Markforged Holding Corporation (MKFG) Tops Q4 EPS by 10c, Offers Guidance

Markforged Holding Corporation (NYSE: MKFG) reported Q4 EPS of $0.02, $0.10 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $26.6 million versus the consensus estimate of $24.51 million.

GUIDANCE:

Markforged Holding Corporation sees FY2022 revenue of $114-123 million, versus the consensus of $120.3 million.

• Full-year revenue is anticipated to be $114.0 - $123.0 million, representing year over year growth of 30% at the midpoint of that range.
• Factoring in seasonality and FX20 revenue in the second half of the year, we expect 60% - 65% of our revenue will be recognized in the second half of the year.
• Expectations continue for generating industry-leading gross margins, with full-year non-GAAP gross margin expected to be in the range of 55% - 57%.
• We expect operating expenses to decline as a percentage of our revenue, resulting in a non-GAAP operating loss in the range of $52.0 - $57.0 million for the year.
• We expect non-GAAP earnings per share results for the full year to be a loss in the range of $0.28 - $0.31 per share, based on an outstanding share count of approximately 186 million shares.
• Beginning in the first quarter of 2022, we intend to supplement the reporting of our GAAP results with certain non-GAAP results for gross profit, operating profit, and earnings per share, intended to provide broader insight into how we manage our business. We believe this will provide a more meaningful set of data points, for comparison purposes, than our prior non-GAAP reporting of adjusted EBITDA.

For earnings history and earnings-related data on Markforged Holding Corporation (MKFG) click here.

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