Desktop Metal Inc is a pioneering company that specializes in providing advanced manufacturing solutions through the use of 3D printing technology
Focused on metal additive manufacturing, the company develops innovative systems and materials that enable the efficient production of complex metal parts across a range of industries, including aerospace, automotive, and healthcare. With a commitment to accelerating the adoption of 3D printing, Desktop Metal aims to enhance manufacturing processes by offering more sustainable and cost-effective alternatives to traditional manufacturing methods, thereby enabling businesses to innovate and optimize their production capabilities.
Shares of 3D printing company Desktop Metal (NYSE:DM) jumped 115% in the pre-market session after a court ruled in its favor in its litigation against Nano Dimension relating to the pending merger between both companies.
What a brutal six months it’s been for Desktop Metal. The stock has dropped 46.3% and now trades at $2.42, rattling many shareholders. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 6% over the past six months. This drawdown was disappointing since the S&P 500 stood firm.
Desktop Metal has gotten torched over the last six months - since August 2024, its stock price has dropped 36.3% to $2.62 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Desktop Metal (NYSE:DM) and the rest of the custom parts manufacturing stocks fared in Q2.
Desktop Metal stock is trading higher on Friday after the company announced that the Delaware Court of Chancery granted the company's motion for an expedited trial in its lawsuit against Nano Dimension.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the custom parts manufacturing industry, including Desktop Metal (NYSE:DM) and its peers.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the custom parts manufacturing stocks, including 3D Systems (NYSE:DDD) and its peers.
Let’s dig into the relative performance of Stratasys (NASDAQ:SSYS) and its peers as we unravel the now-completed Q2 custom parts manufacturing earnings season.
Nano Dimension reports Q2 revenues of $14.99 million, up from $14.74 million a year ago. Adjusted gross profit declined. The company recently acquired Desktop Metal.
Nano Dimension Ltd. (NASDAQ: NNDM) shares traded higher on Wednesday after the company announced preliminary second-quarter results and a strategic acquisition of Desktop Metal.
