DM - Desktop Metal Earnings: What to Watch on May 10
Desktop Metal (NYSE: DM) is slated to report its first-quarter 2022 results before the market open on Tuesday, May 10. An analyst conference call is scheduled for the same day at 8 a.m. ET.
The 3D printing company's quarterly report will follow that of well-established industry player 3D Systems , which is on deck for Monday, May 9, after the market close. (Read 3D Systems' earnings preview .) And it will precede the report from the industry's other long-established player, Stratasys , which plans to release its results on Monday, May 16, after the closing bell. (Read Stratasys' earnings preview .)
Investors will probably be approaching Desktop Metal's first-quarter report with a fair dose of caution. Last quarter's report had some positives, including "a continuation of strong revenue growth and gross margin moving in the right direction, and the P-50 entering the commercialization stage," as I wrote at the time. However, there were also reasons for concern, the main one being that the company's "revenue growth has come at a substantial cost, as it's been burning through a lot of cash and issuing new shares to make acquisitions."
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Desktop Metal Earnings: What to Watch on May 10