Markforged Holding Corporation (NYSE:MKFG) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET

Company Participants

Austin Bohlig - Director, IR

Shai Terem - President and CEO

Mark Schwartz - CFO

Conference Call Participants

Troy Jensen - Lake Street Capital Markets, LLC

Greg Palm - Craig-Hallum

Jim Suva - Citigroup

Kieran McCabe - Stifel Nicolaus

Shannon Cross - Credit Suisse

Brian Drab - William Blair & Co.

Operator

Good afternoon, ladies and gentlemen, and welcome to the Markforged Third Quarter 2022 Earnings Conference Call. During the presentation all participants will be in a listen-only mode. Afterwards we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to Austin Bohlig, Director of Investor Relations. Please go ahead.

Austin Bohlig

Good afternoon. I'm Austin Bohlig, Director of Investor Relations of Markforged Holding Corporation. Welcome to our third quarter fiscal year 2022 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 CFO, Mark Schwartz.

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 fact should be deemed to be forward-looking statements. These statements represent management's views as of today, November 9, 2022 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 website, 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 Q3 2022 earnings call. Despite the challenging operating environment, demand for the Digital Forge continued to grow globally in the third quarter, and our strong cost control allowed us to see sequential operating leverage and deliver on our EPS target. It is exciting to see more and more customers unleashing the power of the Digital Forge to design new product, to manufacture new products, and to embed Digital Forge parts in the final product itself.