Markforged Holding Corporation Stock Price, News & Analysis

Markforged Holding Corporation (NYSE: MKFG) operates in the manufacturing sector, within the computer terminal and other computer peripheral equipment manufacturing industry. According to company disclosures, Markforged focuses on strengthening manufacturing resiliency by enabling industrial production at the point of need through its additive manufacturing platform.

Markforged describes its core platform, The Digital Forge, as an industrial 3D printing ecosystem that brings production directly to the factory floor. The platform is built around hardware, software and advanced materials that are designed together to allow manufacturers to create strong, accurate parts in both metal and advanced composites. Company materials state that The Digital Forge is intended to integrate into existing manufacturing environments and support on-demand industrial production.

The company reports having a global customer base. In multiple releases, Markforged notes that it has over 10,000 customers in more than 70 countries. Earlier descriptions also highlight that organizations such as NASA, Google, Ford, Amazon, Siemens and thousands of other companies in dozens of countries have used Markforged technology for same-day prototypes and end-use parts. These references underscore that Markforged’s systems are used by a broad range of industrial and technology-focused customers.

Markforged is headquartered in Waltham, Massachusetts, where it states that it designs the hardware, software and advanced materials that power The Digital Forge. The company’s stock trades on the New York Stock Exchange under the ticker MKFG. Markforged has also communicated that it operates as a public company and has filed proxy and other materials with the U.S. Securities and Exchange Commission in connection with corporate actions.

Business focus and technology

Company descriptions emphasize that Markforged’s business centers on industrial 3D printing for metal, composite and plastic parts. Earlier corporate information explains that its platform includes:

• A range of 3D printers for metal, composite, and plastic parts.
• Purpose-built metal and carbon-reinforced materials that are described as providing strength and high-quality finishes.
• Cloud software used to turn drawings into high-strength printed parts.

More recent communications highlight the FX10 system and related metal capabilities. Markforged has announced the FX10 Metal Kit, which it describes as a print engine that brings metal printing capability to the FX10, allowing the FX10 to print both metal filaments and composites with continuous fiber reinforcement. The company characterizes the FX10 as an industrial 3D printer designed to be a versatile tool on the factory floor, with a modular architecture that can be upgraded over time.

Markforged has also introduced specific metal filaments for use with its systems, including 316L stainless steel metal filament for the FX10 Metal Kit and the ability to print in 17-4PH, with additional support for other Markforged metal filaments indicated in company statements. The firm’s communications describe a workflow in which metal prints are built from metal filament and a ceramic release filament, then washed and sintered using Markforged’s Wash-1 and Sinter-2 solutions, with the Eiger software managing steps such as scaling for shrinkage during sintering.

The Digital Forge platform

Across multiple news releases, Markforged repeatedly positions The Digital Forge as its central additive manufacturing platform. The company states that this platform enables every aspect of systems like the FX10 and is intended to integrate into existing manufacturing ecosystems. According to Markforged, The Digital Forge allows users to:

• Share parts across their organization.
• Monitor fleet performance from a central location.
• Produce strong, accurate parts in metal and advanced composites.

Earlier descriptions also note that the platform is cloud-based and used to convert drawings into high-strength printed parts. Markforged presents The Digital Forge as a way to bring on-demand industrial production to the point of need, with an emphasis on factory-floor deployment.

Customer base and use cases

Markforged’s own materials indicate that its technology is used by thousands of companies across many countries. Prior descriptions cite organizations such as NASA, Google, Ford, Amazon and Siemens among the users of Markforged systems. In more recent releases, the company focuses on its installed base, referencing more than 10,000 customers in over 70 countries and positioning its solutions as tools for manufacturing environments that require resilient and flexible production.

Company statements describe use on the factory floor, with references to the FX10 being designed as a versatile tool in that setting and to The Digital Forge being purpose-built to integrate into manufacturing ecosystems. Markforged also notes that its technology is intended to support industrial production at the point of need, which suggests use in applications where rapid access to parts is important.

Corporate actions and capital markets

Markforged has communicated several notable corporate developments as a public company. In a press release, the company announced that its Board of Directors approved a 1-for-10 reverse stock split of its common stock, effective September 19, 2024, with the intent of bringing the company into compliance with the minimum bid price requirement for continued listing on the New York Stock Exchange. The company stated that its common stock would continue to trade under the symbol “MKFG” after the reverse split.

Markforged has also announced a definitive agreement for an all-cash acquisition by Nano Dimension Ltd. Under the Agreement and Plan of Merger announced on September 25, 2024, Nano Dimension agreed to acquire all outstanding shares of Markforged for $5.00 per share, with Markforged expected to survive the merger as an indirect wholly owned subsidiary of Nano Dimension, subject to closing conditions including stockholder and regulatory approvals. Subsequent releases discuss litigation brought by Desktop Metal, Inc. relating to this pending merger and the later voluntary dismissal of Markforged from that action. As of the most recent news provided, the transaction remained pending, and Markforged indicated that it had obtained required regulatory approvals except for a filing with the Committee on Foreign Investment in the United States at the time of those statements.

Legal and intellectual property matters

Markforged has reported involvement in intellectual property litigation. In particular, the company disclosed a patent infringement lawsuit brought by Continuous Composites Inc. and a subsequent Settlement and Patent License Agreement. Company statements explain that the settlement resolved all claims and counterclaims in the litigation, provided for an upfront payment and additional installment payments by Markforged, and included cross-licenses of the parties’ patent portfolios, mutual releases of certain liabilities, and mutual covenants not to sue, subject to review by the relevant court. Markforged noted that neither party admitted liability or wrongdoing in connection with the settlement.

Financial reporting and non-GAAP measures

As a public company, Markforged issues periodic financial results. In its communications, the company provides both GAAP and non-GAAP metrics and explains how it defines non-GAAP measures such as non-GAAP gross margin, non-GAAP operating profit (loss), and non-GAAP net profit (loss). The company states that these non-GAAP measures adjust for items including stock-based compensation, amortization, certain non-recurring costs, and changes in fair value of certain liabilities, and that reconciliations to the most directly comparable GAAP measures are included in its financial tables.

Markforged has also noted that, in light of the pending merger with Nano Dimension, it has chosen not to host earnings conference calls or provide forward-looking guidance during the pendency of the transaction, which it characterizes as customary in such circumstances.

Position within additive manufacturing

Markforged’s own descriptions place it within the additive manufacturing and industrial 3D printing space, with particular emphasis on metal and composite printing for manufacturing environments. The company highlights technologies such as fused filament fabrication for high-performance applications, continuous fiber reinforcement in polymer-based parts, and metal filament printing workflows that include washing and sintering. In communications related to the proposed acquisition by Nano Dimension, Markforged is described as contributing scale, efficiency and a portfolio of additive manufacturing solutions that are intended for production use.

Overall, based on the information provided in company releases and descriptions, Markforged Holding Corporation is a public manufacturing company listed on the NYSE under the symbol MKFG. It focuses on industrial 3D printing and additive manufacturing technologies, centered on The Digital Forge platform, with hardware, software and materials designed to support on-demand production of strong, accurate parts in metal and advanced composites for customers in many countries.