The technology is being adopted by major Fortune companies and initial systems will begin shipping commercially in Q1 In the plastic world, the majority of 3D printing is done by engineers in the office. The Studio System is now shipping in volume and available through a global sales network of more than 85 sales partners in 48 countries. This new funding will fuel the continued development of our metal 3D printing technology and rich product roadmap, the scaling of operations to meet a growing demand of orders, and the financing of major new research and development initiatives.
Combined, this will set us on a trajectory to become a global leader in metal 3D printing, a key pillar of Industry 4. Additional investors in the Series E funding round include new investor Riot Ventures, a venture capital firm that invests in early and growth stage deep technology companies, GV formerly Google Ventures , Panasonic, and Techtronic Industries, as well as previous venture capital investors in the company, including Lux Capital, New Enterprise Associates NEA and Kleiner Perkins.
Desktop Metal, Inc. ET, despite the company reporting first-quarter revenue ahead of expectations. The problem: Desktop Metal also reported earnings way below expectations. Desktop Metal said it needs the extra cash to fund "working capital expenditures and for other general corporate purposes" -- and I fear that's the other bad news today. Raising more cash now, before it's technically needed, may be the right financial move.
But it still serves as a reminder that Desktop Metal is not yet a viable, cash-generating business. I'm afraid that's as good a reason as any to sell the stock today. Cost basis and return based on previous market day close. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of Discounted offers are only available to new members. Calculated by Time-Weighted Return since Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
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|Desktop metal investment||Learn More. The continued support of our investors underscores the power of our metal 3D printing solutions to help engineers and manufacturers, for the first time, apply metal 3D printing for the entire product development lifecycle - from prototyping to cost effectively mass producing complex metal parts. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Founded in by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Desktop Metal, Inc. Desktop Metal beats on sales in Q4, and promises more beats to come.|
|Desktop metal investment||View Premium Services. Calculated by Time-Weighted Return since Desktop Metal, Inc. Stock Advisor Returns. Join Stock Advisor. This new funding will fuel the continued development of our metal 3D printing technology and rich product roadmap, the scaling of operations to meet a growing demand of orders, and the financing of major new research and development initiatives.|
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Desktop Metal, the company committed to making metal 3D printing accessible to manufacturers and engineers, today announced $65 million in new financing led by. Desktop Metal is pioneering a new generation of additive manufacturing technologies focused on the production of end-use parts. We offer a portfolio of. Desktop Metal today announced the closing of a $ million funding round, led by Koch Disruptive Technologies (KDT), to advance the global commercialization of.