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 a public manufacturing company that focuses on industrial 3D printing and additive manufacturing. Company news frequently emphasizes how its platform, The Digital Forge, brings industrial 3D printing directly to the factory floor, enabling the production of strong, accurate parts in metal and advanced composites at the point of need.
News about Markforged often covers product and technology announcements. Recent releases describe the FX10 Metal Kit, which adds metal printing capability to the FX10 industrial 3D printer so it can print both metal filaments and composites with continuous fiber reinforcement. Markforged has also announced new metal filaments such as 316L stainless steel for use with its systems, along with details about the associated wash and sinter workflow managed through its Eiger software.
Investors and industry observers will also find corporate and capital markets updates in MKFG news. The company has announced a 1-for-10 reverse stock split intended to help maintain NYSE listing requirements, and it regularly reports quarterly and annual financial results with both GAAP and non-GAAP metrics. Markforged has explained how it defines non-GAAP gross margin, non-GAAP operating profit (loss) and non-GAAP net profit (loss) and provides reconciliations in its financial tables.
Another key theme in Markforged news is strategic transactions and legal developments. The company has announced a definitive agreement for an all-cash acquisition by Nano Dimension Ltd., under which Markforged would become an indirect wholly owned subsidiary, subject to stockholder and regulatory approvals. Related news items discuss litigation filed by Desktop Metal, Inc. concerning this pending merger and the subsequent voluntary dismissal of Markforged from that action. Additional releases describe the settlement of patent litigation with Continuous Composites Inc. through a Settlement and Patent License Agreement.
For readers following MKFG, the news stream provides insight into Markforged’s technology roadmap, financial reporting, corporate actions and legal matters that affect its additive manufacturing business.
Markforged (NYSE: MKFG) will announce its financial results for Q1 2022 on May 12, 2022, after market close. The company will hold a conference call at 5:00 p.m. ET that day to discuss the results. Investors can access the earnings release and related materials on the company's investor website. A replay of the call will be available until May 26, 2022. Markforged specializes in additive manufacturing, providing solutions that combine metal and carbon fiber technologies to aid in manufacturing and supply chain efficiency.
Markforged (NYSE: MKFG) has announced the acquisition of Teton Simulation Software, enhancing its Digital Forge platform. Teton's SmartSlice™ technology streamlines the validation and optimization of 3D printed parts, enabling manufacturers to produce high-quality, end-use components efficiently. This integration offers a subscription-based solution that complements Markforged's current offerings, providing customers with faster manufacturing processes. The acquisition aims to strengthen Markforged's leadership in distributed manufacturing and extend its software capabilities.
Markforged Holding Corporation (NYSE: MKFG) reported significant growth in its fourth quarter and full fiscal year 2021, exceeding targets. Revenue rose 27% to $91.2 million, while gross profit increased by 26% to $52.9 million. However, the company faced a net loss from operations of $61.0 million, widening from $17.7 million the previous year. The fourth quarter saw a 9% revenue increase to $26.6 million, but gross profit fell 4% to $15.0 million. Looking ahead, the company expects 2022 revenue between $114.0 - $123.0 million, with a continued focus on Gross Margin and operational efficiency.
Markforged (NYSE: MKFG) has introduced Precise PLA, a new material for cost-effective product design and rapid prototyping. This addition allows customers to validate designs before moving to production with more robust materials. The Digital Forge platform now supports all stages of product design, enhancing versatility with 28 unique materials, including affordable options like Precise PLA for early project phases. Available from March 15, the new material will be compatible with several Markforged printers, expanding its addressable market in sectors like education and design services.
Markforged (NYSE: MKFG) will release its financial results for the fourth quarter and full year ended December 31, 2021 on March 15, 2022, after market close. A webcast and conference call will follow at 5:00 PM ET to discuss the results. Interested participants can access the earnings release and related materials through the investors section of the company's website. A replay of the call will be available until March 29, 2022.
Markforged (NYSE: MKFG) has announced a realignment of its technology teams to expedite its product roadmap for distributed manufacturing. Co-Founder David Benhaim steps down as Chief Technology Officer but will continue in an advisory role until July 8, 2022. John Howard, now leading the engineering team, brings over 30 years of experience from Amazon and Apple, aiming to integrate hardware, software, and materials for enhanced collaboration. CEO Shai Terem expressed confidence in Markforged's growth strategy, emphasizing the company's strong engineering capabilities.
Markforged has appointed Andrew Hally as its new Chief Marketing Officer, effective January 4, 2022. Hally, with 25 years of technology marketing experience, will oversee all marketing operations to align with the company's growth strategies for The Digital Forge. His previous roles include CMO positions at Bynder and Allego, where he excelled in scaling marketing efforts. Hally aims to enhance brand visibility and establish Markforged as a thought leader in distributed manufacturing. This strategic hiring is expected to significantly impact the company’s marketing initiatives.
Markforged Holding Corp. (NYSE: MKFG) will participate in the 24th Annual Needham Growth Conference on January 13, 2022. The virtual presentation is set for 5:00 p.m. ET and can be accessed here or via the company's website under 'Investor Relations'. Additionally, CEO Shai Terem and CFO Mark Schwartz will be available for one-on-one investor meetings on January 14.
Markforged Holding Corporation (NYSE: MKFG) announced the resignation of founder Greg Mark as both a member of the Board of Directors and employee, effective December 29, 2021. CEO Shai Terem expressed gratitude for Mark's significant contributions since the company's inception in 2013, highlighting the innovative technology developed. Markforged continues to focus on transforming manufacturing through its Digital Forge, supplying solutions worldwide. The company emphasizes ongoing demand for its products while acknowledging potential risks in future projections.
Markforged (NYSE: MKFG) is relocating its global headquarters to Waltham, Massachusetts, uniting employees from two facilities in Watertown. The new 120,000 square foot facility will nearly double its footprint and accommodate over 500 employees, fostering collaboration and innovation. Additionally, the company plans to expand its Billerica filament manufacturing facility by adding 22,000 square feet to meet increasing product demand. The relocation is expected to be completed by fall 2022, marking a strategic step towards growth.