Markforged Holding Corporation (MKFG) Misses Q3 EPS by 18c

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Go back to Markforged Holding Corporation (MKFG) Misses Q3 EPS by 18c

Markforged Announces Third Quarter 2023 Results

November 13, 2023 4:30 PM EST

Announcing 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