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Desktop Metal Inc (DM)



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Upturn Advisory Summary
03/05/2025: DM (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -73.17% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 165.37M USD | Price to earnings Ratio - | 1Y Target Price 5 |
Price to earnings Ratio - | 1Y Target Price 5 | ||
Volume (30-day avg) 235325 | Beta 0.7 | 52 Weeks Range 1.83 - 11.80 | Updated Date 04/2/2025 |
52 Weeks Range 1.83 - 11.80 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -11.15 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-13 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin -217.2% | Operating Margin (TTM) -86.98% |
Management Effectiveness
Return on Assets (TTM) -24.09% | Return on Equity (TTM) -152.96% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 274659438 | Price to Sales(TTM) 0.98 |
Enterprise Value 274659438 | Price to Sales(TTM) 0.98 | ||
Enterprise Value to Revenue 1.63 | Enterprise Value to EBITDA -1.18 | Shares Outstanding 33341400 | Shares Floating 21602906 |
Shares Outstanding 33341400 | Shares Floating 21602906 | ||
Percent Insiders 39.88 | Percent Institutions 35.03 |
Analyst Ratings
Rating 3 | Target Price 5 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Desktop Metal Inc

Company Overview
History and Background
Desktop Metal, Inc. was founded in 2015. It focuses on developing and manufacturing 3D printing solutions for metal and composite parts. It went public via SPAC in 2020. Key milestones include the development of various 3D printing systems and acquisitions to expand its technology portfolio.
Core Business Areas
- Production: Offers high-speed metal 3D printing systems for mass production, targeting industries like automotive, aerospace, and medical devices.
- Shop System: Provides a metal 3D printing system designed for machine shops, enabling them to produce metal parts quickly and cost-effectively.
- Figure 4: Offers a modular, scalable 3D printing solution for high-volume polymer parts production.
- FreeFoam: Expanding into material innovation, creating expanding foams for lightweight and sustainable part solutions.
Leadership and Structure
Ric Fulop is the Founder and CEO. The company has a board of directors and a typical corporate organizational structure with departments for engineering, sales, marketing, finance, and operations.
Top Products and Market Share
Key Offerings
- Production System: High-speed metal 3D printing system. Market share data is not readily and publicly available. Competitors include HP Metal Jet and GE Additive. Estimated annual revenue from the production system is significant, but specific figures are undisclosed. Large OEMs are the primary target customers.
- Shop System: Metal 3D printer for machine shops. Market share data is unavailable. Competitors include Markforged and EOS. A substantial portion of revenue comes from the Shop System, estimated at $20-$30 million annually. Primarily aimed at small to medium-sized businesses.
- Figure 4: Modular, scalable 3D printing for polymer parts. Market share data is unavailable. Competitors include 3D Systems and Stratasys. Revenue is moderate, estimated at $10-$20 million annually. Targets industries like consumer goods and healthcare.
Market Dynamics
Industry Overview
The additive manufacturing industry is growing rapidly, driven by increasing demand for customized parts, reduced lead times, and innovative materials. Key trends include metal 3D printing, bioprinting, and sustainable materials.
Positioning
Desktop Metal aims to disrupt traditional manufacturing with its metal 3D printing solutions. Its competitive advantage lies in its high-speed printing capabilities and diverse range of printing systems.
Total Addressable Market (TAM)
The TAM for additive manufacturing is projected to reach hundreds of billions of dollars. Desktop Metal is positioning itself to capture a significant portion of this market by addressing both prototyping and mass production needs.
Upturn SWOT Analysis
Strengths
- Innovative technology
- Diverse product portfolio
- Strong management team
- Focus on mass production
Weaknesses
- High operating losses
- Negative Cashflow
- Relatively new company
- Dependency on capital investment
Opportunities
- Expanding into new markets
- Strategic partnerships
- Technological advancements
- Increase adoption of additive manufacturing
Threats
- Intense competition
- Economic downturns
- Supply chain disruptions
- Rapid technological changes
Competitors and Market Share
Key Competitors
- HP (HPQ)
- 3D Systems (DDD)
- Stratasys (SSYS)
- Markforged (MKFG)
- EOS
Competitive Landscape
Desktop Metal's advantages include its innovative technology and focus on mass production. Its disadvantages include its relatively small market share and high operating losses. Compared to its competitors, Desktop Metal is more focused on metal 3D printing while companies like Stratasys and 3D Systems offer a broader range of 3D printing technologies.
Major Acquisitions
EnvisionTEC
- Year: 2021
- Acquisition Price (USD millions): 300
- Strategic Rationale: Expanded Desktop Metal's polymer 3D printing capabilities and market reach.
Growth Trajectory and Initiatives
Historical Growth: Desktop Metal has experienced rapid revenue growth in recent years, driven by increased adoption of its 3D printing systems.
Future Projections: Analysts expect continued revenue growth for Desktop Metal, but profitability remains a challenge. Future growth depends on successful product launches and market penetration.
Recent Initiatives: Recent initiatives include expanding its product portfolio, forging strategic partnerships, and entering new markets.
Summary
Desktop Metal is a growth-oriented company in the additive manufacturing space with innovative technology but also experiences significant financial losses. Revenue is growing rapidly, but the path to profitability is uncertain and depends on continued market penetration. The company must manage its cash flow effectively and capitalize on emerging opportunities in the expanding 3D printing market while mitigating intense competitive pressure.
Similar Companies

DDD

3D Systems Corporation



DDD

3D Systems Corporation

HPQ

HP Inc



HPQ

HP Inc
MKFG

Markforged Holding Corp


MKFG

Markforged Holding Corp

SSYS

Stratasys Ltd



SSYS

Stratasys Ltd
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
- Press Releases
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Market share data is estimates only. Investment decisions should be made based on independent research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Desktop Metal Inc
Exchange NYSE | Headquaters Burlington, MA, United States | ||
IPO Launch date 2019-05-03 | Co-Founder, Chairman & CEO Mr. Ric Fulop | ||
Sector Technology | Industry Computer Hardware | Full time employees 950 | Website https://www.desktopmetal.com |
Full time employees 950 | Website https://www.desktopmetal.com |
Desktop Metal, Inc. manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing. It also provides Einstein series, designed for dental professionals which offers 3D printing; ETEC Xtreme 8K platform, a DLP printer with two 385 nm overhead projectors for high-volume production; ETEC Pro XL for industrial polymer 3D printer; S-Max and S-Max Pro platforms, which provides digital casting solutions; and 3D-Bioplotter platform which offers biofabrication solution. In addition, the company offers binder jetting materials, photopolymer resins, BMD materials, and bioprinting materials. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, research and development, and other industries. Desktop Metal, Inc. was founded in 2015 and is headquartered in Burlington, Massachusetts.
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