Top 5 3D Printing Companies in the World

4. Markforged Holding Corporation (NYSE:MKFG)

Number of Hedge Fund Holders: 17

Markforged Holding Corporation (NYSE:MKFG) is a Watertown, Massachusetts-based manufacturer and seller of 3D metal and continuous carbon fiber printers, software, materials, and other related services.

Markforged Holding Corporation (NYSE:MKFG) reported its Q2 2022 results on August 11. Revenue increased by 18.6% YoY to $24.23 million for the three months and outperformed the analysts’ forecast of $22.46 million. Markforged Holding Corporation (NYSE:MKFG) has outperformed the broader industry during periods of recession due to its ability to generate healthy cash flows and a strong balance sheet. Furthermore, the company has the highest gross profit margin in the industry despite a top line that is 80% lower than its larger competitors.

Markforged Holding Corporation’s (NYSE:MKFG) management is focused on launching major new products every year. Manufacturers are increasingly turning to Markforged Holding Corporation’s (NYSE:MKFG) most recent 3D printer, FX20, for more significant applications through the Digital Forge. Due to the printer’s ability to print parts that can withstand high temperatures, the demand for FX20 surpassed the company’s expectations during Q2 2022.

As of Q2 2022, 17 funds held a stake in Markforged Holding Corporation (NYSE:MKFG).