Market Summary
USD2.09-0.02
Market Closed-0.95%
DM Stock Price
DM RSI Chart
DM Valuation
DM Price/Sales (Trailing)
DM Profitability
DM Fundamentals
DM Revenue
DM Earnings
Price Action
52 Week Range
1.135.28
(Low)(High)
Last 7 days
4.5%
Last 30 days
40.3%
Last 90 days
81.7%
Trailing 12 Months
-54.7%
DM Financial Health
DM Investor Care
Peers (Alternatives to Desktop Metal)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AAPL | 2.5T | 387.5B | 7.89% | -9.00% | 26.35 | 6.47 | 2.44% | -5.35% |
MSFT | 2.1T | 204.1B | 10.90% | -8.33% | 30.51 | 10.08 | 10.38% | -5.25% |
GOOG | 1.3T | 282.8B | 15.34% | -27.18% | 22.08 | 4.68 | 9.78% | -21.12% |
AMZN | 1.0T | 514.0B | 4.86% | -40.50% | -368.89 | 1.95 | 9.40% | -108.16% |
| MID-CAP | ||||||||
NYMT | 3.4B | 258.4M | -7.02% | -24.34% | -11.46 | 13.24 | 24.91% | -254.56% |
JBLU | 2.2B | 9.2B | -16.32% | -53.16% | -6.16 | 0.24 | 51.67% | -98.90% |
| SMALL-CAP | ||||||||
PLAY | 1.7B | 1.7B | -10.56% | -16.75% | 14.09 | 1 | 61.79% | 371.82% |
TLRY | 1.6B | 602.5M | -7.75% | -62.41% | -2.78 | 2.67 | 18.18% | -18.59% |
BYND | 1.0B | 418.9M | -15.70% | -67.27% | -2.77 | 2.42 | -9.85% | -101.06% |
MFA | 986.5M | 482.4M | -10.53% | -34.93% | -4.26 | 2.04 | 33.15% | -170.42% |
CGC | 913.9M | 478.9M | -19.31% | -78.37% | -0.29 | 1.91 | -31.50% | -634.70% |
NKLA | 774.5M | 50.8M | -31.98% | -85.06% | -0.99 | 15.24 | 1229.98% | -13.59% |
GPRO | 754.2M | 1.1B | -5.84% | -42.17% | 26.14 | 0.69 | -5.82% | -92.23% |
INO | 227.8M | 10.3M | -28.62% | -74.83% | -0.81 | 22.2 | 478.23% | 7.85% |
Financials for Desktop Metal
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 1.9% | 209,023,000 | 205,146,000 | 183,498,000 | 144,801,000 | 112,408,000 |
| Gross Profit | -22.0% | 15,071,000 | 19,313,000 | 23,577,000 | 17,552,000 | 18,293,000 |
| Operating Expenses | 49.8% | 746,834,000 | 498,587,000 | 508,626,000 | 257,746,000 | 219,748,000 |
| S&GA Expenses | -8.9% | 68,091,000 | 74,727,000 | 71,747,000 | 62,235,000 | 47,995,000 |
| R&D Expenses | -3.8% | 96,878,000 | 100,668,000 | 97,597,000 | 81,878,000 | 68,131,000 |
| EBITDA | -53.4% | -692,133,000 | -451,153,000 | -464,351,000 | -220,388,000 | - |
| EBITDA Margin | -50.6% | -3.31 | -2.20 | -2.53 | -1.52 | - |
| Earnings Before Taxes | -49.1% | -741,841,000 | -497,666,000 | -504,892,000 | -254,174,000 | -270,002,000 |
| EBT Margin | -46.3% | -3.55 | -2.43 | -2.75 | -1.76 | - |
| Interest Expenses | -170.8% | -1,059,000 | -391,000 | 191,000 | 149,000 | - |
| Net Income | -48.3% | -740,343,000 | -499,157,000 | -505,262,000 | -251,170,000 | -240,334,000 |
| Net Income Margin | -45.6% | -3.54 | -2.43 | -2.75 | -1.73 | - |
| Free Cahsflow | 7.0% | -193,048,000 | -207,473,000 | -207,264,000 | -181,688,000 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -28.2% | 754 | 1,051 | 1,111 | 1,322 | 1,389 |
| Current Assets | -9.7% | 336 | 373 | 406 | 350 | 402 |
| Cash Equivalents | 22.3% | 82.00 | 67.00 | 108 | 104 | 65.00 |
| Inventory | 0.6% | 92.00 | 91.00 | 89.00 | 82.00 | 65.00 |
| Net PPE | -2.6% | 56.00 | 58.00 | 58.00 | 58.00 | 59.00 |
| Goodwill | -69.1% | 113 | 365 | 378 | 630 | 639 |
| Liabilities | -7.3% | 227 | 245 | 240 | 144 | 140 |
| Current Liabilities | -15.2% | 83.00 | 98.00 | 94.00 | 104 | 104 |
| LT Debt, Current | 31.5% | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 |
| LT Debt, Non Current | -4.6% | 1.00 | 1.00 | - | - | - |
| Shareholder's Equity | -34.6% | 528 | 807 | 871 | 1,178 | 1,248 |
| Retained Earnings | -31.3% | -1,308 | -996 | -935 | -638 | -568 |
| Additional Paid-In Capital | 0.6% | 1,875 | 1,864 | 1,852 | 1,834 | 1,823 |
| Accumulated Depreciation | 1.9% | 39.00 | 38.00 | 32.00 | 30.00 | - |
| Shares Outstanding | 0.3% | 318 | 317 | 315 | 313 | 311 |
| Cashflow (Last 12 Months) | (In Thousands) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 7.3% | -181,531 | -195,778 | -194,189 | -170,193 | -155,048 |
| Share Based Compensation | -4.8% | 48,001 | 50,437 | 49,479 | 36,473 | 28,778 |
| Cashflow From Investing | 266.5% | 81,567 | 22,255 | 3,880 | -150,707 | -427,294 |
| Cashflow From Financing | -0.9% | 113,786 | 114,864 | 114,590 | 10,054 | 166,550 |
Risks for DM
What is the probability of a big loss on DM?
53.2%
Probability that Desktop Metal stock will be more than 20% underwater in next one year
53.2%
Probability that Desktop Metal stock will be more than 30% underwater in next one year.
52.7%
Probability that Desktop Metal stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does DM drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Desktop Metal was unfortunately bought at previous high price.
Drawdowns
Returns for DM
Cumulative Returns on DM
-40.5%
3-Year Cumulative Returns
Which funds bought or sold DM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | unchanged | - | -177,689 | 196,470 | -% |
2023-03-17 | American Portfolios Advisors | added | 3.43 | 13,955 | 78,063 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.05 | -30,392 | 33,608 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 25.64 | -17,000 | 33,000 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -54.24 | -445,065 | 140,935 | -% |
2023-02-27 | Parallax Volatility Advisers, L.P. | unchanged | - | -2,496 | 2,504 | -% |
2023-02-21 | MACQUARIE GROUP LTD | sold off | - | -7,000 | - | -% |
2023-02-16 | HARBOUR INVESTMENTS, INC. | unchanged | - | -5,490 | 8,510 | -% |
2023-02-15 | JANE STREET GROUP, LLC | added | 142 | 50,794 | 234,794 | -% |
2023-02-15 | LAZARD ASSET MANAGEMENT LLC | added | 112 | 75,000 | 727,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Desktop Metal News
Schedule 13G FIlings of Desktop Metal
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 6.94% | 22,051,032 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 6.5% | 20,629,705 | SC 13G | |
| Feb 15, 2022 | bamco inc /ny/ | 0% | 0 | SC 13G/A | |
| Feb 14, 2022 | gv 2016, l.p. | 1.82% | 5,669,935 | SC 13G/A | |
| Feb 11, 2022 | kleiner perkins caufield & byers xvi, llc | 5.4% | 16,909,580 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 6.22% | 19,210,277 | SC 13G | |
| Oct 07, 2021 | new enterprise associates 15, l.p. | 5.5% | 14,263,413 | SC 13D/A | |
| Jun 22, 2021 | new enterprise associates 15, l.p. | 7.5% | 19,263,413 | SC 13D/A | |
| Feb 16, 2021 | periscope capital inc. | 0.0% | 0 | SC 13G/A | |
| Feb 16, 2021 | kleiner perkins caufield & byers xvi, llc | 7.6% | 17,134,580 | SC 13G |
DM Fair Value
Desktop Metal fair value in different scenarios
The table shows the Fair Value estimates for Desktop Metal for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 2.82 34.93% | 3.57 70.81% | 7.45 256.46% | 12.25 486.12% | 20.51 881.34% |
| Current Inflation | 2.61 24.88% | 3.25 55.50% | 6.60 215.79% | 10.65 409.57% | 17.63 743.54% |
| Very High Inflation | 2.35 12.44% | 2.86 36.84% | 5.58 166.99% | 8.79 320.57% | 14.32 585.17% |
Historical Desktop Metal Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Desktop Metal
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 8-K | Current Report | |
| Mar 01, 2023 | 10-K | Annual Report | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 8-K | Current Report |
Latest Insider Trading transactions for DM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-06 | DUSSAULT SCOTT J | sold | -64,725 | 2.4 | -26,969 | - |
2023-03-01 | Fulop Ric | sold (taxes) | -17,568 | 1.5 | -11,712 | chief executive officer |
2023-03-01 | Myerberg Jonah | sold (taxes) | -7,126 | 1.5 | -4,751 | chief technology officer |
2023-03-01 | Nogueira Thomas | sold (taxes) | -9,531 | 1.5 | -6,354 | chief operating officer |
2023-03-01 | Cole Jason M | sold (taxes) | -26,127 | 1.5 | -17,418 | cfo & treasurer |
2023-03-01 | Cole Jason M | acquired | - | - | 49,819 | cfo & treasurer |
2023-03-01 | Fulop Ric | acquired | - | - | 33,491 | chief executive officer |
2023-03-01 | Nogueira Thomas | acquired | - | - | 16,304 | chief operating officer |
2023-03-01 | Myerberg Jonah | acquired | - | - | 13,586 | chief technology officer |
2023-02-13 | Nogueira Thomas | sold (taxes) | -38,234 | 1.78 | -21,480 | chief operating officer |
Desktop Metal, Inc. engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; and Studio System, an office metal 3D printing system; and Fiber platform that offers a desktop 3D printer. In addition, it provides Xtreme 8K platform, designed for industrial, high-temperature production of end-use photopolymer parts, and uses high-powered light sources with a water-cooled DLP chip; Einstein series, designed for dental professionals which offers 3D printing; P4K platform offers series of advanced DLP printer models designed for volume production in precision applications; Envision One platform; which leverages patented CDLM technology for high-volume production of end-use photopolymer parts; D4K Pro platform, designed for jewelry and chairside settings; S-Max platform, which provides digital casting solution; and Robotic Additive Manufacturing, or RAM, platform that offers robotic 3D printing solutions. Further, the company offers S-Print, an entry-level solution for prototypes and small series production in digital casting applications; and 3D-Bioplotter platform which offers biofabrication solution. Additionally, the company provides binder jetting materials, DLP and CDLM photopolymer resins, BMD materials, micro-AFP materials, and bioprinting materials. It serves automotive, aerospace, healthcare and dental, consumer products, heavy industry, machine design, and research and development industries. The company was founded in 2015 and is headquartered in Burlington, Massachusetts.
DM Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues | |||
| Total revenues | $ 209,023 | $ 112,408 | $ 16,470 |
| Cost of sales | |||
| Total cost of sales | 193,952 | 94,115 | 31,519 |
| Gross profit (loss) | 15,071 | 18,293 | (15,049) |
| Operating expenses | |||
| Research and development | 96,878 | 68,131 | 43,136 |
| Sales and marketing | 68,091 | 47,995 | 13,136 |
| General and administrative | 83,065 | 78,041 | 20,734 |
| In-process research and development assets acquired | 25,581 | ||
| Goodwill impairment | 498,800 | ||
| Total operating expenses | 746,834 | 219,748 | 77,006 |
| Loss from operations | (731,763) | (201,455) | (92,055) |
| Change in fair value of warrant liability | (56,576) | 56,417 | |
| Interest expense | (1,743) | (149) | (328) |
| Interest and other (expense) income, net | (8,335) | (11,822) | 1,011 |
| Loss before income taxes | (741,841) | (270,002) | (34,955) |
| Income tax benefit | 1,498 | 29,668 | 940 |
| Net loss | $ (740,343) | $ (240,334) | $ (34,015) |
| Net loss per share-Basic | $ (2.35) | $ (0.92) | $ (0.22) |
| Net loss per share-Diluted | $ (2.35) | $ (0.92) | $ (0.22) |
| Weighted average shares outstanding, basic | 314,817 | 260,770 | 157,906 |
| Weighted average shares outstanding, diluted | 314,817 | 260,770 | 157,906 |
| Products | |||
| Revenues | |||
| Total revenues | $ 190,248 | $ 105,994 | $ 13,718 |
| Cost of sales | |||
| Total cost of sales | 178,952 | 87,450 | 26,945 |
| Services | |||
| Revenues | |||
| Total revenues | 18,775 | 6,414 | 2,752 |
| Cost of sales | |||
| Total cost of sales | $ 15,000 | $ 6,665 | $ 4,574 |
DM Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 76,291 | $ 65,017 |
| Current portion of restricted cash | 4,510 | 2,129 |
| Short-term investments | 108,243 | 204,569 |
| Accounts receivable | 38,481 | 46,687 |
| Inventory | 91,736 | 65,399 |
| Prepaid expenses and other current assets | 17,155 | 18,208 |
| Total current assets | 336,416 | 402,009 |
| Restricted cash, net of current portion | 1,112 | 1,112 |
| Property and equipment, net | 56,271 | 58,710 |
| Goodwill | 112,955 | 639,301 |
| Intangible assets, net | 219,830 | 261,984 |
| Other noncurrent assets | 27,763 | 25,480 |
| Total Assets | 754,347 | 1,388,596 |
| Current liabilities: | ||
| Accounts payable | 25,105 | 31,558 |
| Customer deposits | 11,526 | 14,137 |
| Current portion of lease liability | 5,730 | 5,527 |
| Accrued expenses and other current liabilities | 26,723 | 33,829 |
| Current portion of deferred revenue | 13,719 | 18,189 |
| Current portion of long-term debt, net of deferred financing costs | 584 | 825 |
| Total current liabilities | 83,387 | 104,065 |
| Long-term debt, net of current portion | 311 | 548 |
| Convertible notes | 111,834 | |
| Contingent consideration, net of current portion | 4,183 | |
| Lease liability, net of current portion | 17,860 | 13,077 |
| Deferred revenue, net of current portion | 3,664 | 4,508 |
| Deferred tax liability | 8,430 | 10,695 |
| Other noncurrent liabilities | 1,359 | 3,170 |
| Total liabilities | 226,845 | 140,246 |
| Commitments and Contingencies (Note 17) | ||
| Stockholders' Equity | ||
| Preferred Stock, $0.0001 par value-authorized, 50,000,000 shares; no shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively | ||
| Common Stock, $0.0001 par value-500,000,000 shares authorized; 318,235,106 and 311,737,858 shares issued at December 31, 2022 and December 31, 2021, respectively, 318,133,434 and 311,473,950 shares outstanding at December 31, 2022 and December 31, 2021, respectively | 32 | 31 |
| Additional paid-in capital | 1,874,792 | 1,823,344 |
| Accumulated deficit | (1,308,954) | (568,611) |
| Accumulated other comprehensive loss | (38,368) | (6,414) |
| Total Stockholders' Equity | 527,502 | 1,248,350 |
| Total Liabilities and Stockholders' Equity | $ 754,347 | $ 1,388,596 |