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Markforged Holding (MKFG) just unveiled an announcement.
On August 8, 2024, following the release of its second-quarter financial results, the Company unveiled a $25 million cost-cutting plan to bring annual operating expenses down to around $70 million. The bulk of these savings is anticipated to materialize in the latter half of the year, positioning the Company for a more streamlined financial future.
Learn more about MKFG stock on TipRanks’ Stock Analysis page.