Desktop Metal (DM) Q4 Revenue Tops Consensus

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Desktop Metal Announces Fourth Quarter and Full Year 2021 Financial Results and Initiates 2022 Guidance

March 8, 2022 8:01 AM EST

Fourth quarter revenue of $56.7 million, up 123% sequentially from the third quarter of 2021, and up 62% sequentially excluding revenue from the ExOne acquisition Fourth quarter GAAP gross margin of 22%; non-GAAP gross margin of 31%, representing the sixth consecutive quarter of gross margin expansion Full year 2021 revenue of $112.4 million, up 583% from 2020 Full year 2021 organic revenue growth from metal offerings up 163% from 2020 Commenced shipments of Production System P-50 with inaugural customer Stanley Black & Decker Initiates full year 2022 revenue guidance of approximately $260 million, representing 131% growth from 2021

BOSTON--(BUSINESS WIRE)-- Desktop Metal, Inc. (NYSE:... More