED RESTRUCTURING ACTION TO HELP
MANAGE
OPERATING EXPENSES BY REDUCING WORKFORCE BY APPROXIMATELY 6%
    * FOR YEAR ENDED DECEMBER 31, 2022, INCURRED $1.5 MILLION
FOR
EMPLOYEE TERMINATION COSTS RELATED TO THIS RESTRUCTURING
    * EXPECT REDUCTION IN WORKFORCE WILL REDUCE OPERATING
EXPENSES BY
APPROXIMATELY $8.0 MILLION ON A FULL YEAR BASIS
    * MAJORITY OF RESTRUCTURING RELATED COSTS WILL BE PAID BY
COMPANY
IN Q1 OF 2023

Source text for Eikon:  ID:nGNX7pS7SV 
Further company coverage:  XMTR.O