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Desktop Metal Inc - DM STOCK NEWS

Welcome to our dedicated news page for Desktop Metal (Ticker: DM), a resource for investors and traders seeking the latest updates and insights on Desktop Metal.

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.

News
Desktop Health Launches ScanUp™ Digital Dentistry Adoption Subscription Program to Modernize Dental Practice Efficiency and Patient Care
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
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News
Desktop Metal Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.78%
Tags
earnings
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News
Desktop Metal to Release Fourth Quarter and Full Year 2023 Financial Results on Friday, March 15, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.58%
Tags
earnings
News
Desktop Metal and Evonik Expand Partnership, Announce Qualification of Photopolymer on Large Format Additive Manufacturing 2.0 Systems for High-Performance, High-Temperature Products
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
Tags
partnership
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News
Desktop Health™ Announces Flexcera™ Base Ultra+ Dental Resin for Stronger, More Comfortable 3D Printed Dentures
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.36%
Tags
none
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News
Desktop Metal Intensifies Cost Reduction Plan and Ongoing Strategic Business Review to Accelerate Path to Profitability
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.89%
Tags
none
News
Carbon Introduces Three New Resins to Its Platform, Unlocking New Applications for Dental Labs
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.96%
Tags
none
-
News
Desktop Metal Now Shipping the Figur G15 – a Digital Sheet Metal Forming Machine that Eliminates the Need for Custom Tooling
Rhea-AI Summary
Desktop Metal (DM) announced the commercial shipments of Figur G15, a Digital Sheet Forming (DSF) machine tool, to Saltworks Fab, a Florida-based automotive restoration and hot rod company. The Figur G15 uses patent-pending DSF technology, shaping standard sheet metal into parts with a maximum sheet size of 1600 x 1200 mm and a draw depth of up to 400 mm. It supports forming a range of metals and sheet thicknesses, offering a competitive way for manufacturers to produce sheet metal parts quickly without high startup costs. The Figur G15 has sold out its initial manufacturing run and is accelerating production to meet demand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
none
-
News
Desktop Health Announces First Patients Treated with FDA-Cleared CMFlex™ – an Off-the-Shelf 3D Printed Synthetic Bone Graft Product Pioneered by Dimension Inx on the 3D-Bioplotter®
Rhea-AI Summary
Dimension Inx (DM) has successfully implanted its innovative CMFlex material in multiple patients, marking a significant milestone in regenerative therapeutics. CMFlex, the first 3D printed regenerative bone graft product cleared by the FDA, eliminates the need for invasive bone harvesting and shaping. The product has been used in jaw surgeries and dental socket preservation cases, showcasing its versatility and potential impact on the medical industry. Dimension Inx's co-founders, Dr. Ramille Shah and Dr. Adam Jakus, have been instrumental in the development and manufacturing of CMFlex, demonstrating the company's commitment to cutting-edge medical solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.53%
Tags
none
News
Desktop Metal, Inc. Receives Continued Listing Standard Notice from NYSE
Rhea-AI Summary
Desktop Metal, Inc. (NYSE: DM) received a notice from the NYSE on November 22, 2023, indicating non-compliance with the NYSE's continued listing standards due to the average closing price of its common stock being less than $1.00 over a consecutive 30 trading-day period. The notice does not lead to immediate delisting, allowing a six-month period for Desktop Metal to regain compliance. The company intends to consider alternatives, including a reverse stock split, to cure the stock price non-compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.53%
Tags
none
Stock DM logo
Desktop Metal Inc

NYSE:DM

DM Rankings

#3495 Ranked by Market Cap
#5032 Ranked by Stock Gains
N/A Ranked by Dividends

DM Stock Data

315.23M
226.67M
23.29%
48%
19.78%
Other Industrial Machinery Manufacturing
Manufacturing
Link
United States
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.