Revenues increased by 27% from to US$71.9 million in 2020 to US$91.2 million 2021.
For Q4 2021, revenues increased by 9% to US$26.6 million. For 2022, the company anticipates full-year revenue between US$114 - US$123.0 million, representing year over year growth of 30% at the midpoint of that range.
“We executed on the plan we shared a year ago and beat our targets for 2021, making Markforged one of the fastest organically growing additive manufacturing companies, with industry-leading gross margins,” said Shai Terem, president and CEO. “Thanks to the hard work of our team, we exceeded growth targets for both the fourth quarter and full fiscal year.”
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