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Desktop Metal Inc - DM STOCK NEWS

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.

Rhea-AI Summary

Desktop Metal announced the launch of a Reactive Safety Kit for the Production System P-1, enabling safe, high-speed 3D printing of titanium and aluminum parts. The P-1 with Single Pass Jetting™ technology can complete each part layer in less than 3 seconds, making it ideal for R&D scaling and full production. Several major manufacturers have contracts with DM to scale titanium and aluminum projects. DM is displaying the P-1 at RAPID + TCT, showcasing its capabilities.

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Desktop Health™ announced the validation of Flexcera™ Family Resins for Asiga® 3D Printers, expanding global access to premium digital dental applications. Flexcera, FDA 510(k) cleared nanoceramic polymers, are now validated on Asiga 3D printers, accelerating growth in the dental 3D printing market projected to reach $8.1B by 2029. Flexcera Smile Ultra+, Smile, and Base are now available for dental labs and practices in the US, UK, EEA, and Canada, delivering innovative and high-quality solutions.

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Desktop Metal, Inc. (NYSE: DM) will release its financial results for the first quarter of 2024 on May 9, 2024. The company will host a conference call to discuss the results at 8:30 a.m. ET. Participants can access the call online or via phone. A summary presentation will be available on the Investor Relations website.

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Desktop Health, a brand of Desktop Metal, launches ScanUp program to help dentists adopt digital technologies. The program offers an iTero Element Flex scanner and comprehensive digital dentistry support. The total contract value of dentists signed up exceeds $32 million.
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Desktop Metal, Inc. (NYSE: DM) reported a revenue of $52.3 million for Q4 2023, down from $60.6 million year-over-year. The company saw improvements in net loss, adjusted EBITDA, gross margins, operating expenses, and operating cash flow. Despite a net loss of $(323.4) million in 2023, there was a significant improvement from $(740.3) million in 2022. Desktop Metal initiated cost reduction efforts totaling over $150 million, leading to positive results. The company's adjusted EBITDA of $(9.2) million marked a 56% year-over-year improvement, the strongest quarterly performance to date. Cash reserves closed at $84.5 million, with a 25% decrease in cash consumption compared to the previous year. The company provided a full-year 2024 revenue guidance of $175-$215 million and adjusted EBITDA between $(30)-$(10) million, aiming for breakeven in the second half of 2024.
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Desktop Metal, Inc. (NYSE: DM) will report financial results for Q4 and full year 2023 on March 15, 2024. A conference call will be held to discuss the results.
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Evonik and Desktop Metal collaborate to qualify INFINAM® ST 6100 L for 3D printing on ETEC Xtreme 8K and Pro XL, offering high-strength photopolymer resin for aerospace, automotive, and electronics industries.
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Desktop Health, a subsidiary of Desktop Metal, Inc. (NYSE: DM), introduces Flexcera Base Ultra+, a stronger 3D printable resin for gingiva fabrication in dentures. The updated formulation offers improved durability, fit, and aesthetics, with 50% more strength and 70% greater resistance to deformation. This innovation aims to revolutionize the dentures market, which is projected to grow at a CAGR of 7.5% from 2024 to 2030, reaching $4.6B. Flexcera Base Ultra+ is FDA 510(k) Class II cleared, CE Marked, and MDR Class I certified, catering to the increasing demand for digital denture solutions.
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Desktop Metal, Inc. (NYSE: DM) announced a $50 million cost-reduction plan, including a 20% workforce reduction, to align its cost structure to current market dynamics. The company aims to generate positive cash flow and achieve sustainable profitability amidst a downturn in the additive manufacturing industry. The plan anticipates additional annualized cost savings of $50 million, with the majority to be realized by the end of this month. The effort is part of a broader strategic business review and other actions, including continued consolidation of facilities and product rationalization.
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Carbon (CARB) introduces new dental resins Pac-Dent Rodin™ Sculpture, Desktop Health™ Flexcera™ Base, and Keystone Industries KeyGuard™ to diversify dental labs' offerings and streamline workflows.
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FAQ

What is the current stock price of Desktop Metal (DM)?

The current stock price of Desktop Metal (DM) is $4.96 as of April 1, 2025.

What is the market cap of Desktop Metal (DM)?

The market cap of Desktop Metal (DM) is approximately 166.0M.

What does Desktop Metal Inc specialize in?

Desktop Metal Inc specializes in advanced 3D printing solutions that enable the production of metal and carbon fiber parts from rapid prototyping to mass production.

How does the company streamline the manufacturing process?

The company integrates state-of-the-art technology with materials science, hardware/software engineering, and design innovation to facilitate a seamless workflow from concept to full-scale production.

Which industries benefit from Desktop Metal Inc's solutions?

Industries such as automotive, consumer goods, industrial equipment, and mechanical systems benefit from the versatile and efficient 3D printing capabilities offered by the company.

What is the competitive advantage of Desktop Metal Inc?

Its competitive advantage stems from a unique combination of advanced additive manufacturing processes, a deep understanding of materials science, and an integrated approach to design and engineering.

In which regions does Desktop Metal Inc operate?

The company serves a global market with operations spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific, ensuring broad market accessibility.

How does Desktop Metal Inc maintain its technological edge?

It continuously refines its manufacturing processes by investing in research and leveraging innovations in both hardware and software engineering to meet evolving industry standards.

How does Desktop Metal Inc support both prototyping and mass production?

The company's platform is designed to be flexible and scalable, allowing for rapid prototyping and seamless transition to high-volume manufacturing without compromising quality.

What makes Desktop Metal Inc's solutions versatile for various applications?

Their technology provides high precision and efficiency, making it adaptable for diverse applications, ranging from small-batch prototypes to full-scale industrial production.
Desktop Metal Inc

NYSE:DM

DM Rankings

DM Stock Data

166.04M
20.04M
39.88%
35.22%
8.54%
Computer Hardware
Special Industry Machinery, Nec
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United States
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