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Benzinga

Desktop Metal: Q1 Earnings Insights

 

Desktop Metal (NYSE:DM) reported its Q1 earnings results on Tuesday, May 10, 2022 at 08:00 AM.

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

Earnings

Desktop Metal missed estimated earnings by 7.69%, reporting an EPS of $-0.14 versus an estimate of $-0.13.

Revenue was up $32.39 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.03 which was followed by a 5.82% increase in the share price the next day.

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

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.09 -0.09 -0.09 -0.12
EPS Actual -0.12 -0.10 -0.08 -0.25
Revenue Estimate 49.58M 28.63M 19.07M 9.42M
Revenue Actual 56.68M 25.44M 18.98M 11.31M

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.