Markforged Announces Second Quarter 2021 Results
Markforged Holding Corporation (NYSE:MKFG), creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, today announced the results of MarkForged, Inc. from the second quarter ended June 30, 2021.1
Financial Highlights
Revenue increased by 44.1% to $20.4 million in the second quarter of 2021 from $14.2 million in the second quarter of 2020.
Gross profit grew 60.0% to $11.9 million in the second quarter of 2021 from $7.5 million in the second quarter of 2020.
Gross margins expanded to 58% in the second quarter of 2021 compared to 53% in the second quarter of 2020.
EBITDA was ($10.7) million in the second quarter of 2021.
Adjusted EBITDA wa
