Desktop Metal Inc Stock Price, News & Analysis

Desktop Metal, Inc. (NYSE: DM) will have its Founder and CEO, Ric Fulop, present at the Stifel 2022 Cross Sector Insight Conference on Tuesday, June 7, 2022, at 4:10 p.m. EST, at the InterContinental Boston Hotel. A live webcast of this presentation will be available on Desktop Metal's investor relations site, and attendees are encouraged to register 15 minutes early for timely access. A replay will also be available following the event. Desktop Metal specializes in advanced 3D printing solutions aimed at revolutionizing manufacturing.

Desktop Metal and Lumafield have introduced a Supply Chain Resilience package to address manufacturing challenges. This innovative solution combines CT scanning and 3D printing, enabling manufacturers to scan and reproduce high-demand parts without needing original CAD models. The collaboration, prompted by supply chain disruptions, allows quick digitization of legacy parts. Customers purchasing a Desktop Metal printer by July 1, 2022, will receive 15 CT scans and engineering support while awaiting their scanner. This technology aims to enhance production efficiency and reduce supply chain risks.

Desktop Metal has launched DuraChain™, a pioneering line of photopolymers designed for digital light processing (DLP) printing. Utilizing a Photo Polymerization-Induced Phase Separation (PIPS) process, these materials provide exceptional elastic and tough properties. The DuraChain materials, including Elastic ToughRubber™ in various hardnesses, will be exclusively available on the ETEC Xtreme 8K system, enabling resilient, high-performance parts. With a long pot life of approximately one year, DuraChain photopolymers aim to spur innovation in 3D printing, marking a significant advancement in the additive manufacturing sector.

Desktop Metal (NYSE:DM) will showcase over 300 3D printed production parts at RAPID + TCT from May 17-19 in Detroit. This marks the first public display of its expanded Team DM portfolio, which includes innovative 3D printing solutions across various materials. Highlights include a hydraulic valve with a 60% weight reduction and the Production System P-1, an advanced 3D printer designed for rapid metal part production. The company aims to support President Biden's AM Forward initiative to enhance local manufacturing through advanced additive technologies.

Desktop Metal, Inc. (NYSE: DM) has announced the pricing of a $100,000,000 offering of 6.0% convertible senior notes due 2027, intended for qualified institutional buyers. The notes are set to mature on May 15, 2027, with interest paid semi-annually starting November 15, 2022. The net proceeds are estimated at $96.7 million, aimed at funding working capital and general corporate purposes. Noteholders can convert their notes under specific conditions, with an initial conversion rate of 601.5038 shares per $1,000 principal amount, representing a 25% premium over the last share price.

Desktop Metal (NYSE: DM) announced plans to offer up to $150,000,000 in convertible senior notes due May 15, 2027. The offering is intended for qualified institutional buyers and includes an option for initial purchasers to buy an additional $22,500,000 in notes. The notes will mature in 2027 and may be converted under certain conditions. Proceeds will fund working capital and corporate purposes. The company cautioned that forward-looking statements are subject to risks and uncertainties, and details regarding the offering will be finalized upon pricing.

Desktop Metal reported a remarkable revenue increase of 286% year-over-year, reaching $43.7 million for Q1 2022. The company launched its new S-Max Flex for scalable digital sand casting and commenced shipments of its Production System P-50. The initial P-1 system was installed in China, enhancing its market presence. Despite a net loss of $69.9 million, Desktop Metal reaffirms its 2022 revenue guidance of approximately $260 million, projecting 131% growth from 2021, along with adjusted EBITDA of $(90) million.

Desktop Metal (NYSE: DM) announces its commitment to the Biden Administration’s AM Forward initiative, which aims to enhance U.S. supply chains through additive manufacturing (AM). The company focuses on making AM technology accessible to all manufacturers, facilitating quicker, cost-effective, and sustainable production. Notably, 90% of North American foundries plan to invest in capital improvements, including 3D printers. Desktop Metal will showcase over 300 3D printed parts at the RAPID + TCT event from May 17-19 in Detroit, highlighting its role in modernizing manufacturing and reducing dependency on global supply chains.

Desktop Metal, Inc. (NYSE: DM) will release its financial results for Q1 2022 on May 10, 2022, before market open. The company will also host a conference call at 8:00 a.m. ET that day to discuss the results, which can be accessed at 1-855-560-2573 for U.S. callers or 1-412-317-5237 for international callers. A simultaneous webcast will be available on Desktop Metal's Investor Relations website. The company focuses on transforming manufacturing through its 3D printing solutions, addressing challenges of speed, cost, and quality.