Markforged (US:MKFG) Globenewswire·2025-03-28 20:30Core Insights - Markforged Holding Corporation reported its financial results for Q4 and full year 2024, highlighting challenges in the market but expressing optimism about product adoption and a pending acquisition by Nano Dimension [1][3]. Financial Results Summary Fourth Quarter 2024 vs. Fourth Quarter 2023 - Revenue decreased to $22.4 million from $24.2 million - Gross margin declined to 44.8% from 48.4% - Non-GAAP gross margin decreased to 46.4% from 49.5% - Operating expenses reduced to $25.0 million from $31.1 million - Non-GAAP operating expenses decreased to $19.9 million from $24.9 million - Net loss improved to $11.9 million from a net loss of $14.2 million - Non-GAAP net loss improved to $9.0 million from a loss of $11.6 million - Cash and cash equivalents decreased to $53.6 million from $116.9 million [6][20][27]. Full Year 2024 vs. Full Year 2023 - Revenue decreased to $85.1 million from $93.8 million - Gross margin increased to 48.3% from 47.4% - Non-GAAP gross margin increased to 50.1% from 48.6% - Net cash used in operating activities increased to $61.3 million from $48.9 million - Net loss improved to $85.6 million from a net loss of $103.6 million - Net loss per share improved to $4.22 from $5.26 [6][20][27]. Acquisition Updates - Markforged entered into a definitive agreement with Nano Dimension for an all-cash acquisition at $5.00 per share, expected to close in Q2 2025, pending regulatory approval [4][5]. Company Overview - Markforged specializes in industrial 3D printing, enabling on-demand production with its platform, The Digital Forge, serving over 10,000 customers in more than 70 countries [6].