Desktop Metal Inc (Desktop Metal) designs, manufactures, and sells 3D printing systems. The company provides a production system platform, shop system platform, studio system platform and X-series platform products. Its printer models comprise P-1 and P-50 mid-volume binder jetting printers; studio system 2, X160Pro, X25Pro and InnoventX. Desktop Metal’s integrated additive manufacturing solutions support metals, elastomers, ceramics, composites, polymers and biocompatible materials among others. The company also carries out equity investment, and research and development activities. It serves the automotive industry, manufacturing tooling, consumer goods, education sector, machine design, and heavy industry. Desktop Metal markets and sells its products across the world. The company operates in the US, the UK, Germany, Japan, Belgium, Canada, Italy and Sweden. Desktop Metal is headquartered in Burlington, Massachusetts, the US.
Headquarters
United States of America
Address
63 3rd Avenue, Burlington, Massachusetts, 01803
Website
www.desktopmetal.com
Telephone
1 978 2241244
No of Employees
950
Industry
Technology and Communications
Ticker Symbol & Exchange
DM (NYSE)
Revenue (2022)
$189.7M
-9.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
56.3%
(2022 vs 2021)
Market Cap*
$275.1M
Net Profit Margin (2022)
XYZ
51.9%
(2022 vs 2021)
* As of and is in US$
Desktop Metal Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Products | Research and Development | Production System |
| Production System Platform: | Equity Investment | Shop System |
| P-1 Printer | Studio System | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Others | In September, the company terminated its merger agreement with Stratasys Limited. |
| 2023 | Contracts/Agreements | In May, the company entered into an agreement to merge with Stratasys Ltd. |
| 2022 | Contracts/Agreements | In August, the company entered into an partnership with Henkel for qualification of Henkel’s Loctite 3D IND405 Black and Loctite 3D 3843 for use on the Xtreme 8K. |
Competitor Comparison
| Key Parameters | Desktop Metal Inc | 3D Systems Corp | Proto Labs Inc | Xometry Inc | Fictiv Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Burlington | Rock Hill | Maple Plain | North Bethesda | San Francisco |
| State/Province | Massachusetts | South Carolina | Minnesota | Maryland | California |
| No. of Employees | 950 | 2,032 | 2,415 | 992 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ric Fulop | Chief Executive Officer; Chairman | Executive Board | 2020 | 48 |
| Jason Cole | Chief Financial Officer | Senior Management | 2022 | 47 |
| Thomas Nogueira | Chief Operating Officer | Senior Management | 2022 | 39 |
| Jonah Myerberg | Chief Technology Officer; Senior Vice President - Global Engineering | Senior Management | 2020 | 45 |
| Sarah Webster | Chief Marketing Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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