Markforged Holding Corporation - MKFG STOCK NEWS

Markforged (NYSE: MKFG) will announce its financial results for the first quarter ending March 31, 2023, on May 11, 2023, after market close. The company's conference call will be held at 5:00 PM ET the same day, providing an opportunity for investors to gain insights into the earnings report. Markforged specializes in enhancing manufacturing resiliency through its innovative 3D printing solutions, The Digital Forge, catering to over 10,000 customers across 70+ countries. Investors can access the earnings release and related materials through the company's investor website.

For those who can't attend the live call, a replay will be available until May 25, 2023. For more information about Markforged's products and services, visit their official website.

Markforged Holding Corporation (NYSE: MKFG) received a notice from the New York Stock Exchange on April 18, 2023 for non-compliance with Rule 802.01C, which mandates a minimum average closing price for its common stock over 30 trading days. Although this notification does not lead to immediate delisting, Markforged aims to regain compliance within a six-month cure period. The company can correct the situation by ensuring its stock closes at or above $1.00 at the end of any calendar month during this period. Markforged is considering options, including a potential reverse stock split, and has assured stakeholders that it intends to remain compliant and listed on the NYSE.

Continuous Composites has received a favorable ruling from the United States District Court that allows for a jury trial against Markforged (NYSE: MKFG) in December. Following a pretrial Markman hearing on March 8, 2023, the court sided with Continuous Composites on five out of six patent claim terms, creating a favorable environment for the upcoming trial. The court's decision comes after Markforged's attempts to invalidate Continuous Composites' patent claims were dismissed at the Patent Trial and Appeals Board. Continuous Composites expresses confidence in its position, stating that it believes Markforged has infringed its patent claims and looks forward to presenting evidence in court.

Markforged (NYSE: MKFG) has transitioned to its new Global Headquarters in Waltham, Massachusetts, uniting over 500 employees previously located in separate facilities. The new 120,000 sq ft LEED Gold certified space features modern amenities, an interactive showroom, and advanced engineering labs aimed at enhancing productivity and innovation. This strategic move will allow faster technology development for manufacturing customers, fostering a 'One Team' culture and improving collaboration among corporate, commercial, and engineering teams.

Markforged (NYSE: MKFG) announced a favorable ruling from the United States District Court for the District of Delaware, which dismissed all four patent infringement claims made by Continuous Composites. This ruling validates Markforged's position that these claims were without merit. Only one remaining patent, recently added in February 2022, still stands, and Markforged intends to vigorously defend against it. CEO Shai Terem expressed satisfaction with the ruling, emphasizing that potential exposure is limited to the last patent. Markforged continues to support over 10,000 manufacturers globally, reinforcing its commitment to manufacturing resiliency.