Welcome to our dedicated page for DOMINION ENERGY news (Ticker: DM), a resource for investors and traders seeking the latest updates and insights on DOMINION ENERGY 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 reported a 34% revenue growth to $25.4 million in Q3 2021, marking a 907% increase year-over-year. The company achieved a GAAP gross margin of 16% and a non-GAAP gross margin of 27%, reflecting a sequential increase of over 180 basis points. Significant acquisitions included ExOne, Meta Additive, and Aidro, strengthening its leadership in additive manufacturing. However, there was a net loss of $66.9 million, including $15.2 million for acquisitions. Full-year revenue guidance is now between $92 million and $102 million.
Desktop Metal has successfully completed the acquisition of ExOne, approved by a majority of ExOne’s shareholders. The transaction, valued at approximately $561.3 million, offers ExOne shareholders $8.50 in cash and $16.43 in Desktop Metal common stock per share, totaling about $24.93 per share. This acquisition enhances Desktop Metal’s leadership in additive manufacturing by expanding its product portfolio. ExOne will operate as a wholly owned subsidiary, maintaining its headquarters in North Huntingdon, Pennsylvania.
Desktop Metal has completed its acquisition of ExOne after gaining approval from ExOne’s shareholders. This strategic move enhances Desktop Metal's position in additive manufacturing, offering complementary solutions and a broader product portfolio. ExOne shareholders received approximately $24.93 per share, totaling about $561.3 million. Desktop Metal aims to leverage ExOne’s customer base, improving access to its AM 2.0 solutions. The company plans to fully integrate ExOne while continuing operations in North Huntingdon, Pennsylvania.
Shapeways Holdings, Inc. (NYSE: SHPW) and Desktop Metal, Inc. (NYSE: DM) have announced a significant partnership enhancing 3D printing services. This collaboration aims to provide manufacturing teams with streamlined access to advanced 3D printing technologies at Shapeways’ facilities in New York and the Netherlands. Shapeways will utilize Desktop Metal's systems to expand its manufacturing capabilities, facilitating rapid production and cost-effective solutions for customers in various industries. This initiative is set to roll out in early 2022, with further integrations planned.
Shapeways Holdings (NYSE: SHPW) and Desktop Metal (NYSE: DM) announced a significant partnership to enhance 3D printing services. Building on a collaboration initiated in 2021, Shapeways will expand Desktop Metal's production capabilities at its manufacturing sites in New York and the Netherlands. This alliance aims to provide clients with immediate access to advanced 3D printing technologies and services, including Desktop Metal’s AM 2.0 platforms and extensive materials library. The initiative is designed to support clients in reducing costs and improving manufacturing flexibility.
Desktop Metal has announced the opening of a new in-house manufacturing facility in Massachusetts to significantly increase assembly space dedicated to its Production System platform. This expansion aims to address the rising demand for the P-50 printer, aimed at mass production of 3D printed metal parts. The new facility will help accelerate the production ramp, with initial builds slated for shipment in Q4 2021. The Production System can produce metal parts up to 100 times faster than traditional methods, allowing high-volume production at competitive costs.
Desktop Metal (NYSE: DM) will report its financial results for Q3 2021 on November 15, 2021, after the market closes. A summary presentation will be available online, and the company will host a conference call at 4:30 p.m. EST on the same day to discuss the results. Interested participants can join the call by dialing 1-844-826-3033 or 1-412-317-5185 for international callers. A replay of the call will be accessible on its Investor Relations website shortly after.
Desktop Metal has successfully qualified Grade 420 stainless steel for its Production System platform, utilizing its innovative Single Pass Jetting technology. This advancement enables manufacturers to mass-produce high-strength, end-use parts in 420 SS for critical applications in medical, aerospace, defense, and consumer products. The technology significantly reduces production time and costs by eliminating tooling needs and minimizing material waste. With this qualification, Desktop Metal aims to enhance the adoption of its additive manufacturing solutions across various industries.
Desktop Metal (NYSE: DM) has qualified nickel alloy IN625 for its Production System platform. This material exhibits high strength, corrosion resistance, and the ability to withstand extreme temperatures, making it ideal for aerospace, marine, and chemical processing applications. The Production System utilizes patent-pending Single Pass Jetting technology for efficient mass production, reducing costs and production time. Key applications include hydraulic spools, turbine blades, and valve plugs. Desktop Metal aims to expand its materials portfolio to enhance manufacturing capabilities.
Desktop Metal (NYSE: DM) is experiencing a surge in demand for its Shop System, a groundbreaking metal binder jetting solution, particularly across Europe. Since its volume shipments began in Q4 2020, the system has gained popularity for its ability to produce high-quality, end-use metal parts efficiently and cost-effectively. European manufacturers from countries including France and Germany are leveraging this technology to enhance productivity and adapt to supply chain challenges. The Shop System is positioned to redefine additive manufacturing with its combination of speed and quality.