Desktop Metal: Q3 Earnings Insights

Desktop Metal DM reported its Q3 earnings results on Thursday, November 9, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Desktop Metal missed estimated earnings by 100.0%, reporting an EPS of $-0.08 versus an estimate of $-0.04.

Revenue was down $4.34 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 3.31% drop in the share price the next day.

Here's a look at Desktop Metal's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.05 -0.08 -0.09 -0.08
EPS Actual -0.06 -0.20 -0.08 -0.10
Revenue Estimate 57.35M 48.68M 54.38M 60.27M
Revenue Actual 53.29M 41.32M 60.56M 47.09M

To track all earnings releases for Desktop Metal visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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