Desktop Metal Inc. | Micro-cap | Technology
$2.73
-0.73%
| Desktop Metal Stock Comparison:
Desktop Metal vs Arista NetworksDesktop Metal vs Dell TechnologiesDesktop Metal vs 3D SystemsDesktop Metal vs ZspaceDesktop Metal vs Markforged HoldingDesktop Metal vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Sep 2024

Income Metrics

Revenue 36.4M
Gross Profit 3.2M 8.68%
Operating Income -33.7M -92.63%
Net Income -35.4M -97.37%

Balance Sheet Metrics

Total Assets 273.7M
Total Liabilities 201.3M
Shareholders Equity 72.3M
Debt to Equity 2.78

Cash Flow Metrics

Operating Cash Flow -18.7M
Free Cash Flow -16.1M

Revenue & Profitability Trend

Desktop Metal Income Statement From 2019 to 2023

Metric20232022202120202019
Revenue i189.7M209.0M112.4M16.5M26.4M
Cost of Goods Sold i199.8M194.0M94.1M31.5M50.8M
Gross Profit i-10.1M15.1M18.3M-15.0M-24.4M
Gross Margin % i-5.3%7.2%16.3%-91.4%-92.1%
Operating Expenses
Research & Development i85.1M96.9M68.1M43.1M54.7M
Selling, General & Administrative i106.6M151.2M126.0M33.9M30.0M
Other Operating Expenses i-----
Total Operating Expenses i191.7M248.0M194.2M77.0M84.7M
Operating Income i-201.8M-233.0M-175.9M-92.1M-109.0M
Operating Margin % i-106.4%-111.5%-156.5%-558.9%-412.4%
Non-Operating Items
Interest Income i944.0K--1.0M6.0M
Interest Expense i4.1M10.1M12.0M328.0K503.0K
Other Non-Operating Income-121.4M-498.8M-82.2M56.4M-
Pre-tax Income i-326.4M-741.8M-270.0M-35.0M-103.6M
Income Tax i-3.1M-1.5M-29.7M-940.0K0
Effective Tax Rate % i0.0%0.0%0.0%0.0%0.0%
Net Income i-323.3M-740.3M-240.3M-34.0M-103.6M
Net Margin % i-170.4%-354.2%-213.8%-206.5%-391.8%
Key Metrics
EBITDA i-147.2M-182.2M-151.0M-82.5M-95.0M
EPS (Basic) i$-10.00$-23.50$-9.20$-2.20$-0.02
EPS (Diluted) i$-10.00$-23.50$-9.20$-2.20$-0.02
Basic Shares Outstanding i3221960031481700260770001579060022462659
Diluted Shares Outstanding i3221960031481700260770001579060022462659

Income Statement Trend

Desktop Metal Balance Sheet From 2019 to 2023

Metric20232022202120202019
Assets
Current Assets
Cash & Equivalents i83.8M76.3M65.0M483.5M66.2M
Short-term Investments i625.0K108.2M204.6M111.9M84.8M
Accounts Receivable i37.7M38.5M46.7M6.5M4.5M
Inventory i82.6M91.7M65.4M9.7M8.4M
Other Current Assets2.4M6.8M1.5M480.0K482.0K
Total Current Assets i216.1M336.4M402.0M612.6M165.7M
Non-Current Assets
Property, Plant & Equipment i78.4M72.9M62.7M17.3M15.2M
Goodwill i168.3M445.7M1.5B13.9M7.9M
Intangible Assets i168.3M219.8M262.0M9.4M3.4M
Long-term Investments-----
Other Non-Current Assets5.6M4.2M1.7M612.0K2.9M
Total Non-Current Assets i241.9M417.9M986.6M29.3M27.0M
Total Assets i458.0M754.3M1.4B641.9M192.7M
Liabilities
Current Liabilities
Accounts Payable i18.2M25.1M31.6M7.6M10.2M
Short-term Debt i7.7M6.3M6.4M10.9M806.0K
Current Portion of Long-term Debt-----
Other Current Liabilities5.0M3.9M4.1M605.0K687.0K
Total Current Liabilities i70.1M83.4M104.1M30.5M20.6M
Non-Current Liabilities
Long-term Debt i136.2M130.0M13.6M2.2M13.0M
Deferred Tax Liabilities i3.5M8.4M10.7M0-
Other Non-Current Liabilities2.0M325.0K6.3M--
Total Non-Current Liabilities i146.2M143.5M36.2M95.5M13.0M
Total Liabilities i216.3M226.8M140.2M126.0M33.6M
Equity
Common Stock i33.0K32.0K31.0K23.0K16.0K
Retained Earnings i-1.6B-1.3B-568.6M-328.3M-294.3M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i241.7M527.5M1.2B515.9M159.1M
Key Metrics
Total Debt i144.0M136.3M20.0M13.0M13.8M
Working Capital i146.0M253.0M297.9M582.1M145.1M

Balance Sheet Composition

Desktop Metal Cash Flow Statement From 2019 to 2023

Metric20232022202120202019
Operating Activities
Net Income i-323.3M-740.3M-240.3M-34.0M-103.6M
Depreciation & Amortization i53.6M50.8M24.9M8.6M8.1M
Stock-Based Compensation i33.2M48.0M28.8M8.0M5.2M
Working Capital Changes i-36.1M-36.7M-18.1M-6.7M-9.6M
Operating Cash Flow i-274.4M-680.0M-207.2M-25.1M-100.0M
Investing Activities
Capital Expenditures i7.2M-11.5M-7.6M-1.4M-6.9M
Acquisitions i-1.8M-23.0K-307.6M-5.3M-96.0K
Investment Purchases i-5.0M-158.4M-334.5M-139.3M-215.6M
Investment Sales i116.8M251.3M243.3M109.0M196.8M
Investing Cash Flow i117.3M81.6M-406.1M-37.0M-25.7M
Financing Activities
Share Repurchases i-----
Dividends Paid i-----
Debt Issuance i0115.0M05.4M0
Debt Repayment i-419.0K-542.0K-10.0M-5.4M0
Financing Cash Flow i-669.0K110.6M-10.5M534.6M159.6M
Free Cash Flow i-117.8M-193.0M-184.0M-82.0M-104.4M
Net Change in Cash i-157.8M-487.8M-623.8M472.6M34.0M

Cash Flow Trend

Desktop Metal Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -0.50
Forward P/E -7.52
Price to Book 2.28
Price to Sales 0.98
PEG Ratio -7.52

Profitability Ratios

Profit Margin -217.20%
Operating Margin -86.98%
Return on Equity -152.96%
Return on Assets -24.09%

Financial Health

Current Ratio 2.34
Debt to Equity 193.38
Beta 0.18

Per Share Data

EPS (TTM) $-11.15
Book Value per Share $2.17
Revenue per Share $5.12

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
dm165.4M-0.502.28-152.96%-217.20%193.38
Arista Networks 182.9B56.8416.7733.64%40.90%0.00
Dell Technologies 95.4B20.55-34.33-331.07%4.77%-10.67
3D Systems 433.6M-1.611.66-46.16%-35.05%80.54
Zspace 27.3M0.86-1.04-153.35%-42.64%-0.81
Markforged Holding 98.3M-1.121.13-68.97%-100.56%37.74

Financial data is updated regularly. All figures are in the company's reporting currency.