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Desktop Metal (DM)
NYSE:DM
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.28Last Year’s EPS
-$5.27Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -24.74%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted significant cost reduction efforts and some improvement in adjusted EBITDA. However, these were overshadowed by declining revenue, falling gross margins, elevated cash burn, and challenges in closing deals due to customer concerns about the company's financial position. The call emphasized a strategic merger with Nano Dimension as a necessary move given the challenging macroeconomic environment.Company Guidance
During Desktop Metal's Q2 2024 earnings call, key guidance focused on the company's strategic move to merge with Nano Dimension, following challenges in the macroeconomic environment and financial pressures. The company highlighted a 48% reduction in non-GAAP operating expenses since Q1 2022, with Q2 2024 revenue at $38.9 million, down from $53.3 million in Q2 2023, largely due to weaker hardware sales. Non-GAAP gross margins decreased to 29.2% from 31% year-over-year. Non-GAAP operating expenses were reduced by $7.7 million year-over-year to $27.0 million. The adjusted EBITDA improved by $1.8 million year-over-year, resulting in a negative $13.2 million. The company closed Q2 with $46.7 million in cash, noting elevated cash outflows related to deal-related expenditures. With the pending merger, the company has ceased providing guidance for the remainder of 2024.Cost Reduction Achievements
Desktop Metal reduced non-GAAP operating expenses by 48% since Q1 2022 and executed approximately $150 million in annualized cost savings. Non-GAAP operating expenses for Q2 2024 were reduced by 22.2% year-over-year.
Adjusted EBITDA Improvement
Adjusted EBITDA for Q2 2024 improved year-over-year by $1.8 million compared to Q2 2023.
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DM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $4.81 | $4.65 | -3.33% |
| Jul 30, 2024 | $4.91 | $4.71 | -4.07% |
| May 09, 2024 | $8.40 | $7.20 | -14.29% |
| Mar 15, 2024 | $6.16 | $6.52 | +5.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Desktop Metal (DM) report earnings?
Desktop Metal (DM) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Desktop Metal (DM) earnings time?
Desktop Metal (DM) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DM EPS forecast?
DM EPS forecast for the fiscal quarter 2024 (Q4) is -$0.28.
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