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DM - Desktop Metal stock plunges after wider than expected Q1 loss
Dominion Energy Midstream Partners LP representing Limited Partner Interests
3D printing company Desktop Metal (DM) falls over 11% after hours following a mixed Q1 report.Revenue was up 234% on the year to $11.31M, about $1.4M ahead of consensus estimates. The $0.25 loss per share was $0.13 worse than expected.Non-GAAP gross profit improved $3.3M on the year to a positive $600,000.Cash and equivalents totaled $572.2M at the end of the quarter.The full-year outlook includes revenue of over $100M (consensus: $100.7M), exiting the year with an annualized revenue run rate of $160M. Adjusted EBITDA loss is expected at $60-70M.Earnings press release.