Markforged Holding Corporation (MKFG) Misses Q1 EPS by 2c; Offers FY23 Revenue Guidance

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Go back to Markforged Holding Corporation (MKFG) Misses Q1 EPS by 2c; Offers FY23 Revenue Guidance

Markforged Announces First Quarter 2023 Results

May 11, 2023 4:15 PM EDT

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 2023 and 2022. Non-GAAP gross profit was $11.9 million in the first quarter of 2023 compared to $11.7 million in the first quarter... More