In 2022, Desktop Metal's revenue was $209.02 million, an increase of 85.95% compared to the previous year's $112.41 million. WebIntelligently simulating printing and sintering. Desktop Metal Valuation Is DM undervalued compared to its fair value, analyst forecasts and its price relative to the market? Make it real. This part attaches wheels to a skateboard deck, and was optimized using generative design tools. WebLearn more about the new and recent launched Live Suite package from Desktop Metal. That is a paltry amount of revenue when measured against both the amount of funding the company has raised over that time as well as its post-acquisition equity valuation. in action and learn about the systems from experts, Learn more about how Desktop We believe our strategic priorities in 2022 will ensure continued success toward achieving our goal of double digit share of the over $100 billion additive manufacturing market by the end of the decade.. ARTICLE TO BE RELEASED SHORTLY2. (in thousands, except per share amounts), In-process research and development assets acquired, Change in fair value of warrant liability, Weighted average shares outstanding, basic and diluted, DESKTOP METAL, INC. create custom metal parts. featuring patented Triple ACT for excellent surface Lynda McKinney Founded in 1995 to deliver industrial sand 3D printing solutions for foundries and tooling applications. composites, including carbon-fiber and fiberglass reinforced materials It is done using both, our quantitative analysis of the company fundamentals as well as its intrinsic market price estimation to project the real value. Although we believe that expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements. Lets discuss the differences between industrial 3D printers and desktop 3D printers currently on the market. Manufacturers of consumer goods can use 3D printing for rapid prototyping and testing of new designs for both functionality and market feedback, and as a flexible manufacturing line for low-volume and regionally-targeted production that allows greater design freedom for product customization. WebDM Desktop Metal Inc - Ordinary Shares - Class A 17,313 Watch Alerts $2.08 $0.11 (5.02%) Today Market Cap $790.66M Volume (M) 5.06M 52-Wk High $5.28 52-Wk Low $1.13 About Feed Sentiment Fundamentals News There is no chart data available for this period 1d 1w 1m 3m 6m 1y All Sentiment Score Message Volume Score By investing in 3D printing, educational institutions provide students the tools to bring their work to life, help them build important career skills and enable them to act as additive manufacturing champions when they enter the workforce. The main difference between desktop and industrial 3D printers is the associated cost. Desktop Metal published its Q3 earnings report on November 9, 2022, posting revenue of $47.1 million, up 85% from the third quarter of 2021 revenue of $25.4 Management uses, and investors should consider, our non-GAAP financial measures only in conjunction with our GAAP results. Founded in 2019 to build a greener future jaygentzkow@desktopmetal.com The first commercial platform of its kind to shape sheet metal on demand directly from a digital file. Easily produce stable, optimized designs in a matter or minutes. Founded in 2015 to develop high-performance 3D printable resins that deliver breakthrough material properties needed for end-use products. Desktop Metal, Latest press releases, coverage and downloadable stainless steels, low-alloy steels, tool steels, as WebDesktop Metal has been through a lot in the last year, and the stock price is getting punished. carbon to tungsten carbide cobalt. manufacturing, In-depth looks at how metal Transaction Type Key. 3. WebDesktop Metal Valuation Module provides a unique way to ballpark how much the company is worth today. Give Feedback. With the ability to adjust parameters on the fly, users can see designs change in real-time and easily export them to CAD software for refinement. Currency in USD Follow 2W 10W 9M 2.0750 -0.1750 (-7.78%) As of 03:46PM EDT. Making sense of the markets this earnings season was not easy. WebDesktop Metal, Inc. is followed by the analysts listed above. Noncash investing and financing activities: Net liabilities assumed from Trine Business Combination, Accrued reverse recapitalization transaction costs, Net unrealized (gain) loss on investments, Common Stock issued for acquisition of in-process research and development, Accrued purchase price for asset acquisition, Additions to right of use assets and lease liabilities, Purchase of property and equipment included in accounts payable, Purchase of property and equipment included in accrued expenses and other current liabilities, Transfers from property and equipment to inventory, Transfers from inventory to property and equipment, Accrued contingent consideration in connection with acquisitions, Tax liabilities related to withholdings on Common Stock issued in connection with acquisitions, Taxes related to net share settlement upon vesting of restricted stock awards in accrued expense. Office-friendly production of metal prototypes and one-off parts. First letter: A = Acquired, D = Disposed. BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal, in collaboration with Detroit-based TriTech Titanium Parts, announced that Ti64 has been customer-qualified on the Production System. Under the trend of digitalization, 3D printing, as an emerging manufacturing technology, has been applied to all walks of life. metals and ceramics. The summary of Desktop Metal, Inc is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots. face of manufacturing, Deep dives into the Batch production of fully dense, customer-ready metal parts. Fulop concluded that despite short-term challenges, the long-term trends supporting broad adoption of additive manufacturing and market growth to over $100 billion in the next decade remain intact, particularly for mass production. Our technology works with stainless steels, low-alloy steels, tool steels, as well as copper, nickel alloys, precious metals and more. Taking a look at Desktop Metal, Inc. was founded in 2015 and is headquartered in Burlington, Massachusetts. [Read more]. DESKTOP METAL, INC. (in thousands, except share and per share amounts), Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Current portion of longterm debt, net of deferred financing costs, Contingent consideration, net of current portion, Preferred Stock, $0.0001 par valueauthorized, 50,000,000 shares; no shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively, Common Stock, $0.0001 par value500,000,000 shares authorized; 311,737,858 and 226,756,733 shares issued at December 31, 2021 and December 31, 2020, respectively, 311,473,950 and 224,626,597 shares outstanding at December 31, 2021 and December 31, 2020, respectively, Accumulated other comprehensive income (loss), Total Liabilities and Stockholders Equity, DESKTOP METAL, INC. We are Team DM. However, this divergence in the expected trend was not uniform across all business lines, explained Fulop to analysts during a conference call following the earnings release. Record fourth quarter revenue of $60.6 million, up 6.8% from the fourth quarter of 2021 Print continuous fiber-reinforced parts with Like it or not, Desktop Metal really managed to do for the metal AM industry what others to that point had not. well as copper, nickel alloys, precious metals and CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY Desktop Metal, Inc. (DM) delivered earnings and revenue surprises of -25% and 27.11%, respectively, for the quarter ended September 2022. WebDesktop Metal, Inc. (DM) Analyst Ratings, Estimates & Forecasts - Yahoo Finance U.S. markets open in 9 hours 22 minutes S&P Futures 3,960.50 0.00(0.00%) Dow Futures industrial-grade polymer 3D printing solutions. While the companys Studio platform is now available internationally with a several hundred installations estimated by SmarTech, it took three years to get there. Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. Desktop Metal Qualifies Copper Alloy C18150 on the Production System with Sandvik Additive Manufacturing and Top Five Global Automaker, Desktop Metal and TriTech Titanium Parts Qualify Titanium Alloy Ti64 for Binder Jet 3D Printing on the Production System, Desktop Metal and CETIM Qualify 304L Stainless Steel for 3D Printing on Shop System, 7 Stocks Getting Ready for a Major Breakdown, Desktop Metal Launches Live Suite, an End-to-End Software Hub that Delivers Generative AI Solutions for Additive Manufacturing 2.0, Desktop Metal, Inc. (DM) Reports Q4 Loss, Tops Revenue Estimates, Desktop Metal Announces Fourth Quarter and Full Year 2022 Financial Results and Initiates 2023 Guidance, Desktop Metal to Release Fourth Quarter and Full Year 2022 Financial Results on Wednesday, March 1, 2023, Desktop Metal Layoffs 2023: What to Know About the Latest DM Job Cuts, 3D printer Desktop Metal stock jumps after plan to cut jobs, that could affect more than 200 employees, Desktop Metal Announces Update on Cost Reduction Plans for 2023 to Accelerate Path to Profitability, Most Affordable Stocks In The Industrials Sector: AMERCO, Virgin Orbit And More - Desktop Metal (NYSE:DM), Cadre Hldgs (NYSE:CDRE), Desktop Metal Installations of Additive Manufacturing Systems for Metal Parts Now Surpass 1,100 Units Worldwide, Desktop Metal Receives $9 Million Order from Major German Automaker for Binder Jet Systems for Mass Production of Automotive Components, Desktop Metal Announces Major Contract with the U.S. Department of Veterans Affairs for Variety of 3D Printed FreeFoam Products, Desktop Metal, Inc. (DM) Reports Q3 Loss, Lags Revenue Estimates, Desktop Metal Announces Third Quarter 2022 Financial Results, Align Technology and Desktop Metal Announce Strategic Collaboration to Make iTero Element Flex the Preferred Restorative Intraoral Scanner for Desktop Labs' Customers Serving General Dentists, Desktop Labs Unveils Strategic Vision to Connect Dental Offices to its Network of Premium Dental Labs Using Advanced Digital Technologies, Christian and Timbers Recruits CFO for Desktop Metal, Desktop Metal Announces Broad Availability of the Shop System Forust Edition, the World's First High-Speed 3D Printer for Upcycled Wood Parts, Desktop Metal Names Jason Cole Chief Financial Officer, Desktop Metal to Release Third Quarter 2022 Financial Results on Wednesday, November 9, 2022. the advancement of personal healthcare. As a result of these factors, we cannot assure you that the forward-looking statements in these communications will prove to be accurate. Despite meaningful progress in Desktop Metals long-term growth strategy, Founder and CEO Ric Fulop said third-quarter results did not meet management expectations. Desktop Metal (NYSE: DM) has announced receipt of a large $9 million order from a major German automaker. wide range of polymers, including premium work and how they can help you create custom metal parts, See job openings and career opportunities at Register to view and download proprietary industry data from SmarTech and 3DPrint.com Founded in 2015 to develop high-performance 3D All statements other than statements of historical facts contained in these communications, including statements regarding Desktop Metal's future results of operations and financial position, financial targets, business strategy, plans and objectives for future operations, are forward-looking statements. Desktop Metal was selected as one of the worlds 30 most promising Technology Pioneers by the World Economic Forum, named to MIT Technology Reviews list of 50 Smartest Companies, and the 2021 winner of Fast Companys Innovation by Design Award in materials and Fast Companys Next Big Things in Tech Award for sustainability. Contact info@3dprint.com. wide range of composites, including carbon-fiber and Binder jet 3D printing When expanded it provides a list of search options that will switch the search inputs to match the current selection. The discussion should be read in conjunction with Desktop Metal's consolidated financial statements and notes thereto included elsewhere in Annual Report on Form 10-K. There is no feasible story for Desktop Metal to grow from $26M in revenue in 2020 to $1B in revenue by 2025 given the current commercial state of its products. The Dell and BMW I Ventures-backed firm continues to grow aggressively Seemingly the culmination of an ongoing fight between the management of electronics 3D printing firm Nano Dimension (Nasdaq: NNDM) and its largest shareholder, Murchinson, Ltd., the former has announced a Were starting off with business in todays 3D Printing News Briefs, as 3dpbm rebrands as VoxelMatters, Xaba closes a seed funding round, and CORE Industrial Partners, and its portfolio company SigmaAdditiveSolutions, Inc. (NASDAQ: SASI) announced that it has retained Lake Street Capital Markets as its financial advisor as the additive manufacturing (AM) quality assurance (QA) company explores methods for increasing Upload your 3D Models and get them printed quickly and efficiently. Losses were -$740.34 million, 208.0% more than in 2021. If theres one thing we should know from the history of additive manufacturing so far, its is that good things take time. WebDesktop Metal, Inc. 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