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Desktop Metal sees FY24 revenue $175M-$215M, consensus $194M

Sees FY24 adjusted EBITDA loss $10M-$30M. “While we didn’t make our internal target of A-EBITDA positive by the end of the year, as some customer projects rolled into 2024, we are now very, very close to that goal,” Fulop continued. “We now enter the year with a lower cost structure that makes us resilient for the long term. The hard work will continue as we drive toward profitability, a goal that is clearly within sight despite the tough market conditions.”

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