Desktop Metal Inc - Ordinary Shares - Class A
NYSE:DM
Layoffs, Earnings Announcements
Desktop Metal Announces Update On 2023 Cost Reduction Plans
Published: 02/02/2023 14:10 GMT
Desktop Metal Inc - Ordinary Shares - Class A (DM) - Desktop Metal Announces Update on Cost Reduction Plans for 2023 to Accelerate Path to Profitability.
Desktop Metal Announces Update on Cost Reduction Plans for 2023 to Accelerate Path to Profitability.
Desktop Metal Inc - Successful Execution of June 2022 Cost Savings Initiative Delivered $50 Million in Annualized Savings.
Desktop Metal Inc - Plan Announced Today Adds Additional $50 Million, to Deliver an Aggregate Savings of $100 Million per Year, Double Target Outlined in 2022.
Desktop Metal - 4 Facilities Slated to Be Closed, Consolidated Into Hub Locations in U.S., and a Workforce Reduction of Approximately 15% is Planned.
Desktop Metal Announces Update on Cost Reduction Plans for 2023 to Accelerate Path to Profitability.
Desktop Metal Inc - Successful Execution of June 2022 Cost Savings Initiative Delivered $50 Million in Annualized Savings.
Desktop Metal Inc - Plan Announced Today Adds Additional $50 Million, to Deliver an Aggregate Savings of $100 Million per Year, Double Target Outlined in 2022.
Desktop Metal - 4 Facilities Slated to Be Closed, Consolidated Into Hub Locations in U.S., and a Workforce Reduction of Approximately 15% is Planned.
Revenue is expected to be $48.07 Million
Adjusted EPS is expected to be -$0.08
Next Quarter Revenue Guidance is expected to be $57.61 Million
Next Quarter EPS Guidance is expected to be -$0.05
More details on our Analysts Page.
Adjusted EPS is expected to be -$0.08
Next Quarter Revenue Guidance is expected to be $57.61 Million
Next Quarter EPS Guidance is expected to be -$0.05
More details on our Analysts Page.