Markforged Holding Corporation Common Stock (MKFG)
2.8600
+0.0400 (1.42%)
Markforged is a technology company that specializes in advanced 3D printing solutions, focusing on the production of high-strength, composite materials for various industrial applications
Their innovative platform combines hardware, software, and materials to enable businesses to streamline their manufacturing processes, reduce costs, and enhance product development. By providing users with the ability to create durable prototypes and end-use parts on demand, Markforged supports a diverse range of industries, including aerospace, automotive, and engineering, effectively transforming traditional manufacturing methodologies.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Stratasys (NASDAQSSYS) and the rest of the custom parts manufacturing stocks fared in Q3.
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3D printer provider Markforged (NYSEMKFG) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 2% year on year to $20.48 million. Its GAAP loss of $1.15 per share was also 62% below analysts’ consensus estimates.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the custom parts manufacturing stocks, including 3D Systems (NYSEDDD) and its peers.
Let’s dig into the relative performance of Stratasys (NASDAQSSYS) and its peers as we unravel the now-completed Q2 custom parts manufacturing earnings season.
Nano Dimension will acquire all outstanding shares of Markforged in an all-cash deal at $5.00 per share. The aggregate total consideration payable to Markforged's shareholders is $115 million.
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