Recap: Desktop Metal Q2 Earnings

Recap: Desktop Metal Q2 Earnings

 

Desktop Metal DM reported its Q2 earnings results on Monday, August 8, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Desktop Metal reported in-line EPS of $-0.1 versus an estimate of $-0.1.

Revenue was up $38.70 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 8.27% increase in the share price the next day.

Here's a look at Desktop Metal's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.13 -0.09 -0.09 -0.09
EPS Actual -0.14 -0.12 -0.10 -0.08
Revenue Estimate 41.61M 49.58M 28.63M 19.07M
Revenue Actual 43.71M 56.68M 25.44M 18.98M

To track all earnings releases for Desktop Metal visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews