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I plan to pick up more myself tomorrow morning. This will become a behemoth within ten years, as they cover so many industries.
$19 million in Q2 sales isn't bad, and they imply that they will more than double before the Xone incremental sales to $40 million by Q4. I love this stock, especially at these levels.
I share that dream. I am hoping they get done with the shopping spree and start selling something.
I can't even imagine what this will trade for by 2025 - I can only dream.
nice moves today, low vol. though
Good decision. Why more people don't see how dominant this company is going to become during the next decade is beyond me.
Wb,
Looks like the Lake Street analyst NAILED it!
DM missed bigly on bottom line today. Allegedly beat on the top line but who knows? They keep buying other firms' revenue streams since they have none of their own to speak of.
The big M&A deal in the quarter was an outfit called Envision, a company which hasn't shown any revenue growth or profits for the last three years. So naturally, DM paid 9X revenues!!!! Can you say goodwill impairment?
Headed for single digits.
Desktop Metal initiated with a Sell at Lake Street Lake Street analyst Troy Jensen initiated coverage of Desktop Metal (DM) with a Sell rating and $11 price target. While he thinks Desktop Metal will likely report "impressive growth over the next several years," Jensen believes management's "hypothetical" organic revenue growth forecast of $942M in 2025 will likely lead to "downwardly revised estimates and multiple contraction as reality sets in," Jensen tells investors. He has concerns about competition in DM's core metal markets intensifying with Hewlett Packard's (HPQ) Metal Jet launch, increased traction for Markforged's Metal X platform and the coming release of Stratasys' (SSYS) Metal FDM printer, the analyst added. DM HPQ SSYS
Read more at:
https://thefly.com/n.php?id=3273498
Should You Buy Desktop Metal (DM) Stock Before It’s Too Late?
https://www.insidermonkey.com/blog/should-you-buy-desktop-metal-dm-stock-before-its-too-late-925076/
From a few days ago. Pretty positive article.
The call was amazing, and I put another $28K into the stock right after I heard it. I will guarantee anyone that whatever amount of money they put into this company today, they will have in excess of 10 times that amount within ten years. I wish more people would get on board here and could understand what is transpiring with this company. This is a microcosmic version of owning Facebook or Netflix in the early days before the inherent value proposition became clearly apparent to everyone.
After my last post, I became aware through watching a YouTube video that Cathie Wood increased her position in DM by 99% in February, which confirms my assertion that she is smart as a whip. It looks as though she's also favorably impressed by DDD.
I know she's smart as a whip, but after just having spent five minutes looking at that company, if she's at all aware that DM exists, how she could allocate any of her fund's capital to that company instead of this one is beyond me.
ouch
Cathie Wood's ARK Fund initiated a stake in 3D Systems (NYSE: DDD) through the active ETF ARKQ on Thursday. ARK has held shares of DDD through the index ETF PRNT.
https://www.streetinsider.com/ETFs/Cathie+Woods+ARKQ+Fund+Initiates+Stake+in+3D+Systems+(DDD)/18119190.html
maybe it will give the sector a lift
Does anyone realize just how big this is going to be? I do, and I just put $50K in here today before many others realize its potential and the share price rises. I think Monday's conference call will be very interesting, and am looking forward to it.
no idea. But up 5.5% in pre-market.
Where does stock price go from here?
Warrants called. Cash redemption. March 29th.
Just like the rest of the equity world. I have a few that are doing worse today. Still seems like an interesting company. I didn't plow in so maybe worth a nibble here and there as opportunity presents.
Back down to Earth! Easy come, easy go.
Thanks. You’re right though that it is strange they state their investment horizon is 5 years but a stock can be top holding 1 qtr or even intra-qtr and then drop off!
With all of the ARK ETFs you need to recognize that their investment horizon is 5 years. Given that, I have watched some equities appear and disappear from an ETF within a Qrt. I'm waiting for a cooling off period before adding. DM has a significant profile in 3D metal printing.
I see PRNT as a safety hedge and I never bet against Cathie Wood
I've only got DM (held 1 week!) and MTLS (held 2+ years) (and previously was in ARCAM (AMAVF)).
What do you think of ARK PRNT? Too wide spread especially since a few of these don't feel like true A-M plays (Dupont, Xerox, 3M)?
I spread them out.
DDD, DM, IONE, and SSYS.
All are doing really well.
It’s crazy how this has taken off!
I took a gamble and bought more than i probably should’ve done but I’m up over $10k in a week!
Again, nice call on DM. Up handsomely again.
I cannot take any credit for any of this! All pure luck in terms of stock and price moves.
I believe in additive manufacturing being an incredible change but not sure any of us can pick out the long term winners!
CLOV investors should have gone with DM, for the Chamath Palihapitiya
trade
Congrats. Very kind of you to bring it to the Materialize board right before the 25% jump.
FYI
Not too bad so far. Almost 25% jump in a week for me!
okay so I have a limit order out for some shares. Not a lot of activity here on IH.
Not sure if it is a good idea but my first purchase for something speculative like this is usually very small. In this case less the .2% of my portfolio. I add it to a monitor that I keep. I add it to the ihub names I follow. In this case it would seem like not much of an ihub following. My son was in a robotics club in High School and is now an electrical engineering student in college. He got a 3D printer for Christmas and is a bona fide nerd. He had not heard of DM but had heard of the fiber blend concept. He was keen on that for sure.
Buying small at first means they are on my radar. It doesn't get filed away and forgotten only to have me visit it a year and +100% later. I like the move projected for revenue and the concept is intriguing. As I learn more or opportunity allows, I might add more. It has worked ok so far but that is pretty easy when everything is going up.
Jan 15th $20 Calls active, last 1.40
11538 traded 7402 prior OI
CORRECTING and REPLACING Desktop Metal Becomes the World’s Only Publicly Traded Pure-Play Additive Manufacturing 2.0 Company
December 15 2020 - 07:00AM
Business Wire
Desktop Metal Completes Its Business Combination with Trine Acquisition Corp. as Trading Begins Today on the NYSE under the Ticker Symbol “DM”
Desktop Metal and Trine Acquisition Corp., a special purpose acquisition company, today announced they have completed their business combination; the combined company begins trading on the NYSE under the ticker symbol “DM” on December 10, 2020
Desktop Metal is now the only publicly traded pure-play Additive Manufacturing 2.0 company, offering the fastest metal 3D printing technology in the market, up to 100 times the speed of legacy technologies(1)
The additive manufacturing industry is estimated to grow from $12 billion to $146 billion this decade as it shifts from prototyping to mass production(2)
Leo Hindery, Jr., legendary technology investor and operator, joins Desktop Metal’s board
Reissuing release issued December 10, 2020 to include only references to Desktop Metal’s ticker symbol (NYSE:DM) and remove references to Trine Acquisition Corp.’s ticker symbol, for clarity purposes in searchability by investors and other audiences seeking news about Desktop Metal.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005148/en/
The Desktop Metal Shop System™, the world’s first metal binder jetting system designed for machine shops, is being manufactured in volume and shipped to customers around the world. (Photo: Business Wire)
The Desktop Metal Shop System™, the world’s first metal binder jetting system designed for machine shops, is being manufactured in volume and shipped to customers around the world. (Photo: Business Wire)
The updated release reads:
DESKTOP METAL BECOMES THE WORLD’S ONLY PUBLICLY TRADED PURE-PLAY ADDITIVE MANUFACTURING 2.0 COMPANY
Desktop Metal Completes Its Business Combination with Trine Acquisition Corp. as Trading Begins Today on the NYSE under the Ticker Symbol “DM”
Desktop Metal and Trine Acquisition Corp., a special purpose acquisition company, today announced they have completed their business combination; the combined company begins trading on the NYSE under the ticker symbol “DM” on December 10, 2020
Desktop Metal is now the only publicly traded pure-play Additive Manufacturing 2.0 company, offering the fastest metal 3D printing technology in the market, up to 100 times the speed of legacy technologies(1)
The additive manufacturing industry is estimated to grow from $12 billion to $146 billion this decade as it shifts from prototyping to mass production(2)
Leo Hindery, Jr., legendary technology investor and operator, joins Desktop Metal’s board
Desktop Metal, Inc. (“Desktop Metal” or the “Company”) a leader in mass production and turnkey additive manufacturing solutions, and Trine Acquisition Corp. (“Trine”), a special purpose acquisition company led by Leo Hindery, Jr. and HPS Investment Partners, a global credit investment firm with over $60 billion in assets under management, today announced the completion of their previously announced business combination. The resulting company is named Desktop Metal, Inc. and its common stock and warrants are expected to commence trading on the New York Stock Exchange under the new ticker symbol “DM” and “DM.WT” on December 10, 2020.
The transaction was unanimously approved by the board of directors of Trine and was also approved at a special meeting of Trine’s stockholders on December 8, 2020. As a result of this transaction, Desktop Metal has received approximately $580 million of gross proceeds from Trine’s trust account and concurrent equity private placements.
“Today is an exciting moment and major milestone for our company and for the additive manufacturing (AM) industry at large,” said Ric Fulop, Co-founder and Chief Executive Officer of Desktop Metal. “With a broad portfolio of solutions offering revolutionary ease-of-use and productivity for the AM industry, Desktop Metal is uniquely positioned to disrupt how parts are made across a wide range of industries. The capital raised through our transition to a publicly traded company will accelerate our global go-to-market efforts, enhance our relentless efforts in R&D, and allow us to capitalize on the tremendous growth opportunities we see over the next decade as we integrate industry-leading technology and intellectual property with strong secular growth trends around AM. We are excited to bring Desktop Metal to the public markets as the only pure play Additive Manufacturing 2.0 (AM 2.0) company and offer everyone the opportunity to invest in a company aiming to transform the manufacturing industry.”
Founded in 2015 with a vision to pioneer technology that changes the way parts are produced through AM, Desktop Metal has quickly grown to become a global enterprise offering a diverse suite of AM solutions. Led by an experienced team with deep operational and scientific pedigree, Desktop Metal has distribution in more than 60 countries around the world and adoption from leading companies spanning a broad array of industries, including automotive, consumer products, industrial automation, medical devices, aerospace and defense.
The Company’s product portfolio is anchored by its flagship Production SystemTM P-50, which is scheduled to begin volume commercial shipments in the second half of 2021. The P-50 is designed to achieve print speeds up to 100 times those of legacy technologies(1), delivering thousands of parts per day at costs competitive with conventional manufacturing. The recently revealed Production System P-1 leverages the same patent-pending Single Pass JettingTM technology as the P-50 and begins initial shipments to customers in Q4 2020. Desktop Metal’s AM 2.0 portfolio also includes Shop SystemTM, a mid-volume, flexible manufacturing solution designed for machine shops which began volume manufacturing and global shipments in Q4 2020; Studio SystemTM, an office-friendly metal 3D printing system for low-volume production which has been shipping in volume globally since 2018; and FiberTM, a continuous fiber composite printer, scheduled to begin volume commercial shipments in Q4 2020.
The AM 2.0 Revolution and Its Impact to Industry 4.0
The AM industry grew at a 20 percent annual compound rate between 2006 and 2016 before accelerating to 25 percent compound annual growth over the last three years, a rate that is expected to continue over the next decade as the market grows from $12 billion in 2019 to an estimated $146 billion in 2030(2).
“We believe the AM industry is at a major inflection point and that Desktop Metal is at the forefront of this transformation,” said Fulop. “This market inflection is being driven by the emergence of AM 2.0 a wave of next-generation AM technologies that unlocks throughput, repeatability, and competitive part costs with a focus on making AM an easy to use, economic solution for mass production. These solutions feature key innovations across printers, materials, and software to pull AM into direct competition with conventional processes used to manufacture $12 trillion in goods annually(3).”
“Desktop Metal is poised to revolutionize the manufacturing industry by applying transformative AM 2.0 technologies to the products and industries that will drive the economy in the 21st century,” said Leo Hindery, Jr., Desktop Metal board member and Chairman and CEO of Trine Acquisition Corp. “The company has a distinct first-mover advantage over competitors and the injection of capital from this transaction, a large portion of which will be dedicated to continuous product innovation, will protect and extend this first-mover advantage.”
About the Transaction
Credit Suisse Securities LLC and Stifel Financial Corp. are serving as capital markets advisors to Desktop Metal, and Credit Suisse as sole private placement agent to Trine. BTIG, LLC is serving as financial and capital markets advisor to Trine. Latham & Watkins LLP is serving as legal advisor to Desktop Metal, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor to Trine. ICR is serving as investor relations and communications advisor to Desktop Metal.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make additive manufacturing an essential tool for engineers and manufacturers around the world. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum and named to MIT Technology Review’s list of 50 Smartest Companies.
For more information, visit www.desktopmetal.com.
Turned what around closed weak to say the least
This tweet turned the stock around.
Chamath Palihapitiya
@chamath
Nothing fundamental changed about the company from last Thursday to today. It is still one of my core SPAC holdings and I still believe in their products and future.
It’s frustrating what happened but $DM will be great and put this speed bump behind them.
Nothing fundamental changed about the company from last Thursday to today. It is still one of my core SPAC holdings and I still believe in their products and future.
— Chamath Palihapitiya (@chamath) December 14, 2020
It’s frustrating what happened but $DM will be great and put this speed bump behind them.
https://www.desktopmetal.com/
Desktop Metal® exists to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers.
Desktop metal was founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, to address the unmet challenges of speed, cost, and quality to make 3D printing an essential tool for engineers and manufacturers around the world.
With solutions for every stage of the manufacturing process - from prototyping and pilot runs to mass production and aftermarket parts - we are reinventing the way engineering teams produce metal and composite parts across a wide range of applications and industries.
Ric Fulop is the CEO and co-founder of Desktop Metal, a company committed to accelerating the transformation of manufacturing with end-to-end metal 3D printing solutions.
Founded in 2015 by leaders in advanced manufacturing, materials science, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make metal 3D printing an essential tool for engineers and manufacturers around the world.
Prior to founding Desktop Metal in October 2015, Ric was a General Partner at North Bridge, a VC fund with $3 billion under management, for five years following a fifteen-year career as an entrepreneur. Fulop is the founder of six technology companies, including A123 Systems, Boston's largest IPO in the past decade and one of the world’s largest automotive lithium ion suppliers with revenue exceeding $500M in 2016. At North Bridge, Ric led the software and 3D investing practices, and was an early stage investor and board member in Dyn (acquired by Oracle for $60
---------
Jonah Myerberg is a Co-founder and Chief Technology Officer at Desktop Metal where he is responsible for leading the technical direction of Desktop Metal’s 3D printing solutions.
Prior to joining Desktop Metal in 2015, Myerberg held senior positions with a variety of organizations focused on high performance battery development, including Renovo Auto and Boston Impact, which he founded, and A123Systems. At A123Systems, Myerberg established and led the motorsports business unit which focused on the development of high performance batteries. His products were adopted by the majority of Formula One teams including McLaren, Force India, Mercedes Benz, RedBull and other high profile motorsports teams like the Porsche 919 team which won the 24 hours of Le Mans in 2015 and 2016. He was also a race engineer for Porsche on the 919 team and for Mahindra Racing on their Formula E team. Additionally, he helped launch Gradiant Corp., where he managed the deployment and operation of large scale water desalination plants that converted fracking water into fresh water.
-----------------------------------
Emanuel “Ely” Sachs, a pioneer of 3D printing, is the inventor of binder jet printing. Sachs is a co-founder of Desktop Metal and professor of mechanical engineering at MIT.
------------------------------------------------------
Rick Chin is a co-founder of Desktop Metal, where he led the development of Fabricate, the software behind the Studio System, and Fab Flow, a comprehensive workflow management software.
Chin is a veteran of CAD software beginning his career at Unigraphics and Parametric Technologies Corporation. He was the 10th employee at Solidworks and was responsible for the eDrawings product which has several million users. Immediately prior to co-founding Desktop Metal in 2015, Chin served as Director of Product Innovation at DS SolidWorks, where he led the team focused on the development and implementation of an Augmented Reality (AR) app for product design. Additionally, he helped launch the SolidWorks SustainabilityXpress product, enabling engineers to improve the environmental impact of their designs. Chin was also the founder of Xpress3D, a pioneering marketplace for 3D printing services acquired by Stratasys which served as the foundation for Redeye Parts/Stratasys Direct.
-------------------------------------
A. John Hart is a co-founder of Desktop Metal and Associate Professor of Mechanical Engineering at MIT.
----------------------------------------------
Christopher A. Schuh is a co-founder of Desktop Metal, where he has helped guide the company’s advances in materials science.
A leading expert in metallurgy, Professor Schuh also serves as the Department Head and the Danae and Vasilis Salapatas Professor of Metallurgy in the Department of Materials Science and Engineering at MIT.
--------------------------------------------
Yet-Ming Chiang is a co-founder of Desktop Metal, one of the top battery experts in the world, as well as a leading materials scientist.
Prof. Chiang has been integral in Desktop Metal’s development of an office-friendly metal 3D printing system, as well as building out the company’s materials science team. Prof. Chiang is also the Kyocera Professor in the Department of Materials Science and Engineering at MIT, where his research focuses on the design, synthesis, and characterization of advanced inorganic materials and related devices.
Prof. Chiang earned his SB in Materials Science and Engineering and his ScD in Ceramics, both at MIT. He has published approximately 200 scholarly articles and a widely-used textbook on ceramic materials, and holds about 20 issued patents and 30 pending patent applications (excluding substantially identical foreign filings).
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