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Desktop Metal inc   (NYSE: DM)
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Price: $2.6000 $0.10 4.000%
Day's High: $2.63 Week Perf: -2.62 %
Day's Low: $ 2.49 30 Day Perf: 6.12 %
Volume (M): 243 52 Wk High: $ 11.80
Volume (M$): $ 633 52 Wk Avg: $5.01
Open: $2.50 52 Wk Low: $2.02



 Market Capitalization (Millions $) 87
 Shares Outstanding (Millions) 33
 Employees 541
 Revenues (TTM) (Millions $) 167
 Net Income (TTM) (Millions $) -366
 Cash Flow (TTM) (Millions $) -78
 Capital Exp. (TTM) (Millions $) 1

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


   

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Desktop Metal Inc

Desktop Metal Inc. Shocks Market with Unexpected Revenue Contraction in Q3 2024!

Desktop Metal Inc: A Year in Review and Future Prospects Performance OverviewOver the past twelve months, Desktop Metal Inc has faced significant challenges, with its shares plummeting by 45.36%. This stark decline starkly contrasts with the broader market's performance, which saw an impressive increase of 40.39% during the same period. Such a disparity raises questions about the underlying factors driving Desktop Metal's underperformance and the company's path forward. Financial Results in Q3 2024In the fiscal third quarter of 2024, Desktop Metal Inc reported a loss per share of $-1.07, an improvement from $-1.40 in the same quarter last year. Despite this reduction in loss, the company experienced a notable decline in revenue, which fell by 13.75% to $36.16 million from $41.92 million in Q3 2023. This is worrisome, especially considering the broader Industrial Machinery and Components sector, which posted a revenue increase of 5.37% during the same period.

Business Update

Desktop Healths New Resin Technology Marks Progress Amidst Financial Struggles at Desktop Metal

Published Wed, Sep 4 2024 2:47 PM UTC

In a significant development for the world of 3D printing, Desktop Health has announced the validation of its Flexcera Family Resins for use with LuxCreo 3D Printers. This news comes as a promising advancement in dental and medical applications, showcasing Desktop Health?s commitment to innovation in the additive manufacturing space. The Flexcera resins are designed for bioc...

Business Update

Desktop Metal Unveils Live Inspect Revolutionizing Tolerance Analysis and Scan Adjustment for Additive Manufacturing

Published Tue, Jun 18 2024 3:47 PM UTC

In a groundbreaking move towards revolutionizing the additive manufacturing industry, global leader Desktop Metal (NYSE: DM) has unveiled its latest software, Live Inspect. The cutting-edge solution allows manufacturers to meticulously analyze and correct errors in 3D printed parts, thereby achieving higher tolerances and unparalleled accuracy. Part of Desktop Metals Live Su...

Desktop Metal Inc

Desktop Metal Inc Faces Profit Shortfall of $-0.16 per Share in Q1 2024

Investors in Desktop Metal Inc (NYSE: DM) have been closely following the company's financial performance in the first quarter of 2024. The company recently reported a net loss of $-0.16 per share, compared to a loss of $-0.16 per share in the same period last year. Despite this loss, there was an improvement in Income per Share, which increased from $-0.53 per share in the previous financial reporting period.
Revenue for Desktop Metal Inc contracted by -3.684% to $39.79 million in the first quarter of 2024, compared to $41.32 million in the same period last year. Sequentially, revenue fell by -24.319% from $52.58 million. This decline in revenue is in contrast to the on average rise seen in the Industrial Machinery and Components sector during the same period.
Looking ahead, investors are eagerly anticipating the company's financial results for the first quarter ending March 31, 2024, which will be reported before the market opens on May 9, 2024. A conference call will also be held on the same day at 8:30 a.m. ET to discuss the results.

Business Update

Desktop Health & Asiga Validate Flexcera Family Resins for Global Dental 3D Printing Market

Published Tue, Apr 30 2024 1:47 PM UTC

Digitally-driven transformations are sweeping every industry and the dental industry is no exception. Through a major collaborative effort, Desktop Health, the reputable production-grade medical 3D printing division of Desktop Metal, Inc., and Asiga, renowned dental 3D printing brand, have co-validated a pioneering product for use in 3D dental printing. Flexcera Family Resin...







Desktop Metal Inc's Segments
Revenue recognized at a point in time    88.32 % of total Revenue
Revenue recognized over time    12.35 % of total Revenue
Products    88.32 % of total Revenue
Services    12.35 % of total Revenue
Americas    64.67 % of total Revenue
Americas Products    57.58 % of total Revenue
Americas Services    7.09 % of total Revenue
EMEA    23.94 % of total Revenue
EMEA Products    19.27 % of total Revenue
EMEA Services    4.67 % of total Revenue
APAC    12.07 % of total Revenue
APAC Products    11.48 % of total Revenue
APAC Services    0.59 % of total Revenue





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