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Markforged Holding Corporation - MKFG STOCK NEWS

Welcome to our dedicated page for Markforged Holding Corporation news (Ticker: MKFG), a resource for investors and traders seeking the latest updates and insights on Markforged Holding Corporation stock.

Markforged Holding Corporation (NYSE: MKFG) is revolutionizing the manufacturing industry with its cutting-edge industrial 3D printing technology. Based in Waltham, Massachusetts, Markforged is on a mission to unlock significant innovation in design and manufacturing. The company's platform, known as The Digital Forge, integrates hardware, software, and advanced materials to enable efficient and resilient production practices.

Markforged offers a comprehensive suite of 3D printers that utilize metal, composite, and plastic materials to create strong, end-use parts that can withstand the rigors of the factory floor. The company's technology is trusted by industry giants such as NASA, Google, Ford, Amazon, and Siemens, among thousands of others across 50 countries. These organizations leverage Markforged's solutions to produce prototypes and final parts in a fraction of the time and cost associated with traditional manufacturing methods.

Recently, Markforged achieved a noteworthy milestone by beginning the shipment of their latest product, the FX10, in the first quarter of 2024. The market response has been overwhelmingly positive, signaling significant growth potential for the second half of the fiscal year. Despite challenging global capital expenditure trends, the company continues to deliver strong execution and operational efficiency.

The company's financial outlook for 2024 projects revenues between $95 and $105 million, with anticipated growth driven largely by new product offerings like the FX10. Markforged also maintains strong cost controls and aims for non-GAAP gross margins in the range of 48% to 50%.

Markforged operates across a diverse array of industries, including Aerospace, Automotive, Consumer Packaged Goods, Education and Research, Electronics Manufacturing, Energy, Federal and Defense, and Industrial Equipment. The company derives its highest revenue from the Americas, with significant contributions from Europe, the Middle East, Africa, and the Asia-Pacific regions.

For more information, visit www.markforged.com or access the investor section at investors.markforged.com.

News

Markforged Announces Jury Verdict in Patent Case

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Markforged Holding (NYSE: MKFG) announced a jury verdict in a patent case against Continuous Composites Inc., resulting in a $17.34 million verdict against Markforged, Inc. The jury found one patent claim invalid but ruled in favor of Continuous Composites on another claim. Markforged plans to challenge the verdict through post-trial motions and appeals.
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Markforged Announces Fourth Quarter and Full-Year 2023 Results

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Markforged Holding Corporation (MKFG) announced its financial results for Q4 and full year 2023. Revenue increased 20.4% sequentially in Q4 but was down compared to the previous year. Gross margin improved, while operating expenses decreased. Net loss grew, and cash reserves decreased. For the full year, revenue declined, gross margin decreased, and net cash used in operating activities improved. The company emphasized positive momentum, strong product portfolio, and cost controls for future profitability.
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Markforged Sets Reporting Date for Fourth Quarter 2023 Financial Results

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Markforged (NYSE: MKFG) will announce its Q4 2023 financial results on March 7, 2024, followed by a webcast and conference call. Participants can access the earnings press release and webcast on the company's investor website. A replay will be available for those unable to attend.
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Markforged Receives Continued Listing Standards Notice from the NYSE

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Markforged Holding Corporation (NYSE: MKFG) has received a notice from the New York Stock Exchange (NYSE) regarding non-compliance with Rule 802.01C of the NYSE’s Listed Company Manual. The company is not at risk of immediate delisting and intends to notify the NYSE of its plan to regain compliance within 10 business days. Markforged can regain compliance within a six-month cure period by meeting specific share price requirements. The company is committed to remaining listed on the NYSE and will explore options, including a reverse stock split, if necessary.
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Markforged Announces Third Quarter 2023 Results

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Markforged Holding Corporation (NYSE: MKFG) announced its Q3 2023 financial results, revealing a decrease in revenue, gross margin, and net loss. The company has implemented cost reduction efforts to align operating expenses with near-term demand. Despite challenges, Markforged introduced new products and is committed to pursuing profitable growth over time.
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Markforged Introduces FX10, The Most Versatile Tool Designed For The Factory Floor

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Markforged Holding Corporation (NYSE: MKFG) unveiled its newest industrial 3D printer, the FX10, designed to supercharge manufacturing line productivity and profitability. The FX10 empowers users to print the right part when and where it is needed, reducing costs and cutting lead times from months to days compared to traditional manufacturing methods.
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Markforged Releases Vega™, an Ultra High Performance Material Designed for 3D Printing Aerospace Components on the FX20™

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Markforged Holding Corporation has released Vega, an ultra high-performance filament designed for aerospace manufacturing on Markforged's FX20 printer. Vega is a carbon fiber-filled PEKK that offers exceptional strength and brings advantages in weight reduction, cost efficiency, and lead time savings. It is formulated to expand aerospace applications and set the standard in print quality for high-temperature thermoplastics.
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Markforged Schedules Third Quarter 2023 Earnings Announcement; Provides Preliminary Third Quarter Results and Updates 2023 Revenue Guidance

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Markforged Holding Corporation announces preliminary financial results for Q3 2023, with revenue of $20 million and a cash balance of $126 million. However, macroeconomic headwinds and unexpected delays in closing deals are impacting the company's performance. As a result, the company is adjusting its full year guidance and expects 2023 revenue to be between $90 and $95 million, below previous expectations.
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Markforged Unlocks The Future Of Distributed Manufacturing, Enabling Manufacturer-Certified Parts To Be Licensed And Printed At The Point Of Need

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Markforged announces Digital Source, an on-demand parts platform for 3D-printing manufacturer-certified parts without physical inventory management.
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Markforged to Host 2023 Investor Day

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Markforged Holding Corporation to host 2023 Investor Day on September 19, 2023
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FAQ

What is the current stock price of Markforged Holding Corporation (MKFG)?

The current stock price of Markforged Holding Corporation (MKFG) is $3.03 as of December 20, 2024.

What is the market cap of Markforged Holding Corporation (MKFG)?

The market cap of Markforged Holding Corporation (MKFG) is approximately 66.0M.

What is Markforged Holding Corporation known for?

Markforged Holding Corporation is known for its industrial 3D printing technology, which enables rapid and cost-effective production of strong, end-use parts.

Which industries does Markforged serve?

Markforged serves a variety of industries including Aerospace, Automotive, Consumer Packaged Goods, Education and Research, Electronics Manufacturing, Energy, Federal and Defense, and Industrial Equipment.

Who are some of Markforged's notable customers?

Markforged's notable customers include NASA, Google, Ford, Amazon, and Siemens, among many others.

What are the key products offered by Markforged?

Markforged offers a range of 3D printers for metal, composite, and plastic parts, as well as purpose-built materials and cloud software for high-strength printing.

What recent product has Markforged released?

Markforged recently released the FX10, a new product that has received positive market feedback and is expected to drive growth in the second half of the fiscal year 2024.

Where is Markforged headquartered?

Markforged is headquartered in Waltham, Massachusetts.

What is The Digital Forge?

The Digital Forge is Markforged's additive manufacturing platform that combines hardware, software, and advanced materials to produce strong and accurate parts.

What is Markforged's financial outlook for 2024?

Markforged anticipates fiscal year 2024 revenues between $95 and $105 million, with growth driven primarily by new products like the FX10. Non-GAAP gross margins are expected to be within the range of 48% to 50%.

Which regions contribute most to Markforged's revenue?

The Americas contribute the most to Markforged's revenue, followed by Europe, the Middle East, Africa, and the Asia-Pacific regions.

How can I learn more about Markforged?

You can learn more about Markforged by visiting their website at www.markforged.com or checking the investor section at investors.markforged.com.

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Markforged Holding Corporation

NYSE:MKFG

MKFG Rankings

#4706 Ranked by Market Cap
N/A Ranked by Dividends

MKFG Stock Data

65.98M
18.59M
2.58%
71.28%
1.24%
Computer Hardware
Computer Peripheral Equipment, Nec
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United States of America
WALTHAM