Welcome to our dedicated page for Markforged Holding Corporation news (Ticker: MKFG), a resource for investors and traders seeking the latest updates and insights on Markforged Holding Corporation stock.
Markforged Holding Corporation (NYSE: MKFG) is a public manufacturing company that focuses on industrial 3D printing and additive manufacturing. Company news frequently emphasizes how its platform, The Digital Forge, brings industrial 3D printing directly to the factory floor, enabling the production of strong, accurate parts in metal and advanced composites at the point of need.
News about Markforged often covers product and technology announcements. Recent releases describe the FX10 Metal Kit, which adds metal printing capability to the FX10 industrial 3D printer so it can print both metal filaments and composites with continuous fiber reinforcement. Markforged has also announced new metal filaments such as 316L stainless steel for use with its systems, along with details about the associated wash and sinter workflow managed through its Eiger software.
Investors and industry observers will also find corporate and capital markets updates in MKFG news. The company has announced a 1-for-10 reverse stock split intended to help maintain NYSE listing requirements, and it regularly reports quarterly and annual financial results with both GAAP and non-GAAP metrics. Markforged has explained how it defines non-GAAP gross margin, non-GAAP operating profit (loss) and non-GAAP net profit (loss) and provides reconciliations in its financial tables.
Another key theme in Markforged news is strategic transactions and legal developments. The company has announced a definitive agreement for an all-cash acquisition by Nano Dimension Ltd., under which Markforged would become an indirect wholly owned subsidiary, subject to stockholder and regulatory approvals. Related news items discuss litigation filed by Desktop Metal, Inc. concerning this pending merger and the subsequent voluntary dismissal of Markforged from that action. Additional releases describe the settlement of patent litigation with Continuous Composites Inc. through a Settlement and Patent License Agreement.
For readers following MKFG, the news stream provides insight into Markforged’s technology roadmap, financial reporting, corporate actions and legal matters that affect its additive manufacturing business.
Markforged (NYSE: MKFG) announced Q2 2024 financial results and a $25M cost reduction initiative. Key highlights:
- Revenue: $21.7M (vs $25.4M in Q2 2023)
- Gross margin: 50.2% (vs 47.0%)
- Net loss: $14.4M (vs $19.0M)
- Cash and equivalents: $93.9M
The company shipped its first PX100 metal binder jetting system and accelerated FX10 shipments. Markforged updated its 2024 outlook, expecting revenues between $90-95M and non-GAAP gross margins in the upper range of 48-50%. The company anticipates returning to year-over-year revenue growth in H2 2024.
Markforged (NYSE: MKFG), a company focused on strengthening manufacturing resiliency through point-of-need industrial production, has announced its upcoming financial results release for the second quarter of 2024. The company will disclose its Q2 2024 financial results, covering the period ending June 30, 2024, after market close on Thursday, August 8, 2024.
Following the release, Markforged will host a webcast and conference call at 5:00 PM ET on the same day to discuss the results. Interested parties can access the earnings press release, related materials, and audio webcast through the company's investor relations website. For those preferring to participate via phone, dial-in numbers are provided.
Markforged Holding (NYSE: MKFG) announced its first quarter 2024 financial results, reporting revenue of $20.5 million, gross margin of 49.3%, and net loss of $35.9 million. The company started the year with strong execution, shipping the FX10 3D printer and focusing on operational efficiencies. Despite a patent verdict and appointment of a new director, Markforged reiterates its 2024 guidance.
Markforged (NYSE: MKFG) will release its financial results for the first quarter ended March 31, 2024, on May 8, 2024. The company will host a webcast and conference call to discuss the results. Participants can access the earnings press release and the audio webcast via the investors section of the Company's website. A replay will be available for those unable to listen live.
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