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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.

Desktop Metal, Inc. (DM) is revolutionizing the way design and manufacturing teams produce metal parts, covering the entire process from prototyping to mass production. The company leverages advancements in materials science, hardware and software engineering, and design to provide an innovative 3D printing solution for both metal and carbon fiber. This accessibility allows engineers, designers, and manufacturers to efficiently create complex parts.

Founded with a strong vision and supported by significant investments amounting to $212 million from industry leaders like Google, BMW, Lowe’s, and Kleiner Perkins Caufield & Byers, Desktop Metal has established itself as a frontrunner in the 3D printing industry. In recognition of its potential and innovative approach, the company was listed among the world’s 30 most promising technology pioneers by the World Economic Forum in 2017 and was also included in MIT Technology Review’s list of the 50 smartest companies.

Headquartered just outside of Boston, Desktop Metal is on a mission to assemble a team of experts. The company actively seeks curious and driven engineers, scientists, and designers to push the boundaries of what's possible in additive manufacturing.

Desktop Metal's 3D printing technologies are pivotal in the design and development of automotive parts, consumer goods, industrial equipment, and mechanical systems. Their products are shipped globally, covering markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC), with the Americas being their largest revenue source.

Continuously striving for excellence, the company has made significant strides in the healthcare sector through Desktop Health, showcasing their versatile and expansive application of 3D printing technology.

News

Stratasys Mails Letter Urging Shareholders to Vote FOR All Stratasys Proposals

Rhea-AI Summary
Stratasys urges shareholders to vote 'FOR' proposals related to the merger with Desktop Metal, highlighting the significant growth opportunities and creation of a leading additive manufacturing company. The merger is expected to generate $1.6+ billion of revenue and $300+ million of EBITDA in 2026, forming a >$1B AM company with a 20% pro forma EBITDA margin. Sell-side analysts agree that the combination creates a clear industry leader and makes sense.
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Desktop Metal Releases Video Showcasing How BMW Group Uses ExOne Binder Jetting Technology to Virtually Eliminate Emissions at its Landshut Light Metal Foundry

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ExOne and BMW Group utilize binder jet 3D printers for serial production of casted powertrain components.
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Nothing New: 3D Systems Announcement Only Repeats Already Rejected Inadequate Offer

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Stratasys highlights challenges with 3D Systems' inadequate offer
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Stratasys Urges Shareholders to Vote FOR the Desktop Metal Transaction

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Stratasys urges shareholders to vote 'FOR' merger agreement with Desktop Metal, creating an additive manufacturing powerhouse. Combination with Desktop Metal expected to double Stratasys' total addressable market for manufacturing by 2027. Cost synergies of $50+ million and revenue synergies of $50M expected by 2025. Transaction expected to generate $1.6+ billion of revenue and $300+ million of EBITDA in 2026.
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Stratasys Board Unanimously Concludes Revised 3D Systems Proposal Does Not Constitute a “Superior Proposal” and Terminates Discussions with 3D Systems

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Stratasys rejects revised proposal from 3D Systems to acquire the company for $7.00 in cash and 1.6387 newly issued shares of 3D Systems common stock per share, stating that it significantly undervalues Stratasys. Stratasys reaffirms support for pending combination with Desktop Metal. Concerns raised about 3D Systems' short-term growth prospects, profitability, synergy potential, regulatory risks, and management team's ability. Stratasys encourages shareholders to vote in favor of the merger with Desktop Metal.
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Desktop Metal and DSB Technologies Driving Metal Binder Jetting into Production with X-Series Lineup

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DSB Technologies adopts Desktop Metal's X-Series metal binder jetting lineup and Live Sinter software
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Desktop Metal Announces Sale of Production System P-50 and Super Fleet of Metal Binder Jet Systems to FreeFORM Technologies

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FreeFORM acquires the world's largest fleet of Desktop Metal binder jet 3D printers, including 25 DM printers, offering additive manufacturing of various metals. Strategic partnership with Ryerson Holding Corporation. FreeFORM now 3D prints production jobs for global customers. Capabilities to be showcased at Fabtech event. Positive outlook for cost efficiency and speed to market.
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Stratasys Mails Proxy Materials for Extraordinary General Meeting and Letter to Shareholders

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Stratasys announces mailing of proxy materials for the Extraordinary Meeting of Shareholders to vote on the merger with Desktop Metal, creating a next-generation additive manufacturing company. The merger is expected to accelerate growth, generate cost and revenue synergies, and increase revenue and EBITDA by 2026.
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Desktop Metal Announces Special Meeting of Stockholders to Vote on Proposed Merger with Stratasys

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Desktop Metal announces special meeting for consideration and voting on the merger agreement with Stratasys. The combined company aims to generate over $1.6 billion in revenue and more than $300 million of adjusted EBITDA in 2026, with a targeted pro forma margin of 20%. The transaction is expected to create significant cross-sell potential and synergies, with approximately $50 million in additional run rate cost synergies and $50 million in annual run-rate revenue synergies by 2025. The closing of the transaction is expected in Q4 2023.
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Desktop Metal Announces Second Quarter 2023 Financial Results

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Desktop Metal, Inc. (NYSE: DM) reported revenue of $53.3 million for Q2 2023, a 29% increase from the previous quarter. The company achieved its best quarter of adjusted EBITDA since going public. Cash, cash equivalents, and short-term investments closed at $127.6 million. Desktop Metal reaffirmed its full-year 2023 guidance of revenue between $210 to $260 million and adjusted EBITDA between $(50) to $(25) million. The company also announced a definitive agreement to combine with Stratasys in an approximately $1.8 billion all-stock transaction.
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FAQ

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

The current stock price of Desktop Metal (DM) is $4.4 as of November 21, 2024.

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

The market cap of Desktop Metal (DM) is approximately 151.1M.

What does Desktop Metal, Inc. specialize in?

Desktop Metal specializes in 3D printing for metal and carbon fiber, aimed at design and manufacturing teams for prototyping and mass production.

Where is Desktop Metal headquartered?

Desktop Metal is headquartered just outside of Boston, Massachusetts.

Who are some of the notable investors in Desktop Metal?

Notable investors include Google, BMW, Lowe’s, and Kleiner Perkins Caufield & Byers.

What industries can benefit from Desktop Metal's 3D printing technology?

Industries such as automotive, consumer goods, industrial equipment, and mechanical systems can benefit from Desktop Metal's 3D printing technology.

In which regions does Desktop Metal ship its products?

Desktop Metal ships its products to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC).

What notable recognitions has Desktop Metal received?

Desktop Metal was named one of the world’s 30 most promising technology pioneers by the World Economic Forum in 2017 and was included in MIT Technology Review’s list of the 50 smartest companies.

How much equity funding has Desktop Metal raised?

Desktop Metal has raised $212 million in equity funding.

What is the main revenue source for Desktop Metal?

The main revenue source for Desktop Metal is the Americas.

How does Desktop Metal contribute to the healthcare sector?

Through Desktop Health, Desktop Metal applies its 3D printing technology to create innovative solutions for the healthcare sector.

What kind of professionals is Desktop Metal looking to hire?

Desktop Metal is looking to hire curious and driven engineers, scientists, and designers to join their team.

Stock DM logo
Desktop Metal, Inc.

Nasdaq:DM

DM Rankings

#4071 Ranked by Market Cap
N/A Ranked by Dividends

DM Stock Data

151.11M
23.89M
28.33%
35.31%
8.1%
Computer Hardware
Special Industry Machinery, Nec
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United States of America
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