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Markforged Holding Corp

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-05-22Dec-31-21Dec-05-21Dec-31-20Dec-05-20Dec-31-19
   10-K8-K10-K8-K10-K8-KS-1
Revenues:  
    UNITED STATES  43.8 46.7    
    U S      35.1  
    Services        2.7
    APAC        7.2
    Other  57.2 44.5 36.8 62.6
Total revenues  101.0101.091.291.271.971.972.5
            Revenue growth   [+]10.7%10.7%27.0%27.0%-1.0%  
Cost of goods sold  50.350.338.438.429.929.936.3
Gross profit  50.750.752.952.941.941.936.2
            Gross margin  50.2%50.2%57.9%57.9%58.4%58.4%49.9%
Selling, general and administrative   [+]45.095.436.081.722.442.546.7
Research and development   42.4 32.2 17.220.3
Other operating expenses  33.0 14.8 37.2 -0.2
EBITDA   [+]      -29.2
            EBITDA margin  -27.0%-86.3%2.3%-66.9%-24.6%-24.7%-40.2%
Depreciation and amortization        1.4
EBIT   [+]-27.3-87.12.1-61.0-17.7-17.7-30.5
            EBIT margin  -27.0%-86.3%2.3%-66.9%-24.6%-24.7%-42.1%
Non-recurring items        0.2
Interest income, net   [+]2.90.00.00.00.10.01.0
Other income (expense), net   [+]-1.461.31.865.0-0.2-0.2-0.1
Pre-tax income  -25.8-25.83.93.9-17.9-17.9-29.9
Income taxes  -0.4-0.40.10.10.10.10.0
            Tax rate  1.6%1.6%1.4%1.4%   
Net income  -25.4-25.43.93.9-18.0-18.0-31.3
            Net margin  -25.1%-25.1%4.2%4.2%-25.0%-25.0%-43.1%
   
Basic EPS   [+]($0.13)$0.00$0.04$0.00($0.47)$0.00($0.81)
Diluted EPS   [+]($0.13)$0.00$0.03$0.00($0.47)$0.00($0.81)
   
Shares outstanding (basic)   [+]189.7189,747.4108.1108,088.138.338,336.738.7
Shares outstanding (diluted)   [+]189.7189,747.4114.0113,963.438.338,336.738.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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