Markforged Holding Corporation designs, develops, and manufactures industrial 3D printers. The company offers end-to-end metal and carbon fiber 3D printers; 3D printer for continuous fiberglass reinforced parts; refined FFF 3D printer for micro carbon fiber filled nylon parts; fiber composite 3D printer; and FFF desktop 3D printer for micro carbon fiber filled nylon parts. It also offers 3D printing software. The company was incorporated in 2013 and is based in Watertown, Massachusetts with European headquarters in Dublin, Ireland.
IPO Year: 2020
Exchange: NYSE
Website: markforged.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2023 | $2.50 → $1.00 | Buy → Hold | Craig Hallum |
| 10/24/2023 | Outperform → Mkt Perform | William Blair | |
| 8/17/2022 | $2.70 | Neutral | Credit Suisse |
| 12/21/2021 | $6.50 | Buy | Goldman Sachs |
| 12/14/2021 | $10.00 | Buy | Craig Hallum |
| 8/9/2021 | Outperform | William Blair | |
| 8/9/2021 | $13.50 | Buy | Stifel |
| 8/5/2021 | $12.00 | Neutral | Citigroup |
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WALTHAM, Mass., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Markforged Holding Corporation ("Markforged") (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced today that a complaint has been filed relating to its pending merger with Nano Dimension Ltd. ("Nano") in which Markforged is named as a defendant. As previously announced, on September 25, 2024, Markforged entered into an Agreement and Plan of Merger (the "Merger Agreement") with Nano pursuant to which Nano will, subject to the terms and conditions in the Merger Agreement, acquire all outstanding shares of Markforged (the "Merger"), with Markforged surviving the Mer
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 co
WALTHAM, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced today that it will release its financial results for the third quarter ended September 30, 2024, after the market closes on Thursday, November 7, 2024. In light of the pending merger transaction with Nano Dimension Ltd. announced on September 25, 2024, and as is customary during the pendency of such transactions, Markforged will not host an earnings conference call and will not provide forward-looking guidance. About Markforged Markforged (NYSE:MKFG) is enabling more resilient an
Believes Nano's Ongoing Value Destruction, Worst-In-Class Corporate Governance and Misallocation of Corporate Resources Warrants Urgent Change in Company's Boardroom Murchinson's Nominees Would Bring Independent Perspectives and Relevant Experience to Restore Shareholders' Confidence in Leadership, Establish Appropriate Capital Allocation Processes, Hold Management Accountable and Oversee Strategy Development and Implementation Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, "Murchinson" or "we"), a significant shareholder with approximately 7.1% of the outstanding shares of Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano" or the "Company"), today annou
Revenue for the Quarter of $14.7M is 21% Higher Year-Over-Year Waltham, Mass., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or the "Company"), a leading supplier of Additively Manufactured Electronics ("AME") and multi-dimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced its revenue, on a preliminary basis, for the third quarter ended September 30th, 2024. Nano Dimension reported unaudited approximated consolidated revenues of $14.7 million for Q3/2024, a 21% increase over Q3/2023. Yoav Stern, Nano Dimension's Chief Executive Officer and member of the Board of Directors, said: "With a
Merging of Nano Dimension with Desktop Metal and Markforged Will Have the Scale and Capital to Drive to Profitable Expansion With a Combined 2023 Revenue of $340M Cash & Cash Equivalents Expected at Close of ~$475M The Combined Company Further Increases Value Creation Opportunity With an Even Broader AM/3D Printing Portfolio Technologies Intended for True Manufacturing Applications Nano Dimension and Markforged to Hold Joint Investor Call to Discuss the Transaction Tomorrow, Thursday, September 26th, at 8:30 AM ET WALTHAM, Mass., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension") and Markforged Holding Corporation (NYSE:MKFG) ("Markforged") today jo
WALTHAM, Mass., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced that it has entered into a Settlement and Patent License Agreement (the "Settlement Agreement") in connection with the patent infringement litigation brought by Continuous Composites Inc. ("Continuous Composites"). The Settlement Agreement resolves all claims and counterclaims in this litigation, which is currently pending before the United States District Court for the District of Delaware (the "District Court"). As previously disclosed in our public filings, in July 2021,
WALTHAM, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG) ("Markforged" or the "Company"), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced that its Board of Directors approved a 1-for-10 reverse stock split of its Common Stock to be effective 12:01 a.m., Eastern Time, on September 19, 2024 and an associated proportional reduction in the number of shares of Common Stock the Company is authorized to issue. The Company expects its Common Stock to begin trading on a split-adjusted basis on the New York Stock Exchange as of the commencement of trading on September 19, 2024. On June 18
WALTHAM, Mass., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced the FX10 Metal Kit, a print engine that brings metal printing capability to the FX10. With this kit, the FX10 becomes the world's first industrial 3D printer that can print both metal filaments and composites with continuous fiber reinforcement. "Customers no longer have to choose between a metal and a composite printer. Years of R&D investment and field experience have come together to provide an all-in-one solution for 3D printing to provide immediate return on investment
WALTHAM, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG) (the "Company"), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results Compared To Second Quarter 2023 Revenue was $21.7 million compared to $25.4 million.Gross margin was 50.2% compared to 47.0%.Non-GAAP gross margin was 51.9% compared to 48.3%.Operating expenses were $27.9 million compared to $32.1 million.Non-GAAP operating expenses were $23.3 million compared to $26.6 million.Net loss was $14.4 million compared to net loss
Experienced Leader to Help Drive Brand Awareness and Accelerated Growth of The Digital Forge Markforged, creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, today announced that Andrew Hally has been appointed Chief Marketing Officer (CMO), effective Jan. 4, 2022. As a member of the Company's executive leadership team, Hally will be based in Markforged's global headquarters in Watertown and report directly to Shai Terem, Markforged President and Chief Executive Officer. Hally brings 25 years of deep, diverse technology marketing experience to this newly created role. As a results-driven, people-minded leader, Hally will oversee the Company'
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Craig Hallum downgraded Markforged Holding Corp. from Buy to Hold and set a new price target of $1.00 from $2.50 previously
William Blair downgraded Markforged Holding Corp. from Outperform to Mkt Perform
Credit Suisse initiated coverage of Markforged Holding Corp. with a rating of Neutral and set a new price target of $2.70
Goldman Sachs initiated coverage of Markforged Holding with a rating of Buy and set a new price target of $6.50
Craig Hallum initiated coverage of Markforged Holding Corp. with a rating of Buy and set a new price target of $10.00
William Blair initiated coverage of Markforged Holding Corp. with a rating of Outperform
Stifel initiated coverage of Markforged Holding Corp. with a rating of Buy and set a new price target of $13.50
Citigroup initiated coverage of Markforged Holding with a rating of Neutral and set a new price target of $12.00
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 co
WALTHAM, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced today that it will release its financial results for the third quarter ended September 30, 2024, after the market closes on Thursday, November 7, 2024. In light of the pending merger transaction with Nano Dimension Ltd. announced on September 25, 2024, and as is customary during the pendency of such transactions, Markforged will not host an earnings conference call and will not provide forward-looking guidance. About Markforged Markforged (NYSE:MKFG) is enabling more resilient an
Merging of Nano Dimension with Desktop Metal and Markforged Will Have the Scale and Capital to Drive to Profitable Expansion With a Combined 2023 Revenue of $340M Cash & Cash Equivalents Expected at Close of ~$475M The Combined Company Further Increases Value Creation Opportunity With an Even Broader AM/3D Printing Portfolio Technologies Intended for True Manufacturing Applications Nano Dimension and Markforged to Hold Joint Investor Call to Discuss the Transaction Tomorrow, Thursday, September 26th, at 8:30 AM ET WALTHAM, Mass., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension") and Markforged Holding Corporation (NYSE:MKFG) ("Markforged") today jo
WALTHAM, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG) (the "Company"), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results Compared To Second Quarter 2023 Revenue was $21.7 million compared to $25.4 million.Gross margin was 50.2% compared to 47.0%.Non-GAAP gross margin was 51.9% compared to 48.3%.Operating expenses were $27.9 million compared to $32.1 million.Non-GAAP operating expenses were $23.3 million compared to $26.6 million.Net loss was $14.4 million compared to net loss
WALTHAM, Mass., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Markforged (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced today that it will release its financial results for the second quarter ended June 30, 2024, after the market closes on Thursday, August 8, 2024. The Company will host a webcast and conference call at 5:00 PM ET on the same day to discuss the results. Participants may access the earnings press release, related materials, and the audio webcast by visiting the investors section of the Company's website at https://investors.markforged.com/ To participate in the call, please dial 1-877-407-9039 or 1-201-
WALTHAM, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG) (the "Company"), the company strengthening manufacturing 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
Markforged (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced today that it will release its financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 8, 2024. The Company will host a webcast and conference call at 5:00 PM ET on the same day to discuss the results. Participants may access the earnings press release, related materials, and the audio webcast by visiting the investors section of the Company's website at https://investors.markforged.com/ To participate in the call, please dial 1-877-407-9039 or 1-201-689-8470 ten minutes before the scheduled start.
Markforged Holding Corporation (NYSE:MKFG) (the "Company"), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Results Compared To Fourth Quarter 2022 Revenue was $24.2 million, up 20.4% sequentially from the third quarter of 2023, and down from $29.7 million in the fourth quarter of 2022. Gross margin was 48.4% compared to 46.9%. Non-GAAP gross margin was 49.5% compared to 47.5%. Operating expenses were $31.1 million, inclusive of an increase in the fair value estimate of an acquisition earnou
Markforged (NYSE:MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced today that it will release its financial results for the fourth quarter ended December 31, 2023, after the market closes on Thursday, March 7, 2024. The Company will host a webcast and conference call at 5:00 PM ET on the same day to discuss the results. Participants may access the earnings press release, related materials, and the audio webcast by visiting the investors section of the Company's website at https://investors.markforged.com/ To participate in the call, please dial 1-877-407-9039 or 1-201-689-8470 ten minutes before the scheduled star
Announcing Cost Restructuring Initiatives Markforged Holding Corporation (NYSE:MKFG) (the "Company"), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Financial Results Compared To Third Quarter 2022 Revenue was $20.1 million compared to $25.2 million. Gross margin was 45.7% compared to 48.6%. Non-GAAP gross margin was 46.9% compared to 49.2%. Operating expenses were $59.6 million, inclusive of a non-cash goodwill impairment charge of $29.5 million as a result of the Company's performance during the