Xometry's stock shows strength again and is likely to continue its trend soon!
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Xometry is a provider of B2B procurement software and describes itself as "a leading AI-powered marketplace for the digitalization of manufacturing." The B2B software market is experiencing significant growth and is approximately $275 billion in size. However, it is penetrated by Xometry at less than 1%. On November 4, the company impressed with strong numbers for Q3 and raised its annual forecast to a revenue of $678 million after a record quarter. Additionally, the adjusted EBITDA was positive in Q3. This suggests that Xometry is not only growing...
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