MARKFORGED HOLDING Reports Q2 Earnings of USD 25.4 Million, Up 5.0% Year-Over-Year
August 13, 2023
🌥️Earnings Overview
MARKFORGED HOLDING ($NYSE:MKFG) released their Q2 FY2023 earnings on August 10 2023, showing total revenue of USD 25.4 million, a 5.0% year-on-year increase. Net income for the quarter, however, decreased to USD -19.0 million from 4.1 million in the previous year.
Analysis
GoodWhale has conducted an analysis of MARKFORGED HOLDING‘s financials, and based on the Star Chart, the company has achieved an intermediate health score of 6/10. This indicates that MARKFORGED HOLDING could potentially be able to ride out any crisis without the risk of bankruptcy. As MARKFORGED HOLDING is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth, this score is quite encouraging. Investors who are interested in such a company would likely seek out its strengths, which include its assets. However, they must also be aware of its weaknesses in terms of dividend, profitability and growth. Considering these factors, MARKFORGED HOLDING appears to be a moderately healthy company with potential for growth. Therefore, investors interested in such a company may find MARKFORGED HOLDING suitable for investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Markforged Holding. More…
| Total Revenues | Net Income | Net Margin |
| 104.41 | -71.71 | -74.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Markforged Holding. More…
| Operations | Investing | Financing |
| -62.65 | -94.94 | 0.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Markforged Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 304.87 | 85.81 | 1.11 |
Key Ratios Snapshot
Some of the financial key ratios for Markforged Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -69.3% |
| FCF Margin | ROE | ROA |
| -71.5% | -19.8% | -14.8% |
Peers
Markforged Holding Corp is in competition with Datacolor AG, Velo3D Inc, and Desktop Metal Inc. All four companies offer products and services that enable customers to manufacture high-quality products efficiently and affordably. Markforged Holding Corp’s products and services are superior to its competitors in terms of quality, speed, and price.
– Datacolor AG ($LTS:0QK9)
Datacolor is a global leader in color management solutions. The company develops, manufactures, and markets a range of color management products and services. The company has a market cap of 122.5M as of 2022 and a return on equity of 8.92%. Datacolor’s products and services are used by customers in a range of industries, including graphic design, photography, digital imaging, and printing.
– Velo3D Inc ($NYSE:VLD)
Velo3D is a 3D printing company that offers a range of products and services for the aerospace, automotive, and medical industries. The company has a market cap of $695.47 million and a return on equity of -8.65%. Velo3D was founded in 2014 and is headquartered in Santa Clara, California.
– Desktop Metal Inc ($NYSE:DM)
Metal Inc is a publicly traded company with a market capitalization of $798.39 million as of 2022. The company has a negative return on equity of -29.63%. Metal Inc is engaged in the development and commercialization of 3D printing technologies. The company’s products include the Metal Jet system, which is a 3D printer that uses metal powder and binders to create parts; and the Bravo system, which is a 3D printer that uses polymer resins.
Summary
MARKFORGED HOLDING reported its FY2023 Q2 earnings on August 10, 2023, with total revenue of USD 25.4 million, a 5.0% increase year-over-year. Net income was reported at USD -19.0 million, a decrease from 4.1 million in the same period last year. Investors concerned about MARKFORGED HOLDING’s performance should consider its revenue growth and decreased net income. Analysts may also want to examine MARKFORGED’S operating margin and cash flow.
However, considering the company’s performance over the past two quarters, investors may want to take a cautious approach to investing in this stock.
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