Markforged (NYSE:MKFG) Posts Earnings Results, Misses Estimates By $0.09 EPS

Markforged (NYSE:MKFG) issued its quarterly earnings data on Friday. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.09), Zacks reports. Markforged had a negative return on equity of 34.99% and a negative net margin of 101.18%. The business had revenue of $22.30 million during the quarter, compared to analysts’ expectations of $22.30 million.

Markforged Stock Performance

MKFG traded down $0.05 on Friday, reaching $4.58. The company had a trading volume of 292,192 shares, compared to its average volume of 128,228. Markforged has a 52-week low of $1.57 and a 52-week high of $8.80. The company has a market cap of $94.44 million, a price-to-earnings ratio of -1.05 and a beta of 1.50. The business has a 50 day simple moving average of $2.95 and a 200 day simple moving average of $3.54.

About Markforged

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.