Shares of Xometry, Inc. (XMTR) soared 5.03% in pre-market trading on Monday, following the company's better-than-expected third quarter financial results. The on-demand manufacturing marketplace reported revenue of $141.7 million for the quarter, surpassing analysts' estimates of $137.7 million.

While Xometry posted a net loss of $10.2 million, its adjusted earnings per share of $0.02 handily beat the consensus estimate for a loss of $0.02. The company's performance was driven by strong demand for its services as manufacturers increasingly seek agile and flexible supply chain solutions.

Looking ahead, Xometry provided an optimistic outlook, guiding for revenue between $145 million and $147 million in the fourth quarter, slightly above Wall Street projections of $145.9 million. The company's ability to continue delivering top-line growth while managing costs has buoyed investor sentiment, contributing to the pre-market rally.