Markforged Results Presentation Deck
Financial Summary
Started 2023 strong as demand for The Digital Forge grows globally
15
We started the year strong, with record
Q1 revenues of $24.1M, increasing 10%
year-over-year and largest pipeline in
our company's history.
Demand for the Digital Forge grew
across all geographies in Q1, as an
increasing number of manufacturers are
choosing our metal and composite
solutions to solve mission-critical metal
applications at the point of need.
Revenue for the FX20 continues to
exceed our expectations and the costs
to produce the FX20 are declining,
which is helping to drive sequential
gross margin expansion.
The incremental improvements we've
made to our FX20 cost structure,
coupled with our strong operating
expense controls enabled us to make
our Q1 EPS target.
We remain laser focused on margin
expansion and driving profitable growth,
and our financial strength is in our
balance sheet where we exited 01 with
$151.4M in cash, cash equivalents, and
short-term investments and no debt.
2023 Non-GAAP Guidance*
Revenue**
Gross Margin
Operating Loss
EPS
$101.0 -110.0M
47.0 - 49.0%
($55.0-58.0M)
($0.27-0.29)
*We currently intend that non-GAAP reporting will exclude
share-based compensation, other income, and other non-recurring.
unusual and infrequent charges from our GAAP results.
**2023 Revenue guidance is on a GAAP basis.
As provided in the Company's fourth quarter and year earnings
conference call on March 6, 2023.
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