Financial Data and Key Metrics Changes - In Q4 2021, revenue reached $26.6 million, bringing total revenue for 2021 to $91.2 million, representing a 27% annual organic growth with 58% gross margins [10][25] - Gross profit for the year increased to $52.9 million, achieving a gross profit margin of 57.9% compared to 58.4% in 2020 [27] - Adjusted EBITDA for the year was a loss of $38.7 million, or $0.21 per share based on 186 million shares outstanding [33] Business Line Data and Key Metrics Changes - Sales of industrial solutions saw approximately a 50% year-over-year increase, particularly in aerospace and automotive sectors [15] - Research and development expenses increased by 87.2% to $32.2 million compared to $17.2 million in the previous year, reflecting a commitment to accelerate new product time to market [30][32] Market Data and Key Metrics Changes - The company reported growth across all products and services and across all geographic regions [25] - The Digital Forge platform has over 12,000 active printers that have printed over 11 million parts, indicating strong market adoption [12] Company Strategy and Development Direction - The company aims to expand its addressable market by introducing new capabilities to the Digital Forge, which is a top priority for 2022 [18] - The FX20 printer and ULTEM 9085 Filament with Continuous Fiber Reinforcement are expected to drive significant demand in industries such as aerospace, defense, and automotive [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming supply chain challenges and maintaining revenue expectations for 2022 despite current global pressures [49][50] - The company anticipates full-year 2022 revenues to be between $114 million and $123 million, representing a year-over-year growth of 30% at the midpoint of that range [37] Other Important Information - The company ended the year with approximately 400 employees, nearly doubling its size, and focused on hiring for go-to-market and engineering teams [17] - Management highlighted the importance of maintaining industry-leading gross margins despite ongoing supply chain pressures [27] Q&A Session Summary Question: Can you discuss the challenges impacting gross margin? - Management noted supply chain issues, including extended lead times for mechanical components and increased costs for materials and labor, impacting gross margins by 200 to 300 basis points [45][47] Question: How confident are you in securing parts needed for production? - Management expressed confidence in overcoming supply chain challenges, having secured parts in advance to ensure availability through 2022 [49][50] Question: What is the current status of the FX20 order pipeline? - Management reported over 100 opportunities in the field, with several dozen orders already placed, indicating robust demand for the FX20 [56][60] Question: What are your thoughts on share-based compensation for 2022? - Management indicated that share-based compensation remains a significant part of employee compensation and is not expected to be an outlier in 2022 [61][63] Question: Are there any changes to pricing due to input costs? - Management confirmed minor price adjustments on the industrial series but emphasized sensitivity to customer relationships and long-term profitability [87][97]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39453 Markforged Holding Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 98-1545859 (State or oth ...

Financial Data and Key Metrics Changes - The company achieved revenue of $24 million in Q3 2021, representing a 54% year-over-year growth compared to $15.6 million in Q3 2020 [21][31] - Gross profit increased by 47.2% year-over-year to $13.7 million, with a gross margin of 57%, down from 59.6% in the same quarter last year [32][33] - Operating expenses for Q3 were $33.9 million, with adjusted operating expenses of $27.8 million after accounting for stock-based compensation [35][36] - Adjusted EBITDA for Q3 was a loss of $11.6 million, equating to $0.06 per share based on 186 million shares outstanding [38][39] Business Line Data and Key Metrics Changes - Hardware sales increased by 58.4% year-over-year, contributing to overall revenue growth [31] - Research and development expenses rose by 134.5% year-over-year to $9.5 million, reflecting a strong commitment to innovation [37] Market Data and Key Metrics Changes - The company reported strong performance across all geographic regions despite global supply chain disruptions [21][31] - The Digital Forge platform is positioned to address supply chain challenges by enabling on-demand part production [20] Company Strategy and Development Direction - The company aims to reinvent manufacturing by enabling customers to print mission-critical industrial applications at the point of need [10][11] - New product releases, such as the FX20 printer and aerospace-ready composite materials, are expected to expand the addressable market [28][26] - The introduction of Eiger Fleet software is designed to enhance the management of multiple printers for large customers [23][57] Management's Comments on Operating Environment and Future Outlook - Management noted that the COVID-19 pandemic has accelerated demand for their solutions as companies seek to build more resilient supply chains [20][66] - There is cautious optimism regarding gross margins, with expectations that they will remain strong despite ongoing supply chain pressures [59][60] Other Important Information - The company has grown its workforce to 361 employees, focusing on engineering to accelerate product development [27] - The FX20 printer is anticipated to significantly increase the addressable market for larger and higher volume production parts [29] Q&A Session Summary Question: FX20 capabilities and competition - The FX20 will support ULTEM, Onyx, and Continuous Fibers, enhancing its competitive edge against Stratasys [47] Question: Large customer orders and Eiger Fleet - The company confirmed that many customers are purchasing multiple machines, driven by the capabilities of the Eiger Fleet software [56][57] Question: Impact of global supply chain constraints - Management observed a change in customer behavior, with increased urgency in orders as companies seek to mitigate supply chain risks [66] Question: Industry-specific interest - The company noted strong interest across various industries, particularly from those unable to procure traditional manufacturing solutions [72][75] Question: Guidance on gross margins for 2022 - Management indicated that while there are challenges, they remain optimistic about maintaining strong gross margins in the medium to long term [78]

Markforged Holding Corporation (NYSE:MKFG) Q2 2021 Earnings Conference Call August 12, 2021 5:00 PM ET Company Participants Stephen Karp ??? General Counsel Shai Terem ??? President and Chief Executive Officer Mark Schwartz ??? Chief Financial Officer Conference Call Participants Troy Jensen ??? Lake Street Capital Brian Drab ??? William Blair Jim Suva ??? Citigroup Operator Good day, ladies and gentlemen, and welcome to the Markforged Second Quarter 2021 Earnings Conference Call. During the presentation, a ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to MARKFORGED HOLDING CORPORATION Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaware 001-39453 98-1545859 (State or other jurisdiction of i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to________________ one (Exact name of registrant as specified in its charter) | Cayman Islands | 001-39453 | 98-1545859 | | --- | --- | --- | | (State or other jurisdict ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to one (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 001-39453 98-154585 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to one (Exact name of registrant as specified in its charter) Cayman Islands 001-39453 N/A (State or other jurisdiction (Commission (I.R.S. Employer of incorporation ...