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) regularly issues news that reflects its role in Additive Manufacturing 2.0 and the industrial 3D printing market. Company announcements cover topics ranging from corporate strategy and legal developments to product qualifications, technology showcases, and sector-specific applications in areas such as dental, automotive, and industrial manufacturing.
Recent news has focused heavily on the proposed merger between Desktop Metal and Nano Dimension Ltd. Desktop Metal has disclosed multiple legal actions in the Delaware Court of Chancery, alleging breaches of the merger agreement and seeking specific performance to require Nano Dimension to obtain regulatory approvals and complete the transaction. Updates include the granting of an expedited trial and a later court ruling that, according to Desktop Metal, found Nano Dimension in material breach and ordered steps intended to allow the merger to close.
Beyond corporate and legal news, Desktop Metal frequently highlights developments in its product and materials portfolio. Examples include qualification of a 100% recycled nickel-based superalloy from Continuum Powders for use on its metal binder jet 3D printers, as well as the showcasing of technologies such as the Figur G15 Pro Digital Sheet Forming system, the Studio System, Shop System, InnoventX, and the PureSinter Furnace at major industry events like IMTS.
Desktop Health, the company’s dental and medical brand, also generates news through validations of Flexcera nanoceramic resins for additional 3D printer platforms and clinical indications, including implant-supported denture provisionals. Visitors to this news page can review these updates to understand how Desktop Metal is positioning its technologies, how its merger process is progressing, and how its materials and systems are being adopted across different applications.
Desktop Metal (NYSE: DM) has launched the ExOne S-Max® Flex, an innovative 3D printing system designed for foundries, which simplifies the casting of complex metal designs. Leveraging advanced Single Pass Jetting™ technology, the S-Max Flex is marketed as the most affordable sand 3D printer, aiming to democratize access to sand binder jetting. With a build rate of up to 115 l/h and a maximum print size of 4700 x 1000 x 1000 mm, it addresses labor shortages and rising demand in the metalcasting industry. The product will debut at CastExpo 2022, from April 23-26 in Columbus, Ohio.
Desktop Metal (NYSE: DM) has sold its 10th digital sand 3D printer to Kimura Foundry Group, enhancing its production capabilities across the United States and Japan. Kimura, now owning the largest number of ExOne systems globally, experienced a 500% revenue increase after adopting ExOne's technology. The new printer will help streamline production processes, reducing mold and core production times from 40 days to just five. This partnership positions Kimura as a leader in additive manufacturing within the foundry industry.
Desktop Metal, Inc. (NYSE:DM) has announced that Ultra Safe Nuclear Corporation (USNC) has adopted two updated 3D printers from its X-Series line, with plans for two additional machines this year. These advanced 3D printers will enable USNC to produce Fully Ceramic Micro-encapsulated (FCM) fuel, a safe and reliable nuclear energy solution. The X-Series line is designed for scalability and high performance, promising significant advancements in additive manufacturing technology. Dr. Kurt A. Terrani of USNC praised the cost-effective and reliable binder jetting process for their production needs.
Desktop Metal announced its fourth-quarter revenue of $56.7 million, a 123% sequential increase from Q3 2021 and a 577% rise year-over-year. For the full year 2021, revenue totaled $112.4 million, reflecting a 583% increase from 2020. The company's gross margins expanded for six consecutive quarters, with a Q4 non-GAAP gross margin of 31%. Looking ahead, Desktop Metal projects 2022 revenue around $260 million, representing 131% growth from 2021. Despite a net loss of $71.2 million in Q4, strong customer demand and strategic initiatives are positioned to drive future growth.
Desktop Metal has launched the X-Series line of binder jet 3D printing systems, expanding its capabilities to include specialty materials like ceramics alongside metals. This innovative line enhances mass production efficiency through patented technology. The X-Series features three models: InnoventX™, X25Pro™, and X160Pro™, catering to diverse production needs. The systems promise tight tolerances and high densities, addressing the growing demand for scalable additive manufacturing solutions. Desktop Metal's focus on advanced materials positions it as a leader in the 3D printing sector.
Desktop Metal, Inc. (NYSE: DM) will announce its financial results for Q4 and full year ending December 31, 2021 on March 8, 2022, before market open. A conference call will follow at 8:30 a.m. EST. Participants can join via phone or through a webcast available on the company’s Investor Relations website. Desktop Metal is recognized for its innovative 3D printing solutions aimed at enhancing manufacturing efficiency.
Desktop Metal (NYSE:DM) has successfully shipped its first Production System™ P-50 printer to Stanley Black & Decker (NYSE:SWK). This milestone signifies the commercialization of Desktop Metal's advanced additive manufacturing technology, enabling mass production of metal parts. The P-50 is designed for high-performance output and is expected to be up to 100 times faster than traditional methods, with a production capacity reaching millions of parts annually. This development follows a $100 million investment and four years of dedicated research and development.
Desktop Metal has launched a new brand, ETEC, marking a significant milestone as it continues to integrate EnvisionTEC into its operations. Celebrating its first anniversary under Desktop Metal, ETEC focuses on 3D printing solutions tailored for industrial and consumer markets, leveraging EnvisionTEC's pioneering digital light processing technology. The brand aims to enhance customer relationships and drive innovation in various sectors, including healthcare and manufacturing. With exclusive materials and partnerships, ETEC is poised to redefine additive manufacturing.
Desktop Health, a subsidiary of Desktop Metal (NYSE: DM), has launched the Einstein™ series, a family of advanced 3D printers tailored for dental applications. The series includes models designed for various dental needs, enhancing efficiency with speeds up to 50% faster than previous models. Additionally, the Flexcera™ Smile Ultra+ resin has received FDA clearance for permanent dental restorations. This 3D printing solution allows dentists to create same-day dental prosthetics with high strength and aesthetics, significantly reducing patient wait times.
Desktop Metal has launched a custom stainless steel alloy named DM HH Stainless Steel (DM HH-SS), designed for high-strength, corrosion-resistant components in industries like oil & gas, automotive, consumer products, and medical devices. Utilizing the Production System with Single Pass Jetting™ technology, this alloy supports mass production of durable parts—enhancing manufacturing efficiency. The new material improves upon existing options by eliminating the need for plating, reducing supply chain complexities, and aiming for environmentally friendly manufacturing.