Markforged Holding Corp. (MKFG) PT Lowered to $1.30 at Cantor Fitzgerald
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Markforged Announces First Quarter 2024 Results
May 8, 2024 4:30 PM EDTWALTHAM, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- 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 first quarter ended March 31, 2024.
First Quarter 2024 Financial Results Compared To First Quarter 2023
Revenue was $20.5 million compared to $24.1 million.Gross margin was 49.3% compared to 48.1%.Non-GAAP gross margin was 51.3% compared to 49.3%.Operating expenses were $47.2 million, inclusive of a $17.3 million accrual related to the Continuous Composite judgment, compared to $33.1 million.Non-GAAP operating... More