Markforged Holding Corp

Markforged Holding Corp. engages in manufacturing, producing, and selling 3D printers and materials worldwide to customers. The company was founded in 2013 and is headquartered in Watertown, MA.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Markforged reports record revenues, aims for profitability by 2024

Markforged Holding Corp reported strong financial performance in Q4 2022, with record revenues and strategic growth initiatives.
While facing challenges such as geographic sales disparities and achieving profitability, the company is focused on innovation and cost controls.
Opportunities lie in continued market expansion, reducing cash burn, and launching new products to drive revenue growth.
Guidance for fiscal year 2023 indicates a path towards improved financial performance and reaching breakeven by 2024.

Markforged reports strong Q1 revenue growth amidst cautious optimism

Markforged reported solid Q1 2023 performance with revenue growth and a focus on innovation and efficiency.
While facing challenges like a projected EPS loss, the company remains cautiously optimistic amidst uncertainties.
Opportunities in aerospace applications and market expansion present avenues for future growth and revenue enhancement.
Management's proactive approach and market acceptance of their products position Markforged for continued success and resilience.

Markforged Holding Corp reports steady Q2 performance amidst growth focus

Markforged Holding Corp's Q2 2023 performance reflects a mix of steady revenue, cost management efforts, and strategic focus on innovation and market opportunities.
While facing challenges in achieving profitability, the company's emphasis on product innovation and maintaining financial guidance showcases resilience and growth potential.
Investors should monitor Markforged Holding Corp's progress in addressing operational challenges and capitalizing on market opportunities to drive long-term value.

Markforged Holding Corp faces challenges but eyes growth opportunities in 2024

Markforged Holding Corp's Q3 2023 performance was impacted by macroeconomic uncertainty and increased interest rates, leading to a net loss of $13.8 million, prompting cost reduction efforts and a restructuring initiative.
Despite challenges, the company maintains revenue guidance of $90-95 million for 2023, focuses on balancing revenue and expenses, and anticipates growth in 2024 through new products and cost reduction measures.
Opportunities lie in market expansion through new product offerings, service revenue growth, and leveraging the digital forge to reduce costs for manufacturers, positioning the company for long-term success.
Navigating delays in large deals and internal restructuring challenges will be key for Markforged Holding Corp to overcome short-term obstacles and drive sustainable business growth amidst market uncertainties.

Markforged reports robust Q4 growth, eyes profitability through innovation

Markforged's Q4 performance reflects strong revenue growth, margin expansion, and strategic positioning for future growth.
The company's focus on additive manufacturing, new product introductions, and partnerships highlights its commitment to innovation and market leadership.
While challenges in achieving profitability persist, Markforged's opportunities lie in capitalizing on market demand, expanding partnerships, and driving revenue growth.

Markforged reports resilient Q1 performance amidst legal challenges and growth opportunities

Markforged Holding Corp (MKFG) showcased resilience and progress in Q1 2024 despite revenue decline and legal challenges.
The company's focus on new products and market adoption, along with improved financial metrics, signals a path to recovery.
While facing patent lawsuit hurdles, Markforged remains optimistic about growth opportunities and financial stability.
Strategic decisions to overturn the verdict and drive revenue growth will be crucial for Markforged's future success.

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Markforged Holding Corp. engages in manufacturing, producing, and selling 3D printers and materials worldwide to customers. The company was founded in 2013 and is headquartered in Waltham, MA.

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG) (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Results Compared To Fourth Quarter 2022 Revenue was $24.2 million, up 20.4% sequentially from the third quarter of 2023, and down from $29.7 million in the fourth quart.

Markforged Announces Fourth Quarter and Full-Year 2023 Results

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced today that it will release its financial results for the fourth quarter ended December 31, 2023, after the market closes on Thursday, March 7, 2024. The Company will host a webcast and conference call at 5:00 PM ET on the same day to discuss the results. Participants may access the earnings press release, related materials.

Markforged Sets Reporting Date for Fourth Quarter 2023 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG) (“Markforged” or “the Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, was notified on November 17, 2023 by the New York Stock Exchange (“NYSE”) that the Company is not in compliance with Rule 802.01C of the NYSE's Listed Company Manual (“Rule 802.01C”) relating to the minimum average closing price of the Company's common stock required over a consecu.

Markforged Receives Continued Listing Standards Notice from the NYSE

Markforged Holding Corporation (NYSE:MKFG ) Q3 2023 Earnings Conference Call November 13, 2023 5:00 PM ET Company Participants Austin Bohlig - Director, IR Shai Terem - President, CEO Assaf Zipori - CFO Conference Call Participants Greg Palm - Craig-Hallum Capital Group Jacob Stephan - Lake Street Capital Markets Blake Keating - William Blair Operator Greetings, and welcome to the Markforged Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Markforged Holding Corporation (MKFG) Q3 2023 Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG) (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Financial Results Compared To Third Quarter 2022 Revenue was $20.1 million compared to $25.2 million. Gross margin was 45.7% compared to 48.6%. Non-GAAP gross margin was 46.9% c.

Markforged Announces Third Quarter 2023 Results

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today unveiled its newest industrial 3D printer, the FX10. Continuing Markforged's heritage of reliable printers that deliver strong, precise parts, the FX10 is designed to supercharge manufacturing line productivity and profitability. The FX10 empowers users to print the right part when and where it is needed, r.

Markforged Introduces FX10, The Most Versatile Tool Designed For The Factory Floor

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today released Vega™, an ultra high performance filament designed for aerospace manufacturing on Markforged's FX20™ printer. Vega not only offers exceptional strength but also is expected to bring customers substantial advantages in weight reduction, cost efficiency, and lead time savings. Vega builds upon Markfo.

Markforged Releases Vega™, an Ultra High Performance Material Designed for 3D Printing Aerospace Components on the FX20™

Markforged Holding Corporation (MKFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Markforged Holding Corporation (MKFG) Report Negative Earnings Next Week? What You Should Know

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG) (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced preliminary financial results for the third quarter ended September 30, 2023. Revenue for the third quarter was approximately $20 million, and the Company ended the September quarter with a cash, cash equivalent, and short-term investment balance of approximately $126 million. Macr.

Markforged Schedules Third Quarter 2023 Earnings Announcement; Provides Preliminary Third Quarter Results and Updates 2023 Revenue Guidance

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announces Digital Source, an on-demand parts platform built to enable the licensing and 3D-printing of manufacturer-certified parts when and where they are needed, without the cost or hassle of physical inventory management. Digital Source allows vendors to upload digital part designs which can be securely.

Markforged Unlocks The Future Of Distributed Manufacturing, Enabling Manufacturer-Certified Parts To Be Licensed And Printed At The Point Of Need

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, will host its 2023 Investor Day on Tuesday, September 19, 2023 starting at 12:00 PM ET at its Global Headquarters located at 60 Tower Road in Waltham, Massachusetts. The event will include product demonstrations, company presentations from management, an overview of an innovation, and panel discussions from existi.

Markforged to Host 2023 Investor Day

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Markforged Holding Corporation (NYSE:MKFG ) Q2 2023 Results Conference Call August 10, 2023 5:00 PM ET Company Participants Austin Bohlig - Director, IR Shai Terem - President, CEO Assaf Zipori - CFO Conference Call Participants Shannon Cross - Credit Suisse Brian Drab - William Blair Operator Greetings, and welcome to the Markforged's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Markforged Holding Corporation (MKFG) Q2 2023 Earnings Call Transcript

Markforged Holding Corporation (MKFG) came out with a quarterly loss of $0.07 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.09 per share a year ago.

Markforged Holding Corporation (MKFG) Reports Q2 Loss, Tops Revenue Estimates

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG) (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its results from the second quarter ended June 30, 2023. Financial Highlights Revenue increased by 5%, to $25.4 million, in the second quarter of 2023 from $24.2 million in the second quarter of 2022. Gross profit was $12.0 million in the second quarter of 2023 compared to $12.9 mi.

Markforged Announces Second Quarter 2023 Results

3D printers have the ability to disrupt and advance manufacturing capabilities. Markforged is well positioned in the industry. Markforged is a leading manufacturer of printers and software. It also generates recurring revenue through the sale of materials. The company has recently seen growth slow and gross margins decrease. It hopes these can be remedied in the near future.

Printing Money With Markforged?

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged announced that it will release its financial results for the second quarter ended June 30, 2023, on August 10, 2023.

Markforged Sets Reporting Date for Second Quarter 2023 Financial Results

Markforged Holding Corporation, a 3D printing company, has not performed all that well as of late, despite having a significant amount of cash and cash equivalents on its books. The company's shares have plunged 19.4% since January, but its revenue has been growing, with Q1 2023 revenue at $24.1 million, up from $21.9 million the previous year. Despite operational challenges, Markforged is making progress on its top and bottom lines and could reach fair value with minimal profitability, warranting a more neutral outlook as opposed to negative.

Markforged Holding Corporation: More Patience Is Required

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged announced the appointments of Aaron VanDevender to the Board of Directors and Board Chairman Alan Masarek to the Compensation Committee.

Markforged Announces Changes to the Board of Directors

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged announced that Mark Schwartz will be stepping down as CFO. Assaf Zipori will temporarily assume the role of Acting Chief Financial Officer.

Markforged Announces CFO Transition

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged Holding Corporation (NYSE: MKFG) (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its results from the first quarter ended March 31, 2023. Financial Highlights Revenue increased by 10%, to $24.1 million, in the first quarter of 2023 from $21.9 million in the first quarter of 2022. Gross profit remained stable generating $11.6 million in the first quarters of 202.

Markforged Announces First Quarter 2023 Results

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced that it will release its financial results for the first quarter ended March 31st, 2023, after the market closes on Thursday, May 11, 2023. The Company will host a webcast and conference call at 5:00 PM ET on the same day to discuss the results.

Markforged Sets Reporting Date for First Quarter 2023 Financial Results

Markforged meets earnings expectations in Q4 but remains unprofitable. Sales continue to gain traction but the company continues to fall short of its cost-cutting initiatives.

Markforged: Injection Of Growth Needed To Price Shares Higher

WALTHAM, Mass.--(BUSINESS WIRE)--Markforged (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced it has completed the transition to its new Global Headquarters at 60 Tower Road in Waltham, Massachusetts. The new Markforged Global Headquarters can accommodate over 500 employees and includes an interactive product showroom and state-of-the-art engineering labs.

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