Desktop Metal Reaffirming FY23 Revenue Expectation Of Between $210M-$260M Vs $223.4M Est.
Portfolio Pulse from Happy Mohamed
Desktop Metal has reaffirmed its revenue expectation for FY23 to be between $210M-$260M, in line with the estimate of $223.4M. The company also expects its Adjusted EBITDA to be between $(50) to $(25) million for the same period, with a goal to achieve breakeven before the end of 2023.
August 04, 2023 | 2:41 pm
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Desktop Metal's reaffirmation of its FY23 revenue and EBITDA expectations may instill confidence in investors, potentially stabilizing or increasing the stock price in the short term.
Reaffirming financial expectations can be seen as a positive sign of stability and confidence in the company's performance. This could potentially attract investors, leading to an increase in demand for the stock and thus a potential increase in its price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100