Desktop Metal and Evonik Strengthen Collaboration for Advanced 3D Printing Solutions
In a groundbreaking move, Desktop Metal and Evonik have joined forces to enhance their partnership and push the boundaries of additive manufacturing technology. Their latest endeavor involves the qualification of Evonik’s renowned INFINAM® ST 6100 L photopolymer resin for use on the cutting-edge ETEC Xtreme 8K and ETEC Pro XL systems.
This high-performance resin is revered for its unparalleled strength and durability, making it resistant to extreme temperatures, water, chemicals, and UV light. When printed on the ETEC hardware, INFINAM® ST 6100 L proves to be a game-changer for industries such as aerospace, automotive, and electronics, where robust and reliable parts are essential.
The ETEC Xtreme 8K and ETEC Pro XL systems are at the forefront of additive manufacturing, offering large build volumes and exceptional precision at competitive price points. With the integration of Evonik’s advanced resin, these systems are poised to revolutionize the production of molds, models, tooling, and end-use parts.
By combining Desktop Metal’s expertise in Additive Manufacturing 2.0 technologies with Evonik’s innovative materials, this partnership represents a significant leap forward in the realm of 3D printing. The resulting parts boast exceptional mechanical properties and resilience to environmental factors, setting a new standard for quality and performance in the industry.
DM Stock Plummets 9.79% on March 5, 2024: Investors Urged to Stay Informed
On March 5, 2024, DM stock experienced a significant drop in its price performance. According to data from CNN Money, DM is currently trading in the middle of its 52-week range and below its 200-day simple moving average.
The price of DM shares decreased by $0.06 since the market last closed, representing a 9.79% drop. The stock closed at $0.55, and has since dropped an additional $0.01 in pre-market trading.
This decline in stock price may be concerning for investors, as it indicates a lack of positive momentum for DM. The stock is now trading below its 200-day moving average, which could signal a potential downtrend in the near future.
Investors should closely monitor the performance of DM stock in the coming days to see if there are any signs of a reversal in the downward trend. It is important to conduct thorough research and analysis before making any investment decisions, especially in a volatile market environment.
Overall, the performance of DM stock on March 5, 2024, highlights the importance of staying informed and vigilant in the stock market to make well-informed investment decisions.
DM Stock Financial Performance Analysis: Revenue Surges, Net Income Declines
On March 5, 2024, DM stock experienced mixed performances in terms of its financials. According to data from CNN Money, the company reported a total revenue of $209.02 million over the past year, which represented an impressive 85.95% increase compared to the previous year. However, the total revenue for the most recent quarter was $42.75 million, reflecting a 19.77% decrease from the previous quarter.
In terms of net income, DM reported a net loss of $740.34 million over the past year, indicating a significant 208.05% decrease compared to the previous year. However, the net loss for the most recent quarter was $46.37 million, which represented a 6.75% increase from the previous quarter.
Earnings per share (EPS) for DM stock also showed a mixed performance. The EPS over the past year was reported as -$2.35, reflecting a 155.18% decrease compared to the previous year. On the other hand, the EPS for the most recent quarter was -$0.14, indicating a 7.18% increase from the previous quarter.
Overall, the financial performance of DM stock on March 5, 2024, showed a significant increase in total revenue compared to the previous year, but a decrease in net income and EPS. Investors and analysts will likely be closely monitoring the company’s future financial reports to assess its growth and profitability potential.
