Desktop Metal Announces Fourth Quarter and Full Year 2023 Financial Results
Desktop Metal, Inc. Class A (DM)
Last desktop metal, inc. class a earnings: 11/1 07:31 am
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US:NYSE Investor Relations:
dommidstream.com/investors
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Source: Business Wire
Revenue of $52.3 million, down from $60.6 million in the same quarter a year ago, and up 22% sequentially over the prior quarterYear-over-year improvements to net loss, adjusted EBITDA, gross margins, non-GAAP gross margins, operating expenses, and operating cash flow following more than $150 million in cost reduction efforts announced since June 2022Net loss of $(323.4) million in 2023 compared to net loss of $(740.3) million in 2022Adjusted EBITDA of $(9.2 million), a year-over-year improvement of 56% – and the company’s strongest quarterly performance to dateGAAP gross margin of (32)%; GAAP gross margin was negatively impacted by one-time non-cash restructuring activities in the quarter. Non-GAAP gross margin of 34%, a year-over-year improvement of 39.9%.Quarterly GAAP operating expenses declined 58% year over year, both periods were impacted by goodwill impairment. Quarterly non-GAAP operating expenses declined for seven consecutive quarters to $31.6 million, down 39% from the sta
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DM
Earnings
- 11/9/23 - Miss
DM
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- DM's page on the SEC website