Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hitting and exceeding production targets. Some help from the overall stock market.
If you really think that what you have today is more valuable then what you had 5 years ago, I can't help you.
Show me where I can short MIKP shares.
They have smarter CEOs.
For lying? Lots of pretty specific rules about that. All of this is self imposed and can be traced back to the moron in charge.
Someone complained to the SEC because they were breaking the law.
This thing is garbage. Was then, is even more now. The CEO does this part time. The only product out of MIKP is how many years old? The only thing that keeps it alive is idiots like you and I that let greed and hopium cloud reality.
Hedges? They have no idea this ticker exists.
I was talking about White Space. I thought it was going to be total garbage. As is, the editor did a decent job, some acting was ok and as far as graphics, I didn't see any strings. The CEO still has his head so far up his ass as far as running a company that HE probably doesn't even know what the truth is these days. The blame is Mark's and only Mark's.
Looks like this is not going to happen.
https://www.ftc.gov/news-events/press-releases/2022/01/ftc-sues-block-lockheed-martin-corporations-44-billion-vertical
That did not suck. Very surprised.
looking pretty good here today.
What caused the move from $1 million to $15 million?
Understood. Total Stockholders Equity was purchased at SGLB not grown. That is why they also report Additional paid in capital. That is why share numbers are reported as well. Almost 6 million at the end of 2020 up form 310 thousand at the end of 2015. (Dilution) That is why I was asking for clarification. The statement needed to be explained. As it stood, it represented a positive environment that does not exist.
In the case of SGLB, retained earnings as of 12/31/2020 were -$33 million. That number was -$7.6 million 5 years ago.
Where in the EDGAR filings does it show that "...shareholders continue to profit..."?
1 month -22.69%
3 month -45.24%
6 month -52.82%
1 year -51.71%
2 year -80.99%
3 year -91.24%
5 year -89.30%
10 year -78.67%
Agreed, what was the cost of a bit of data or an hour of productivity back then?
I do know that the nutritional value of a cheeseburger hasn't changed much in the last 40 years.
The vacuum that is used for comparisons on this page is selectively chosen by most here. I personally have more of just about every measurable aspect of my life compared to 1982. Life's ok but I'm still bitchin'.
Kind of a chicken egg thing isn't it? Isn't the fed trying to curb inflation and the shrinking buying power of the dollar? Would the fed care about interest rates if inflation was on target?
Depreciate against what?
2021 Year in Review and Annual Letter
To the stakeholders of Desktop Metal:
In 2015, Desktop Metal was founded with an audacious goal that had long eluded the 3D printing industry: mass production. We did not choose this goal lightly.
While more manufacturers than ever were benefiting from 3D printed prototypes, tooling and low-volume applications, few were scaling to high volumes because the technology was too slow and expensive for production.
Our team was determined to overcome this hurdle because we passionately believe that 3D printing can deliver important innovation and sustainability benefits to the world. These benefits – such as lighter components, shorter supply chains, and reduced waste, to name just a few – are more important to our changing world than ever before. But our team knew: these benefits won’t be truly meaningful to society until the technology is affordable vs. conventional manufacturing and fast enough to be used for real series production.
This was, and remains, the heart of our vision for Additive Manufacturing 2.0.
In 2021, our first full year as a publicly traded company, we reaffirmed our commitment to this goal and are building an army of engineers, PhDs and industry leaders to push the 3D printing industry into this long-elusive territory.
In addition to driving triple-digit YOY growth in our organic metal offerings through the first three quarters of 2021, we locked up important assets as we executed on a focused, three-pronged strategy:
1. Gain supremacy in 3D printing platforms that can deliver a combination of speed, tolerances, surface finish and material properties to truly qualify as high volume production tools at a cost that competes with conventional manufacturing.
o Of the seven 3D printing processes recognized by the American Society for Testing and Materials (ASTM)1, we focus primarily on only two — binder jetting and digital light processing2 — both of which are known for enabling high throughput area-wide processing and for improving over time based on investments from third parties.
1 https://www.lboro.ac.uk/research/amrg/about/the7categoriesofadditivemanufacturing/
2 Digital light processing is a high-throughput variant of Vat Photopolymerization.
o Through our acquisition of ExOne, we now have the broadest selection of binder jetting solutions, a strong IP portfolio, and the most experienced team in our industry. We are now the No. 1 binder jetting company by market share3.
o Through our acquisition of EnvisionTEC, the original innovator in digital light processing, we have gained entry at scale into photopolymer mass production as well as access to over 135 issued and pending foundational patents (many of which we believe to be blocking) and a rich library of best-in-class materials.
o We have made significant progress on our Production System P-50 program. Despite an unusual supply chain environment, we are now in a position to start shipping P-50 printers within single digit weeks and we’ve tripled production capacity to accelerate our manufacturing ramp in 2022.
o Our first full year of selling and installing Shop Systems has been a big success turning the product into the No. 1 selling metal binder jet printer in the world, with SMEs delighted by the speed, quality and ease of use of this turnkey production metal binder jet system.
2. Vertically integrate into the consumables for our printers to strengthen our high-margin recurring revenue streams and enable reliable, high-performance parts for our customers.
o Over the course of the year, we expanded beyond metals to bring the benefits of production 3D printing to parts and products made with photo-polymers, ceramics, composites, elastomers, and waste stream materials, such as wood.
o Our new Flexceraâ„¢ resins, for example, are already being used for high-volume production of dentures with industry-leading properties.
o Adaptive3D offers our customers the world’s best performing printed elastomers4; we believe their resins, combined with our Xtreme 8K solution will usher in a new era of productivity in photopolymer printing.
3. Advance new, killer applications designed to drive high-volume adoption of 3D printing.
o Our new Forust process builds a greener future through 3D printed wood derived from two wood waste streams: sawdust and lignin. This business is running well ahead of plan.
o Aidro is taking 3D printing of high-performance hydraulic components, such as valves and manifolds, for the energy and aerospace industries to new volumes. We are excited to report that Aidro now has parts that are flight qualified at a leading aerospace company.
3 Company estimates based on publicly-available third-party data and market analysis.
4 Data based on publicly-available technical data sheets for commercially available elastomer materials (see slide 15 of Desktop Metal's Q1 Financial Results Presentation).
o We launched Desktop Health to accelerate 3D printed dental and biofabrication applications at scale. Our advanced dental solutions are already being used widely. In the second half of 2021, customers printed over 100,000 Flexcera dentures, and we now count over 12,000 dentists as customers of our parts platform. Dental is one of the fastest growing segments of our business and we believe a substantial portion of the $30B5 in annual spend on restorations and orthodontic appliances currently procured by dentists will transition to digital manufacturing by the end of the decade, going right from the 3D printer into the patient’s mouth.
Over the course of the year, we demonstrated record growth and our expanding team remained focused through incredible external and internal change. We are entering the year a much stronger company, positioned for outsized growth into 2022 and beyond. In the past year alone, we have:
o Grown our IP portfolio to more than 650 patents, up from 120 just a year ago6.
o Assembled one of the world’s leading team of production 3D printing experts. #TeamDM grew from 200 to more than 1,000 around the world, and we’re completely dedicated to the mission of making mass production via 3D printing fast, affordable, and impactful to the world.
o Grown our global manufacturing customer base from about 400 to 6,000+.
o Augmented go-to-market efforts by adding a direct sales force through the ExOne acquisition and expanding from 90 to over 200+ sales partners, now serving more than 65 countries.
o Grown our materials library from less than 20 to more than 250 materials that span metals, composites, polymers, ceramics, biocompatible materials, sands, wood, and elastomers. This was a herculean team effort and will be a key differentiator for our company going forward as materials drive applications and applications drive adoption of printing in mass production.
In sum, our team is well on its way to transforming what it means to make things, and we’re excited to demonstrate how our progress will translate into consistent financial outperformance.
5 Source: Global Industry Analysts, Inc., Dental Laboratories – Global Market Trajectory & Analytics (July 2020).
6 Figures represent issued patents and pending patent applications.
We stand by our goal to reach ~$1B in revenue by 2025. We remain true to our strategy, outlined in our plan to go public, to leverage inorganic upside to grow; the investments we made in 2021 better position our company to reach and potentially accelerate that milestone.
When you see our overall performance in 2021, it showcases our commitment to delivering on the vision of mass production 3D printing and why we believe we are on the path to our long-term goal of achieving double digit share of the $146B market that additive manufacturing is estimated to represent by 20307. It’s worth noting that, even then, additive manufacturing as an industry will still be in its infancy, representing only ~1% of the estimated $12 trillion of global spend in the overall manufacturing sector8.
I want to thank our many customers — small and large, alike — who placed their trust in our company during 2021 to help them solve some of their most challenging design, engineering, and manufacturing problems.
We are well capitalized, and our plan remains to be adjusted-EBITDA positive by the end of 2023. Once we achieve that goal, we intend to reinvest all surplus back to meet our long-term growth objectives and continually improve our market share position. Eventually, this will lead to a dominant position with outsized profitability.
We have incredible things in store for 2022. We are building a flywheel of printers, materials, and killer applications that we believe will transform what it means to manufacture in a world that requires more sustainable and flexible means of production.
As we enter the new year, we’re delighted to have the good fortune of brilliant technical teams that are energized to work together for this greater good, and we thank you for your commitment to #TeamDM as we execute on our mission with more passion than ever.
Come join us on this journey to change the way we make things,
Onwards!
Ric
Agreed. I'm stuck with death and taxes. Everything else is a conscious decision.
Define trapped.
That's the beauty of rebalancing. I get to trim the fat and feed the skinny.
Understood. Good luck to you and Happy New Year.
I would agree that some stocks may be overvalued. Isn't that always the case though? There was plenty to buy in my opinion and lots of good times to buy stocks. Whether you bought in a year ago at 370, the end of April at 417, the end of June at 428 or the end of September at 429. They all look good today at 477. I didn't need the market to crash, I didn't have to pretend like I knew how it would shake out. I just needed to stick to a plan, rebalance according to my risk tolerance and my place along the life timeline. My goal is singles and doubles not homeruns.
"... and flipping options is gambling."
Amen brother.
Yep. That is how it works. You win you lose. Over the long term, the stock market has been a decent driver of returns. It certainly has beat the do nothing approach.
I'll tell you all about it this time next year.
There have been many "rotations" over the last few decades. The worst thing I could have done is bail on my process.
https://www.bnnbloomberg.ca/great-stock-rotation-has-legs-wall-street-pros-say-1.1703361
Looks like someone is listening.
The Fed calls the shots and have been for a long time. GS is just smart enough to know that.
If there was a reason, I might hold depending but just because, I think you might be right. It's up because a group has decided to send it up. Still lots of good news in the company so will hold some but like you said, nothing wrong with making money.
Sounds like my story. I sold a little today just because.
Indeed. Any idea why?
I don't care about the last 200 days. I don't even have to worry about the next 200.
Thanks for taking the time an providing the link.
Enlighten me with a link please. Common to who? If it is common knowledge the world must have many sources to back it up.
How does the breadth and top ten holdings compare to years past? Is it higher or lower and by how much?
What do you think makes these stocks such large factors in SPY? Going to go out on a limb.
Revenue for the last year as of the end of September for Apple was $365 billion. That is higher than the GDP of Norway. 2016 was $215 billion. EPS has gone from $2.064 to $5.607 in the same time frame. Net income has gone from $45.4 billion to $94.7 billion in that time. They have $62 billion in cash. Not as much as the $90 billion in 2020 or the $100 billion in 2019 but still substantial.
You're not the only one looking. The rest of the world is just looking harder.
Do you have a statistic about how the concentration in SPX has changed over time? How does now compare to years past? What about breadth. You throw out the numbers but what are you comparing them to?
Not to knit pick. Ok, I will knit pick.
As mentioned before, as of 12/17/2021, the top 10 stocks in spy make up 29.57% so your math is off still. (SPY not a long short, right?) Tesla is still not the largest holding which was my original statement. Just so you do have the facts,
Apple Inc 6.873%
Microsoft Corp 6.277%
Amazon.com Inc 3.745%
Alphabet Inc 2.214%
Alphabet Inc 2.065%
Tesla Inc 2.055%
Meta Platforms 1.968%
NVIDIA Corp 1.840%
Berkshire 1.357%
UnitedHealth 1.173%
Tesla is the 6th largest holding in the index so "...and 1 is TSLA." is a correct statement.
50% isn't bad but still not passing.
As the wise Judge Judy says "If you just tell the truth, you don't have to make up stories."
My rule of thumb is to not have more than 5% in a single name so Apple and Microsoft violate that rule within SPY. That is not the case in my portfolio since I am diversified across region, market cap and asset class. There is a world outside the S&P 500. All of this does not change the fact that SPY returned 28% over the last year.
I'm always bargain shopping. Have been since the 90s. Something is always on sale. You have a great holiday and a lovely and prosperous new year.