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  • May 15, 2024

      Show headlines and story abstract
    • 8:30AM ET on Wednesday May 15, 2024 by Business Wire
      Companies Mentioned: DM

      Desktop Metal (NYSE: DM),a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced that it has installed four Figur G15 Pro systems featuring Digital Sheet Forming (DSF) technology to three manufacturers, including Evology Manufacturing in Waukesha, Wisconsin.

    • 8:30AM ET on Wednesday May 15, 2024 by Dow Jones
      Companies Mentioned: DM
      -- Evology is an ITAR-registered full-service contract manufacturer with 30+ years of experience using traditional and additive manufacturing to serve some of the most innovative product companies in the world -- The Figur G15 uses patented Digital Sheet Forming (DSF) technology to shape sheet metal on demand directly from a digital file without an expensive stamping press or custom tools, molds, and dies -- Parts off the Figur G15 can typically be produced within a day or two. After setup, even very large parts have cycle times under one hour -- Evology purchased a Figur G15 system in Q1 and is now available to serve customers with the rapid production of sheet metal forms for specified gauges of cold rolled steel and 6061 aluminum, with more materials in development -- Sheet metal parts produced on the Figur G15 will be on display June 25-27 at RAPID + TCT, North America's largest additive manufacturing and industrial 3D printing event, at the Los Angeles Convention Center BOSTON--(BUSINESS WIRE)--May 15, 2024--
  • May 9, 2024

      Show headlines and story abstract
    • 6:09AM ET on Thursday May 09, 2024 by MT Newswires
      Companies Mentioned: DM
      06:09 AM EDT, 05/09/2024 (MT Newswires) -- ...
    • 6:00AM ET on Thursday May 09, 2024 by Business Wire
      Companies Mentioned: DM

      Desktop Metal, Inc. (NYSE: DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the first quarter ended March 31, 2024.

      "We started 2024 on a solid foot, despite persistent challenges across the capital investment backdrop, which has been a headwind to our overall demand function. The DM team has shown a continued ability to improve operational performance as we decrease our operating expenses for the ninth consecutive quarter," said Ric Fulop, Founder and CEO of Desktop Metal.

    • 6:00AM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: DM

      We believe that the use of Non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, non-GAAP operating expense, EBITDA and Adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends because it eliminates the effect of financing, capital expenditures, and non-cash expenses such as stock-based compensation and warrants, and provides investors with a means to compare Desktop Metal's financial measures with those of comparable companies, which may present similar non-GAAP financial measures to investors. However, investors should be aware that when evaluating non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, non-GAAP operating expense, EBITDA and Adjusted EBITDA, we may incur future expenses similar to those excluded when calculating these measures. In addition, our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Our computation of these measures may not be comparable to other similarly titled measures computed by other companies because not all companies calculate these measures in the same fashion.

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