Desktop Metal ( (DM) ) has released a notification of late filing.
Desktop Metal, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to complications arising from a pending merger with Nano Dimension Ltd., which has hindered the completion of the company’s financial statement audit. The company is currently unable to predict when the audit will be completed and the report filed. Desktop Metal anticipates a reduction in revenue and operating expenses for 2024 compared to the previous year, influenced by the merger and strategic cost optimization efforts. The company is actively working on compliance and the notification is signed by Jason Cole, Chief Financial Officer.
More about Desktop Metal
YTD Price Performance: 2.23%
Average Trading Volume: 291,172
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $83.02M
See more data about DM stock on TipRanks’ Stock Analysis page.
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