Xometry shares hit record low on wider Q4 loss

Xometry

01/03/2023 19:12

** Shares of AI-powered manufacturer Xometry Inc  XMTR.O 
fall as much as 38.8% to hit a record low of $18.62
    ** Co posts Q4 net loss of $24.4 mln compared with a loss of
$23.9 mln a year earlier
    ** Wider loss was driven by $5.1 mln of stock-based
compensation and $1.5 mln in restructuring charges
    ** Co says it reduced headcount by about 6% in December and
expects to reduce operating expenses by about $8 mln on a
full-year basis
    ** XMTR sees Q1 2023 revenue between $100 mln and $102 mln
    ** Shares of XMTR fell 37.11% last year 

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))