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Desktop Metal (Desktop Metal) Net Income

: $-323.3 Mil (TTM As of Dec. 2023)
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Desktop Metal's Net Income for the three months ended in Dec. 2023 was $-174.5 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-323.3 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Desktop Metal's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.54.


Desktop Metal Net Income Historical Data

The historical data trend for Desktop Metal's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Desktop Metal Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
-103.60 -34.02 -240.33 -740.34 -323.27

Desktop Metal Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -312.35 -52.64 -49.73 -46.37 -174.53

Desktop Metal Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Desktop Metal's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-326.376+3.105+0+-5.6843418860808E-14
=-323.3

Desktop Metal's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-176.959+2.43+0+0
=-174.5

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-323.3 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Desktop Metal  (NYSE:DM) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Desktop Metal's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Desktop Metal Net Income Related Terms

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Desktop Metal (Desktop Metal) Business Description

Traded in Other Exchanges
Address
63 3rd Avenue, Burlington, MA, USA, 01803
Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC).
Executives
Farhad Fred Ebrahimi 10 percent owner 191 UNIVERSITY BLVD., #246, DENVER CO 80206
Scott J Dussault director C/O DESKTOP METAL, INC., 63 THIRD AVE, BURLINGTON MA 01803
Jason M Cole officer: CFO & TREASURER C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Ric Fulop director, officer: Chief Executive Officer C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Thomas Nogueira officer: CHIEF OPERATING OFFICER C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Hindery Leo J. Jr. director, other: See remarks. C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134
Michael M. Jafar officer: CEO, Desktop Health 17901 VON KARMAN AVENUE, SUITE 150, IRVINE CA 92614
James S Eisenstein director C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVE, BOSTON MA 02116
Jeffrey R Immelt director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Siblani Ali El director, officer: CEO of EnvisionTec US, LLC 63 THIRD AVENUE, BURLINGTON MA 01803
James Haley officer: CFO & Treasurer 63 THIRD AVENUE, BURLINGTON MA 01803
Arjun Aggarwal officer: Chief Product Officer C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Wen Hsuan Hsieh director C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Forest Baskett 10 percent owner
Bilal Zuberi director C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803