Markforged Holding Corporation provided earnings guidance for the year 2023. The company is maintaining its revenue guidance to be within the range of $101.0 million - $110.0 million. In accordance with similar seasonality trends within its industry, Markforged anticipates Third Quarter revenues to be mostly in-line with Second Quarter and expects revenues to see the typical end of year ramp up in the fourth quarter.

The company plans to continue its disciplined approach to operating expenses and as such, expects operating expenses for fiscal year 2023 to decline as a percentage of revenue as well as in absolute terms year-over-year, resulting in a lower expected operating loss in the range of $54.0 million - $57.0 million. Accordingly, EPS loss per share is expected to be in the range of $0.25 - $0.27.