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Desktop Metal Inc Stock Research

DM

2.09USD-0.02(-0.95%)Market Closed

Market Summary

USD2.09-0.02
Market Closed
-0.95%

DM Alerts

DM Stock Price

DM RSI Chart

DM Valuation

Market Cap

664.9M

Price/Earnings (Trailing)

-0.9

Price/Sales (Trailing)

3.18

EV/EBITDA

-0.84

Price/Free Cashflow

-3.44

DM Price/Sales (Trailing)

DM Profitability

EBT Margin

-354.91%

Return on Equity

-140.35%

Return on Assets

-98.14%

Free Cashflow Yield

-29.03%

DM Fundamentals

DM Revenue

Revenue (TTM)

209.0M

Revenue Y/Y

6.84%

Revenue Q/Q

28.61%

DM Earnings

Earnings (TTM)

-740.3M

Earnings Y/Y

-338.9%

Earnings Q/Q

-413.96%

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

Current Ratio

4.03

DM Investor Care

Shares Dilution (1Y)

2.14%

Diluted EPS (TTM)

-2.35

Peers (Alternatives to Desktop Metal)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
387.5B
7.89% -9.00%
26.35
6.47
2.44% -5.35%
2.1T
204.1B
10.90% -8.33%
30.51
10.08
10.38% -5.25%
1.3T
282.8B
15.34% -27.18%
22.08
4.68
9.78% -21.12%
1.0T
514.0B
4.86% -40.50%
-368.89
1.95
9.40% -108.16%
MID-CAP
3.4B
258.4M
-7.02% -24.34%
-11.46
13.24
24.91% -254.56%
2.2B
9.2B
-16.32% -53.16%
-6.16
0.24
51.67% -98.90%
SMALL-CAP
1.7B
1.7B
-10.56% -16.75%
14.09
1
61.79% 371.82%
1.6B
602.5M
-7.75% -62.41%
-2.78
2.67
18.18% -18.59%
1.0B
418.9M
-15.70% -67.27%
-2.77
2.42
-9.85% -101.06%
986.5M
482.4M
-10.53% -34.93%
-4.26
2.04
33.15% -170.42%
913.9M
478.9M
-19.31% -78.37%
-0.29
1.91
-31.50% -634.70%
774.5M
50.8M
-31.98% -85.06%
-0.99
15.24
1229.98% -13.59%
754.2M
1.1B
-5.84% -42.17%
26.14
0.69
-5.82% -92.23%
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/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.9%209,023,000205,146,000183,498,000144,801,000112,408,000
Gross Profit-22.0%15,071,00019,313,00023,577,00017,552,00018,293,000
Operating Expenses49.8%746,834,000498,587,000508,626,000257,746,000219,748,000
  S&GA Expenses-8.9%68,091,00074,727,00071,747,00062,235,00047,995,000
  R&D Expenses-3.8%96,878,000100,668,00097,597,00081,878,00068,131,000
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%-1,059,000-391,000191,000149,000-
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 Cahsflow7.0%-193,048,000-207,473,000-207,264,000-181,688,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-28.2%7541,0511,1111,3221,389
  Current Assets-9.7%336373406350402
    Cash Equivalents22.3%82.0067.0010810465.00
  Inventory0.6%92.0091.0089.0082.0065.00
  Net PPE-2.6%56.0058.0058.0058.0059.00
  Goodwill-69.1%113365378630639
Liabilities-7.3%227245240144140
  Current Liabilities-15.2%83.0098.0094.00104104
    LT Debt, Current31.5%1.000.001.001.001.00
    LT Debt, Non Current-4.6%1.001.00---
Shareholder's Equity-34.6%5288078711,1781,248
  Retained Earnings-31.3%-1,308-996-935-638-568
  Additional Paid-In Capital0.6%1,8751,8641,8521,8341,823
Accumulated Depreciation1.9%39.0038.0032.0030.00-
Shares Outstanding0.3%318317315313311
Cashflow (Last 12 Months)
(In Thousands)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations7.3%-181,531-195,778-194,189-170,193-155,048
  Share Based Compensation-4.8%48,00150,43749,47936,47328,778
Cashflow From Investing266.5%81,56722,2553,880-150,707-427,294
Cashflow From Financing-0.9%113,786114,864114,59010,054166,550

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 ascendingFund NameType% 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
-%

1–10 of 40

Latest Funds Activity

Are funds buying DM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own DM
No. of Funds

Desktop Metal News

MarketBeat

DNB Asset Management AS Purchases 169729 Shares of Desktop ....

MarketBeat,
45 hours ago

InvestorsObserver

The Bakersfield Californian

InvestorsObserver

InvestorPlace

InvestorsObserver

Schedule 13G FIlings of Desktop Metal

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Ric Fulop
1370
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

2022-12-31
CONSOLIDATED 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 sales193,95294,11531,519
Gross profit (loss)15,07118,293(15,049)
Operating expenses   
Research and development96,87868,13143,136
Sales and marketing68,09147,99513,136
General and administrative83,06578,04120,734
In-process research and development assets acquired 25,581 
Goodwill impairment498,800  
Total operating expenses746,834219,74877,006
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 benefit1,49829,668940
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, basic314,817260,770157,906
Weighted average shares outstanding, diluted314,817260,770157,906
Products   
Revenues   
Total revenues$ 190,248$ 105,994$ 13,718
Cost of sales   
Total cost of sales178,95287,45026,945
Services   
Revenues   
Total revenues18,7756,4142,752
Cost of sales   
Total cost of sales$ 15,000$ 6,665$ 4,574

DM Balance Sheet

2022-12-31
CONSOLIDATED 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 cash4,5102,129
Short-term investments108,243204,569
Accounts receivable38,48146,687
Inventory91,73665,399
Prepaid expenses and other current assets17,15518,208
Total current assets336,416402,009
Restricted cash, net of current portion1,1121,112
Property and equipment, net56,27158,710
Goodwill112,955639,301
Intangible assets, net219,830261,984
Other noncurrent assets27,76325,480
Total Assets754,3471,388,596
Current liabilities:  
Accounts payable25,10531,558
Customer deposits11,52614,137
Current portion of lease liability5,7305,527
Accrued expenses and other current liabilities26,72333,829
Current portion of deferred revenue13,71918,189
Current portion of long-term debt, net of deferred financing costs584825
Total current liabilities83,387104,065
Long-term debt, net of current portion311548
Convertible notes111,834 
Contingent consideration, net of current portion 4,183
Lease liability, net of current portion17,86013,077
Deferred revenue, net of current portion3,6644,508
Deferred tax liability8,43010,695
Other noncurrent liabilities1,3593,170
Total liabilities226,845140,246
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, $0.0001 par value-500,000,000 shares authorized; 318,235,106 and 311,737,858 shares issued at December 31, 2022 and December 31, 2021, respectively, 318,133,434 and 311,473,950 shares outstanding at December 31, 2022 and December 31, 2021, respectively3231
Additional paid-in capital1,874,7921,823,344
Accumulated deficit(1,308,954)(568,611)
Accumulated other comprehensive loss(38,368)(6,414)
Total Stockholders' Equity527,5021,248,350
Total Liabilities and Stockholders' Equity$ 754,347$ 1,388,596