Desktop Metal(US:DM)2022-08-13 01:09Company and Industry Overview * Company: Desktop Metal, Inc. (NYSE:DM) * Industry: 3D Printing, Additive Manufacturing * Focus: Binder jetting and area-wide photopolymer printing for mass production * Market: Expected to reach $100 billion by 2030, with Desktop Metal targeting a double-digit share Key Points * Technology and Performance: * Desktop Metal's technology offers significant advantages over legacy manufacturing processes, with throughput over 100 times faster and a doubling of performance every three years. * The company's binder jetting and area-wide photopolymer printing processes are competitive with conventional manufacturing methods. * Desktop Metal's products are used for end-use parts, not just prototyping. * Market Position and Growth: * Desktop Metal has a strong market position, with a leading share in binder jetting, digital casting, printed hydraulics, and printed foams. * The company has a large installed base of over 6,000 customers across various industries, including automotive, consumer electronics, healthcare, and defense. * Organic growth in 2021 was 163%. * Revenue Streams: * Desktop Metal's business model includes recurring revenue streams from consumables, such as proprietary materials and resins. * The company expects to achieve a 50% gross margin range in the long term. * Strategic Initiatives: * Desktop Metal is focused on expanding its recurring revenue streams and increasing its market share. * The company is investing in research and development to continue improving its technology and expanding its material library. * Desktop Metal is working with leading companies and organizations, including BMW, Caterpillar, Tesla, Lockheed Martin, and the Department of Defense, to develop new applications for its technology. Additional Information * Desktop Metal has a strong intellectual property portfolio, with over 650 patents pending and applied for. * The company has a global network of over 250 partners in 65 countries. * Desktop Metal's technology has applications in various industries, including aerospace, automotive, healthcare, and defense. * The company is well-positioned for long-term growth and is targeting $1 billion in revenue by the mid-decade.