Markforged
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Markforged (MKFG) investor relations material

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Markforged Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Markforged Holding Corporation
Q4 2024 earnings summary28 Mar, 2025

Executive summary

  • Q4 2024 revenue declined to $22.4M from $24.2M year-over-year; full-year revenue was $85.1M, down from $93.8M.

  • Net loss for Q4 2024 was $11.9M, improved from $14.2M in Q4 2023; full-year net loss was $85.6M, compared to $103.6M in 2023.

  • Pending all-cash acquisition by Nano Dimension at $5.00 per share, expected to close by Q2 2025.

Financial highlights

  • Q4 gross margin was 44.8% (46.4% non-GAAP), down from 48.4% (49.5% non-GAAP) year-over-year.

  • Full-year gross margin improved to 48.3% (50.1% non-GAAP) from 47.4% (48.6% non-GAAP) in 2023.

  • Q4 non-GAAP net loss was $9.0M, improved from $11.6M; full-year non-GAAP net loss was $40.5M, better than $51.2M in 2023.

  • Cash and equivalents fell to $53.6M at year-end from $116.9M a year earlier.

  • Net cash used in operations increased to $61.3M from $48.9M year-over-year.

Segment performance

  • Hardware revenue for 2024 was $49.1M, consumables $23.4M, and services $12.6M.

  • Americas contributed $41.3M, EMEA $25.4M, and APAC $18.4M to full-year revenue.

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Frequently asked questions

Markforged Holding Corporation is a U.S.-based company that specializes in advanced 3D printing technology. It offers a range of 3D printers, including desktop, industrial, and metal printers, along with software and materials designed to produce high-strength parts using metal, carbon fiber, and other composite materials. Markforged serves various industries, including aerospace, automotive, defense, healthcare, and manufacturing, where its technology is used for creating durable, mission-critical parts on demand. Markforged is headquartered in Waltham, Massachusetts, and trades on the New York Stock Exchange.