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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Desktop Metal's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Desktop Metal's position in the market.

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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Desktop Metal, Inc.

NYSE:DM

DM Rankings

DM Stock Data

275.69M
226.67M
23.29%
48%
19.78%
Other Industrial Machinery Manufacturing
Manufacturing
Link
United States of America
BURLINGTON

About DM

desktop metal is reinventing the way design and manufacturing teams produce metal parts - from prototyping through mass production. our team is built around the disciplines of materials science, hardware and software engineering, and design. we have raised $212 million in equity funding with investment from technology leaders including google, bmw, lowe’s, and kleiner perkins caufield & byers. in 2017, the company was selected as one of the world’s 30 most promising technology pioneers by world economic forum, and was recently named to mit technology review’s list of 50 smartest companies. located just outside of boston we are assembling a team of experts and are looking to hire curious and driven engineers, scientists, and designers.