Markforged Announces First Quarter 2024 Results [Yahoo! Finance]
Markforged Holding Corporation (MKFG)
Company Research
Source: Yahoo! Finance
resiliency by enabling industrial production at the point of need, today announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results Compared To First Quarter 2023 Revenue was $20.5 million compared to $24.1 million. Gross margin was 49.3% compared to 48.1%. Non-GAAP gross margin was 51.3% compared to 49.3%. Operating expenses were $47.2 million, inclusive of a $17.3 million accrual related to the Continuous Composite judgment, compared to $33.1 million. Non-GAAP operating expenses were $24.1 million compared to $26.7 million. Net loss was $35.9 million compared to net loss of $19.0 million. Non-GAAP net loss was $12.2 million compared to a loss of $13.3 million. Cash and cash equivalents were $107.9 million as of March 31, 2024 compared to $116.9 million as of December 31, 2023. Reconciliations of the non-GAAP financial measures provided in this press release to their most directly comparable GAAP financial meas
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News
- Markforged Holding Corporation (NYSE:MKFG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Markforged Holding Co. (NYSE: MKFG) had its price target lowered by analysts at Cantor Fitzgerald from $1.45 to $1.30. They now have an "overweight" rating on the stock.MarketBeat
- Markforged Holding Corporation (MKFG) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Markforged Announces First Quarter 2024 ResultsGlobeNewswire
- Markforged Holding Corporation (MKFG) Moves to Buy: Rationale Behind the Upgrade [Yahoo! Finance]Yahoo! Finance
MKFG
Earnings
- 5/8/24 - Miss
MKFG
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- MKFG's page on the SEC website