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The latest announcement is out from Desktop Metal ( (DM) ).
Desktop Metal, a company known for its innovative 3D printing solutions, released its preliminary unaudited financial results for the year ended December 31, 2024. The company reported a decrease in total revenues to approximately $148.8 million from $189.7 million in 2023, attributed to a pending merger and litigation impacts. Despite a challenging year, Desktop Metal managed to reduce its GAAP net loss to $219.5 million from $323.3 million in 2023, aided by strategic integration and cost optimization initiatives. The company’s non-GAAP gross margin improved to 30% from 27% in the previous year, while its adjusted EBITDA showed a loss of $49.4 million, an improvement from a $69.1 million loss in 2023. These results, however, remain subject to change as they are preliminary estimates.
More about Desktop Metal
YTD Price Performance: 68.03%
Average Trading Volume: 1,181,118
Technical Sentiment Signal: Buy
Current Market Cap: $75.69M
For detailed information about DM stock, go to TipRanks’ Stock Analysis page.
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