Business Context and Reporting Period
This Form 8-K Current Report was filed by Xometry, Inc. on March 7, 2025, covering events occurring on March 3, 2025. The filing addresses a significant change in the Company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Dismissal of KPMG LLP: The Audit Committee approved the dismissal of KPMG LLP on March 3, 2025. KPMG was notified on March 4, 2025.
- Appointment of Deloitte & Touche LLP: The Audit Committee appointed Deloitte & Touche LLP as the new independent registered public accounting firm on March 3, 2025, subject to standard client acceptance procedures.
- Audit History: KPMG's audit reports for fiscal years 2023 and 2024 contained no adverse opinions, disclaimers, or qualifications regarding financial statements or internal controls.
- Disagreements and Reportable Events: There were no disagreements or reportable events between the Company and KPMG during the relevant periods, except for a previously disclosed material weakness in internal controls related to revenue and costs of revenue following the acquisition of Thomas Publishing, Inc. This weakness was fully remediated as of December 31, 2023.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. The primary risk disclosed is the transition of the external auditor, though the Company confirmed no unresolved accounting disagreements with the outgoing firm.
Investor Verification Checklist
- Verify the effective date of the new engagement with Deloitte & Touche LLP.
- Review the letter from KPMG LLP (Exhibit 16.1) for any additional context on the dismissal.
- Confirm the status of the previously remediated material weakness in internal controls in upcoming filings.
- Monitor future 10-Q or 10-K filings for the first audit opinion issued by Deloitte & Touche LLP.