DM (DM)
Desktop Metal, Inc.
NYSE:DMTechnology · Computer Hardware
Mkt Cap-
Float21.57M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$189.7M
Net Income-$323.27M
Total Assets$458M
Free Cash Flow-$117.76M
Debt & Equity
Debt 37%
Equity 63%
Total Debt$143.62M
Total Equity$241.65M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitJun 11, 202410 shares → 1
Balance Sheet Details
Assets$458M
Liabilities$216.35M
Accounts Receivable$37.69M
Accounts Payable$18.19M
Inventory$82.64M
PP&E (Net)$65.56M
Goodwill$0
Intangible Assets$168.26M
Income Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $189.7M | $209.02M | $112.41M | $16.47M | $34.58M | $1.03M |
| YoY Growth | -9.2% | 86.0% | 582.5% | -52.4% | 3244.5% | - |
| Cost of Revenue | $199.79M | $193.95M | $94.11M | $31.52M | $20.87M | $5.47M |
| Gross Profit | -$10.09M | $15.07M | $18.29M | -$15.05M | $13.71M | -$4.43M |
| Gross Margin | -5.3% | 7.2% | 16.3% | -91.4% | 39.6% | -428.8% |
| Research and Development | $85.1M | $96.88M | $68.13M | $43.14M | $4.71M | $59.61M |
| Selling, General, and Administrative | $106.61M | $151.16M | $126.04M | $33.87M | $30.03M | $23.37M |
| Other | $121.43M | $0 | $0 | $0 | $302K | $0 |
| Total Operating Expenses | $344.29M | $248.03M | $194.16M | $77.01M | $14.54M | $119.24M |
| Operating Income (EBIT) | -$323.22M | -$232.96M | -$175.87M | -$92.06M | -$837K | -$87.41M |
| Operating Margin | -170.4% | -111.5% | -156.5% | -558.9% | -2.4% | -8453.9% |
| Interest Expense | $4.1M | $10.08M | $11.97M | $328K | $503K | $0 |
| Interest Income | $944K | $0 | $0 | $1.01M | $5.95M | $2.34M |
| Other Income (Expense) | -$3.15M | -$10.08M | -$68.55M | $57.1M | $5.45M | $2.27M |
| Income Before Tax (EBT) | -$326.38M | -$741.84M | -$270M | -$91.37M | -$535K | -$121.34M |
| Income Tax Expense | -$3.1M | -$1.5M | -$29.67M | -$940K | $22K | $0 |
| Net Income | -$323.27M | -$740.34M | -$240.33M | -$90.43M | -$557K | -$121.34M |
| Net Income Margin | -170.4% | -354.2% | -213.8% | -549.1% | -1.6% | -11734.9% |
| Supplementary Data | ||||||
| EPS | -10.03 | -23.52 | -9.22 | -5.73 | -0.04 | -73.56 |
| Diluted EPS | -10.03 | -23.52 | -9.22 | -5.73 | -0.04 | -73.56 |
| Weighted Average OS | 32.22M | 31.48M | 26.08M | 15.79M | 15.00M | 1.65M |
| EBITDA | -$268.64M | -$681M | -$233.18M | -$26.04M | -$95.01M | -$83.23M |
| EBITDA Margin | -141.6% | -325.8% | -207.4% | -158.1% | -274.7% | -8049.0% |
Balance Sheet
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $83.84M | $76.29M | $65.02M | $483.52M | $14.87M | $119K |
| Short-Term Investments | $625K | $108.24M | $204.57M | $111.87M | $0 | $0 |
| Cash and Short-Term Investments | $84.47M | $184.53M | $269.59M | $595.39M | $14.87M | $119K |
| Accounts Receivable | $37.69M | $38.91M | $46.91M | $6.52M | $4.52M | $3.06M |
| Inventory | $82.64M | $91.74M | $65.4M | $9.71M | $8.88M | $3.98M |
| Other Current Assets | $2.65M | $11.71M | $3.84M | $480K | $744K | $2.99M |
| Total Current Assets | $216.14M | $336.42M | $400.01M | $612.59M | $30.72M | $106K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $65.56M | $56.27M | $58.71M | $12.16M | $1.72M | $21.35M |
| Goodwill | $0 | $112.95M | $639.3M | $2.25M | $2.25M | $0 |
| Intangible Assets | $168.26M | $219.83M | $261.98M | $9.41M | $3.44M | $788K |
| Long-Term Investments | $2M | $2M | $6.75M | $3.61M | $612K | $450K |
| Deferred Tax Assets | $0 | $56.56M | -$6.75M | -$3.61M | -$874K | $429K |
| Other Long-Term Assets | $6.04M | -$29.68M | $26.59M | $5.49M | $262K | $183K |
| Total Long-Term Assets | $241.86M | $417.93M | $986.59M | $29.32M | $2.31M | $23.2M |
| Other Assets | $1K | $0 | $0 | $0 | $0 | -$128.61M |
| Total Assets | $458M | $754.35M | $1.39B | $641.91M | $33.03M | $326K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $18.19M | $25.11M | $31.56M | $7.59M | $10.23M | $14.57M |
| Short-Term Debt | $0 | $6.31M | $6.35M | $10.86M | $0 | $0 |
| Current Income Tax Payable | $1.32M | $1.05M | $507K | $586K | $464K | $0 |
| Current Unearned Revenue | $5.36M | $25.25M | $32.33M | $4.48M | $3.12M | -$299K |
| Other Current Liabilities | $32.57M | $26.65M | $38.41M | $7.63M | $6.73M | $6.72M |
| Total Current Liabilities | $70.1M | $83.39M | $102.06M | $30.5M | $7.66M | $23.1M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $112.65M | $112.14M | $548K | $0 | $9.97M | $9.95M |
| Long-Term Unearned Revenue | $3.7M | $3.66M | $4.51M | $0 | -$10.54M | $0 |
| Long-Term Deferred Tax Liabilities | $3.52M | $8.43M | $10.7M | $0 | $36K | $0 |
| Other Long-Term Liabilities | $2.81M | $1.36M | $7.35M | $0 | $10.51M | $0 |
| Total Long-Term Liabilities | $146.25M | $143.46M | $36.18M | $2.16M | $13M | $13.52M |
| Other Liabilities | $0 | $0 | $0 | $0 | -$13M | -$36.27M |
| Total Liabilities | $216.35M | $226.84M | $138.25M | $32.66M | $7.66M | $344K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $276.89M |
| Common Stock | $33K | $32K | $31K | $23K | $289.28M | $750 |
| Retained Earnings | -$1.63B | -$1.31B | -$568.61M | -$384.69M | $28.52M | -$44K |
| Comprehensive Income & Other | -$34.66M | -$38.37M | -$6.41M | -$9K | -$3.58M | -$345K |
| Other Stockholders' Equity | $1.87B | $1.84B | $1.82B | $993.92M | -$292.42M | $24K |
| Total Equity | $241.65M | $527.5M | $1.25B | $609.25M | $25.38M | -$19K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $458M | $754.35M | $1.39B | $641.91M | $33.03M | $326K |
| Supplementary Data | ||||||
| Total Debt | $143.62M | $136.32M | $19.98M | $13.02M | $600K | $299K |
| Net Debt | $59.78M | $60.03M | -$45.04M | -$470.51M | -$14.27M | $180K |
Cash Flow Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||
| Net Income | -$323.27M | -$740.34M | -$240.33M | -$90.43M | -$557K | -$44K |
| Depreciation & Amortization | $53.63M | $50.77M | $24.85M | $8.59M | $8.09M | $4.19M |
| Deferred Income Tax | -$3.1M | -$1.5M | -$29.67M | -$940K | -$5.3M | $0 |
| Stock-Based Compensation | $33.18M | $48M | $28.78M | $8.01M | $5.21M | $3M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$1.3M | $6.74M | -$18.02M | -$2.37M | $8K | -$3.06M |
| Inventory | -$19.08M | -$28.18M | -$16.96M | -$1.3M | $144K | -$6.97M |
| Accounts Payable | -$6.89M | -$6.59M | $10.8M | -$2.64M | $726K | $0 |
| Other Working Capital | -$1.64M | -$17.45M | -$11.31M | -$1.89M | -$1.99M | -$4K |
| Total Working Capital Change | -$28.91M | -$45.49M | -$35.5M | -$8.2M | -$1.11M | -$4K |
| Other Non-Cash Items | $153.48M | $507.03M | $96.82M | $2.4M | -$7.34M | $13.27M |
| Net Cash from Operating | -$115M | -$181.53M | -$155.05M | -$80.58M | -$1.01M | -$47K |
| Investing Activities | ||||||
| Capital Expenditures | -$2.76M | -$11.52M | -$28.9M | -$1.43M | -$777K | -$13.97M |
| Acquisitions | -$1.75M | -$23K | -$307.62M | -$5.28M | -$96K | $0 |
| Purchases of Investments | -$4.97M | -$158.4M | -$334.49M | -$139.29M | -$215.58M | $0 |
| Sales of Investments | $116.81M | $251.31M | $243.35M | $109.02M | $196.84M | $0 |
| Other Investing Activities | $9.94M | $206K | $377K | -$30.27M | $18.84M | $52.98M |
| Net Cash from Investing | $117.27M | $81.57M | -$427.29M | -$36.98M | -$777K | $39.01M |
| Financing Activities | ||||||
| Debt Repaid | $419K | -$114.46M | $10M | - | - | -$9.95M |
| Common Stock Issuance | $1.2M | $3.19M | $177.09M | $1.92M | $160.35M | -$133K |
| Common Stock Repurchases | -$250K | -$243K | -$541K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $953K | -$672K | $176.55M | $534.92M | $708K | $35.47M |
| Net Cash from Financing | $534K | $113.79M | $166.55M | $534.92M | $600K | $166K |
| Forex Effect | -$27K | -$167K | -$85K | $612K | -$879K | $0 |
| Net Change in Cash | $2.78M | $13.65M | -$415.88M | $417.98M | -$2.06M | $39.13M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$115M | -$181.53M | -$155.05M | -$80.58M | -$1.01M | -$47K |
| Capital Expenditure | -$2.76M | -$11.52M | -$28.9M | -$1.43M | -$777K | -$13.97M |
| Free Cash Flow | -$117.76M | -$193.05M | -$183.95M | -$82M | -$1.78M | -$14.02M |
| Cash at Beginning | $81.91M | $68.26M | $484.14M | $66.16M | $16.93M | -$39.01M |
| Cash at End | $84.69M | $81.91M | $68.26M | $484.14M | $14.87M | $119K |