Markforged Holding Corporation (NYSE:MKFG) Q2 2023 Results Conference Call August 10, 2023 5:00 PM ET

Company Participants

Austin Bohlig - Director, IR

Shai Terem - President, CEO

Assaf Zipori - CFO

Conference Call Participants

Shannon Cross - Credit Suisse

Brian Drab - William Blair

Operator

Greetings, and welcome to the Markforged's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Austin Bohlig. Thank you, Austin. You may begin.

Austin Bohlig

Good afternoon. I'm Austin Bohlig, Director of Investor Relations of Markforged Holding Corporation. Welcome to our second quarter of 2023 results conference call. We will be discussing the results announced in our earnings press release issued after market close today. With me on the call is our President and CEO, Shai Terem; and our active CFO, Assaf Zipori.

Before we get started, I'd like to remind everyone that management will be making statements during this call that include estimates and other forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this call that are not statements of historical facts should be deemed to be forward-looking statements. These statements represent management's views as of today, August 10, 2023 and are subject to material risks and uncertainties that could cause actual results to differ materially. Markforged disclaims any intention or obligation, except as required by law, to update or revise forward-looking statements.

Also, during the course of today's call, we'll refer to certain non-GAAP financial measures. There's a reconciliation schedule showing the GAAP versus non-GAAP results currently available in our press release issued after market close today, which can also be found on our Web site, at investors.markforged.com.

I'll now turn the call over to Shai Terem, President and CEO of Markforged.

Shai Terem

Thank you, Austin. And thank you, everyone, for joining us on our Q2 2023 earnings call. I'm part of our team performance in the second quarter as we continue to execute on our long-term strategy to grow through innovation and bring industrial production to the point of need. And not this important, we prudently managed our costs as well, keeping us on a firm path to profitability. While we have a long journey ahead, we believe Mark Forge feels a critical need in the market to strengthen manufacturing, resiliency and supply chains. The demand for our solution continues to grow as our customers identify more and more opportunities to cut costs, save time, and reduce physical inventories while building efficiencies to their own production lines.