Markforged Holding Corp Stock Research

Market Summary

USD0.88+0.01

Market Closed

1.14%

MKFG Stock Price

MKFG RSI Chart

MKFG Valuation

Market Cap

170.6M

Price/Earnings (Trailing)

-14.97

Price/Sales (Trailing)

1.74

EV/EBITDA

0.99

Price/Free Cashflow

-2.14

MKFG Price/Sales (Trailing)

MKFG Profitability

Operating Margin

52.87%

EBT Margin

-11.57%

Return on Equity

-4.42%

Return on Assets

-3.24%

Free Cashflow Yield

-46.7%

MKFG Fundamentals

MKFG Revenue

Revenue (TTM)

97.9M

Revenue Y/Y

4.84%

Revenue Q/Q

4.05%

MKFG Earnings

Earnings (TTM)

-11.4M

Earnings Y/Y

-205.84%

Earnings Q/Q

-663.68%

Price Action

52 Week Range

0.784.33

(Low)(High)

Last 7 days

-3.1%

Last 30 days

-33.2%

Last 90 days

-20.6%

Trailing 12 Months

-78.5%

MKFG Financial Health

Current Ratio

6.9

MKFG Investor Care

Shares Dilution (1Y)

18.84%

Diluted EPS (TTM)

-0.06

Financials for Markforged Holding

* denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	1.2%	97,931	96,768	92,960	91,221	88,921
Gross Profit	-2.8%	51,778	53,244	52,242	52,853	53,551
Operating Expenses	-0.7%	138,498	139,516	125,436	113,893	98,836
S&GA Expenses	3.1%	45,359	43,975	39,357	35,966	21,070
R&D Expenses	1.6%	42,043	41,383	37,440	32,155	25,757
EBITDA	-129.9%	-11,320	37,864	20,637	5,647	-
EBITDA Margin	-129.5%	-0.12*	0.39*	0.22*	0.06*	-
Earnings Before Taxes	-134.0%	-11,332	33,335	18,172	3,911	-2,741
EBT Margin	-133.6%	-0.12*	0.34*	0.20*	0.04*	-
Interest Expenses	-25.0%	12.00	16.00	12.00	16.00	62.00
Net Income	-134.2%	-11,395	33,278	18,113	3,855	1,701
Net Income Margin	-133.8%	-0.12*	0.34*	0.19*	0.04*	-
Free Cahsflow	12.4%	-79,684	-90,943	-62,572	-49,490	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-1.2%	352	356	330	337	344
Current Assets	-17.0%	243	293	310	330	338
Cash Equivalents	-25.2%	182	243	269	289	297
Inventory	27.1%	25.00	19.00	13.00	10.00	11.00
Net PPE	93.2%	13.00	7.00	7.00	6.00	5.00
Goodwill	598.3%	31.00	4.00	-	-	-
Liabilities	4.5%	94.00	90.00	75.00	93.00	111
Current Liabilities	5.1%	35.00	34.00	24.00	25.00	22.00
LT Debt, Non Current	NaN%	-	-	-	-	-
Shareholder's Equity	-3.1%	258	266	254	244	233
Retained Earnings	-34.1%	-90.36	-67.39	-71.47	-75.71	-78.97
Additional Paid-In Capital	4.9%	350	334	326	320	312
Accumulated Depreciation	-6.6%	7.00	7.00	7.00	6.00	6.00
Shares Outstanding	2.9%	194	188	186	186	163

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-1.9%	-72.22	-70.89	-58.36	-45.70	-39.02
Share Based Compensation	-11.9%	23.00	26.00	23.00	19.00	12.00
Cashflow From Investing	-582.6%	-43.09	-6.31	-4.21	-3.79	-2.32
Cashflow From Financing	94.0%	560	289	287	279	-279
Buy Backs	-100.0%	0.00	45.00	180	-	-

Risks for MKFG

What is the probability of a big loss on MKFG?

79.1%

Probability that Markforged Holding stock will be more than 20% underwater in next one year

69.0%

Probability that Markforged Holding stock will be more than 30% underwater in next one year.

61.2%

Probability that Markforged Holding stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MKFG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Markforged Holding was unfortunately bought at previous high price.

Drawdowns

Returns for MKFG

Cumulative Returns on MKFG

Which funds bought or sold MKFG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	sold off	-100	-129,583	-	-%
2023-03-06	Rockefeller Capital Management L.P.	sold off	-100	-	-	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-	-	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	-37,834	53,166	-%
2023-02-15	Point72 Middle East FZE	new	-	11,341	11,341	-%
2023-02-15	Metropolitan Life Insurance Co/NY	sold off	-100	-15,000	-	-%
2023-02-15	Annandale Capital, LLC	unchanged	-	-82,000	116,000	0.04%
2023-02-15	Vestcor Inc	unchanged	-	-	1,000	-%
2023-02-15	State of Wyoming	added	30.54	-10,476	35,524	0.01%
2023-02-15	JANE STREET GROUP, LLC	new	-	161,981	161,981	-%

Latest Funds Activity

Are funds buying MKFG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MKFG

No. of Funds

Markforged Holding News

Schedule 13G FIlings of Markforged Holding

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	trinity tvl xi, llc	3.8%	7,318,367	SC 13G/A
Feb 10, 2023	senvest management, llc	8.83%	17,141,219	SC 13G/A
May 11, 2022	senvest management, llc	5.28%	9,945,111	SC 13G
May 06, 2022	mark gregory	3.5%	6,660,428	SC 13D/A
Apr 13, 2022	mark gregory	7.6%	14,288,048	SC 13D/A
Feb 14, 2022	integrated core strategies (us) llc	0.0%	14,853	SC 13G/A
Feb 09, 2022	ark investment management llc	6.02%	11,182,279	SC 13G
Feb 09, 2022	senvest management, llc	1.52%	2,825,032	SC 13G/A

MKFG Fair Value

Recent SEC filings of Markforged Holding

View All Filings

Date Filed	Form Type	Document
Mar 17, 2023	S-8	Employee Benefits Plan
Mar 17, 2023	10-K	Annual Report
Mar 16, 2023	4	Insider Trading
Mar 06, 2023	8-K	Current Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	4/A	Insider Trading
Feb 13, 2023	4	Insider Trading
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13G/A	Major Ownership Report
Jan 17, 2023	4	Insider Trading

Latest Insider Trading transactions for MKFG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-14	Schwartz Mark Joseph	sold	-29,100	0.97	-30,000	chief financial officer
2023-02-11	Terem Shai	sold (taxes)	-17,303	1.21	-14,300	chief executive officer
2023-01-15	Karp Stephen	sold (taxes)	-302	1.38	-219	general counsel
2023-01-01	Karp Stephen	sold (taxes)	-5,831	1.16	-5,027	general counsel
2023-01-01	Terem Shai	sold (taxes)	-62,672	1.16	-54,028	chief executive officer
2023-01-01	Schwartz Mark Joseph	sold (taxes)	-31,990	1.16	-27,578	chief financial officer
2022-11-15	Schwartz Mark Joseph	sold	-48,976	1.71	-28,641	chief financial officer
2022-11-14	Schwartz Mark Joseph	sold	-87,423	1.70221	-51,359	chief financial officer
2022-11-11	Terem Shai	sold (taxes)	-26,856	1.84	-14,596	chief executive officer
2022-10-15	Karp Stephen	sold (taxes)	-327	1.78	-184	general counsel

About Markforged Holding

Shai Terem

https://markforged.com/

330

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. The company offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. It serves customers in aerospace, military and defense, industrial automation, space exploration, healthcare, and automotive industries. Markforged Holding Corporation was founded in 2013 and is headquartered in Watertown, Massachusetts.

MKFG Income Statement

2022-12-31

Consolidated Statements Of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Revenue	$ 100,958	$ 91,221
Cost of revenue	50,252	38,368
Gross profit	50,706	52,853
Operating expenses
Sales and marketing	44,975	35,966
Research and development	42,387	32,155
General and administrative	50,428	45,772
Total operating expenses	137,790	113,893
Loss from operations	(87,084)	(61,040)
Change in fair value of derivative liabilities	1,485	1,808
Change in fair value of contingent earnout liability	57,307	63,407
Other expense	(381)	(265)
Interest expense	(11)	(16)
Interest income	2,878	17
Profit (loss) before income taxes	(25,806)	3,911
Income tax (benefit) expense	(418)	56
Net profit (loss) and comprehensive income (loss)	$ (25,388)	$ 3,855
Weighted average shares outstanding - basic	189,747,367	108,088,115
Weighted average shares outstanding - diluted	189,747,367	113,963,424
Net profit (loss) per share - basic	$ (0.13)	$ 0.04
Net profit (loss) per share - diluted	$ (0.13)	$ 0.03

MKFG Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 124,242	$ 288,603
Total short-term investments	43,690	0
Accounts receivable, net	29,294	26,777
Inventory	26,409	10,377
Prepaid expenses	2,847	3,921
Other current assets	3,334	511
Total current assets	229,816	330,189
Property and equipment, net	18,298	6,349
Intangible assets, net	17,626	0
Goodwill	31,116	0
Right-of-use asset	45,955	0
Other assets	3,130	776
Total assets	345,941	337,314
Current liabilities
Accounts payable	14,425	11,403
Accrued expenses	9,663	7,411
Deferred revenue	8,854	6,288
Lease liabilities	8,022	0
Other current liabilities	0	310
Total current liabilities	40,964	25,412
Long-term deferred revenue	5,358	3,742
Deferred rent	0	1,623
Contingent earnout liability	2,415	59,722
Lease liability - long term	40,608	0
Other liabilities	4,042	2,646
Total liabilities	93,387	93,145
Commitments and contingencies (Note 17)
Stockholders' equity
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at December 31, 2022 and December 31, 2021; 194,560,946 and 185,993,058 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively	19	19
Additional paid-in capital	352,564	319,859
Accumulated deficit	(101,097)	(75,709)
Accumulated other comprehensive income	1,068	0
Total stockholders' equity	252,554	244,169
Total liabilities and stockholders' equity	$ 345,941	$ 337,314