DM - Earnings announcements

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

The Company to host its earnings call earlier, at 7:00 a.m. ET on Thursday, November 9 Desktop Metal, Inc. (NYSE:DM) today announced that it will be holding its previously announced conference call five hours earlier to better coincide with timing of the Company's earnings release. Company management will now host the conference call and webcast on third quarter 2023 financial results on November 9, 2023 at 7:00 a.m. ET. 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 accompanying summary presentation may be acce

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the third quarter ended September 30, 2023 before the market opens on Thursday, November 9, 2023. 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 12:00 p.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 accompanyin

Revenue of $53.3 million, up 29% sequentially GAAP gross margin of 11%; non-GAAP gross margin of 31% Best quarter of adjusted EBITDA since going public Year-over-year improvements to non-GAAP gross margins, operating expenses, adjusted EBITDA, and operating cash flow in second quarter 2023 Cash, cash equivalents, and short-term investments closed second quarter 2023 at $127.6 million, down $22.2 million from the close of first quarter 2023 Reaffirming full year 2023 guidance of revenue between $210 to $260 million, and adjusted EBITDA between $(50) to $(25) million, with expectation to achieve adjusted EBITDA breakeven before year end 2023 Announced definitive agreement t

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the second quarter ended June 30, 2023 after the market closes on Thursday, August 3, 2023. 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 4:30 p.m. ET to discuss the results. Participants may access the call at 1-888-999-3182, international callers may use 1-848-280-6330, and request to join the Desktop Metal financial results conference call. A simultaneous webcast of the conference call and the accompanying summa

Transaction Will Form Additive Manufacturing Leader with Comprehensive Offering, Combining the Most Advanced Metal Manufacturing Solution with Most Comprehensive Polymer and Operational Capabilities Combined Company Expected to Generate More Than $1.6 Billion of Revenue and More Than $300 Million of EBITDA in 2026 at Base Case Stratasys to Host Conference Call to Discuss Desktop Metal Combination and Unsolicited 3D Systems Proposal Today at 10:30 A.M. ET Stratasys Board Urges Stratasys Shareholders NOT to Tender Shares AND to File a Notice of Objection to Nano Dimension's Unsolicited, Inadequate and Coercive Partial Tender Offer Stratasys Ltd. (NASDAQ:SSYS) ("Stratasys" or the "Comp

Concludes 3D Systems Proposal Does Not Provide a Basis Upon Which to Enter into Discussions with 3D Systems Stratasys Ltd. (NASDAQ:SSYS) ("Stratasys" or the "Company"), a leader in polymer 3D printing solutions, today announced that its Board of Directors, after careful review and consultation with its independent financial and legal advisors, has unanimously determined that the May 30, 2023 unsolicited non-binding indicative proposal from 3D Systems Corporation (NYSE:DDD) ("3D Systems") to acquire Stratasys does not constitute a "Superior Proposal" and does not provide a basis upon which to enter into discussions with 3D Systems, pursuant to the terms of the merger agreement with Desktop

Investors' Call on Tuesday, May 30th, 2023 at 9:00 a.m. EDT The Company Will Address the Merits of the $18.00 Offer That Delivers Certain All-Cash Value At a Premium The Company Will Also Address the Issues with the Stratasys-Desktop Metal Deal Waltham, Mass, May 30, 2023 (GLOBE NEWSWIRE) -- As previously announced, Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension", "NANO" or the "Company"), a leading supplier of Additively Manufactured Electronics ("AME") and multi-dimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printers, will host a conference call on Tuesday, May 30th, 2023 at 9:00 a.m. EDT (4:00 p.m. IDT) to discuss its special tender offer to increase

Merger Creates a Next-Generation Additive Manufacturing Company Delivering Industrial Polymer, Metal, Sand and Ceramic Solutions from Design to Mass Production Combined Company Expected to Generate $1.1 Billion in Revenue with Adjusted EBITDA Margin of 10%-12% in 2025 Stratasys and Desktop Metal Reaffirm Previously Provided Guidance Companies to Host Conference Call to Discuss Transaction Today at 8:30 A.M. ET Visit www.NextGenerationAM.com for More Information Stratasys Ltd. (NASDAQ:SSYS) ("Stratasys") and Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal") today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transactio

Revenue of $41.3 million, with a growing number of repeat purchases from customers with multi-machine fleets of our Additive Manufacturing 2.0 systems Cost reduction plan delivered significant year-over-year improvements to adjusted EBITDA and operating cash flow in first quarter 2023 Combined $100 million in annualized savings from cost reduction plans remain on-track in order to reduce expense structure, expand margins, and drive to profitability Reaffirming full year 2023 guidance of revenue between $210 to $260 million, and adjusted EBITDA between $(50) to $(25) million, with expectation to achieve adjusted EBITDA breakeven before year end 2023 Desktop Metal, Inc. (NYSE:DM)

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the first quarter ended March 31, 2023 after the market closes on Wednesday, May 10, 2023. 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 4:30 p.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 accompanying summar

Record fourth quarter revenue of $60.6 million, up 6.8% from the fourth quarter of 2021 Record full year 2022 revenue of $209.0 million, up 86.0% from 2021 Cost reduction initiatives on-track to deliver $100 million in aggregate, annualized cost savings in 2023, prioritizing path to profitability Initiates full year 2023 revenue guidance of between $210 and $260 million Desktop Metal, Inc. (NYSE:DM) today announced financial results for the fourth quarter and full year ended December 31, 2022. "Desktop Metal delivered record revenue for fourth quarter and full year 2022, fueled by our differentiated portfolio of AM 2.0 mass production solutions, our strong market position, and the

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the fourth quarter and full year ended December 31, 2022 after the market closes on Wednesday, March 1, 2023. 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 4:30 p.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 a

Revenue of $47.1 million, up 85% from third quarter 2021 Announced strategic collaboration with Align Technology to bring digital dentistry and workflows for printing to the mass market Accelerating and expanding Strategic Integration and Cost Optimization Initiative to reduce expense structure, drive margin expansion, and prioritize path to profitability Desktop Metal, Inc. (NYSE:DM) today announced its financial results for the third quarter ended September 30, 2022. "Our team continued to work diligently in the third quarter to drive adoption of our AM 2.0 mass production solutions with continued traction from both customers and major strategic partners," said Ric Fulop, Founder

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the third quarter ended September 30, 2022 after the market closes on Wednesday, November 9, 2022. 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 4:30 p.m. ET to discuss the results. Participants may access the call at 1-888-999-5318, international callers may use 1-848-280-6460, and request to join the Desktop Metal financial results conference call. A simultaneous webcast of the conference call and the accompanying

Record revenue of $57.7 million, up 204% from second quarter 2021, and an increase of 32% sequentially from first quarter 2022 GAAP gross margin of 14.6%; non-GAAP gross margin of 26.7%, increasing over 170 basis points from second quarter 2021 Announced Strategic Integration and Cost Optimization Initiative to accelerate AM 2.0 growth, support path to profitability, and drive value to shareholders Unveiled FreeFoam, a revolutionary, expandable 3D printable resin designed for volume production of foam parts Reaffirming full year 2022 guidance of approximately $260 million for revenue, representing 131% growth from 2021, and approximately $(90) million for adjusted EBITDA Desktop

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the second quarter ended June 30, 2022 after the market closes on Monday, August 8, 2022. 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 4:30 p.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 accompanying summary

Revenue growth of 286% from the first quarter of 2021 to $43.7 million Commenced shipments of Production System P-50 Installed initial Production System P-1 in China at a hyperscale account with technical and commercial developments across multiple sizable opportunities Launched the all-new S-Max Flex for affordable and scalable digital sand casting Reaffirming full year 2022 guidance of approximately $260 million for revenue, representing 131% growth from 2021, and approximately $(90) million for adjusted EBITDA Desktop Metal, Inc. (NYSE:DM) today announced its financial results for the quarter ended March 31, 2022. "Following a revolutionary year in which we made significant p

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the first quarter ended March 31, 2022 prior to market open on Tuesday, May 10, 2022. 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 8:00 a.m. ET to discuss the results. Participants may access the call at 1-855-560-2573, international callers may use 1-412-317-5237, and request to join the Desktop Metal financial results conference call. A simultaneous webcast of the conference call and the accompanying summary pres

Fourth quarter revenue of $56.7 million, up 123% sequentially from the third quarter of 2021, and up 62% sequentially excluding revenue from the ExOne acquisition Fourth quarter GAAP gross margin of 22%; non-GAAP gross margin of 31%, representing the sixth consecutive quarter of gross margin expansion Full year 2021 revenue of $112.4 million, up 583% from 2020 Full year 2021 organic revenue growth from metal offerings up 163% from 2020 Commenced shipments of Production System™ P-50 with inaugural customer Stanley Black & Decker Initiates full year 2022 revenue guidance of approximately $260 million, representing 131% growth from 2021 Desktop Metal, Inc. (NYSE:DM) today announce

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the fourth quarter and full year ended December 31, 2021 prior to market open on Tuesday, March 8, 2022. 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. EST 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 accom

Revenue growth of 34% from the second quarter of 2021 to $25.4 million GAAP gross margin of 16%; non-GAAP gross margin of 27% Closed ExOne acquisition, cementing leadership in additive manufacturing for mass production Acquired Meta Additive, adding next-generation functional binder technology focused on reducing shrinkage during sintering Acquired Aidro, adding AM design and high-volume production capabilities for manifolds, hydraulics, and fluid power systems Desktop Metal, Inc. (NYSE:DM) today announced its financial results for the third quarter ended September 30, 2021. "During the third quarter, we delivered solid financial performance underscored by sequential top-line gr

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the third quarter ended September 30, 2021 after the market closes on Monday, November 15, 2021. At this time, a summary presentation of third quarter 2021 financial results 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 4:30 p.m. EST to discuss the results. Participants may access the call at 1-844-826-3033, international callers may use 1-412-317-5185, and request to join the Desktop Metal financial results conference call. A simultaneous webcast of t

Revenue up 68% from the first quarter of 2021 to $19.0 million GAAP gross margin of 12%; non-GAAP gross margin of 25% Customer adoption momentum as new customers grew 44% sequentially from the first quarter of 2021 Accelerating metal systems shipments, including strong growth across Production System P-1, Shop System, and Studio System 2 Acquired Aerosint, adding multi-material capabilities to AM 2.0 portfolio Acquired Beacon Bio, adding PhonoGraft biofabrication platform to Desktop Health portfolio Robust liquidity position with cash, cash equivalents and short-term investments of $514.5 million as of June 30, 2021 Desktop Metal enters into definitive agreement to acquire Th

Acquisition Joins Two Additive Manufacturing Pioneers and Complementary Technology Platforms to Further Accelerate the Adoption of Additive Manufacturing 2.0 Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal") and The ExOne Company (NASDAQ:XONE) ("ExOne") announced today they have entered into a definitive agreement pursuant to which Desktop Metal will acquire all of the issued and outstanding shares of ExOne common stock. Under the terms of the agreement, ExOne shareholders will receive $8.50 in cash and $17.00 in shares of Desktop Metal common stock for each share of ExOne common stock, for a total consideration of $25.50 per share, representing a transaction value of $575 million, subject t

Desktop Metal, Inc. (NYSE:DM) today announced it will report financial results for the second quarter ended June 30, 2021 after the market closes on Wednesday, August 11, 2021. At this time, a summary presentation of second quarter 2021 financial results will also be available online from a link in 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 4:30 p.m. EDT to discuss the results. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the Desktop Metal financial results conference call. A simultaneous we

Revenue up 35% from the fourth quarter of 2020 to $11.3 million Expanded materials portfolio to over 225 materials across metals, composites, polymers, ceramics, biocompatible materials, and now wood and elastomers Accelerated customer adoption, adding more customers in the first quarter of 2021 than all of 2020 combined Introduced Forust process for high-volume production of printed wood parts Launched Flexcera as the first major product line for dental applications from Desktop Health and received FDA 510(k) clearance for Flexcera Base Acquired Adaptive3D, a category-leader in printable elastomers and rubber materials Robust liquidity position with cash, cash equivalents and

BOSTON--(BUSINESS WIRE)--Desktop Metal, Inc. (NYSE: DM), (“Desktop Metal” or “the Company”), a leader in mass production and turnkey additive manufacturing solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2020. “The fourth quarter of 2020 was transformative for our Company as we became the only publicly traded pure-play AM 2.0 company,” said Ric Fulop, CEO and co-founder of Desktop Metal. “We achieved key milestones in our path to driving adoption of additive manufacturing with the global shipments of our Shop System and Production System P-1 solutions. Our acquisition of EnvisionTEC in February strengthens our market positi