Markforged Holding Corporation

MKFG

MKFGMarkforged Holding Corporation US flag

New York Stock Exchange

4.74

USD

-0.02

- -

98.34MMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	72	91	101	94	85
+ Sales & Services Revenue	72	91	101	94	85
- Cost of Revenue	30	38	50	49	44
+ Cost of Goods & Services	30	38	50	49	44
Gross Profit	42	53	51	44	41
+ Other Operating Income	- -	- -	- -	- -	- -
- Operating Expenses	60	114	138	126	110
+ Selling, General & Admin	42	82	95	86	78
+ Research & Development	17	32	42	41	32
+ Other Operating Expense	- -	- -	- -	- -	- -
Operating Income (Loss)	-18	-61	-87	-82	-69
- Non-Operating (Income) Loss	- -	-65	-61	22	18
+ Interest Expense, Net	- -	- -	-3	-6	-3
+ Interest Expense	- -	- -	- -	- -	1
- Interest Income	- -	- -	3	6	4
+ Other Non-Op (Income) Loss	- -	-65	-58	28	21
Pretax Income	-18	4	-26	-104	-87
- Income Tax Expense (Benefit)	- -	- -	- -	-1	-1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-18	4	-25	-104	-86
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-18	4	-25	-104	-86
- Minority Interest	- -	- -	- -	- -	- -
Net Income, GAAP	-18	4	-25	-104	-86
- Preferred Dividends	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-18	4	-25	-104	-86
EBIT	-18	-61	-87	-82	-69
EBITDA	-16	-59	-78	-69	-57
EBITDA Margin (%)	-22.19	-65.03	-77.16	-73.83	-66.91
EBITA	-18	-61	-87	-82	-69
Gross Margin (%)	58.36	57.94	50.22	47.36	48.27
Operating Margin (%)	-24.69	-66.91	-86.26	-87.34	-81.04
Profit Margin (%)	-25.03	4.23	-25.15	-110.43	-100.56
Sales per Employee	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -
Depreciation Expense	2	2	9	13	12
Basic Weighted Avg Shares	19	11	19	20	20
Basic EPS, GAAP	-0.97	0.36	-1.34	-5.26	-4.22
Basic EPS from Cont Ops	-0.97	0.36	-1.34	-5.26	-4.22
Diluted Weighted Avg Shares	19	11	19	20	20
Diluted EPS, GAAP	-0.97	0.34	-1.34	-5.26	-4.22
Diluted EPS from Cont Ops	-0.97	0.34	-1.34	-5.26	-4.22

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	85	330	230	172	101
+ Cash, Cash Equivalents & STI	59	289	168	117	54
+ Cash & Cash Equivalents	59	289	124	117	54
+ ST Investments	- -	- -	44	- -	- -
+ Accounts & Notes Receiv	17	27	29	24	21
+ Accounts Receivable, Net	17	27	29	24	21
+ Notes Receivable, Net	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -
+ Inventories	7	10	26	27	22
+ Raw Materials	2	1	5	4	3
+ Work In Process	- -	- -	- -	1	2
+ Finished Goods	5	9	22	22	18
+ Inventory Adjustments	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -
+ Other ST Assets	3	4	6	5	5
+ Misc ST Assets	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -
Total Noncurrent Assets	5	7	116	75	68
+ Property, Plant & Equip, Net	4	6	64	55	45
+ Property, Plant & Equip	9	12	72	65	58
- Accumulated Depreciation	4	6	7	11	13
+ LT Investments & Receivables	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -
+ Other LT Assets	1	1	52	21	23
+ Total Intangible Assets	- -	- -	49	17	20
+ Goodwill	- -	- -	31	- -	- -
+ Other Intangible Assets	- -	- -	18	17	20
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	3	4	3
Total Assets	90	337	346	248	169
+ Payables & Accruals	8	14	19	18	22
+ Accounts Payable	3	11	14	13	16
+ Accrued Taxes	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -
+ Other Payables & Accruals	5	2	4	4	5
+ ST Debt	- -	- -	8	7	6
+ ST Borrowings	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	8	7	6
+ Other ST Liabilities	10	12	14	15	13
+ Deferred Revenue	6	6	9	9	9
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Misc ST Liabilities	4	5	5	7	4
Total Current Liabilities	18	25	41	41	41
+ LT Debt	5	- -	41	36	27
+ LT Borrowings	5	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	41	36	27
+ Other LT Liabilities	142	68	12	10	15
+ Accrued Liabilities	4	5	5	6	5
+ Pension Liabilities	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Misc LT Liabilities	138	62	6	4	10
Total Noncurrent Liabilities	147	68	52	46	42
Total Liabilities	165	93	93	86	82
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Share Capital & APIC	6	320	353	366	378
+ Common Stock	- -	- -	- -	- -	- -
+ Additional Paid in Capital	6	320	353	366	378
- Treasury Stock	1	- -	- -	- -	- -
+ Retained Earnings	-80	-76	-101	-205	-290
+ Other Equity	- -	- -	1	- -	-2
Equity Before Minority Interest	-75	244	253	162	87
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
Total Equity	-75	244	253	162	87
Total Liabilities & Equity	90	337	346	248	169
Shares Outstanding	19	19	19	20	21
Number of Employees	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	49	43	33
Net Debt	-54	-289	-124	-117	-54
Net Debt to Equity	71.14	-118.2	-49.19	-72.31	-62
Tangible Common Equity Ratio	-84.23	72.39	68.58	62.59	44.76
Current Ratio	4.7	12.99	5.61	4.23	2.48
Cash Conversion Cycle	- -	103.42	163.84	198.92	163.11

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	-18	4	-25	-104	-86
+ Depreciation & Amortization	2	2	9	13	12
+ Non-Cash Items	3	-44	-40	44	17
+ Stock-Based Compensation	3	19	18	14	12
+ Deferred Income Taxes	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	33	- -
+ Other Non-Cash Adj	1	-63	-58	-3	5
+ Chg in Non-Cash Work Cap	6	-7	-18	-2	-5
+ (Inc) Dec in Accts Receiv	1	-10	-2	6	3
+ (Inc) Dec in Inventories	-1	-4	-14	-1	3
+ (Inc) Dec in Prepaid Assets	- -	-2	1	- -	- -
+ Inc (Dec) in Accts Payable	1	7	3	-1	2
+ Inc (Dec) in Other	6	2	-6	-7	-12
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Operating Activities	-6	-46	-74	-49	-61
+ Change in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-4	-11	-4	-1
+ Acq of Fixed Prod Assets	-1	-4	-11	-4	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1	165	- -	- -	- -
+ Increase in Capital Stock	- -	210	- -	- -	- -
+ Decrease in Capital Stock	-1	-45	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-44	46	- -
+ Dec in LT Investment	- -	- -	- -	65	- -
+ Inc in LT Investment	- -	- -	-44	-19	- -
+ Net Cash From Acq & Div	- -	- -	-36	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-36	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-4	-91	42	-1
+ Dividends Paid	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	-5	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	-5	- -	- -	- -
+ Other Financing Activities	7	119	2	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Financing Activities	6	279	2	-1	-1
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -
Net Changes in Cash	-1	230	-163	-7	-64
EBITDA	-16	-59	-78	-69	-57
EBITDA Margin (%)	-22.19	-65.03	-77.16	-73.83	-66.91
Free Cash Flow	-7	-49	-85	-52	-63
Net Cash Paid for Acquisitions	- -	- -	36	- -	- -
Free Cash Flow to Firm	- -	-49	- -	- -	- -
Free Cash Flow to Equity	- -	-55	-85	-52	-63
Free Cash Flow per Basic Share	-0.38	-4.58	-4.48	-2.67	-3.1
Price/Free Cash Flow	-342.87	-14.6	-3.54	-3.56	-1.06
Cash Flow to Net Income	0.36	-11.86	2.9	0.47	0.72
Capital Expenditures	-1	-4	-11	-4	-1