Markforged Holding Corporation (NYSE:MKFG) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET

Company Participants

Austin Bohlig – Director-Investor Relations

Shai Terem – President and Chief Executive Officer

Mark Schwartz – Chief Financial Officer

Conference Call Participants

Brian Drab – William Blair

Jacob Stephan – Lake Street Capital Markets

Jim Suva – Citigroup

Greg Palm – Craig-Hallum

Noelle Dilts – Stifel

Jared Maymon – Berenberg Capital Markets

Operator

Thank you for standing by. This is the conference operator. Welcome to the Markforged Second Quarter 2022 Earnings Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

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

Austin Bohlig

Good afternoon. I'm Austin Bohlig, Director of Investor Relations of Markforged Holding Corporation. Welcome to our second 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 would 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 11, 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 refer to certain non-GAAP financial measures. There is 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 Chief Executive Officer of Markforged.

Shai Terem

Thank you, Austin. And thank you everyone for joining us on our Q2 2022 earnings call. I'm pleased to share that once again, Markforged delivered a strong performance in the second quarter. We continue to execute against our long-term strategy and delivered robust results across all segments and geographies. Revenue for the second quarter of 2022 was $24.2 million, increasing 19% year-over-year. Demand for the Digital Forge remains strong globally and our pipeline of opportunities continues grow across our complete portfolio.