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Markforged has successfully completed its merger with one (NYSE: AONE), forming Markforged Holding Corporation, which will trade under the symbol 'MKFG' starting July 15, 2021. The merger has provided Markforged with approximately $361 million in gross proceeds, enhancing its ability to innovate in the additive manufacturing sector. Exciting product developments include the FX20 printer and AI-driven software enhancements, alongside strategic partnerships with Phillips Corporation and Würth Additive Group. The existing management will continue to lead the company post-merger.
Markforged has announced a global partnership with Würth Additive Group to integrate its Digital Forge 3D printing solutions into Würth's manufacturing offerings. This agreement expands a prior collaboration initiated in March 2020, allowing for enhanced accessibility to Markforged's advanced 3D printing technology across industries such as aerospace, automotive, and healthcare. The partnership aims to streamline supply chains and improve production quality using Markforged's AI-driven inspection capabilities. The combined technology is expected to facilitate on-demand production of critical parts worldwide.
Markforged announced that Alan Masarek will join its Board of Directors as Chairman following the completion of its business combination with one (NYSE: AONE) expected in mid-July. Masarek brings over 25 years of experience, having previously served as CEO at Vonage, where he quadrupled its market capitalization. His expertise in transforming companies aligns with Markforged's goals to expand its Digital Forge platform in the additive manufacturing market. This leadership change aims to enhance growth and innovation in manufacturing solutions.
Markforged announced the debut of the FX20 printer at Formnext in November. The FX20, the largest and fastest printer from Markforged, aims to enhance The Digital Forge platform, allowing for the production of high-temperature thermoplastics reinforced with continuous fiber. This innovation targets demanding sectors like aerospace, defense, automotive, and oil & gas. CEO Shai Terem emphasized the FX20's role in creating advanced composite parts and strengthening the company’s position in the additive manufacturing market. The printer is set to ship globally in the first half of 2022.
Markforged, a leader in metal and carbon fiber additive manufacturing, will participate in an ICR De-SPAC webcast on Tuesday, June 29, at 11:00 a.m. EDT. The discussion will focus on Markforged's innovative manufacturing solutions, its blue-chip customer base, and the upcoming SPAC merger with AONE. This webcast will be hosted by analyst Troy Jensen and will feature Markforged's CEO Shai Terem and CFO Mark Schwartz. The merger with one (NYSE: AONE) is expected to close in summer 2021, with the combined entity retaining the Markforged name and trading under MKFG.
Markforged has introduced significant updates to its manufacturing platform, The Digital Forge, with the launch of the Metal X Gen 2, Next Day Metal, and X7 Field Edition. These innovations aim to enhance production efficiency and address supply chain challenges by enabling faster on-demand manufacturing. The Metal X Gen 2 boasts improved user experience and safety, while Next Day Metal offers print speeds up to twice as fast and optimized cycle times for smaller parts. The X7 FE is designed for deployment in rugged environments, facilitating immediate printing in remote locations.
Markforged announced the nomination of Carol Meyers to its Board of Directors, effective immediately after its merger with one (NYSE: AONE). Meyers, a venture partner at Glasswing Ventures and former Chief Marketing Officer at Rapid7, brings extensive marketing expertise to the board. Her appointment enhances Markforged's commitment to diversity and inclusion, marking her the first female director. The company aims to leverage her skills to boost brand awareness and growth in the manufacturing sector through its platform, The Digital Forge.
Markforged announced that CEO Shai Terem will present at two virtual conferences: the William Blair’s 41st Annual Growth Stock Conference on June 1 at 3:00 p.m. EDT and the Stifel 2021 Virtual Cross Sector Insight Conference on June 10 at 10:00 a.m. EDT. The company also disclosed a definitive agreement to merge with one (NYSE: AONE), with the combined entity to be listed as MKFG. Markforged specializes in 3D metal and carbon fiber printing, emphasizing speed and agility in manufacturing.
Markforged has announced that Shai Terem, its President and CEO, will present at the Needham Technology & Media Conference on May 20, 2021, at 3:45 p.m. EDT. The presentation will be accessible online. Additionally, Markforged has entered into a definitive business combination with one (NYSE: AONE), expected to close in summer 2021, pending regulatory approvals. The merged entity will retain the Markforged name and list under the ticker 'MKFG'. Founded in 2013, Markforged specializes in 3D metal and carbon fiber printing for industrial applications.
Markforged announced a 14.7% increase in Q1 2021 revenue, reaching $20.3 million, with gross profit up 31.9% to $12.4 million. Gross margins improved to 61%, up from 53% year-over-year. The company reaffirms its revenue guidance of $87.6 million and gross profit of $50.7 million for the fiscal year. Markforged is set to merge with one (NYSE: AONE) this summer, facilitating its listing under the ticker MKFG. The merger aims to bolster its capabilities in the additive manufacturing sector alongside advancements like the AI-powered Blacksmith software.
