Desktop Metal, Inc.

NYSE:DM Stock Report

Market Cap: US$165.4m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Desktop Metal Management

Management criteria checks 3/4

Desktop Metal's CEO is Ric Fulop, appointed in Oct 2015, has a tenure of 9.5 years. total yearly compensation is $716.12K, comprised of 81% salary and 19% bonuses, including company stock and options. directly owns 6.7% of the company’s shares, worth $11.07M. The average tenure of the management team and the board of directors is 6.4 years and 6.8 years respectively.

Key information

Ric Fulop

Chief executive officer

US$716.1k

Total compensation

CEO salary percentage80.99%
CEO tenure9.5yrs
CEO ownership6.7%
Management average tenure6.4yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

Seeking Alpha • Mar 26

After Court Win, Desktop Metal Shareholders Eye Final Payout

Summary Nano Dimension Ltd. must close the merger with Desktop Metal, Inc. at $5.50 per share, subject to various adjustments. Adjustments could reduce the merger price to $4.07 per share, but a more likely outcome is around $5.06 per share. Jude's opinion indicates Nano obstructed CFIUS approval, increasing transaction expenses. The market's reaction and the judge's opinion suggest a favorable outcome for DM shareholders, making this an appealing investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Jan 30

Desktop Metal: The End Is Near

Summary Desktop Metal's stock remains under pressure despite a takeover offer from Nano Dimension that is awaiting regulatory approval. Nano Dimension's acquisition strategy is under scrutiny, with activist shareholders pushing to liquidate the company and distribute its cash reserves. Desktop Metal is pursuing legal action to try and force Nano Dimension to uphold the merger agreement. While there could be substantial upside if the deal goes through, ongoing losses and limited cash place Desktop Metal in a dire position. Read the full article on Seeking Alpha
Seeking Alpha • Oct 03

Nano Dimension: Revenue To Jump With Desktop Metal And Markforged Acquisitions

Summary Nano Dimension is acquiring Desktop Metal and Markforged for $250M, forming a super-entity in additive manufacturing with significant revenue growth potential. The acquisitions are set to boost Nano Dimension's revenue from $54.96M to $316.07M, positioning it among the largest players in the industry. Despite revenue growth, the combined entity faces a significant cash burn, with a projected $235.9M FCF loss initially, raising concerns about long-term profitability. Our valuation models suggest that Nano Dimension could reach cash flow profitability in 4-6 years, with the shares currently trading more or less at fair value. Read the full article on Seeking Alpha
Seeking Alpha • Mar 12

Desktop Metal: Evidence Points Toward Further Deterioration

Summary Desktop Metal is facing financial difficulties, recently announcing another round of cost-cutting and positioning itself to raise capital. Market headwinds, including higher interest rates and manufacturing weakness, continue to impact the Company's business. While the stock has been down significantly over the past 12 months, DM's valuation is still high given the problems facing the business. Read the full article on Seeking Alpha
Seeking Alpha • Nov 16

Desktop Metal: It's Over

Summary The stock is plummeting and investors should avoid it, as the company's execution has been lacking and its Q3 results were disappointing. The company's revenue is falling year-over-year, but its aggressive cost-cutting campaign may help achieve breakeven EBITDA for Q4. Desktop Metal has revised its outlook for 2023, expecting year-over-year declines in revenue and adjusted EBITDA, and a cash raise may be necessary in 2024. Could there be a reverse stock split which could lead to further selling? Read the full article on Seeking Alpha
Seeking Alpha • Oct 25

Desktop Metal: Mounting Liquidity Concerns

Summary Desktop Metal's focus on binder jetting positions it to benefit from the adoption of additive manufacturing in the automotive industry. The company's cash position and ongoing losses are important considerations for investors, particularly if growth continues to disappoint. Given growth and profitability concerns, Desktop Metal's valuation is elevated compared to peers in the additive manufacturing space. Read the full article on Seeking Alpha
Seeking Alpha • Sep 29

Desktop Metal: Teetering On The Edge

Summary Desktop Metal (DM) went public through a SPAC with high revenue projections but has faced significant challenges with profitability and maintaining its balance sheet. Despite large claims about its total addressable market (TAM), DM has struggled to translate this into sustained revenue growth without acquisitions. Outside of relying on acquisitions and mergers, there does not seem to be a sustainable plan to steer the company. The failed merger with Stratasys adds more uncertainty to the company's future, making it a speculative investment with an uncertain future. Despite the grim outlook, I am rating it as a Hold as there could be potential in its technology, but the path forward is very uncertain. Read the full article on Seeking Alpha
Seeking Alpha • Aug 04

Desktop Metal: Dead Money

Summary Desktop Metal, Inc. has experienced stagnant stock performance and is better suited for trading rather than long-term investment. The company's revenue growth has slowed and is now declining year-over-year, despite strategic moves to expand its business. The company reported a top line beat but a bottom line miss, with losses mounting and an outlook that could lead to no growth in sales in 2023 versus 2022. The combined company should have synergy, but this can still be traded ahead of the combination. Read the full article on Seeking Alpha
Seeking Alpha • Jul 26

Desktop Metal: Scaling Additive Manufacturing

Summary Desktop Metal is struggling to establish its business in a challenging macro environment, but its single pass jetting technology could provide significant upside. While the company's financials are currently poor, margins should improve over time provided growth is robust. Desktop Metal's future is uncertain due to competing technologies, poor margins, a weak balance sheet, and the unknown outcome of a potential takeover by Stratasys. Read the full article on Seeking Alpha
Seeking Alpha • Jun 16

Desktop Metal: High Ambitions Despite Macroeconomic Pressures

Summary Desktop Metal has a clear mission to achieve a significant market share in additive manufacturing. The company is strategically focused on driving organic revenue, cost reduction, and customer-centricity. Q1 2023 earnings showed revenue decline but steady repeat business and growth in service revenues. Aggressive cost-cutting measures are expected to improve gross margins and drive toward EBITDA break-even by the end of 2023. Despite financial challenges, management remains optimistic, aiming for sustained growth through innovation and expansion. Read the full article on Seeking Alpha
Analysis Article • Mar 04

A Look At The Intrinsic Value Of Desktop Metal, Inc. (NYSE:DM)

Key Insights Desktop Metal's estimated fair value is US$2.74 based on 2 Stage Free Cash Flow to Equity Desktop Metal's...
Seeking Alpha • Jan 24

Desktop Metal: Single Attractive Price For ExOne And Other Acquisitions In Additive Manufacturing

Summary ExOne's 3D printed sand cores are currently being used in the industry with great success. Investors now have the opportunity to buy DM, along with its other acquisitions for the price they paid for ExOne. Valuations seem favorable now, rather than later, as the technology improves.
Analysis Article • Nov 16

Newsflash: Desktop Metal, Inc. (NYSE:DM) Analysts Have Been Trimming Their Revenue Forecasts

Market forces rained on the parade of Desktop Metal, Inc. ( NYSE:DM ) shareholders today, when the analysts downgraded...

CEO Compensation Analysis

How has Ric Fulop's remuneration changed compared to Desktop Metal's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$366m

Jun 30 2024n/an/a

-US$376m

Mar 31 2024n/an/a

-US$323m

Dec 31 2023US$716kUS$580k

-US$323m

Sep 30 2023n/an/a

-US$461m

Jun 30 2023n/an/a

-US$475m

Mar 31 2023n/an/a

-US$723m

Dec 31 2022US$631kUS$569k

-US$740m

Sep 30 2022n/an/a

-US$499m

Jun 30 2022n/an/a

-US$505m

Mar 31 2022n/an/a

-US$251m

Dec 31 2021US$11mUS$523k

-US$240m

Sep 30 2021n/an/a

-US$138m

Jun 30 2021n/an/a

-US$91m

Mar 31 2021n/an/a

-US$71m

Dec 31 2020US$483kUS$333k

-US$34m

Sep 30 2020n/an/a

-US$93m

Jun 30 2020n/an/a

-US$97m

Mar 31 2020n/an/a

-US$99m

Dec 31 2019US$351kUS$350k

-US$104m

Compensation vs Market: Ric's total compensation ($USD716.12K) is below average for companies of similar size in the US market ($USD1.48M).

Compensation vs Earnings: Ric's compensation has increased whilst the company is unprofitable.

CEO

Ric Fulop (49 yo)

9.5yrs
Tenure
US$716,115
Compensation

Mr. Ric Fulop serves as Director of Vicarious Surgical Inc. (Formerly, D8 Holdings Corp.) since September 2021. He serves as a Director of Lumafield, Inc. (formerly, Meter Parts, Inc.). He had served as Me...

Leadership Team

NamePositionTenureCompensationOwnership
Ric Fulop
Co-Founder9.5yrsUS$716.12k6.7%
$ 11.1m
Jonah Myerberg
Co-Founder9.5yrsUS$1.48m1.02%
$ 1.7m
Jason Cole
CFO & Treasurer2.5yrsUS$1.70m0.29%
$ 477.8k
Thomas Nogueira
Chief Operating Officerno dataUS$1.07m0.13%
$ 216.0k
Rick Chin
Co-Founder10.3yrsno datano data
Emanuel Sachs
Co-Founder10.3yrsno datano data
Christopher Schuh
Co-Founderno datano datano data
A. Hart
Co-Founderno datano datano data
Yet-Ming Chiang
Co-Founderno datano datano data
Larry O'Connell
General Counsel & Secretaryless than a yearno datano data
Sarah Webster
Chief Marketing Officer3.3yrsno datano data
Patrick Morrissey
Senior Vice President of Global Sales2.6yrsno datano data
6.4yrs
Average Tenure
47.5yo
Average Age

Experienced Management: DM's management team is seasoned and experienced (6.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ric Fulop
Co-Founder4.3yrsUS$716.12k6.7%
$ 11.1m
Jeffrey Immelt
Independent Director6.8yrsUS$140.00k0.054%
$ 89.0k
Steven Papa
Independent Director8.8yrsUS$190.00k0.042%
$ 69.3k
James Eisenstein
Independent Director3.8yrsUS$185.00k0.059%
$ 98.3k
Scott Dussault
Independent Director4.3yrsUS$200.00k0.039%
$ 64.5k
Wen Hsuan Hsieh
Independent Director9yrsUS$187.50k0.042%
$ 69.3k
Dayna Grayson
Independent Director9.5yrsUS$195.00k0.042%
$ 69.7k
Muhammad Zuberi
Independent Director9yrsUS$190.00k0.042%
$ 69.3k
Stephen Nigro
Director4.3yrsUS$180.00k0.083%
$ 137.7k
6.8yrs
Average Tenure
51yo
Average Age

Experienced Board: DM's board of directors are considered experienced (6.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/03 11:25
End of Day Share Price 2025/04/01 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Desktop Metal, Inc. is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joshua SullivanBenchmark Company
Troy JensenCantor Fitzgerald & Co.
Gregory PalmCraig-Hallum Capital Group LLC