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Desktop Metal inc   (DM)
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Price: $0.5348 $0.01 1.847%
Day's High: $0.555 Week Perf: 4.56 %
Day's Low: $ 0.52 30 Day Perf: -16.18 %
Volume (M): 2,563 52 Wk High: $ 2.55
Volume (M$): $ 1,371 52 Wk Avg: $1.44
Open: $0.53 52 Wk Low: $0.46



 Market Capitalization (Millions $) 173
 Shares Outstanding (Millions) 323
 Employees 500
 Revenues (TTM) (Millions $) 197
 Net Income (TTM) (Millions $) -461
 Cash Flow (TTM) (Millions $) 37
 Capital Exp. (TTM) (Millions $) 6

Desktop Metal Inc
Desktop Metal Inc. is a leading metal 3D printing company, founded in 2015 by Ric Fulop and Jonah Myerberg, with headquarters in Burlington, Massachusetts. The goal of Desktop Metal is to provide cost-effective and accessible metal 3D printing systems for manufacturers, engineers, and designers worldwide.

Desktop Metal offers two main metal 3D printing solutions for the market, the Studio System and the Production System. The Studio System is designed to produce metal parts in-house, it uses a three-part process: printing metal parts using FDM technology, debinding the parts, and sintering them. The Production System is an industrial 3D printer designed for high-throughput metal 3D printing for large-scale manufacturing uses, it uses a new technology known as Single Pass Jetting (SPJ).

Desktop Metal's studio system focuses mainly on the production of complex metal parts such as jigs, fixtures, and tooling. The Production System, on the other hand, is designed for the scalable production of end-use metal parts. The SPJ technology used by Production System builds parts in a layerless and continuous process that creates 3D printed isotropic parts with excellent mechanical properties.

Desktop Metal Inc. is one of the fastest-growing 3D printing companies in the world, with a team of more than 400 employees who work to develop, market, and support their 3D printing solutions worldwide. The company has already attracted over $450 million in funding, with notable investors such as Ford, BMW, and Google Ventures.

In conclusion, Desktop Metal Inc. is a leading company in the metal 3D printing industry, offering cost-effective and accessible solutions for in-house production of metal parts. They are continuously developing new technologies to advance the 3D printing industry and expand the application base for metal 3D printing.


   Company Address: 63 3rd Avenue Burlington 1803 MA
   Company Phone Number: 224-1244   Stock Exchange / Ticker: NYSE DM
   DM is expected to report next financial results on February 29, 2024.


   

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Product Service News

Desktop Health Introduces Flexcera Base Ultra+: A Breakthrough 3D Printed Dental Resin for Stronger and More Comfortable Dentures

Published Mon, Feb 12 2024 4:30 PM UTC

Boston, MA - Desktop Health, the renowned 3D printing brand for medical production under Desktop Metal, Inc. (NYSE: DM), has announced a new, highly durable composition of its Flexcera resin for 3D printing of the gingival component. The Flexcera Base Ultra+ is specifically designed for the manufacturing of fully and partially removable dentures, offering patients enhanced s...

Business Update

Desktop Metal Trims Operations in $50M Cost Reduction Drive: A Strategic Pivot Towards Profitability

Published Wed, Jan 24 2024 1:00 PM UTC

Boston-based Desktop Metal, Inc. (NYSE: DM), a global leader in Additive Manufacturing 2.0 technologies focused on mass production, has announced a comprehensive cost reduction plan intended to expedite its journey to profitability. This plan comes amid a broader strategic business review underway at the firm to realign its cost structure with the prevailing market dynamics....

Product Service News

Desktop Health?s Breakthrough: First Successful Patient Treatment with FDA-Cleared CMFlex, an Off-the-Shelf 3D Printed Synthetic Bone Graft by Dimension Inx

Published Wed, Nov 29 2023 9:30 PM UTC



In a groundbreaking development in the field of regenerative therapeutics, Desktop Health, a trusted production-grade medical 3D printing brand of Desktop Metal, Inc., has announced the successful treatment of the first patients with CMFlex. This off-the-shelf 3D printed synthetic bone graft product, developed and manufactured by Chicago-based Dimension Inx on the ...

Desktop Metal Inc

Desktop Metal Inc. Experiences Substantial Decline in Revenue for Q3 2023



Desktop Metal Inc, a prominent player in the Industrial Machinery and Components industry, recently released its financial results for the third quarter of 2023. The company managed to reduce its losses, albeit with a decline in revenue. This article aims to interpret the financial results and speculate on their implications for the future of Desktop Metal Inc.
Reduced Losses and Dwindling Revenue:
During the third quarter of 2023, Desktop Metal Inc showcased progress in cutting its losses. The company reported a decrease in shortfall per share from $-0.19 to $-0.14, indicating a positive trend. However, revenue dwindled by -10.963% to $41.92 million compared to $47.09 million in the same period the previous year. This decline could pose challenges for Desktop Metal Inc's growth prospects.

Desktop Metal Inc

Alarming Decline in Desktop Metal Inc's Q2 Earnings Raises Concerns Over Fading Revenue

As a stock market journalist, I have been closely following the financial results of various companies, including Desktop Metal Inc. The recent second quarter earnings report of Desktop Metal Inc showcases a concerning trend of fading revenue and a larger deficit.
During the second quarter of 2023 earnings season, Desktop Metal Inc reported a loss per share of $-0.15, which is an improvement from the previous quarter's loss of $-0.16 per share. However, this improvement does not overshadow the fact that revenue fell by -7.95% to $53.09 million compared to the same period last year. This decline in revenue is not in proportion to the remainder of the Industrial Machinery and Components sector, which experienced a revenue rise during the same period.






 

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