Markforged Announces First Quarter 2024 Results
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MARKFORGED HOLDING CORPORATION |
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CONDENSED CONSOLIDATED STATEMENTS OF |
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COMPREHENSIVE INCOME (LOSS) |
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For the Three Months Ended March 31, 2024 and 2023 |
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(In thousands) |
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Three Months Ended March 31, |
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2024 | | | |
2023 | |
| Net loss | $ | (35,946 | ) | | $ | (19,019 | ) |
| Other comprehensive loss, net of taxes: | | | |
| Unrealized loss on available-for-sale marketable securities, net | | — | | | | (50 | ) |
| Foreign currency translation adjustment | | (1,041 | ) | | | 158 | |
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Total comprehensive loss | $ | (36,987 | ) | | $ | (18,911 | ) |
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MARKFORGED HOLDING CORPORATION |
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DISAGGREGATED REVENUE BY NATURE OF PRODUCTS AND SERVICES |
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(In thousands) (Unaudited) |
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Three Months Ended March 31, |
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(in thousands) | |
2024 | |
2023 |
| Hardware | | $ | 11,274 | | $ | 15,195 |
| Consumables | | | 6,404 | | | 6,455 |
| Services | | | 2,869 | | | 2,440 |
| Total Revenue | | $ | 20,547 | | $ | 24,090 |
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MARKFORGED HOLDING CORPORATION |
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DISAGGREGATED REVENUE BY GEOGRAPHIC LOCATION |
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(In thousands) (Unaudited) |
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Three Months Ended March 31, |
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(in thousands) | |
2024 | |
2023 |
| Americas | | $ | 10,095 | | $ | 10,458 |
| EMEA | | | 6,335 | | | 8,492 |
| APAC | | | 4,117 | | | 5,140 |
| Total Revenue | | $ | 20,547 | | $ | 24,090 |
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