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)
Lam Research • Milacron • Cricut • Veeco Instruments • Axcelis • Intevac • Manitex International • Amtech Systems • Energy Recovery • Azenta ...
Former names
Trine Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
Desktop Metal Operating, Inc. • Desktop Metal GMBH • 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 ...
IRS number
832044042
DM stock data
Latest filings (excl ownership)
8-K
Desktop Metal Remains Focused on Path to Profitability After Preliminary Tally Shows Stratasys Shareholders Did Not Approve the Merger Agreement
29 Sep 23
425
Business combination disclosure
21 Sep 23
425
Business combination disclosure
19 Sep 23
425
Business combination disclosure
19 Sep 23
425
Business combination disclosure
19 Sep 23
DEFA14A
Additional proxy soliciting materials
19 Sep 23
425
Business combination disclosure
14 Sep 23
425
Business combination disclosure
14 Sep 23
425
Business combination disclosure
14 Sep 23
425
Business combination disclosure
14 Sep 23
Transcripts
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
DM
Earnings call transcript
2021 Q4
8 Mar 22
DM
Earnings call transcript
2021 Q3
16 Nov 21
DM
Earnings call transcript
2021 Q2
12 Aug 21
DM
Earnings call transcript
2021 Q1
18 May 21
Latest ownership filings
4
Thomas Nogueira
5 Sep 23
SC 13D/A
EBRAHIMI FARHAD FRED
25 Aug 23
4
Thomas Nogueira
14 Aug 23
4
JAMES S EISENSTEIN
28 Jul 23
SC 13D/A
EBRAHIMI FARHAD FRED
24 Jul 23
SC 13D/A
EBRAHIMI FARHAD FRED
7 Jul 23
4
Thomas Nogueira
5 Jul 23
4
Bilal Zuberi
9 Jun 23
4
JEFFREY R IMMELT
9 Jun 23
4
Dayna B Grayson
9 Jun 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| 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) | 123.10 mm | 123.10 mm | 123.10 mm | 123.10 mm | 123.10 mm | 123.10 mm |
| Cash burn (monthly) | (no burn) | (no burn) | 16.57 mm | 39.61 mm | 11.05 mm | 11.75 mm |
| Cash used (since last report) | n/a | n/a | 50.09 mm | 119.75 mm | 33.41 mm | 35.52 mm |
| Cash remaining | n/a | n/a | 73.01 mm | 3.34 mm | 89.69 mm | 87.58 mm |
| Runway (months of cash) | n/a | n/a | 4.4 | 0.1 | 8.1 | 7.5 |
Institutional ownership, Q2 2023
69.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 208 |
| Opened positions | 20 |
| Closed positions | 40 |
| Increased positions | 63 |
| Reduced positions | 50 |
| 13F shares | Current |
|---|---|
| Total value | 253.02 bn |
| Total shares | 223.21 mm |
| Total puts | 17.11 mm |
| Total calls | 1.14 mm |
| Total put/call ratio | 15.1 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 23.21 mm | $41.08 bn |
| BLK Blackrock | 22.03 mm | $38.99 bn |
| Kleiner Perkins Caufield & Byers XVI | 17.50 mm | $86.61 mm |
| Lux Venture Partners IV | 16.63 mm | $411.94 mm |
| NEA Management | 14.41 mm | $25.49 bn |
| New Enterprise Associates 15 | 14.26 mm | $113.11 mm |
| GOOG Alphabet | 11.05 mm | $19.56 bn |
| GV 2016 | 11.05 mm | $0.00 |
| Miller William H III | 9.91 mm | $170.38 mm |
| Koch Industries | 9.38 mm | $16.61 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Sep 23 | Thomas Nogueira | Class A Common Stock | Payment of exercise | Dispose F | No | No | 1.78 | 547 | 973.66 | 233,166 |
| 11 Aug 23 | Thomas Nogueira | Class A Common Stock | Payment of exercise | Dispose F | No | No | 1.62 | 4,507 | 7.30 k | 233,713 |
| 27 Jul 23 | Eisenstein James S | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 10,246 | 0.00 | 123,644 |
| 27 Jul 23 | Eisenstein James S | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 10,246 | 0.00 | 0 |
| 8 Jun 23 | Eisenstein James S | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 64,220 | 0.00 | 64,220 |
| 8 Jun 23 | Bilal Zuberi | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 64,220 | 0.00 | 64,220 |
| 7 Jun 23 | Eisenstein James S | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 60,085 | 0.00 | 113,398 |
| 7 Jun 23 | Eisenstein James S | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 60,085 | 0.00 | 0 |
| 7 Jun 23 | Bilal Zuberi | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 60,085 | 0.00 | 75,453 |
| 7 Jun 23 | Bilal Zuberi | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 60,085 | 0.00 | 0 |
News
3D Printing Solutions Provider Stratasys Seeks Strategic Options As Desktop Metal Merger Fails
28 Sep 23
Desktop Metal Remains Focused On Path To Profitability After Preliminary Tally Shows Stratasys Shareholders Did Not Approve The Merger Agreement
28 Sep 23
Stratasys To Explore Strategic Alternatives; Terminates Merger Agreement With Desktop Metal
28 Sep 23
Nano Dimension Re-Affirms They Are Voting "Against" Stratasys' Merger With Desktop Metal; Part Of Growing Consensus Along With Large Shareholder, Donerail, And Proxy Advisor, ISS
22 Sep 23
3D Systems Supports Leading Proxy Advisor ISS' Recommendation AGAINST Stratasys' Planned All-Stock Merger With Desktop Metal
21 Sep 23
Press releases
3D Systems Issues Statement on Stratasys' Pursuit of Strategic Alternatives
29 Sep 23
Desktop Metal Remains Focused on Path to Profitability After Preliminary Tally Shows Stratasys Shareholders Did Not Approve the Merger Agreement
28 Sep 23
Nano Dimension Re-affirms They Are Voting "AGAINST" Stratasys' Value-Destructive Merger with Desktop Metal; Part of Growing Consensus Along with Large Shareholder, Donerail, and Proxy Advisor, ISS
22 Sep 23
3D Systems Supports Leading Proxy Advisor ISS' Recommendation AGAINST Stratasys' Planned All-Stock Merger with Desktop Metal
21 Sep 23
Leading Independent Proxy Advisory Firm ISS Recommends Desktop Metal Stockholders Vote "FOR" the Pending Merger with Stratasys
21 Sep 23