secwatch.observer — SEC 8-K summary
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Issuer:     Desktop Metal, Inc. (—)
CIK:        0001754820
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001558370-24-007449
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754820/000155837024007449/0001558370-24-007449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754820/000155837024007449/dm-20240509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007449

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