Xometry, Inc. (NASDAQ:XMTR) Q1 2024 Earnings Call Transcript

Greg Palm : Yes. Okay. That makes sense. And I just want to dig in a little bit more to Q1 specifically, you were very clear. You guided initially Q1 based on what you saw in January and you outperformed above the previous range. So can you just give us some sense on what you saw in February and March? And then to be clear, can you give us a little bit color on what you’re seeing in April? And is the Q2 guide similar to how you guided last quarter where it’s based on what you’re seeing in April? Or is it more based on kind of what you’ve seen year-to-date and making some assumptions on sort of how May and June trends might play out?

James Miln: Yes. Thank you, Greg. It’s James. So yes, as we said, really pleased with the 24% year-over-year growth — it was better than expected as that large order activity improved from the early cost start that we talked about on the Q4 2023 earnings call. I think it really demonstrates our ability to execute. It remains an uncertain manufacturing environment. So as we look at our trend as we look at Q2 as well as taking into account the risks and uncertainties and opportunities in this environment, we built that into the guidance range for Q2.

Greg Palm: Okay. And any color on what you saw in April versus maybe February, March, Q1 in general?

Randolph Altschuler : No, we’re not going to provide more color on the monthly rate.

Greg Palm : Fair enough — all right. And best luck…

Randolph Altschuler : Thank you.

Operator: Thank you. This now concludes the meeting. Thank you for joining, and have a pleasant day.