Markforged (NYSE:MKFG) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Markforged (NYSE:MKFG - Get Free Report) released its earnings results 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 net margin of 101.18% and a negative return on equity of 34.99%. The business had revenue of $22.30 million during the quarter, compared to analyst estimates of $22.30 million.

Markforged Trading Up 2.8 %

NYSE:MKFG traded up $0.13 during trading hours on Wednesday, hitting $4.72. 544,529 shares of the company traded hands, compared to its average volume of 131,354. The stock has a market capitalization of $97.33 million, a price-to-earnings ratio of -1.09 and a beta of 1.50. The firm has a 50-day moving average of $3.00 and a 200 day moving average of $3.60. Markforged has a twelve month low of $1.57 and a twelve month high of $8.27.

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.