Markforged Holding Corporation is a global developer and supplier of advanced 3D printing technologies. The company provides a comprehensive suite of products ...
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EPS $-0.26 · Revenue $20.07M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $85.1M | -9.3% | +9.2% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-85.6M | +17.4% | +49.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +48.3% | +1.9% | -8.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -101.9% | +14.2% | +21.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -100.6% | +8.9% | +53.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-62.7M | -19.5% | -72.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -73.7% | -31.7% | -57.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 37.7% | +41.4% | +10.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.48x | -41.4% | +3.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $168.9M | -31.9% | -14.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.42 vs -2.00 | +79.0% | -0.06 vs -0.38 | +84.6% |
| Revenue Surprise | $85.1M vs $85.0M | +0.1% | $22.4M vs $22.3M | +0.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Apr 25, 2025 | Zipori Assaf | officer: Chief Financial Officer | Common Stock | D | 49,803 | $5.00 |
| Apr 25, 2025 | Zipori Assaf | officer: Chief Financial Officer | Common Stock | D | 88,335 | — |
| Apr 25, 2025 | Zipori Assaf | officer: Chief Financial Officer | Earnout Shares | D | 7,554 | — |
| Apr 25, 2025 | Rodriguez Antonio L. | director | Common Stock | D | 20,423 | $5.00 |
| Apr 25, 2025 | Rodriguez Antonio L. | director | Common Stock | D | 142,420 | $5.00 |
Operator: Greetings, and welcome to the Markforged Second Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Austin Bohlig, Director of Investor Relations. Thank you, Austin. You may begin. Austin Bohlig: Good afternoon. I’m Austin Bohlig, Director of Investor Relations of Markforged Holding Corporation. Welcome to our second quarter of 2024 results conference call. We will be discussing the results announced in our earnings press release issued after market close today. With me on the call is our President and CEO, Shai Terem and CFO, Assaf Zipori. Before we get started, I’d like to remind everyone that management will be making statements during this call that include estimates and other forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this call that are not statements of historical facts should be deemed to be forward-looking statements. These statements represent management’s views as of today, August 8, 2024, and are subject to material risks and uncertainties that could cause actual results to differ materially. A description of these risks and uncertainties and other factors that could affect our financial results and performance are included in our SEC filings, including in our most recent annual report on Form 10-K for the fiscal year ended December 31, 2023, and subsequent quarter reports on our Form 10-Q, which may be obtained on the SEC’s website and on our Investor Relations website. Markforged disclaims any intention or obligation, except as required by law, to update or revise the forward-looking statements. Also during the course of today’s call, we refer to certain non-GAAP financial measures. These non-GAAP measures should be considered as a supplement to and not a substitute for our GAAP financial measures. There’s a reconciliation schedule showing the GAAP versus non-GAAP results currently available in our press release issued after market close today, which can also be found on our Investor Relations website at investors.markforged.com. I’ll now turn the call over to Shai Terem, President and CEO of Markforged. Shai Terem: Thank you, Austin, and thank you, everyone, for joining us on our Q2 2024 earnings call. We demonstrated strong execution in Q2, while effectively navigating industry sector challenges. We remain encouraged by the market response to our new products. The positive feedback and growing pipeline underscore the strength of our newest innovations and our ability to meet the needs of our manufacturing customers. As we look ahead to the second half of the year, we see a restoration of growth driven by the continued rollout of our newest platform innovation, the …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Shai Terem | President, Chief Executive Officer & Director | USD 954,260 | Male | 1978 | Active |
Assaf Zipori | Chief Financial Officer and Senior Vice President of Strategy & Corporate Development | USD 547,616 | Male | 1974 | Active |
Stephen Karp | General Counsel & Secretary | USD 381,412 | Male | 1976 | Active |
Austin Richard Bohlig | Director of Investor Relations | — | Male | — | Active |
Eran Nadir | Vice President of Global Operations & Customer Success | — | Male | — | Active |
Richard Elving | Vice President Sales APAC & MD | — | Male | — | Active |
John Howard | Senior Vice President of Engineering | — | Male | — | Active |
Dorit Liberman | Chief Human Resources Officer | — | Female | 1970 | Active |
Andrew Hally | Chief Marketing Officer | — | Male | — | Active |
