Desktop Metal Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]
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: Yahoo! Finance
Year-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 2022 Net loss of $(323.4) million in 2023 compared to net loss of $(740.3) million in 2022 Adjusted EBITDA of $(9.2 million), a year-over-year improvement of 56% – and the company's strongest quarterly performance to date GAAP 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 start of DM's cost reduction initiative Cash, cash equivalents, and short-term investments closed fourth quarter 202
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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