Markforged Holding Corporation ( (MKFG) ) has released its Q4 earnings. Here is a breakdown of the information Markforged Holding Corporation presented to its investors.
Markforged Holding Corporation, a leader in industrial 3D printing solutions, focuses on enhancing manufacturing resilience by enabling on-demand production with its Digital Forge platform, serving over 10,000 customers globally.
In its latest earnings report, Markforged announced a decrease in revenue for both the fourth quarter and full year of 2024 compared to 2023, while highlighting a slight improvement in gross margin for the full year. The company also reported a reduced net loss, reflecting cost management efforts amidst challenging market conditions.
Key financial metrics revealed a fourth-quarter revenue of $22.4 million, down from $24.2 million the previous year, with a gross margin of 44.8%. For the full year, revenue stood at $85.1 million, a decline from $93.8 million in 2023, although the gross margin improved to 48.3%. Operating expenses were significantly reduced, contributing to a narrower net loss of $11.9 million for the quarter and $85.6 million for the year.
Strategically, Markforged is set to be acquired by Nano Dimension in an all-cash transaction valued at $5.00 per share, with the merger expected to close by the second quarter of 2025, pending regulatory approvals. This acquisition is anticipated to enhance value for customers and strengthen Markforged’s position in the manufacturing sector.
Looking ahead, Markforged remains optimistic about the adoption of its next-generation products and the potential benefits of the Nano Dimension acquisition, despite the absence of forward-looking guidance due to the pending merger.