Desktop Metal, Inc. manufactures and sells additive manufacturing solutions for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a turnkey binder jetting platform for machine and job shops; Studio System, an office metal 3D printing system; and Fiber, a desktop 3D printer. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, and research and development industries. The company was founded in 2015 and is headquartered in Burlington, Massachusetts.
IPO Year: 2019
Exchange: NYSE
Website: desktopmetal.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/6/2023 | $1.75 | Equal-Weight | Morgan Stanley |
| 12/16/2022 | Neutral | JP Morgan | |
| 8/17/2022 | $2.80 | Neutral | Credit Suisse |
| 1/10/2022 | $5.00 | Hold → Buy | Lake Street |
| 1/10/2022 | Hold → Buy | Lake Street | |
| 11/16/2021 | Buy → Hold | Cross Research | |
| 10/8/2021 | Perform | Oppenheimer | |
| 6/25/2021 | $14.00 | Neutral | Credit Suisse |
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
4 - Desktop Metal, Inc. (0001754820) (Issuer)
Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal") today announced that at a hearing held in the Delaware Court of Chancery on December 30, 2024, the Court granted Desktop Metal's motion for an expedited trial in the lawsuit Desktop Metal filed on December 16, 2024 against Nano Dimension Ltd. ("Nano Dimension"). In the lawsuit, Desktop Metal alleged that Nano Dimension has breached its obligation under the merger agreement between Desktop Metal and Nano Dimension (the "Merger Agreement") to use reasonable best efforts to obtain regulatory approval and close the merger contemplated by the Merger Agreement (the "Merger") as soon as reasonably possible. The trial is expected to be scheduled for t
Waltham, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or the "Company"), a supplier of Additive Manufacturing solutions, today shared its response to a December 20, 2024 lawsuit filed by Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal") against the Company in the Delaware Court of Chancery alleging Nano Dimension has failed to use its reasonable best efforts to obtain regulatory approval in connection with the merger agreement between the parties dated July 2, 2024 (the "Merger Agreement"). The Company believes the lawsuit is without merit and inconsistent with the terms of the Merger Agreement, particularly with respect to the Company's ri
Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal") today announced that it has filed a lawsuit against Nano Dimension Ltd. ("Nano Dimension") in the Delaware Court of Chancery (the "Court"), alleging that Nano Dimension has breached its obligation to use reasonable best efforts to obtain regulatory approval as soon as practicable in connection with the merger agreement between the parties (the "Merger Agreement"). The Court has scheduled an expedited hearing on December 30, 2024, to hear Desktop Metal's motion for an expedited trial to be held in January. Desktop Metal seeks specific performance, including, but not limited to, requiring Nano Dimension to cooperate in seeking approval by the
Believes Nano's Ongoing Value Destruction, Worst-In-Class Corporate Governance and Misallocation of Corporate Resources Warrants Urgent Change in Company's Boardroom Murchinson's Nominees Would Bring Independent Perspectives and Relevant Experience to Restore Shareholders' Confidence in Leadership, Establish Appropriate Capital Allocation Processes, Hold Management Accountable and Oversee Strategy Development and Implementation Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, "Murchinson" or "we"), a significant shareholder with approximately 7.1% of the outstanding shares of Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano" or the "Company"), today annou
With Major Milestone Cleared, Closing of Transaction Expected in the Fourth Quarter, Pending Final Regulatory Approvals Waltham, Mass., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension") and Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal" or "DM") today jointly announced that, at a special meeting, Desktop Metal stockholders approved the merger agreement pursuant to which Desktop Metal would be acquired by Nano Dimension. Of approximately 33 million outstanding DM shares, 60% were voted in favor of the approval of the merger agreement between Desktop Metal and Nano Dimension. Out of the total shares participating in the vote, greater than 96% of votes
Revenue for the Quarter of $14.7M is 21% Higher Year-Over-Year Waltham, Mass., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or the "Company"), a leading supplier of Additively Manufactured Electronics ("AME") and multi-dimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced its revenue, on a preliminary basis, for the third quarter ended September 30th, 2024. Nano Dimension reported unaudited approximated consolidated revenues of $14.7 million for Q3/2024, a 21% increase over Q3/2023. Yoav Stern, Nano Dimension's Chief Executive Officer and member of the Board of Directors, said: "With a
Institutional Shareholder Services Recommends That Desktop Metal's Shareholders Vote For the Company's Proposals Merger Agreement Announced July 3rd, 2024 For Nano Dimension to Acquire Desktop Metal "Likely the Best Available at the Time" Based on the Sales Process and "the Implied Valuation Appears Fair" Desktop Metal's Shareholders Should Vote No Later Than 11:59 pm ET on October 1st Waltham, Mass, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or "Nano") and Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal" or "DM") today jointly announced that Institutional Shareholder Services ("ISS"), a leading proxy advisory firm, has recommended th
The nickel-based superalloy is the first 100% recycled metal to be qualified for use on Desktop Metal binder jet 3D printing platforms DM and Continuum Powders will continue to partner on development of recycled powders for metal binder jet 3D printing applications Technical experts will be on hand at IMTS 2024 to discuss this powder in DM's booth on Level 3 of the West Building at McCormick Place from Sept. 9-14 Desktop Metal, Inc. (NYSE:DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced that it has qualified a 100% recycled nickel-based superalloy processed with proprietary technology from Continuum Powders, a leader in high-perform
Antitrust Milestone Marks Significant Step Towards Deal Closing Acquisition is Expected to Close in Q4/2024 Waltham, Mass., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or "Nano"), a leading supplier of Additively Manufactured Electronics ("AME") and multi-dimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced that the waiting period under the United States Department of Justice ("DOJ") Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") has expired in connection with its definitive agreement to acquire Desktop Metal, Inc. (NYSE:DM) ("DM"). The HSR Act is a U.S. federal law
Revenue of $38.9 million compared to $53.3 million for the same period a year ago Q2 net loss of $(103.4) million, impacted by one-time noncash charges related to accelerated amortization and depreciation on certain intangible and fixed assets Adjusted EBITDA of $(13.2) million, an improvement from $(15) million from Q2 2023 Quarterly GAAP operating expenses increased to $69.1 million due to accelerated amortization and depreciation from discontinued operations. Ongoing cost reductions delivered non-GAAP operating expenses of $27 million, a 22% year-over-year improvement Services revenue in support of current and prospective customers increased 27% to $7.5 million, up from $5.9
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Morgan Stanley initiated coverage of Desktop Metal with a rating of Equal-Weight and set a new price target of $1.75
JP Morgan initiated coverage of Desktop Metal with a rating of Neutral
Credit Suisse initiated coverage of Desktop Metal with a rating of Neutral and set a new price target of $2.80
Lake Street upgraded Desktop Metal from Hold to Buy and set a new price target of $5.00
Lake Street upgraded Desktop Metal from Hold to Buy
Cross Research downgraded Desktop Metal from Buy to Hold
Oppenheimer initiated coverage of Desktop Metal with a rating of Perform
Credit Suisse initiated coverage of Desktop Metal with a rating of Neutral and set a new price target of $14.00
Lake Street initiated coverage of Desktop Metal with a rating of Sell and set a new price target of $11.00
Revenue of $38.9 million compared to $53.3 million for the same period a year ago Q2 net loss of $(103.4) million, impacted by one-time noncash charges related to accelerated amortization and depreciation on certain intangible and fixed assets Adjusted EBITDA of $(13.2) million, an improvement from $(15) million from Q2 2023 Quarterly GAAP operating expenses increased to $69.1 million due to accelerated amortization and depreciation from discontinued operations. Ongoing cost reductions delivered non-GAAP operating expenses of $27 million, a 22% year-over-year improvement Services revenue in support of current and prospective customers increased 27% to $7.5 million, up from $5.9
Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the second quarter ended June 30, 2024 before the market opens on Wednesday, July 31, 2024. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal's Investor Relations website, https://ir.desktopmetal.com. Desktop Metal will host a conference call on the same day at 8:30 a.m. ET to discuss the results. Participants may access the call at 1-800-717-1738, international callers may use 1-646-307-1865, and request to join the Desktop Metal financial results conference call. A simultaneous webcast of the conference call and the accompanying summa
Well-Capitalized Combined Company with Strong Financial Profile and 2023 Revenue of $246M, 28% from Recurring Revenue Poised for Significant Value Creation from Complementary Product Offerings and Deeper Diversified Global Customer Penetration Focus on Reaching Profitability and Capitalizing on Growth Potential Through Greater Scale as Industry Continues Shift to AM Designed-for-Manufacturing Applications Companies to Hold Joint Investor Call to Discuss Transaction Today, Wednesday, July 3rd at 8:30 AM ET Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or "Nano") and Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal") today jointly announced that they have entered into a definitive
Well-Capitalized Combined Company with Strong Financial Profile and 2023 Revenue of $246M, 28% from Recurring Revenue Poised for Significant Value Creation from Complementary Product Offerings and Deeper Diversified Global Customer Penetration Focus on Reaching Profitability and Capitalizing on Growth Potential Through Greater Scale as Industry Continues Shift to AM Designed-for-Manufacturing Applications Companies to Hold Joint Investor Call to Discuss Transaction Today, Wednesday, July 3rd at 8:30 AM ET WALTHAM and BOSTON, Mass., July 03, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or "Nano") and Desktop Metal, Inc. (NYSE:DM)
Revenue of $40.6 million, down less than 2% year over year 1Q 2024 net loss of $(52.1) million, impacted by one-time noncash charges related to accelerated amortization and depreciation on certain intangible and fixed assets Adjusted EBITDA of $(13.6 million), a year-over-year improvement of 44% Ongoing cost reduction efforts continue to yield improvements to adjusted EBITDA, gross margins, non-GAAP gross margins, operating expenses, and operating cash flow Quarterly GAAP operating expenses declined 7% year over year. Quarterly non-GAAP operating expenses declined for nine consecutive quarters to $28.6 million, down 45% from the quarter before start of DM's cost reduction initi
Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal's Investor Relations website, https://ir.desktopmetal.com. Desktop Metal will host a conference call on the same day at 8:30 a.m. ET to discuss the results. Participants may access the call at 1-888-886-7786, international callers may use 1-416-764-8658, and request to join the Desktop Metal financial results conference call. A simultaneous webcast of the conference call and the accompanying summary
Revenue of $52.3 million, down from $60.6 million in the same quarter a year ago, and up 22% sequentially over the prior quarter Year-over-year improvements to net loss, adjusted EBITDA, gross margins, non-GAAP gross margins, operating expenses, and operating cash flow following more than $150 million in cost reduction efforts announced since June 2022 Net loss of $(323.4) million in 2023 compared to net loss of $(740.3) million in 2022 Adjusted EBITDA of $(9.2 million), a year-over-year improvement of 56% – and the company's strongest quarterly performance to date GAAP gross margin of (32)%; GAAP gross margin was negatively impacted by one-time non-cash restructuring activitie
Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the fourth quarter and full year ended December 31, 2023 before the market opens on Friday, March 15, 2024. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal's Investor Relations website, https://ir.desktopmetal.com. Desktop Metal will host a conference call on the same day at 8:30 a.m. ET to discuss the results. Participants may access the call at 1-877-407-4018, international callers may use 1-201-689-8471, and request to join the Desktop Metal financial results conference call. A simultaneous webcast of the conference call and the ac
Latest cost-saving program anticipates additional annualized cost savings of $50 million, with the majority of those savings to be realized by the end of this month Desktop Metal, Inc. (NYSE:DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced an additional $50 million cost-reduction plan that includes a 20% workforce reduction designed to align its cost structure to current market dynamics. The effort is part of a broader strategic business review and other actions, including continued consolidation of facilities and product rationalization, aimed at accelerating DM's path to profitability in the midst of a downturn in the additive manufa
Completed $100 million in cost reductions announced in June 2022 ahead of schedule Revenue of $42.8 million compared to $47.1 million in the same quarter a year ago GAAP gross margin of 4.5%; non-GAAP gross margin increased 190 basis points to 21.9% Year-over-year improvements to non-GAAP gross margins, operating expenses, adjusted EBITDA, and operating cash flow in third quarter 2023 – with improvements expected to continue through year end Cash, cash equivalents, and short-term investments closed third quarter 2023 at $108.2 million, a reduction of $19.4 million from the close of second quarter 2023 and the lowest period-over-period cash reduction since Q2 2022 Revising fu
Institutional Shareholder Services Recommends That Desktop Metal's Shareholders Vote For the Company's Proposals Merger Agreement Announced July 3rd, 2024 For Nano Dimension to Acquire Desktop Metal "Likely the Best Available at the Time" Based on the Sales Process and "the Implied Valuation Appears Fair" Desktop Metal's Shareholders Should Vote No Later Than 11:59 pm ET on October 1st Waltham, Mass, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or "Nano") and Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal" or "DM") today jointly announced that Institutional Shareholder Services ("ISS"), a leading proxy advisory firm, has recommended th
The Figur G15 uses patent-pending Digital Sheet Forming (DSF) technology in which a software-driven ceramic toolhead on a gantry shapes standard sheet metal into parts with up to 2,000 lbs of force With a maximum sheet size of 1600 x 1200 mm (63.0 x 47.2 in), the Figur G15 delivers parts with a draw depth up to 400 mm (16 in) in Z without custom forming tools, molds, dies, or presses The G15 supports forming a range of metals and sheet thicknesses – including steel up to 2.0 mm and aluminum up to 2.5 mm – and delivers a high quality surface finish Manufacturers now have a competitive way to offer formed sheet metal parts and products quickly for automotive, appliance, and aerospac
Nano Dimension's Voice Against Desktop Metal Merger Is Amplified with Similar Messages From Fellow Shareholder and Respected Independent Advisors With Expertise on the Matter Stratasys-Desktop Metal Deal Will be Highly Dilutive, Requiring Stratasys to Pay a Premium and Provide Financial Support to Desktop Metal While Offering Limited Upside Stratasys Shareholders Would Forgo Profitability and Financial Flexibility Stratasys Board Also Engages in Governance Malpractice in Approving a Deal to Issue Shares at Less Than Half the Price of the Prior All-Cash Offer, Which They Rejected Waltham, Mass., Sept. 22, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NAS
SAN JOSE, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Vectra AI, the leader in AI-driven cyber threat detection and response, today announced the appointment of Scott Dussault as chief financial officer (CFO). An accomplished executive with a proven track record of driving financial performance and creating shareholder value, Dussault will lead Vectra AI's financial operations as the company enters its next stage of growth. Dussault brings 30 years of experience to Vectra AI, having built, led, and advised both public and private technology companies through rapid stages of growth. Most recently, he served as CFO at Workhuman, a human capital management software provider, and prior to tha
WWE® (NYSE:WWE) today announced that Michelle McKenna and JoEllen Lyons Dillon have been elected to its Board of Directors. McKenna spent more than two decades as a senior leader at Disney, Universal Studios and the NFL, working across technology, digital strategy and finance. From 2012 to 2022, McKenna served as Chief Information Officer for the NFL, where she was responsible for the league's technology strategy and served as the executive sponsor of the Women's Interactive Group. She serves on the Board of Directors of Ring Central (NYSE:RNG), where she is a member of the audit, compensation and nominating & governance committees. McKenna previously served on the Board of Directors of In
Desktop Metal, Inc. (NYSE:DM) today announced the appointment of James Eisenstein to its Board of Directors effective as of July 27, 2021. Eisenstein was also appointed to serve on the Nominating and Corporate Governance Committee of the Board. Eisenstein has more than 30 years of leadership experience in both public and private technology companies, including an extensive background in M&A and industrial consolidation. He has founded several multi-billion-dollar companies, including American Tower Corporation (NYSE:AMT) which today has a market cap of over $120 billion. Eisenstein was also the Executive Chairman of the Board of Directors of Eaton Towers Limited, the largest independent to
BOSTON--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions, today announced the appointment of James Haley as its new Chief Financial Officer, effective February 12, and Arjun Aggarwal as Chief Product Officer, effective February 9. “I have previously worked with James and forged a great relationship with him over 13 years. He brings a strong track record of leading financial operations for high-growth technology companies with significant functional experience overseeing strategic transactions and public financing events,” said Ric Fulop, CEO and co-founder of Desktop Metal. “James has already proven to be a st