DM - 3D Printing Company Desktop Metal Slashes FY23 Revenue Outlook Misses Q3 Earnings Expectations | Benzinga
Desktop Metal Inc (NYSE: DM) reported a third-quarter FY23 revenue decline of 9.2% year-over-year to $42.75 million, missing the consensus of $49.77 million.
The decline was driven by lower product sales, a focus on sales of products with higher margins, and partially offset by increased services sales.
Adjusted net loss per share was $(0.08), missed the consensus of $(0.05).
Adjusted net loss narrowed to $(24.51) million from $(33.05) million a year ago.
Q3 GAAP gross margin ...