Markforged Holding Corporation (MKFG) Misses Q3 EPS by 18c
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Markforged Announces Third Quarter 2023 Results
November 13, 2023 4:30 PM ESTAnnouncing Cost Restructuring Initiatives
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% compared to 49.2%. Operating expenses were $59.6 million, inclusive of a non-cash goodwill... More