Desktop Metal Q4 Sales $52.30M Beat $50.83M Estimate, Adj. Net Loss $(10.9)M
Portfolio Pulse from Benzinga Newsdesk
Desktop Metal (NYSE:DM) reported Q4 sales of $52.30M, surpassing the $50.83M estimate, but saw a 13.64% decrease from last year's $60.56M. The adjusted net loss was $(10.9)M.
March 15, 2024 | 11:04 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Desktop Metal reported higher than expected Q4 sales but experienced a significant year-over-year decrease and an adjusted net loss.
While beating sales estimates is positive, the year-over-year decrease and the adjusted net loss could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100