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 Health, a subsidiary of Desktop Metal (NYSE: DM), announced the acquisition of the PhonoGraft™ platform, intended for 3D printing solutions supporting tympanic membrane regeneration. This technology aims to enhance soft tissue regeneration across various healthcare applications. Developed by researchers at Harvard University and Mass Eye and Ear, PhonoGraft could revolutionize treatments for eardrum perforations, offering minimally invasive procedures with improved healing outcomes. Currently, the technology is in advanced research stages and is not yet available for sale.
Desktop Metal, Inc. (NYSE: DM) will join the Russell 2000® Index following the 2021 annual reconstitution effective June 28, 2021. This inclusion is based on its membership in the Russell 3000® Index, which is recognized by investment managers and institutional investors for benchmarking. Approximately $10.6 trillion in assets utilize Russell indexes. Desktop Metal, known for its innovative 3D printing solutions, aims to revolutionize manufacturing by tackling challenges related to speed, cost, and quality.
Desktop Metal (NYSE: DM) has successfully qualified 4140 low-alloy steel for its Production SystemTM platform, a breakthrough in metal additive manufacturing. This qualification allows for the mass production of complex parts using 4140, a versatile material known for its toughness and strength. Businesses can now produce parts faster and cheaper, achieving up to 690,000 parts annually at costs as low as $0.28 per cubic centimeter. This advancement represents significant cost and time savings compared to traditional manufacturing methods, setting Desktop Metal apart as a leader in the industry.
Desktop Metal, Inc. (NYSE: DM) reported a robust first quarter for 2021, achieving $11.3 million in revenue, up 35% from Q4 2020 and 234% year-over-year. The company experienced accelerated customer adoption, adding more clients than in all of 2020 combined. Significant highlights included the acquisition of Adaptive3D, expansion of their materials portfolio to over 225 materials, and the launch of Flexcera for dental applications. However, the net loss was $59.1 million. Desktop Metal maintains a strong liquidity position with $572.2 million in cash as of March 31, 2021.
Desktop Metal has acquired Adaptive3D, a leader in elastomeric solutions for additive manufacturing. This acquisition aims to enhance Desktop Metal's material portfolio and support high-volume applications. Adaptive3D specializes in producing photopolymer elastomers that facilitate the production of durable, biocompatible parts across various industries, including healthcare and transportation. The partnership will leverage Adaptive3D’s advanced materials with Desktop Metal’s high-throughput printers. This acquisition positions Desktop Metal to capture a share of the estimated $129 billion elastomer market.
Desktop Health, launched by Desktop Metal, has received FDA 510(k) clearance for its FlexceraTM Base, a proprietary resin for 3D fabrication of dental prosthetics. This marks the company's entry into the digital dental solutions market alongside FlexceraTM Smile. The global dentures market is projected to reach $3.8 billion by 2027, driven by the increasing edentulous population in the U.S. Flexcera promises enhanced strength, aesthetics, and moisture resistance, making it suitable for same-day dental prosthetics, with commercialization expected by June.
Desktop Metal, Inc. (NYSE: DM) announced that it will release its first-quarter financial results for the period ending March 31, 2021, after market closure on May 17, 2021. A presentation summarizing the financial results will be available on the Investor Relations website. The company will hold a conference call at 4:30 p.m. EST on the same day to discuss the results.
Desktop Metal, founded in 2015, focuses on transforming manufacturing through innovative 3D printing solutions and has gained recognition from the World Economic Forum and MIT Technology Review.
Desktop Metal (NYSE: DM) is set to present at two investor conferences. The first will be the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, at 10:15 - 10:55 a.m. ET, followed by the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 11:20 - 11:50 a.m. ET. Both events will include one-on-one meetings for institutional investors. Interested parties can access webcasts on the Events and Presentations section of the company's investor relations website.
Desktop Metal (NYSE: DM) has launched Forust™, a groundbreaking 3D printing process that transforms wood manufacturing waste into functional wood parts. Utilizing patented binder jetting technology, Forust upcycles cellulose dust and lignin, producing high-quality custom wooden items with a digital grain. This innovation offers architects and designers a sustainable alternative to traditional woodworking, significantly reducing waste and carbon footprints while enhancing design capabilities. The global finished wood products market is projected to reach $1.8 trillion by 2027, presenting substantial growth opportunities for Forust.
Desktop Metal (NYSE: DM) has successfully qualified 316L stainless steel for its Production System™ platform, utilizing Single Pass Jetting™ (SPJ) technology for enhanced speed in metal additive manufacturing. With applications across marine, pharmaceutical, and medical industries, 316L offers excellent corrosion resistance and mechanical properties. Notably, the Production System P-50 can produce over 5,500 parts weekly at competitive costs, demonstrating its capability to deliver high-quality, end-use parts efficiently.
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