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.
Company profile
Ticker
DM
Exchange
Website
CEO
Leo J. Hindery
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Trine Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
Desktop Metal Operating, Inc. • Desktop Metal Securities Corporation • addLEAP AB • Figur Machine Tools LLC • EnvisionTEC US LLC • Envisiontec GmbH • EnvisionTec Group Canada, Inc. • Adaptive3D LLC • Adaptive 3D Technologies, LLC • Syzygy Memory Plastics Corporation ...
IRS number
832044042
DM stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Desktop Metal Announces First Quarter 2024 Financial Results
9 May 24
S-3/A
Shelf registration (amended)
7 May 24
ARS
2023 FY
Annual report to shareholders
23 Apr 24
DEFA14A
Additional proxy soliciting materials
23 Apr 24
DEF 14A
Definitive proxy
23 Apr 24
PRE 14A
Preliminary proxy
10 Apr 24
S-8
Registration of securities for employees
15 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Desktop Metal Announces Fourth Quarter and Full Year 2023 Financial Results
15 Mar 24
Transcripts
DM
Earnings call transcript
2024 Q1
9 May 24
DM
Earnings call transcript
2023 Q4
15 Mar 24
DM
Earnings call transcript
2023 Q3
9 Nov 23
DM
Earnings call transcript
2023 Q2
3 Aug 23
DM
Earnings call transcript
2023 Q2
3 Aug 23
DM
Earnings call transcript
2023 Q1
10 May 23
DM
Earnings call transcript
2022 Q4
1 Mar 23
DM
Earnings call transcript
2022 Q3
10 Nov 22
DM
Earnings call transcript
2022 Q2
9 Aug 22
DM
Earnings call transcript
2022 Q1
10 May 22
Latest ownership filings
4
Jason M Cole
3 May 24
SC 13D/A
New Enterprise Associates 15, L.P.
2 May 24
4
FARHAD FRED EBRAHIMI
23 Apr 24
4
Stephen James Nigro
8 Apr 24
4
Thomas Nogueira
2 Apr 24
4
Thomas Nogueira
28 Mar 24
4
Jason M Cole
28 Mar 24
4
Jonah Myerberg
28 Mar 24
4
Thomas Nogueira
5 Mar 24
4
Jonah Myerberg
5 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 108.89 mm | 108.89 mm | 108.89 mm | 108.89 mm | 108.89 mm | 108.89 mm |
Cash burn (monthly) | 4.74 mm | (no burn) | 15.50 mm | 38.47 mm | 7.12 mm | 10.22 mm |
Cash used (since last report) | 34.78 mm | n/a | 113.83 mm | 282.46 mm | 52.27 mm | 75.01 mm |
Cash remaining | 74.11 mm | n/a | -4.95 mm | -173.57 mm | 56.61 mm | 33.88 mm |
Runway (months of cash) | 15.6 | n/a | -0.3 | -4.5 | 8.0 | 3.3 |
Institutional ownership, Q4 2023
26.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 32 |
Opened positions | 4 |
Closed positions | 167 |
Increased positions | 1 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 6.84 bn |
Total shares | 85.94 mm |
Total puts | 43.70 k |
Total calls | 22.40 k |
Total put/call ratio | 2.0 |
Largest owners | Shares | Value |
---|---|---|
Kleiner Perkins Caufield & Byers XVI | 17.50 mm | $86.61 mm |
Lux Venture Partners IV | 16.63 mm | $411.94 mm |
New Enterprise Associates 15 | 14.26 mm | $113.11 mm |
GV 2016 | 11.05 mm | $0.00 |
Miller William H III | 9.91 mm | $170.38 mm |
Trine Sponsor IH | 8.53 mm | $146.70 mm |
ARK Investment Management | 3.96 mm | $2.97 bn |
Kingswood Wealth Advisors | 2.67 mm | $2.00 bn |
DnB Asset Management AS | 759.09 k | $570.08 mm |
Redwood Wealth Management | 238.94 k | $179.45 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 May 24 | Jason M Cole | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.7856 | 31,266 | 24.56 k | 1,051,680 |
1 May 24 | Jason M Cole | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 93,750 | 0.00 | 1,082,946 |
1 May 24 | Jason M Cole | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 93,750 | 0.00 | 0 |
23 Apr 24 | Ebrahimi Farhad Fred | Common Stock | Acquire X | Yes | No | 2.5 | 200 | 500.00 | 4,675,511 | |
23 Apr 24 | Ebrahimi Farhad Fred | PUT Option (Obligation to Buy) Common Stock | Dispose X | Yes | No | 2.5 | 200 | 500.00 | 235,100 | |
4 Apr 24 | Stephen James Nigro | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 92,336 | 0.00 | 213,481 |
4 Apr 24 | Stephen James Nigro | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 92,336 | 0.00 | 0 |
4 Apr 24 | Stephen James Nigro | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 92,336 | 0.00 | 92,336 |
1 Apr 24 | Thomas Nogueira | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.8516 | 5,694 | 4.85 k | 446,244 |
1 Apr 24 | Thomas Nogueira | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 17,072 | 0.00 | 451,938 |
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Press releases
Desktop Health Launches ScanUp™ Digital Dentistry Adoption Subscription Program to Modernize Dental Practice Efficiency and Patient Care
22 Mar 24
Desktop Metal Announces Fourth Quarter and Full Year 2023 Financial Results
15 Mar 24
Desktop Metal and Evonik Expand Partnership, Announce Qualification of Photopolymer on Large Format Additive Manufacturing 2.0 Systems for High-Performance, High-Temperature Products
5 Mar 24
Desktop Health™ Announces Flexcera™ Base Ultra+ Dental Resin for Stronger, More Comfortable 3D Printed Dentures
12 Feb 24