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

Markforged (NYSE:MKFG) released its quarterly earnings results on Friday. The company reported ($0.42) EPS for the quarter, missing the consensus estimate 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 company had revenue of $22.30 million during the quarter, compared to analysts’ expectations of $22.30 million.

Markforged Price Performance

Shares of Markforged stock 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. The firm has a market cap of $94.44 million, a price-to-earnings ratio of -1.05 and a beta of 1.50. The firm’s 50-day moving average price is $2.95 and its two-hundred day moving average price is $3.54. Markforged has a 1 year low of $1.57 and a 1 year high of $8.80.

Markforged Company Profile

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.