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

Markforged (NYSE:MKFG) announced its quarterly earnings data on Friday. The company reported ($0.42) 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 the consensus estimate of $22.30 million.

Markforged Price Performance

Shares of NYSE:MKFG opened at $4.58 on Friday. The company’s 50-day moving average price is $2.95 and its two-hundred day moving average price is $3.55. Markforged has a one year low of $1.57 and a one year high of $8.80. The stock has a market capitalization of $94.44 million, a PE ratio of -1.05 and a beta of 1.50.

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.