{"id":787473,"date":"2023-10-02T15:30:36","date_gmt":"2023-10-02T19:30:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/"},"modified":"2023-10-02T15:30:36","modified_gmt":"2023-10-02T19:30:36","slug":"shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/","title":{"rendered":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Oct.  02, 2023  (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Xometry, Inc.:<\/p>\n<p>On March 1, 2023, Xometry announced an adjusted EBITDA loss of $14.2 million for the fourth quarter of 2022 due to a \u201crevenue shortfall\u201d and \u201clower gross margins quarter-over-quarter.\u201d The Company blamed \u201cmacroeconomic factors\u201d including inflation that \u201cchanged\u201d supplier behavior and \u201cslowing demand.\u201d Further, the Company announced that it would be implementing a \u201c5-point strategic plan\u201d that included \u201caggressively\u201d reducing operating expenses. Xometry also announced its full year financial guidance for fiscal year 2023 which was significantly worse than analysts had been expecting, including an adjusted EBITDA loss of between $20 million and $22 million instead of the $7.3 million loss projected by analysts. Following this news, Xometry\u2019s stock price fell by $12.01 per share, or approximately 40%, to close at $18.40 per share.<\/p>\n<p>Due to the forgoing, The Gross Law Firm is investigating potential securities fraud claims on behalf of certain Xometry investors. If you incurred a loss on your XMTR investment, please contact us using the link below to discuss your rights.<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NC9361SXrEiY7IKAKCZ5f7aacsovhDbNiKwivbCUn1Rc46cpGcU37uE7yFOXDxu-sLU3atQ-rQIWQVif5_I2c-Hrgq_OmwwtPiLG7Iqb5KTXU06op71rrdFlaOEF4qRjAx_my6URFRLGLzwTfbqzsGZ9BRt5RwYIhSy6ry7clRTULGpalNCgHuT46gojFK2Yzq7NpizUofIX-yamW_w_byw8QIRmqrQvnbhZfskiCgkmVAgvH5AgP8-OMPZY2b9_GRqC1-j4go6PzHh17qNkrg==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/xometry-loss-submission-form\/?id=50073&amp;from=3<\/a>\n      <\/p>\n<p>\n        <strong>WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/>New York, NY, 10018<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1j2VOTRQ6795QIrtoDum-cfpplsnMjETMb0PnLwgakUMmAVEZHA7R8DYTZFHJXMPfagdsAtXeCfPdm1zbDCB2_c6jeMl-9GOwuQgVw1Z0aymqn9M5kO4M1JkO1goMrH7\" rel=\"nofollow noopener\" target=\"_blank\">dg@securitiesclasslaw.com<\/a><br \/>Phone: (646) 453-8903<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTI4MyM1ODQwMzMyIzIyNTg5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NjgyMTBhZDAtODIwYi00NmMwLWE4NTAtMmI3Y2RjYWNhYzc2LTEyNzA0Njc=\/tiny\/The-Gross-Law-Firm.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Xometry, Inc.: On March 1, 2023, Xometry announced an adjusted EBITDA loss of $14.2 million for the fourth quarter of 2022 due to a \u201crevenue shortfall\u201d and \u201clower gross margins quarter-over-quarter.\u201d The Company blamed \u201cmacroeconomic factors\u201d including inflation that \u201cchanged\u201d supplier behavior and \u201cslowing demand.\u201d Further, the Company announced that it would be implementing a \u201c5-point strategic plan\u201d that included \u201caggressively\u201d reducing operating expenses. Xometry also announced its full year financial guidance for fiscal year 2023 which was significantly worse than analysts had been expecting, including an adjusted EBITDA loss of between $20 million and $22 million instead of the $7.3 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787473","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Xometry, Inc.: On March 1, 2023, Xometry announced an adjusted EBITDA loss of $14.2 million for the fourth quarter of 2022 due to a \u201crevenue shortfall\u201d and \u201clower gross margins quarter-over-quarter.\u201d The Company blamed \u201cmacroeconomic factors\u201d including inflation that \u201cchanged\u201d supplier behavior and \u201cslowing demand.\u201d Further, the Company announced that it would be implementing a \u201c5-point strategic plan\u201d that included \u201caggressively\u201d reducing operating expenses. Xometry also announced its full year financial guidance for fiscal year 2023 which was significantly worse than analysts had been expecting, including an adjusted EBITDA loss of between $20 million and $22 million instead of the $7.3 &hellip; Continue reading &quot;SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T19:30:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTI4MyM1ODQwMzMyIzIyNTg5MTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR)\",\"datePublished\":\"2023-10-02T19:30:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\\\/\"},\"wordCount\":324,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkzMTI4MyM1ODQwMzMyIzIyNTg5MTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\\\/\",\"name\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR) - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR) - Market Newsdesk","og_description":"NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Xometry, Inc.: On March 1, 2023, Xometry announced an adjusted EBITDA loss of $14.2 million for the fourth quarter of 2022 due to a \u201crevenue shortfall\u201d and \u201clower gross margins quarter-over-quarter.\u201d The Company blamed \u201cmacroeconomic factors\u201d including inflation that \u201cchanged\u201d supplier behavior and \u201cslowing demand.\u201d Further, the Company announced that it would be implementing a \u201c5-point strategic plan\u201d that included \u201caggressively\u201d reducing operating expenses. Xometry also announced its full year financial guidance for fiscal year 2023 which was significantly worse than analysts had been expecting, including an adjusted EBITDA loss of between $20 million and $22 million instead of the $7.3 &hellip; Continue reading \"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-02T19:30:36+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTI4MyM1ODQwMzMyIzIyNTg5MTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR)","datePublished":"2023-10-02T19:30:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/"},"wordCount":324,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTI4MyM1ODQwMzMyIzIyNTg5MTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-xometry-inc-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-xmtr-3\/","name":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Xometry, Inc. of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: XMTR) - 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