DM - Desktop Metal GAAP EPS of -$0.15 misses by $0.05 revenue of $53.29M beats by $3.09M
2023-08-03 16:14:42 ET
- Desktop Metal press release ( NYSE: DM ): Q2 GAAP EPS of -$0.15 misses by $0.05 .
- Revenue of $53.29M (-7.6% Y/Y) beats by $3.09M .
- Cash, cash equivalents, and short-term investments closed second quarter 2023 at $127.6 million, down $22.2 million from the close of first quarter 2023
- Reaffirming full year 2023 guidance of revenue between $210 to $260 million, and adjusted EBITDA between $(50) to $(25) million, with expectation to achieve adjusted EBITDA breakeven before year end 2023
- Announced definitive agreement to combine with Stratasys in an approximately $1.8 billion all-stock transaction
- Shares +2.21% .
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Desktop Metal GAAP EPS of -$0.15 misses by $0.05, revenue of $53.29M beats by $3.09M