- Desktop Metal press release ( NYSE: DM ): FY GAAP EPS of -$2.35 misses by $1.07 .
- Revenue of $209.02M (+85.9% Y/Y) beats by $5.79M .
- Revenue contribution of 24% from high-margin consumables, services, and subscription
- GAAP gross margin of 7.2%; non-GAAP gross margin of 22.5%
- GAAP net loss of $740.3 million, including $498.8 million of goodwill impairment and $38.7 million of amortization of acquired intangible assets; non-GAAP net loss of $130.7 million
- Adjusted EBITDA of $(118.4) million
- Cash, cash equivalents, and short-term investments of $184.5 million as of December 31, 2022
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Outlook for Full Year 2023:
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Revenue expectation of between $210 to $260 million for full year 2023
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Adjusted EBITDA expectation of between $(50) to $(25) million for full year 2023, with expectation to achieve Adjusted EBITDA breakeven before year end 2023
For further details see:
Desktop Metal GAAP EPS of -$2.35 misses by $1.07, revenue of $209.02M beats by $5.79M