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Markforged FY 2021 revenue grows by 27%, to $91.2 million Money & Funding

by Technologies

Markforged Holding Corporation reported that its revenues increased 27%, to $91.2 million, in FY 2021, from $71.9 million in 2020. Gross profit grew 26%, to $52.9 million, in 2021 from $41.9 million in 2020 and gross margin was 58% in 2021, consistent with 2020. However net loss from operations also grew during the Markforged FY 2021, to $61.0 million (compared to a net loss from operations of $17.7 million in the year prior). Quarterly (Q4) revenues also grew. The result is even more significant as the company generated almost as much revenue as its competitor Dekstop Metal did after acquiring two large AM companies (and several smaller ones).

VELO3D confirms it is going public via SPAC Merger with Jaws Money & Funding

by Technologies

As initially reported on March 12th, support-less metal L-PBF 3D printer maker VELO3D is the next company to go public via a SPAC merger, with Jaws Spitfire Acquisition Corp. Upon completion of the transaction, which is expected to occur in the second half of 2021, the combined company will operate as VELO3D and will be listed on the New York Stock Exchange under the new ticker symbol VLD.