Welcome to our dedicated page for Desktop Metal news (Ticker: DM), a resource for investors and traders seeking the latest updates and insights on Desktop Metal stock.
Overview
Desktop Metal Inc (symbol: DM) is a transformative force in the advanced manufacturing landscape, pioneering the integration of 3D printing technology into metal and carbon fiber parts production. Employing a cutting-edge approach that combines materials science, hardware and software engineering, and innovative design, the company delivers solutions that streamline the entire process from rapid prototyping to scalable mass production. Industry-specific keywords such as "3D printing", "additive manufacturing", and "design innovation" underscore its technical expertise and market impact.
Core Business Operations
The company specializes in creating high-quality metal parts through state-of-the-art 3D printing techniques that cater to diverse applications. By reinventing traditional manufacturing processes, Desktop Metal Inc enables design and engineering teams to rapidly iterate prototypes and efficiently transition to full-scale production. Its robust ecosystem of technologies and integrated workflows addresses the needs of sectors such as automotive, consumer goods, industrial equipment, and mechanical systems.
Technological Innovation
At the heart of Desktop Metal Inc's operations is its innovative approach to additive manufacturing. The company continually refines its processes to improve reliability, precision, and production speed while maintaining high standards of quality. Leveraging the latest advancements in materials science coupled with sophisticated software and hardware solutions, the firm provides a versatile platform that supports a wide range of manufacturing challenges and applications.
Market Reach and Global Presence
Operating across key global regions, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific, Desktop Metal Inc has strategically positioned itself to serve a broad spectrum of markets. While the company derives a significant portion of its revenue from the Americas, its innovative solutions have cemented its presence across multiple continents, reinforcing its commitment to making advanced metal 3D printing accessible to diverse engineering and manufacturing communities.
Industry Impact and Recognition
Desktop Metal Inc has garnered attention from industry observers and experts by showcasing its pioneering work in the 3D printing sector. This recognition is a testament to its dedication to redefining manufacturing paradigms through a blend of technical ingenuity and practical applications. The company’s collaborative efforts in research and continuous innovation help it to maintain a competitive edge by addressing complex manufacturing challenges with precision and scalability.
Competitive Position and Value Proposition
The core value proposition of Desktop Metal Inc lies in its ability to bridge the gap between traditional manufacturing methods and futuristic additive processes. By combining state-of-the-art technology with an in-depth understanding of materials and design, the company offers a unique solution that not only enhances production efficiency but also opens new possibilities in product development. Its integrated approach and commitment to technological excellence set it apart in a competitive market, ensuring that design and manufacturing teams can achieve optimal outcomes with reliable, high-quality metal parts.
Conclusion
In summary, Desktop Metal Inc exemplifies the evolution in manufacturing, reinforcing its position as a critical player in the field of metal 3D printing. Through its commitment to research, innovative design, and efficient production, the company provides robust solutions that empower a wide array of industries to achieve greater precision and versatility in manufacturing. Its holistic approach and expert integration of engineering disciplines make it a noteworthy entity in the landscape of advanced manufacturing technologies.
Desktop Health, a subsidiary of Desktop Metal (NYSE: DM), announced the acquisition of the PhonoGraft™ platform, intended for 3D printing solutions supporting tympanic membrane regeneration. This technology aims to enhance soft tissue regeneration across various healthcare applications. Developed by researchers at Harvard University and Mass Eye and Ear, PhonoGraft could revolutionize treatments for eardrum perforations, offering minimally invasive procedures with improved healing outcomes. Currently, the technology is in advanced research stages and is not yet available for sale.
Desktop Metal, Inc. (NYSE: DM) will join the Russell 2000® Index following the 2021 annual reconstitution effective June 28, 2021. This inclusion is based on its membership in the Russell 3000® Index, which is recognized by investment managers and institutional investors for benchmarking. Approximately $10.6 trillion in assets utilize Russell indexes. Desktop Metal, known for its innovative 3D printing solutions, aims to revolutionize manufacturing by tackling challenges related to speed, cost, and quality.
Desktop Metal (NYSE: DM) has successfully qualified 4140 low-alloy steel for its Production SystemTM platform, a breakthrough in metal additive manufacturing. This qualification allows for the mass production of complex parts using 4140, a versatile material known for its toughness and strength. Businesses can now produce parts faster and cheaper, achieving up to 690,000 parts annually at costs as low as $0.28 per cubic centimeter. This advancement represents significant cost and time savings compared to traditional manufacturing methods, setting Desktop Metal apart as a leader in the industry.
Desktop Metal, Inc. (NYSE: DM) reported a robust first quarter for 2021, achieving $11.3 million in revenue, up 35% from Q4 2020 and 234% year-over-year. The company experienced accelerated customer adoption, adding more clients than in all of 2020 combined. Significant highlights included the acquisition of Adaptive3D, expansion of their materials portfolio to over 225 materials, and the launch of Flexcera for dental applications. However, the net loss was $59.1 million. Desktop Metal maintains a strong liquidity position with $572.2 million in cash as of March 31, 2021.
Desktop Metal has acquired Adaptive3D, a leader in elastomeric solutions for additive manufacturing. This acquisition aims to enhance Desktop Metal's material portfolio and support high-volume applications. Adaptive3D specializes in producing photopolymer elastomers that facilitate the production of durable, biocompatible parts across various industries, including healthcare and transportation. The partnership will leverage Adaptive3D’s advanced materials with Desktop Metal’s high-throughput printers. This acquisition positions Desktop Metal to capture a share of the estimated $129 billion elastomer market.
Desktop Health, launched by Desktop Metal, has received FDA 510(k) clearance for its FlexceraTM Base, a proprietary resin for 3D fabrication of dental prosthetics. This marks the company's entry into the digital dental solutions market alongside FlexceraTM Smile. The global dentures market is projected to reach $3.8 billion by 2027, driven by the increasing edentulous population in the U.S. Flexcera promises enhanced strength, aesthetics, and moisture resistance, making it suitable for same-day dental prosthetics, with commercialization expected by June.
Desktop Metal, Inc. (NYSE: DM) announced that it will release its first-quarter financial results for the period ending March 31, 2021, after market closure on May 17, 2021. A presentation summarizing the financial results will be available on the Investor Relations website. The company will hold a conference call at 4:30 p.m. EST on the same day to discuss the results.
Desktop Metal, founded in 2015, focuses on transforming manufacturing through innovative 3D printing solutions and has gained recognition from the World Economic Forum and MIT Technology Review.
Desktop Metal (NYSE: DM) is set to present at two investor conferences. The first will be the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, at 10:15 - 10:55 a.m. ET, followed by the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 11:20 - 11:50 a.m. ET. Both events will include one-on-one meetings for institutional investors. Interested parties can access webcasts on the Events and Presentations section of the company's investor relations website.
Desktop Metal (NYSE: DM) has launched Forust™, a groundbreaking 3D printing process that transforms wood manufacturing waste into functional wood parts. Utilizing patented binder jetting technology, Forust upcycles cellulose dust and lignin, producing high-quality custom wooden items with a digital grain. This innovation offers architects and designers a sustainable alternative to traditional woodworking, significantly reducing waste and carbon footprints while enhancing design capabilities. The global finished wood products market is projected to reach $1.8 trillion by 2027, presenting substantial growth opportunities for Forust.
Desktop Metal (NYSE: DM) has successfully qualified 316L stainless steel for its Production System™ platform, utilizing Single Pass Jetting™ (SPJ) technology for enhanced speed in metal additive manufacturing. With applications across marine, pharmaceutical, and medical industries, 316L offers excellent corrosion resistance and mechanical properties. Notably, the Production System P-50 can produce over 5,500 parts weekly at competitive costs, demonstrating its capability to deliver high-quality, end-use parts efficiently.
FAQ
What is the current stock price of Desktop Metal (DM)?
What is the market cap of Desktop Metal (DM)?
What does Desktop Metal Inc specialize in?
How does the company streamline the manufacturing process?
Which industries benefit from Desktop Metal Inc's solutions?
What is the competitive advantage of Desktop Metal Inc?
In which regions does Desktop Metal Inc operate?
How does Desktop Metal Inc maintain its technological edge?
How does Desktop Metal Inc support both prototyping and mass production?
What makes Desktop Metal Inc's solutions versatile for various applications?
