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Stock impact report

Markforged Announces Third Quarter 2024 Results

Markforged Holding Corporation (MKFG) 
Company Research Source: GlobeNewswire
WALTHAM, Mass., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE: MKFG) (the “Company” or “Markforged”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Results Compared To Third Quarter 2023 Revenue was $20.5 million compared to $20.1 million.Gross margin was 49.0% compared to 45.7%.Non-GAAP gross margin was 50.9% compared to 46.9%.Operating expenses were $27.6 million compared to $59.6 million.Non-GAAP operating expenses were $20.5 million compared to $24.9 million.Net loss was $23.4 million compared to net loss of $51.4 million.Non-GAAP net loss was $9.5 million compared to a loss of $13.8 million.Cash and cash equivalents, including restricted cash, were $79.5 million as of September 30, 2024, compared to $93.9 million as of June 30 2024. The balance sheet for the quarter ended Septem Show less Read more
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