Desktop Metal Expects 2024 Revenue Of $175M-$215M Vs. $194M Consensus; Sees Adjusted EBITDA Of $(30)M-$(10)M
Portfolio Pulse from Benzinga Newsdesk
Desktop Metal forecasts its 2024 revenue to be in the range of $175M-$215M, compared to the consensus estimate of $194M. The company also expects its adjusted EBITDA for 2024 to be between $(30)M and $(10)M. Desktop Metal has not provided a reconciliation of its adjusted EBITDA outlook to net income, citing the inability to estimate all reconciling items without unreasonable efforts.

March 15, 2024 | 11:12 am
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Desktop Metal forecasts 2024 revenue to be $175M-$215M vs. $194M consensus and expects adjusted EBITDA to be between $(30)M-$(10)M.
The projected revenue range indicates a potential to meet or exceed market expectations, which could positively influence investor sentiment towards DM. However, the expected negative adjusted EBITDA suggests ongoing operational challenges, potentially moderating the positive impact on the stock price. The confidence in this analysis is high due to the direct financial guidance from the company, but not absolute due to the mixed nature of the financial outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100