Desktop Metal (DM) Misses Q2 EPS by 8c

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Go back to Desktop Metal (DM) Misses Q2 EPS by 8c

Desktop Metal Announces Second Quarter 2021 Financial Results

August 11, 2021 4:22 PM EDT

Revenue up 68% from the first quarter of 2021 to $19.0 million GAAP gross margin of 12%; non-GAAP gross margin of 25% Customer adoption momentum as new customers grew 44% sequentially from the first quarter of 2021 Accelerating metal systems shipments, including strong growth across Production System P-1, Shop System, and Studio System 2 Acquired Aerosint, adding multi-material capabilities to AM 2.0 portfolio Acquired Beacon Bio, adding PhonoGraft biofabrication platform to Desktop Health portfolio Robust liquidity position with cash, cash equivalents and short-term investments of $514.5 million as of June 30, 2021 Desktop Metal enters into definitive agreement... More