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) drives innovation in industrial additive manufacturing through its integrated Digital Forge platform. This resource provides centralized access to official company announcements, financial updates, and strategic developments impacting the 3D printing sector.
Key updates include quarterly earnings results, new product launches, material science breakthroughs, and partnership announcements. Investors will find essential information about manufacturing technology advancements, operational milestones, and industry-specific applications across aerospace, automotive, and energy sectors.
Our curated news collection enables efficient tracking of MKFG's progress in metal and composite printing solutions. Regular updates cover operational developments without speculative commentary, maintaining focus on verified company communications and third-party analysis.
Bookmark this page for streamlined access to critical updates about Markforged's innovations in digital manufacturing. Check regularly for the latest information on industrial 3D printing advancements and their market implications.
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
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.
