Desktop Metal Inc is a pioneering company that specializes in providing advanced manufacturing solutions through the use of 3D printing technology
Focused on metal additive manufacturing, the company develops innovative systems and materials that enable the efficient production of complex metal parts across a range of industries, including aerospace, automotive, and healthcare. With a commitment to accelerating the adoption of 3D printing, Desktop Metal aims to enhance manufacturing processes by offering more sustainable and cost-effective alternatives to traditional manufacturing methods, thereby enabling businesses to innovate and optimize their production capabilities.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 6% over the past six months. This drawdown was disappointing since the S&P 500 stood firm.
Desktop Metal, Inc. (NYSEDM) (“Desktop Metal”) today announced that the Delaware Court of Chancery has set trial dates of March 11-12, 2025 in Desktop Metal’s pending litigation against Nano Dimension Ltd. (“Nano Dimension”) regarding the merger agreement between the parties dated July 2, 2024 (the “Merger Agreement”). The Court granted Desktop Metal’s motion to expedite proceedings at a hearing in December 2024, finding that expedition was warranted to address Desktop Metal’s claims under the Merger Agreement.
Desktop Metal has gotten torched over the last six months - since August 2024, its stock price has dropped 36.3% to $2.62 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Desktop Metal (NYSEDM) and the rest of the custom parts manufacturing stocks fared in Q2.
Desktop Metal stock is trading higher on Friday after the company announced that the Delaware Court of Chancery granted the company's motion for an expedited trial in its lawsuit against Nano Dimension.
Desktop Metal, Inc. (NYSEDM) (“Desktop Metal”) today announced that at a hearing held in the Delaware Court of Chancery on December 30, 2024, the Court granted Desktop Metal’s motion for an expedited trial in the lawsuit Desktop Metal filed on December 16, 2024 against Nano Dimension Ltd. (“Nano Dimension”). In the lawsuit, Desktop Metal alleged that Nano Dimension has breached its obligation under the merger agreement between Desktop Metal and Nano Dimension (the “Merger Agreement”) to use reasonable best efforts to obtain regulatory approval and close the merger contemplated by the Merger Agreement (the “Merger”) as soon as reasonably possible. The trial is expected to be scheduled for the week of February 24, 2025.
Desktop Metal, Inc. (NYSEDM) (“Desktop Metal”) today announced that it has filed a lawsuit against Nano Dimension Ltd. (“Nano Dimension”) in the Delaware Court of Chancery (the “Court”), alleging that Nano Dimension has breached its obligation to use reasonable best efforts to obtain regulatory approval as soon as practicable in connection with the merger agreement between the parties (the “Merger Agreement”). The Court has scheduled an expedited hearing on December 30, 2024, to hear Desktop Metal’s motion for an expedited trial to be held in January.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the custom parts manufacturing industry, including Desktop Metal (NYSEDM) and its peers.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the custom parts manufacturing stocks, including 3D Systems (NYSEDDD) and its peers.
Let’s dig into the relative performance of Stratasys (NASDAQSSYS) and its peers as we unravel the now-completed Q2 custom parts manufacturing earnings season.
Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”) and Desktop Metal, Inc. (NYSEDM) (“Desktop Metal” or “DM”) today jointly announced that, at a special meeting, Desktop Metal stockholders approved the merger agreement pursuant to which Desktop Metal would be acquired by Nano Dimension.
Merging of Nano Dimension with Desktop Metal and Markforged Will Have the Scale and Capital to Drive to Profitable Expansion With a Combined 2023 Revenue of $340M Cash & Cash Equivalents Expected at Close of ~$475M
Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or “Nano”) and Desktop Metal, Inc. (NYSEDM) (“Desktop Metal” or “DM”) today jointly announced that Institutional Shareholder Services (“ISS”), a leading proxy advisory firm, has recommended that Desktop Metal shareholders vote to support the merger agreement and other deal related proposals.
Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced that it has qualified a 100% recycled nickel-based superalloy processed with proprietary technology from Continuum Powders, a leader in high-performance, sustainable metal powders.
Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced that the Figur G15 Pro will be showcased alongside the company’s sinter-based metal 3D printing technologies at IMTS 2024 in Chicago.
Desktop Health, the trusted production-grade dental 3D printing brand of Desktop Metal, Inc. (NYSEDM), is proud to announce that Flexcera family resins are now qualified for use with LuxCreo 3D printers.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Desktop Metal, Inc. (NYSEDM) to Nano Dimension Ltd. (NasdaqCM: NNDM). Under the terms of the proposed transaction, shareholders of Desktop Metal will receive $5.50 in cash for each share of Desktop Metal that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Nano Dimension reports Q2 revenues of $14.99 million, up from $14.74 million a year ago. Adjusted gross profit declined. The company recently acquired Desktop Metal.
Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the second quarter ended June 30, 2024.
