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home / news releases / DM - Desktop Metal: We Got Some Problems

DM - Desktop Metal: We Got Some Problems

Dominion Energy Midstream Partners LP representing Limited Partner Interests
  • Desktop Metal's shares fell 61% today, literally slicing its valuation in half.
  • The company announced its intention to sell US$150M worth of Convertible Senior Notes maturing in 2027.
  • Desktop Metal missed revenue by US$0.29M and came in at US$43.7M for the first quarter.
  • Q1 GAAP EPS was -US$0.22, compared to -US$0.16 expected.
  • Despite the poor results, Desktop Metal expects US$260M in revenue for full year 2022 with approximately -US$90M in adjusted EBITDA.

For further details see:

Desktop Metal: We Got Some Problems
Stock Information
Company Name: Dominion Energy Midstream Partners LP representing Limited Partner Interests
Stock Symbol: DM
Market: NYSE
Website: desktopmetal.com
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