---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007449"
form_type: "8-K"
ticker: null
cik: "0001754820"
company_name: "Desktop Metal, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:35:24.006410+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Desktop Metal Q1 revenue $40.6M, net loss $(52.1)M; reaffirms FY2024 guidance

## Summary
- Revenue $40.6M, down <2% YoY from $41.3M; net loss $(52.1)M includes one-time noncash charges.
- Adjusted EBITDA $(13.6)M, improvement of 44% YoY; non-GAAP gross margin 30.5%, up 69.9% YoY.
- Cash and short-term investments $66.3M; cash consumption down 47% YoY.
- Reaffirms FY2024 guidance: revenue $175M-$215M, adjusted EBITDA $(30)M-$(10)M.
- Exploring strategic alternatives for photopolymer portfolio; expects positive adjusted EBITDA in H2 2024.

## SEC filing metadata
- accession: 0001558370-24-007449
- form_type: 8-K
- cik: 0001754820
- company_name: Desktop Metal, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754820/000155837024007449/0001558370-24-007449-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754820/000155837024007449/dm-20240509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007449
- JSON: https://secwatch.observer/filing/0001558370-24-007449.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007449.txt

## Key facts
- Earnings Releases
  Desktop Metal, Inc. reported first quarter of fiscal year 2024 results: revenue $40.6 million, net income $(52.1) million. Guidance reaffirmed.
  - Period: first quarter of fiscal year 2024
  - Revenue: $40.6 million
  - Net income: $(52.1) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenue of $40.6 million, down less than 2% year over year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754820/000155837024007449/0001558370-24-007449-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.