MKFG - Markforged Holding GAAP EPS of -$0.10 misses by $0.01 revenue of $24.09M beats by $1.17M

2023-05-11 16:28:26 ET

• Markforged Holding press release ( NYSE: MKFG ): Q1 GAAP EPS of -$0.10 misses by $0.01 .
• Revenue of $24.09M (+10.2% Y/Y) beats by $1.17M .
• Guidance: Markforged is reiterating its full year 2023 guidance given continued macro uncertainties. Revenues are expected to be within the range of $101.0 million - $110.0 million. Markforged expects fiscal year 2023 non-GAAP gross margin to remain in the range of 47% - 49% and the company is confident that gross margins will continue to improve toward historical levels, longer-term. The company continues to expect the cost disciplines it exerts over operating expenses to result in a decline in 2023 operating expenses as a percentage of revenue, compared to 2022. Non-GAAP operating loss is expected to be in the range of $55.0 million - $58.0 million for the year, a loss in the range of $0.27 - $0.29 per share.

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