ADVFN Logo
Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Desktop Metal Inc

Desktop Metal Inc (DM)

4.89
0.00
( 0.00% )
Updated: 12:34:23

Professional-Grade Tools, for Individual Investors.

DM News

Official News Only

DM Discussion

View Posts
kittycattttt kittycattttt 3 weeks ago
DM GETS BOUGHT BY NNDM
👍️0
Monksdream Monksdream 1 month ago
DM new 52 week low
👍️0
Monksdream Monksdream 1 month ago
DM new 52 week low
👍️0
Scott 75 Scott 75 3 months ago
Thanks
👍️0
Lilman72003 Lilman72003 4 months ago
shorts getting slaughtered
👍️0
IPO$ IPO$ 4 months ago
UA metal printing. Is it 3DHi??
👍️0
Lilman72003 Lilman72003 4 months ago
making $ here
👍️0
XenaLives XenaLives 4 months ago
Institutions are building a position....

👍️0
XenaLives XenaLives 4 months ago
This chart is amazing:

👍️0
XenaLives XenaLives 4 months ago
Lots to look at here:


Product Performance

Desktop Metal and Evonik expand partnership, announce qualification of INFINAM® ST 6100 L on large format Additive Manufacturing 2.0 systems for high-performance, high-temperature products

Desktop Health™ announces Flexcera™ Base Ultra+ dental resin for stronger, more comfortable 3D Printed dentures

Desktop Metal now shipping the Figur G15 – a Digital Sheet Metal Forming machine that eliminates the need for custom tooling

Desktop Health announces first patients treated with FDA-Cleared CMFlex™ – and off-the-shelf 3D printed synthetic bone graft product pioneered by Dimension Inx on the 3D-Bioplotter®

Desktop Metal launches Live Monitor™ for users of Additive Manufacturing 2.0 production technology

DM now has metal and ceramic parts in production in multiple high value programs in defense and aerospace with parts in several jet engine families, major platforms like F35 and in several space vehicles

Growing business in Gigacasting with several global automakers

Fourth Quarter 2023 Financial Highlights

Revenue of $52.3 million, down from $60.6 million in the same quarter a year ago, and up 22% sequentially over the prior quarter

GAAP gross margin of (32)%; GAAP gross margin was negatively impacted by restructuring activities in the quarter. Non-GAAP gross margin of 34%, a year-over-year increase of 39.9%.

GAAP net loss of $(174.5) million, including $110.5 million of goodwill impairment; non-GAAP net loss of $(10.9) million

Adjusted EBITDA of $(9.2) million, a year-over-year improvement of 56% – and the company’s strongest quarterly performance to date

Cash, cash equivalents, and short-term investments closed fourth quarter 2023 at $84.5 million, as rate of cash consumption declined 25% compared to the same year-ago quarter



https://ir.desktopmetal.com/news/press-releases/detail/179/desktop-metal-announces-fourth-quarter-and-full-year-2023
👍️0
Monksdream Monksdream 8 months ago
DM new 52 week low
👍️0
philaya philaya 9 months ago
out again...
war risk factor.
👍️0
philaya philaya 9 months ago
in again...
sold high,buy low.
👍️0
Monksdream Monksdream 9 months ago
DM new 52 week low
👍️0
Glider549 Glider549 10 months ago
Excerpt from Tesla article.
"That means Tesla can tweak prototypes as many times as needed, reprinting a new one in a matter of hours using machines from companies such as Desktop Metal and its unit ExOne."
👍️0
tw0122 tw0122 12 months ago
$25 a share and SSYS at $16 has my attention
👍️0
abrooklyn abrooklyn 1 year ago
Nano Dimension Increases Its Proposed Price to $25.00 per Share in Cash in its Special Tender Offer Price for Stratasys Shares

Source: GlobeNewswire Inc.

Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension”, “Nano”, “NANO” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today announced the following actions that highlight a clear path to maximizing value for shareholders of Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”):
Nano Dimension has increased its special tender offer price (the “Offer”) to $25.00 per share from $24.00, in cash, less any required withholding taxes and without interest, to purchase between 31.9% and 36.9% of the outstanding ordinary shares of Stratasys.

The expiration date of the offer period has been extended to 5:00 p.m., New York Time, on July 31st, 2023 (unless further extended or earlier terminated).
Tendering shares to Nano will deliver 233% more cash to Stratasys shareholders in the near-term than any currently available alternative and preserves the ability to generate future value creation through strategic M&A opportunities.
The increased price represents a significant premium to all relevant Stratasys historical trading levels, including a 93% premium to the unaffected 60-day average share price4. Nano’s special tender offer is the most compelling offer for Stratasys shareholders and remains the only alternative available that provides certain, near-term cash value at a significant premium and the quickest path for Stratasys shareholders to realize value.
The successful completion of the special tender offer would increase Nano Dimension’s beneficial ownership of Stratasys to between 46% and 51% of the outstanding ordinary shares, inclusive of the approximately 14.1% of Stratasys’ outstanding ordinary shares that Nano Dimension currently owns.
Nano offer provides guaranteed cash and more certainty than any other option available to Stratasys shareholders.
Nano also announced yesterday that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR”) in connection with its proposed special tender offer of Stratasys had expired and no further regulatory review by U.S. antitrust authorities is required in connection with the Offer.
Nano believes the current terms of 3D Systems, Inc. (NYSE: DDD) (“3D Systems”) offer is misleading, not in the best interests of Stratasys’ shareholders, and present significant Share PRICE uncertainty and transaction closing risk.
Nano believes that the latest 3D Systems offer’s value is inflated by an unsustainable 3D Systems share price.
On a 30- , 60-, 90- and 180-day VWAP basis, 3D Systems offer is worth barely $22 per share, substantially below Nano’s $25.00 all-cash offer. Additionally, since 3D Systems’ latest offer on July 13th, 2023, its share price has declined 6%5, further highlighting the significant value uncertainty of the majority stock consideration of 3D Systems’ offer, as outlined below:


Notes: 3D Systems Historical Price represents 30-, 60-, 90- and 180-day VWAPs; Calculation assumes 3D Systems offer on July 13, 2023, for $7.50 cash and 1.5444 3D Systems shares for one Stratasys share

Actually, 3D Systems’ Proposal is worth Only $7.50 per share in cash. The rest is an uncertain value as $14.50 in 3D Systems shares is not necessarily a realistic value:
Since the price of 3D Systems’ shares may sink before, during and long after the 3D/Stratasys transaction, as a result of the huge expected dilution (doubling the amount of 3D Systems shares in order to acquire Stratasys), as described below:
3D Systems’ offer will nearly fully deplete its cash position and the combined company will need to raise capital promptly (as indicated by 3D Systems’ recent shelf registration filing). The capital will likely be raised at a share price discount, which will create additional pressure on 3D Systems’ stock price and result in further dilution and value destruction to 3D Systems and Stratasys shareholders.
3D Systems’ offer has execution risk as it will require shareholder votes from both companies and regulatory review.
As Stratasys’ largest shareholder, Nano Dimension OPPOSES Stratasys’ proposed combination with Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”), which, as structured, is highly dilutive and greatly overvalues Desktop Metal’s cash-burning business.
Following the successful completion of the special tender offer, as the largest shareholder of Stratasys, Nano Dimension intends to support a review of strategic alternatives for Stratasys to further enhance shareholder value, including through industry consolidation, possibly through a negotiated combination with 3D Systems OR: increasing Nano’s ownership of Stratasys to 100%.

o Following the successful consummation of Nano’s Special Tender Offer, Nano intends to explore various strategic alternatives, including but not limited to:

(1) pursuing a negotiated combination of Stratasys with 3D Systems at appropriate terms, and/or
(2) purchasing the remaining portion of Stratasys to reach 100% ownership as soon as practical and permissible by U.S. and Israeli law.

o Completing a transaction for all of Stratasys is a step in NANO’s broader industry consolidation strategy, focused on profitability and cash generation to drive value for all shareholders.

Additional Special Tender Offer Information

Shareholders who have validly tendered and not properly withdrawn their Stratasys shares do not need to re-tender their shares or take any other action in response to the increase in price of the Offer. Shareholders who have not yet tendered their Stratasys shares or filed a notice of objection will be given the opportunity to do so in the same manner and under the same terms and conditions as set out in the Offer.

Based on information provided by Computershare Trust Company, N.A., the depositary for the tender offer, as of 5:00 p.m., New York time, on July 17th, 2023, 4,100,607 Stratasys shares had been validly tendered and not properly withdrawn pursuant to the Offer.

Nano Dimension will amend its tender offer statement on Schedule TO, and the related exhibits, filed with the Securities and Exchange Commission (the “SEC”) and will disseminate a supplement to the offer to purchase to Stratasys shareholders reflecting the increased offer price and extended offer period.

LEARN MORE ABOUT NANO DIMENSION, ITS STRATEGY AND VISION, INCULDING ITS SPECIAL TENDER OFFER FOR STRATASYS AT WWW.STRATASYSVALUENOW.COM

FOR INFORMATION ON HOW TO TENDER STRATASYS SHARES, CALL GEORGESON, THE INFORMATION AGENT FOR THE SPECIAL TENDER OFFER, TOLL-FREE AT
(877) 668-1646

Important Information About the Special Tender Offer

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any ordinary shares of Stratasys or any other securities, nor is it a substitute for the tender offer materials described herein. A tender offer statement on Schedule TO, including an offer to purchase, a related letter of transmittal and other tender offer documents, was filed with the SEC by Nano Dimension on May 25, 2023, as subsequently amended and supplemented. Stratasys filed with the SEC a solicitation/recommendation statement on Schedule 14D-9, as required by the tender offer rules, on May 30, 2023, as subsequently amended.

INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ BOTH THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 REGARDING THE OFFER, AS THEY MAY BE AMENDED FROM TIME TO TIME, BECAUSE THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION THAT INVESTORS AND SECURITY HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES.

Investors and security holders may obtain a free copy of the offer to purchase, the related letter of transmittal, certain other tender offer documents and the solicitation/recommendation Statement and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to Georgeson LLC, the information agent for the tender offer, named in the tender offer statement. In addition, Stratasys files annual reports, interim financial statements and other information, and Nano Dimension files annual reports, interim financial statements and other information with the SEC, which are available to the public at the SEC’s website at www.sec.gov. Copies of the documents filed with the SEC by Stratasys may be obtained at no charge on the investor relations page of Stratasys’ website at www.stratasys.com. Copies of the documents filed with the SEC by Nano Dimension may be obtained at no charge on the investor relations page of Nano Dimension’s website at www.nano-di.com.

About Nano Dimension

Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.

Nano Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.

Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics manufacturing machines enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision.

Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing. For more information, please visit www.nano-di.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Nano Dimension is using forward-looking statements in this press release when it discusses its plans to support a review of strategic alternatives to further enhance Stratasys shareholder value (including through industry consolidation, possibly through a negotiated combination with 3D Systems following the successful completion of the special tender offer, and completing a transaction for all of Stratasys following the successful completion of the special tender offer), the potential benefits and advantages of the special tender offer, the expiration time and date for the special tender offer, and the comparative benefits of the Company’s tender offer weighed against the currently available alternative transactions offered to Stratasys shareholders by third parties. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties. The completion of the special tender offer would be subject to certain conditions as described in the tender offer materials, including the offer to purchase, a related letter of transmittal and other tender offer documents, as amended and supplemented. Actual results, performance, or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s annual report on Form 20-F filed with the SEC on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.

NANO DIMENSION INVESTOR RELATIONS CONTACT
Investor Relations | ir@nano-di.com

NANO DIMENSION MEDIA CONTACTS
Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com




1 93% Premium to Unaffected 60-Day VWAP to the unaffected price as of March 3rd, 2023 (before the recent acquisition proposals for Stratasys)

2 93% Premium to Unaffected 60-Day VWAP to the unaffected price as of March 3rd, 2023 (before the recent acquisition proposals for Stratasys)

3 30-, 60-, 90- and 180-day Volume Weighted Average Price (“VWAP”)

4 Unaffected 60-Day VWAP to the unaffected price as of March 3rd, 2023 (before the recent acquisition proposals for Stratasys).

5 Share price performance based on July 12, 2023, closing price of $10.73 and July 14, 2023 closing price of $10.07.





Primary Logo
👍️0
buford78 buford78 1 year ago
DM , has the goods !!

And will most likely be chosen by SSYS to do the business combination with.
All others have issues, we’ll so does DM, but not for long.

GLTA.
👍️0
subslover subslover 1 year ago
From yesterday.
https://finance.yahoo.com/news/desktop-metal-launches-live-suite-133000863.html
👍️0
subslover subslover 1 year ago
From yesterday.
https://finance.yahoo.com/news/desktop-metal-launches-live-suite-133000863.html
👍️0
XenaLives XenaLives 1 year ago
The chart below says $30 share price... the IHUB quote to the right says $2.29.....


Institutional interest... 46.19% per fintel


https://fintel.io/so/us/dm
👍️0
subslover subslover 1 year ago
Strange days have found us
Strange days have tracked us down
They're going to destroy
Our casual joys
👍️ 2
Windbag1014 Windbag1014 1 year ago
Revenue beat.
👍️0
subslover subslover 1 year ago
Up 100% in 2 days! What gives?
👍️0
subslover subslover 1 year ago
“I spent half my money on gambling, alcohol and wild women. The other half I wasted.”
👍️0
subslover subslover 1 year ago
“I spent half my money on gambling, alcohol and wild women. The other half I wasted.”
👍️0
Windbag1014 Windbag1014 1 year ago
That's more like it.
👍️ 1
buford78 buford78 1 year ago
Yeah Xena, something is askew here .

I thought both the company as well as the institution or individual had to file once a position greater than 5% was established.
The company a 13g , and the investor a 13c, or 13s.

Either way, you would think someone would be excited enough to PR a 40 million dollar investment. Hmmm ?

Whole thing doesn’t make sense. I tapped out earlier this week @ 2 .
👍️0
XenaLives XenaLives 1 year ago
So BlackRock bought enough warrants to require filing, but the chart totally sucks...

👍️0
XenaLives XenaLives 1 year ago
Long term chart is wild ride to the bottom...

👍️0
XenaLives XenaLives 1 year ago
This is one confusing stock.. would welcome some commentary here..
👍️0
XenaLives XenaLives 1 year ago
Strange things happening here...

FEB 02, 2023 8:00AM EST
Desktop Metal Announces Update on Cost Reduction Plans for 2023 to Accelerate Path to Profitability
DEC 06, 2022 8:30AM EST
Desktop Metal Installations of Additive Manufacturing Systems for Metal Parts Now Surpass 1,100 Units Worldwide
NOV 25, 2022 8:30AM EST
Desktop Metal Receives $9 Million Order from Major German Automaker for Binder Jet Systems for Mass Production of Automotive Components
NOV 14, 2022 8:30AM EST
Desktop Metal Announces Major Contract with the U.S. Department of Veterans Affairs for Variety of 3D Printed FreeFoam™ Products
NOV 09, 2022 4:05PM EST
Desktop Metal Announces Third Quarter 2022 Financial Results
NOV 03, 2022 4:01PM EDT
Align Technology and Desktop Metal Announce Strategic Collaboration to Make iTero Element™ Flex the Preferred Restorative Intraoral Scanner for Desktop Labs’ Customers Serving General Dentists
NOV 03, 2022 4:00PM EDT
Desktop Labs Unveils Strategic Vision to Connect Dental Offices to its Network of Premium Dental Labs Using Advanced Digital Technologies
OCT 31, 2022 8:30AM EDT
Desktop Metal Announces Broad Availability of the Shop System™ Forust Edition, the World’s First High-Speed 3D Printer for Upcycled Wood Parts


https://ir.desktopmetal.com/news/press-releases
👍️0
XenaLives XenaLives 1 year ago
DM doesn't file form 13g ....investing institutions do..

Something really f'd up here.

fintel showing nothing for DM stock... only warrants...

https://fintel.io/so/us/dm.wt/blackrock
👍️0
buford78 buford78 1 year ago
DM filed form 13g on Feb. 3rd announcing the purchase of 20+ million shares of Common Stock by BlackRock. 6.5% ownership. $40 million dollar investment !
Wazzz Up !!!
Somebody knows something?
👍️0
Windbag1014 Windbag1014 2 years ago
https://www.nasdaq.com/articles/esgvs-underlying-holdings-imply-19-gain-potential

Average analyst target $6.00
% upside to target 87.5%

Somebody else sees some potential here. May be the reason for the move today.
👍️0
Brokemillwright Brokemillwright 2 years ago
This scam seems to be recovering
👍️0
buford78 buford78 2 years ago
Thank you for posting WB ,

Glad to see someone is paying attention. Be curious to see what how DM fairs through earning season compared to others. So far so good !!

Buford.
👍️0
Windbag1014 Windbag1014 2 years ago
https://ih.advfn.com/stock-market/NYSE/desktop-metal-DM/stock-news/88785058/desktop-metal-announces-second-quarter-2022-financ
👍️0
Brokemillwright Brokemillwright 2 years ago
I'll be on the watch. Luckily in only playing with pennys if it goes south
👍️0
str8_chuter str8_chuter 2 years ago
No reason for any entity to buy them out when they can simply wait for the bankruptcy filing and then pick up the few valuable pieces for pennies.

DM was a scam from the outset as are nearly all entities that have come public via SPAC or direct listing. The initial SEC filings displayed all the red flags that DM was one to avoid. The filings related to the purchase of Envision Technology alone highlighted the sheer incompetency of DM management.

Expect to read a PR before long that the CEO is stepping down "to pursue other interests".
👍️0
Brokemillwright Brokemillwright 2 years ago
All over my head, I've been slowly trying to learn but normal work and other things get in the way. I would guess before your bankruptcy scenario they would be bought out, tho I have no idea at what price. I bought bear and sterns around 2007 and they filed and jpm Morgan bought them out. My 500 or so turned to $50, I just sold last year to buy another stock and sold for close to $2500. Personally I've have the best luck buying and holding 10 plus years, tho I did have an oil exploration stock that got me for a hefty number. Hopefully they don't go bankruptcy bit time will tell
👍️0
str8_chuter str8_chuter 2 years ago
Folks, this one will not survive. Incinerating cash rapidly. Tried to raise capital and discovered that the window had all but closed on them. Had to settle for a $100 MM convert which they'll burn through in less than six months. Diluted another 60 million shares.

Based on the enormous volumes Tue and Wed, all the tutes and insiders have now likely unloaded. Confirmation filings likely show up next month.

Should have enough cash to pay the bills for another year or so but a date with the bankruptcy judge awaits thereafter.
👍️0
Brokemillwright Brokemillwright 2 years ago
I bought in around $4 then sold a little at a little less. Shortly after it ran, looked today and oh my..... getting me feet wet with a little options today
👍️0
buford78 buford78 2 years ago
Hey DS,

Yeah , I hate when that happens. My regular trading acct is in the same condition , no dry powder .

This position is a long term hold and the shares are held in a Roth IRA.

The whole 3DP industry is just getting started. You’ll have plenty of time to take a position when then funds are available .

Best of luck to you in all your endeavors.

Buford
👍️0
dealerschool2006 dealerschool2006 2 years ago
I follow panic sales saw $DM yesterday...not jumping in though...don't have any powder...
👍️0
Windbag1014 Windbag1014 2 years ago
It seemed way overdone yesterday. I couldn't help it either. I almost doubled my position. Just seems like so much coming into the strike zone here. It seems the only thing that screw this up is management. Already up this morning. Agreed, long term hold.
👍️0
buford78 buford78 2 years ago
Windy, I was a buyer today. And will be again in the morning.

You know the story . “ Buy when everyone is running, and there is Blood in the streets. Buy , Buy, Buy !!!
Well , today was the day.

This whole Industry is New, and will be here for years to come. I compare it to buying Apple before anyone knew what computers were. You have to understand that the Health Care component is the golden ticket. As soon as the insurance companies develop the proper codes for billing reimbursement for Doc’s and Dentists we WIN !!!

Long term Hold !!
👍️0
Windbag1014 Windbag1014 2 years ago
Is it really this bad? Market cap is currently less than half of what it was last week. Management reiterated revenue. Sucks with the convertible thing but we had to know cash was needed not too far into the future. What am I missing?
👍️0
str8_chuter str8_chuter 2 years ago
Looks like the jig is up.

Prospectus filings today. Over 130 MM shares being offered.

Everyone bailing out including CEO Fulop. He's selling 20 MM shares, almost his entire stake.

Ford is liquidating too. All 4.3 MM shares.

So long everyone, thanks for playing.
👍️0
Windbag1014 Windbag1014 2 years ago
https://ih.advfn.com/stock-market/NYSE/desktop-metal-DM/stock-news/87668288/kimura-foundry-group-purchases-10th-desktop-metal

Kimura Foundry Group Purchases 10th Desktop Metal Sand Binder Jet Additive Manufacturing System

March 28 2022 - 07:30AM

Japanese-headquartered global foundry group relies on sand binder jetting from Desktop Metal’s ExOne brand at facilities in Japan and the United States to deliver high-quality castings with fast turnarounds
👍️0

Your Recent History

Delayed Upgrade Clock