Markforged reports revenue growth in Q1 2022 by +8.6%

Markforged, a manufacturer of 3D printers for metal and plastic composites and carbon fiber, generated $ 21.9 million in revenues in the first quarter of 2022, an increase of + 8.6% year-on-year, compared to 20.1 million dollars achieved in the first quarter of 2021 Gross margin was 53.1%, up -7.4% compared to the previous year.

As part of its long-term growth strategy, Markforged has made continuous but balanced investments to accelerate R&D efforts and new product launches. Employment in the company is steadily growing and currently has 400 employees.

Markforged confirmed its forecast for the full year 2022. Revenues are expected to be in the 114-123 million dollar range and non-GAAP gross margins are expected to be in the 55-57% range. Non-GAAP earnings per share for the full year are expected to be a loss in a range of $ 0.28-0.31 per share, assuming the number of shares remaining is approximately 187 million shares.

Source: www.markforged.com