MKFG Earnings Prediction
The chart below shows how MKFG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MKFG sees a +6.74% change in stock price 10 days leading up to the earnings, and a -7.23% change 10 days following the report. On the earnings day itself, the stock moves by -0.40%. This data can give you a slight idea of what to expect for the next quarter's release.
MKFG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
21.69M
-14.78%
5.55%
Gross Margin
50.16%
6.61%
1.70%
Operating Margin
-72.15%
49.44%
-14.63%
Net Margin
-66.39%
-11.02%
-62.05%
EPS
-0.72
-25.77%
-60.00%
No Data Available
MKFG Earnings Analysis
Markforged Holding Corporation Corporation (MKFG.N) Earnings Conference Call
Positive
Markforged had a strong execution in Q2, despite industry sector challenges, demonstrating the effectiveness of their new products and the growing pipeline.
feedback and growing pipeline indicate the strength of new innovations.
Continued rollout of newest platform innovations expected to drive growth in the second half of the year.
Implemented a $25 million cost reduction initiative to reduce annual operating expenses, expected to be completed by the end of 2024.
Accelerated shipments of the FX10 and launched new materials, expanding capabilities of the Digital Forge.
Successful shipment of the first PX100, marking a significant milestone in the company's journey.
Markforged showcased success stories of their customers utilizing the Digital Forge for solving manufacturing challenges and improving productivity.
Example with Parsons Corporation automating the collection and transport of small food product line.
Example with Suntory Products Limited producing parts for a fraction of the cost of traditional sourcing.
Customers across the world increasingly recognizing Digital Forge as a powerful platform to improve manufacturing operations.
Markforged's financial performance in Q2 showed improvements in gross margins, reduced operating expenses, and cash utilization.
Gross margin expansion driven by operational efficiencies and product mix.
Operating expenses down from the second quarter of 2023 due to ongoing cost reduction efforts.
Net cash used in operating activities improved by approximately 29% from the first 6 months of 2023.
Non-GAAP gross margins expected to be in the upper range of previous guidance, contributing to financial stability.
Markforged provided guidance for fiscal year 2024, anticipating double-digit year-over-year growth in the second half driven by sales of new products, particularly the FX10.
Revenues expected to be between $90 million and $95 million, with growth in the second half.
Non-GAAP gross margins expected to be in the upper range of previous guidance.
Continued execution and product performance supporting the company's financial outlook.
Negative
- Revenue for Q2 decreased to $21.7 million compared to $25.4 million in the second quarter of 2023, driven by lower system revenue impacted by market conditions.
- Operating loss in Q2 was $12 million, showing a decline from the second quarter of 2023.
- Net loss in the second quarter of 2024 was $10.8 million, still reflecting a loss despite improvements from the previous period.
- Continuous Composite's post-trial royalty claims could potentially impact gross margins by 5 to 7 percentage points in case of an unfavorable ruling, affecting the financial outlook.
- Fiscal year 2024 revenue guidance of $90 million to $95 million considers macroeconomic headwinds, showing challenges in revenue growth due to market conditions.
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MKFG Earning Call Sentiment
Markforged Holding Corporation (MKFG) Q2 2024 Earnings Call Transcript
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00:00
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MKFG.N
9.46%Positive
The earnings call reveals mixed results with concerning elements: a revenue decline, ongoing legal issues, and tough market conditions. Despite improved margins and cost reductions, lack of guidance clarity and absence of shareholder return initiatives weigh negatively. The Q&A session's unclear responses further dampen sentiment. The positive aspects, such as product launches and operational efficiencies, are overshadowed by the legal and economic challenges, leading to a likely negative stock reaction.
