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 Holding Corporation (NYSE: MKFG) achieved significant growth in Q3 2021, with revenues up 53.8% to $24.0 million compared to Q3 2020. Gross profit also increased by 47.2%, reaching $13.7 million. The company reported a net profit of $23.9 million, contrasting with a net loss of $3.7 million in the prior year. Adjusted EBITDA showed a loss of $11.6 million, worsening from a loss of $2.6 million year-over-year. The launch of new software and aerospace-ready materials aims to expand their market reach. CEO Shai Terem highlighted robust demand for their Digital Forge solution amidst global supply chain challenges.
Markforged has launched the FX20 printer, enhancing its additive manufacturing capabilities. This new printer uses ULTEM™ 9085 filament along with proprietary Continuous Fiber Reinforcement technology, targeting industries such as aerospace, defense, automotive, and oil & gas. The FX20 delivers rapid production of larger, stronger, heat-resistant parts, with a maximum build size of 525 mm x 400 mm x 400 mm and speeds up to eight times faster than previous models. Shipping is expected in early 2022.
Markforged (NYSE: MKFG) will announce its financial results for Q3 2021 on November 10, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET to discuss the results. Interested participants can access the earnings release and related materials on the company's investor website. The replay will be available until November 24, 2021 via the website and by telephone.
Markforged is known for its innovative additive manufacturing solutions, including metal and carbon fiber printers.
Markforged, a leader in additive manufacturing, unveiled Eiger Fleet at RAPID + TCT 2021, a cloud-based software solution aimed at enhancing large-scale additive manufacturing operations. This platform allows users to manage 3D printers and part production efficiently, enabling manufacturers like Vestas to streamline processes and reduce costs. Eiger Fleet offers features such as role-based access control, seamless ERP integration, and performance tracking, transforming traditional manufacturing workflows. The software is available globally as a subscription.
Markforged (NYSE:MKFG) announced that Cabin Management Solutions (CMS) is utilizing its X7™ industrial carbon fiber 3D printers to produce end-use parts for luxury aircraft maintenance. Founded in 2019, CMS collaborates with MRO companies and aircraft owners, utilizing Onyx™ FR materials to create FAA-compliant, flame-retardant parts. The partnership has improved production speed and quality, allowing CMS to print custom components like light switch panels and climate controllers. CMS aims to leverage Markforged's new aerospace-ready materials for enhanced production efficiency.
Markforged Holding Corporation (NYSE: MKFG) reported a 44.1% revenue increase, reaching $20.4 million for Q2 2021, compared to $14.2 million in Q2 2020. Gross profit rose 60.0% to $11.9 million, and gross margins advanced to 58% from 53%. However, the company reported an Adjusted EBITDA loss of $8.9 million, worse than the $4.7 million loss from the same quarter last year. Markforged reaffirmed its 2021 guidance of $87.6 million in expected revenue and a $37 million Adjusted EBITDA loss. The company also launched new products enhancing its digital manufacturing solutions.
Markforged (NYSE: MKFG) announced its upcoming financial results for Q2 ended June 30, 2021, to be released after the market closes on August 12, 2021. A conference call will be held at 5 p.m. ET the same day to discuss the results. Participants can access the call by dialing 1-877-423-9813. A replay of the call will be available until August 26, 2021. The company is known for its integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, aimed at transforming manufacturing.
Markforged (NYSE: MKFG) has appointed John Howard as Vice President of Engineering, tasked with leading the hardware engineering team. Howard brings over 30 years of experience, including significant roles at Amazon's Lab126 and Apple. His expertise includes product design and platform innovation, which Markforged believes will enhance its product roadmap and address manufacturing supply chain challenges. Howard's academic background includes mechanical engineering and manufacturing systems from Stanford University, aligning with Markforged's goal to expand its Digital Forge capabilities.
Markforged (NYSE: MKFG) announced the launch of aerospace-ready materials, Onyx™ FR-A and Carbon Fiber FR-A, for the aviation and defense sectors. These materials are undergoing qualification by the National Center for Advanced Materials Performance (NCAMP), aiming to be the first certified for additive manufacturing by an FAA-authorized body. These innovations support manufacturers in reducing costs and lead times while ensuring compliance with stringent industry standards. The qualification process is expected to be completed in early 2023, allowing customers to utilize these materials for safer and more efficient production.
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.
