Desktop Metal reports Q2 EPS ($3.13) vs ($1.55) last year

Reports Q2 revenue $38.9M, consensus $45.9M. “Since the beginning of 2022, Desktop Metal has worked tirelessly to align our cost structure with macroeconomic realities, making hard decisions about the business. By the end of Q1 we had delivered nine quarters of non-GAAP opex reduction and brought our cash burn down dramatically. I am proud of the progress we have shown,” said Ric Fulop, Founder and CEO of Desktop Metal.