Markforged Holding Corporation (MKFG) Tops Q1 EPS by 16c

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Go back to Markforged Holding Corporation (MKFG) Tops Q1 EPS by 16c

Markforged Announces First Quarter 2022 Results

May 12, 2022 4:30 PM EDT

WATERTOWN, Mass.--(BUSINESS WIRE)-- Markforged Holding Corporation (NYSE: MKFG) (the Company), creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, today announced its results from the first quarter ended March 31, 2022.

Financial Highlights

Revenue increased by 8.6%, to $21.9 million, in the first quarter of 2022 from $20.1 million in the first quarter of 2021. Gross margin was 53.1% in the first quarter of 2022 compared to 60.5% in the first quarter of 2021. Non-GAAP gross margin was 53.6% in the first quarter of 2022 compared to 60.7% in the... More