: XOMETRY, INC. Reports Net Loss of $18.3 Million for Q1 2023
: XOMETRY, INC. Reports Net Loss of $18.3 Million for Q1 2023
By NewsInMInutes
Published - Aug 09, 2023, 01:57 PM ET
Last Updated - Aug 09, 2023, 01:57 PM EDT
XOMETRY, INC.(XMTR), a leading provider of manufacturing solutions, has released its unaudited condensed consolidated financial statements for the first quarter of 2023. The company reported a net loss of $18.3 million for the quarter, along with generating $105.3 million in revenue. The financial data provides insights into the company's performance and highlights its key financial metrics.
Net Income/Loss
During the first quarter of 2023, XOMETRY, INC. faced a net loss of $18.3 million. This marked a decrease compared to the previous year's net loss of $19.9 million during the same period. The net loss reflects the company's various operational expenses and external factors affecting its profitability.
Revenue