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 (NYSE: DM) is a leader in advanced additive manufacturing, transforming metal and carbon fiber production through innovative 3D printing solutions. This page provides investors and industry professionals with timely updates on corporate developments shaping the future of manufacturing technology.
Access official press releases, financial announcements, and strategic partnership updates in one centralized location. Track key initiatives ranging from new product launches to sustainability efforts, all critical for understanding DM's market position in sectors like automotive and industrial equipment.
Content includes earnings reports, regulatory filings, technology breakthroughs, and executive insights. Our curated news collection ensures you stay informed about DM's progress in making high-volume 3D printing accessible worldwide.
Bookmark this page for direct access to verified information from Desktop Metal. Regularly updated to reflect the company's latest advancements in materials science and production scalability.
The Delaware Court of Chancery has ruled in favor of Desktop Metal (NYSE: DM) in its litigation against Nano Dimension regarding their merger agreement from July 2, 2024. The Court found that Nano materially breached the Merger Agreement and rejected their counterclaims.
The Court ordered Nano to execute a national security agreement with the Committee on Foreign Investment in the United States within 48 hours, which is the final condition for closing the merger. If closing hasn't occurred by March 31, 2025, Desktop Metal can extend the end date at its discretion. The ruling is immediately appealable to the Delaware Supreme Court under Court of Chancery Rule 54(b).
Desktop Metal (NYSE: DM) has received confirmation from the Delaware Court of Chancery regarding trial dates set for March 11-12, 2025, concerning its ongoing litigation against Nano Dimension. The lawsuit pertains to the merger agreement between the two companies dated July 2, 2024. The Court granted Desktop Metal's motion to expedite proceedings during a hearing in December 2024, determining that expedition was warranted to address Desktop Metal's claims under the Merger Agreement. The company affirms its commitment to protecting its contractual rights while maintaining its focus on serving customers, employees, and stakeholders.
Desktop Metal (NYSE: DM) has secured an expedited trial in Delaware Court of Chancery for its lawsuit against Nano Dimension, scheduled for February 24, 2025. The lawsuit, filed December 16, 2024, alleges Nano Dimension breached merger agreement obligations by failing to obtain regulatory approval efficiently.
Additionally, Desktop Metal filed a second lawsuit on December 31, 2024, against both Nano Dimension and Markforged, concerning Nano Dimension's September 2024 agreement to acquire Markforged. Desktop Metal claims this acquisition would increase the risk of regulatory prohibition and delay their merger's consummation. The company seeks to prevent the Markforged Transaction from closing until after their merger completes.
Initially, Desktop Metal didn't expect the Markforged deal to impact their merger, assuming their transaction would close first. However, due to Nano Dimension's delays in obtaining CFIUS approval, circumstances have changed.
Desktop Metal (NYSE: DM) has filed a lawsuit against Nano Dimension in the Delaware Court of Chancery, alleging breach of merger agreement obligations. The lawsuit claims Nano Dimension failed to use reasonable best efforts to obtain regulatory approval for the merger. Desktop Metal seeks specific performance, including cooperation in obtaining Committee on Foreign Investment in the United States (CFIUS) approval and executing the proposed mitigation agreement.
The Court has scheduled an expedited hearing on December 30, 2024, regarding Desktop Metal's motion for an expedited trial in January. All other regulatory conditions have been satisfied, with CFIUS approval being the final remaining requirement. Desktop Metal aims to enforce contractual obligations and complete the merger, which it views as a strategic opportunity to create value for stakeholders.
Desktop Metal (NYSE: DM) has qualified a 100% recycled nickel-based superalloy for use in its metal binder jet 3D printing systems. The Mar-M247 alloy, processed by Continuum Powders, is now R&D Qualified for use on DM's X25Pro platform. This high-strength material, suitable for temperatures up to 1000°C, enhances the sustainability of DM's rapid, area-wide binder jet printing technology.
The qualification process involved rigorous testing to ensure the recycled powder met all material property requirements. DM CEO Ric Fulop sees this as a first step towards more eco-conscious materials offering significant ROI. The partnership with Continuum Powders aims to develop more recycled powders for metal binder jet 3D printing, potentially shortening supply chains and reducing costs.
Desktop Metal (NYSE: DM) will showcase its Figur G15 Pro and laser-free metal 3D printing technologies at IMTS 2024 in Chicago. The Figur G15 Pro, featuring Digital Sheet Forming (DSF) technology, will produce live parts and display a 1955 Tucker Carioca fender. A video highlighting the G15's ability to create exotic body panels for the Tucker Carioca concept car will premiere.
Desktop Metal will also exhibit its Studio System™, Shop System™, InnoventX™, and PureSinter™ Furnace. These technologies are qualified to process over 40 materials, including ceramics. The company's portfolio caters to top industry groups at IMTS, such as machine shops, metalworking, aerospace, automotive, and industrial machinery.
Desktop Health, part of Desktop Metal, Inc. (NYSE: DM), has announced that its Flexcera family resins are now qualified for use with LuxCreo 3D printers. Flexcera resins, which are FDA 510(k) cleared, MDR certified, and CE marked, are used for 3D printing various dental applications including implant supported dentures, veneers, crowns, bridges, and removable dentures.
The partnership expands LuxCreo's offerings beyond aligners, surgical guides, and night guards to include premium dental resins for restorative, cosmetic, implant, and denture applications. This collaboration is expected to benefit from the growing dental 3D printing market, projected to reach $8.1B by 2029 with a 19% CAGR from 2023 to 2029.
Desktop Metal (NYSE: DM) reported Q2 2024 financial results, revealing a revenue decline to $38.9 million from $53.3 million year-over-year. The company faced a net loss of $103.4 million, impacted by one-time noncash charges related to accelerated amortization and depreciation. Despite challenges, Adjusted EBITDA improved to $(13.2) million, a 12% year-over-year enhancement. Services revenue increased by 27% to $7.5 million. DM announced a definitive merger agreement with Nano Dimension, citing it as the best path forward amid challenging market conditions. The company continued its cost reduction efforts and launched new products, including the PureSinter™ Furnace. Desktop Metal withdrew financial guidance for the remainder of the year due to the pending acquisition.
Desktop Health, a brand of Desktop Metal, Inc. (NYSE: DM), has validated its Flexcera® Smile Ultra+ dental resin for use in All-on-X implant provisionals. This FDA 510(k) cleared nanoceramic polymer is now indicated for implant-supported denture provisionals, offering a cost-effective and efficient solution for dental professionals.
Key points:
- Flexcera Smile Ultra+ prints quickly and accurately on various 3D printers
- A single kilogram bottle can produce up to 50 All-on-X arches
- Print time for a full set of arches is about 20-30 minutes
- The global dental implant and prosthetics market is expected to reach $16B by 2029
- Dental professionals report increased case acceptance rates using this technology
Desktop Metal (NYSE: DM) has announced that it will release its second quarter 2024 financial results on Wednesday, July 31, 2024, before the market opens. The company will also make a summary presentation available on its Investor Relations website. Following the release, Desktop Metal will host a conference call at 8:30 a.m. ET to discuss the results.
Investors and analysts can access the call using the following numbers:
- U.S. participants: 1-800-717-1738
- International participants: 1-646-307-1865
A simultaneous webcast of the conference call and accompanying presentation will be available on the company's Investor Relations website. A replay of the call will also be made available shortly after its conclusion on the same website.
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