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Press release content from Business Wire. The AP news staff was not involved in its creation.

Desktop Metal Announces First Quarter 2021 Financial Results

May 17, 2021 GMT

BOSTON--(BUSINESS WIRE)--May 17, 2021--

Desktop Metal, Inc. (NYSE: DM) today announced its financial results for the first quarter ended March 31, 2021.

“We are pleased with the strong start to the year. Revenue growth accelerated as we captured strong organic momentum and inorganic opportunities,” said Ric Fulop, Founder and CEO of Desktop Metal. “Continued innovation in our core business, coupled with our inorganic strategy, strengthens our ability to grow our product portfolio, expand the high-volume applications we can offer customers, and increase our category leadership. We are well positioned to execute on our long-term growth strategy focused on Additive Manufacturing 2.0 for high-volume, end-use parts.”

First Quarter 2021 and Recent Business Highlights:

  • Expanded materials portfolio to over 225 materials across metals, composites, polymers, ceramics, biocompatible materials, and now wood and elastomers
  • Accelerated customer adoption, adding more customers in the first quarter of 2021 than all of 2020 combined
  • Introduced Forust process for high-volume, printed wood parts leveraging existing metal binder jetting printer technology
  • Launched Flexcera as the first major product line for dental applications from Desktop Health and received FDA 510(k) clearance for Flexcera Base
  • Acquired Adaptive3D, a category-leader in printable elastomers and rubber materials, adding to our growing materials portfolio
  • Closed EnvisionTEC acquisition and began shipping two new area-wide photopolymer printers: the Xtreme 8K and Envision One HT
  • Completed redemption of all outstanding public warrants in first quarter of 2021 to streamline capital structure and enhance cash position, contributing $170.7 million to our cash position
  • Grew Desktop Metal team to over 470 employees today, up from 180 employees in May 2020

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First Quarter 2021 Financial Highlights:

  • Revenue of $11.3 million, up 35% from the fourth quarter of 2020 and up 234% from the first quarter of 2020
  • Net Loss of $59.1 million, including the non-cash negative change in fair value of warrant liability of $56.6 million and an income tax benefit of $27.9 million
  • Non-GAAP Gross Profit of $0.6 million, an improvement of $3.3 million from the first quarter of 2020
  • Adjusted EBITDA of $(19.4) million
  • Strong liquidity position with cash, cash equivalents and short-term investments of $572.2 million as of March 31, 2021

Outlook for Full Year 2021:

  • Reiterating expectation of over $100 million of revenue for 2021, exiting the year with an annualized revenue run rate of $160 million
  • Adjusted EBITDA in the range of $(60)–(70) million

Conference Call Information:

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Desktop Metal will host a conference call on May 17, 2021 at 4:30 p.m. EDT to discuss first quarter 2021 results. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the Desktop Metal financial results conference call. A simultaneous webcast of the conference call and the accompanying summary presentation may be accessed online from a link in the Events & Presentations section of https://ir.desktopmetal.com. A replay will be available shortly after the conclusion of the conference call at the same website.

About Desktop Metal

Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make additive manufacturing an essential tool for engineers and manufacturers around the world. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum and named to MIT Technology Review’s list of 50 Smartest Companies.

For more information, visit www.desktopmetal.com.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statement generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to the risks and uncertainties set forth in Desktop Metal, Inc.’s filings with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Desktop Metal, Inc. assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

 

DESKTOP METAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(in thousands, except share and per share amounts)

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

2021

 

2020

Assets

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Cash and cash equivalents

 

$

416,379

 

 

$

483,525

 

Short-term investments

 

 

155,847

 

 

 

111,867

 

Restricted cash

 

 

1,021

 

 

 

 

Accounts receivable

 

 

9,234

 

 

 

6,516

 

Inventory

 

 

20,837

 

 

 

9,708

 

Prepaid expenses and other current assets

 

 

18,657

 

 

 

976

 

Total current assets

 

 

621,975

 

 

 

612,592

 

Restricted cash

 

 

776

 

 

 

612

 

Property and equipment, net

 

 

12,331

 

 

 

12,160

 

Capitalized software, net

 

 

268

 

 

 

312

 

Goodwill

 

 

201,308

 

 

 

2,252

 

Intangible assets, net

 

 

144,103

 

 

 

9,102

 

Other noncurrent assets

 

 

6,826

 

 

 

4,879

 

Total Assets

 

$

987,587

 

 

$

641,909

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

Accounts payable

 

$

5,227

 

 

$

7,591

 

Customer deposits

 

 

2,792

 

 

 

1,480

 

Current portion of lease liability

 

 

1,639

 

 

 

868

 

Accrued expenses and other current liabilities

 

 

15,324

 

 

 

7,565

 

Deferred revenue

 

 

3,405

 

 

 

3,004

 

Current portion of long-term debt, net of deferred financing costs

 

 

11,019

 

 

 

9,991

 

Total current liabilities

 

 

39,406

 

 

 

30,499

 

Warrant liability

 

 

 

 

 

93,328

 

Long-term debt, net of deferred financing costs

 

 

163

 

 

 

 

Lease liability, net of current portion

 

 

3,248

 

 

 

2,157

 

Deferred tax liability

 

 

5,206

 

 

 

 

Total liabilities

 

 

48,023

 

 

 

125,984

 

Commitments and Contingencies

 

 

 

 

 

 

Stockholders’ Equity

 

 

 

 

 

 

Preferred Stock, $0.0001 par value—authorized, 50,000,000 shares; no shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively

 

 

 

 

 

 

Common Stock, $0.0001 par value—500,000,000 shares authorized; 252,660,102 and 226,756,733 shares issued at March 31, 2021 and December 31, 2020, respectively, 252,436,919 and 224,626,597 shares outstanding at March 31, 2021 and December 31, 2020, respectively

 

 

25

 

 

 

23

 

Additional paid-in capital

 

 

1,326,945

 

 

 

844,188

 

Accumulated deficit

 

 

(387,385

)

 

 

(328,277

)

Accumulated other comprehensive income (loss)

 

 

(21

)

 

 

(9

)

Total Stockholders’ Equity

 

 

939,564

 

 

 

515,925

 

Total Liabilities and Stockholders’ Equity

 

$

987,587

 

 

$

641,909

 

 

DESKTOP METAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2021

 

2020

Revenues

 

 

 

 

 

 

Products

 

$

10,311

 

 

$

2,694

 

Services

 

 

1,002

 

 

 

691

 

Total revenues

 

 

11,313

 

 

 

3,385

 

Cost of sales

 

 

 

 

 

 

Products

 

 

10,487

 

 

 

5,041

 

Services

 

 

1,413

 

 

 

1,163

 

Total cost of sales

 

 

11,900

 

 

 

6,204

 

Gross margin

 

 

(587

)

 

 

(2,819

)

Operating expenses

 

 

 

 

 

 

Research and development

 

 

10,858

 

 

 

12,340

 

Sales and marketing

 

 

5,449

 

 

 

4,494

 

General and administrative

 

 

13,846

 

 

 

2,625

 

Total operating expenses

 

 

30,153

 

 

 

19,459

 

Loss from operations

 

 

(30,740

)

 

 

(22,278

)

Change in fair value of warrant liability

 

 

(56,576

)

 

 

 

Interest expense

 

 

(73

)

 

 

(104

)

Interest and other income, net

 

 

361

 

 

 

578

 

Loss before income taxes

 

 

(87,028

)

 

 

(21,804

)

Income tax benefit

 

 

27,920

 

 

 

 

Net loss

 

$

(59,108

)

 

$

(21,804

)

Net loss per share—basic and diluted

 

$

(0.25

)

 

$

(0.14

)

 

DESKTOP METAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

(in thousands)

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2021

 

2020

Net loss

 

$

(59,108

)

 

$

(21,804

)

Other comprehensive (loss) income, net of taxes:

 

 

 

 

 

 

Unrealized gain (loss) on available-for-sale marketable securities, net

 

 

1

 

 

 

(159

)

Foreign currency translation adjustment

 

 

(13

)

 

 

 

Total comprehensive loss, net of taxes of $0

 

$

(59,120

)

 

$

(21,963

)

 

DESKTOP METAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(UNAUDITED)

(in thousands, except share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

Common Stock

 

Additional

 

 

 

 

Comprehensive

 

Total

 

 

Voting

 

Paid-in

 

Accumulated

 

(Loss)

 

Stockholders’

 

 

Shares

 

Amount

 

Capital

 

Deficit

 

Income

 

Equity

BALANCE—January 1, 2021

 

224,626,597

 

 

$

23

 

$

844,188

 

 

$

(328,277

)

 

$

(9

)

 

$

515,925

 

Exercise of Common Stock options

 

163,228

 

 

 

 

 

180

 

 

 

 

 

 

 

 

 

180

 

Vesting of restricted Common Stock

 

56,015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vesting of restricted stock units

 

15,265

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Repurchase of shares for employee tax withholdings

 

(2,241

)

 

 

 

 

(54

)

 

 

 

 

 

 

 

 

(54

)

Issuance of Common Stock for acquisitions

 

5,036,142

 

 

 

 

 

159,847

 

 

 

 

 

 

 

 

 

159,847

 

Stock-based compensation expense

 

 

 

 

 

 

2,217

 

 

 

 

 

 

 

 

 

2,217

 

Vesting of Trine Founder shares

 

1,850,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise of warrants

 

20,690,975

 

 

 

2

 

 

320,567

 

 

 

 

 

 

 

 

 

320,569

 

Net loss

 

 

 

 

 

 

 

 

 

(59,108

)

 

 

 

 

 

(59,108

)

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

(12

)

 

 

(12

)

BALANCE—March 31, 2021

 

252,436,919

 

 

$

25

 

$

1,326,945

 

 

$

(387,385

)

 

$

(21

)

 

$

939,564

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

Legacy Convertible

 

 

Common Stock

 

Additional

 

 

 

 

Comprehensive

 

Total

 

 

Preferred Stock

 

 

Voting

 

Paid-in

 

Accumulated

 

(Loss)

 

Stockholders’

 

 

Shares

 

Amount

 

 

Shares

 

Amount

 

Capital

 

Deficit

 

Income

 

Equity

BALANCE—January 1, 2020

 

100,038,109

 

 

$

436,533

 

 

 

26,813,113

 

$

3

 

$

16,722

 

$

(294,262

)

 

$

75

 

 

$

(277,462

)

Retroactive application of recapitalization

 

(100,038,109

)

 

 

(436,533

)

 

 

128,100,821

 

 

13

 

 

436,520

 

 

 

 

 

 

 

 

436,533

 

Adjusted balance, beginning of period

 

 

 

 

 

 

 

154,913,934

 

 

16

 

 

453,242

 

 

(294,262

)

 

 

75

 

 

 

159,071

 

Exercise of Common Stock options

 

 

 

 

 

 

 

286,636

 

 

 

 

132

 

 

 

 

 

 

 

 

132

 

Vesting of restricted Common Stock

 

 

 

 

 

 

 

1,750,555

 

 

 

 

2

 

 

 

 

 

 

 

 

2

 

Stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

1,259

 

 

 

 

 

 

 

 

1,259

 

Common Stock warrants issued

 

 

 

 

 

 

 

 

 

 

 

124

 

 

 

 

 

 

 

 

124

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

(21,804

)

 

 

 

 

 

(21,804

)

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(159

)

 

 

(159

)

BALANCE—March 31, 2020

 

 

 

$

 

 

 

156,951,125

 

$

16

 

$

454,759

 

$

(316,066

)

 

$

(84

)

 

$

138,625

 

 

DESKTOP METAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(in thousands)

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

2021

 

2020

Cash flows from operating activities:

 

 

 

 

 

 

Net loss

 

$

(59,108

)

 

$

(21,804

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

Depreciation and amortization

 

 

3,892

 

 

 

2,321

 

Stock-based compensation

 

 

2,217

 

 

 

1,259

 

Change in fair value of warrant liability

 

 

56,576

 

 

 

 

Expense related to Common Stock warrants issued

 

 

 

 

 

124

 

Amortization (accretion) of discount on investments

 

 

406

 

 

 

(22

)

Amortization of debt financing cost

 

 

4

 

 

 

4

 

Provision for bad debt

 

 

72

 

 

 

 

Net increase in accrued interest related to marketable securities

 

 

(240

)

 

 

(124

)

Net unrealized (gain) loss on marketable securities

 

 

(25

)

 

 

 

Deferred tax benefit

 

 

(27,921

)

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

Accounts receivable

 

 

(61

)

 

 

752

 

Inventory

 

 

(2,381

)

 

 

(3,238

)

Prepaid expenses and other current assets

 

 

(4,276

)

 

 

393

 

Other assets

 

 

(30

)

 

 

 

Accounts payable

 

 

(3,856

)

 

 

(989

)

Accrued expenses and other current liabilities

 

 

(5,247

)

 

 

(976

)

Customer deposits

 

 

(1,234

)

 

 

285

 

Deferred revenue

 

 

105

 

 

 

(339

)

Change in right of use assets and lease liabilities, net

 

 

(22

)

 

 

(80

)

Net cash used in operating activities

 

 

(41,129

)

 

 

(22,434

)

Cash flows from investing activities:

 

 

 

 

 

 

Purchases of property and equipment

 

 

(262

)

 

 

(1,004

)

Purchase of marketable securities

 

 

(92,386

)

 

 

(17,616

)

Proceeds from sales and maturities of marketable securities

 

 

48,241

 

 

 

49,300

 

Cash paid for acquisition, net of cash acquired

 

 

(137,646

)

 

 

 

Net cash (used in) provided by investing activities

 

 

(182,053

)

 

 

30,680

 

Cash flows from financing activities:

 

 

 

 

 

 

Payment of issuance costs related to reverse recapitalization

 

 

(1,239

)

 

 

 

Proceeds from the exercise of stock warrants

 

 

158,308

 

 

 

 

Payment of taxes related to net share settlement of upon vesting of restricted stock units

 

 

(54

)

 

 

 

Proceeds from exercise of stock options

 

 

180

 

 

 

132

 

Net cash provided by financing activities

 

 

157,195

 

 

 

132

 

Net (decrease) increase in cash, cash equivalents, and restricted cash

 

 

(65,987

)

 

 

8,378

 

Effect of exchange rate changes

 

 

26

 

 

 

 

Cash and cash equivalents at beginning of period

 

 

483,525

 

 

 

66,161

 

Restricted cash

 

 

612

 

 

 

612

 

Cash, cash equivalents, and restricted cash at end of period

 

$

418,176

 

 

$

75,151

 

 

 

 

 

 

 

 

Supplemental cash flow information:

 

 

 

 

 

 

Interest paid

 

$

73

 

 

$

107

 

 

 

 

 

 

 

 

Non-cash investing and financing activities:

 

 

 

 

 

 

Net unrealized (gain) loss on investments

 

$

(1

)

 

$

159

 

Exercise of private placement warrants

 

$

149,904

 

 

$

 

Common Stock issued for acquisitions

 

$

159,847

 

 

$

 

Additions to right of use assets and lease liabilities

 

$

364

 

 

$

 

Purchase of property and equipment included in accounts payable

 

$

50

 

 

$

 

Receivable for warrants exercised

 

$

12,357

 

 

$

 

NON-GAAP FINANCIAL INFORMATION

This press release contains non-GAAP financial measures, including Non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, EBITDA and Adjusted EBITDA.

  • We define Non-GAAP gross margin as GAAP gross margin excluding the effect of stock-based compensation, amortization of acquired intangible assets, acquisition-related and other transactional charges included in general and administrative expenses and change in fair value of warrant liability
  • We define Non-GAAP operating loss as GAAP operating loss excluding the effect of stock-based compensation, amortization of acquired intangible assets, acquisition-related and other transactional charges included in general and administrative expenses and change in fair value of warrant liability
  • We define Non-GAAP net loss as GAAP net loss excluding the effect of stock-based compensation, amortization of acquired intangible assets, acquisition-related and other transactional charges included in general and administrative expenses and change in fair value of warrant liability
  • We define EBITDA as GAAP net income (loss) excluding interest, income taxes and depreciation and amortization expense
  • We define Adjusted EBITDA as EBITDA excluding stock based compensation, warrant expenses and transaction costs associated with acquisitions

In addition to Desktop Metal’s results determined in accordance with GAAP, Desktop Metal’s management uses this non-GAAP financial information to evaluate the Company’s ongoing operations and for internal planning and forecasting purposes. We believe that this non-GAAP financial information, when taken collectively, may be helpful to investors in assessing Desktop Metal’s operating performance.

We believe that the use of Non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, EBITDA and Adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends because it eliminates the effect of financing, capital expenditures, and non-cash expenses such as stock-based compensation and warrants, and provides investors with a means to compare Desktop Metal’s financial measures with those of comparable companies, which may present similar non-GAAP financial measures to investors. However, investors should be aware that when evaluating Non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, EBITDA and Adjusted EBITDA, we may incur future expenses similar to those excluded when calculating these measures. In addition, our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Our computation of these measures, may not be comparable to other similarly titled measures computed by other companies because not all companies calculate these measures in the same fashion.

Because of these limitations, Non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, EBITDA and Adjusted EBITDA should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on our GAAP results and using Non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, EBITDA and Adjusted EBITDA on a supplemental basis. Management uses, and investors should consider, our non-GAAP financial measures only in conjunction with our GAAP results.

Set forth below is a reconciliation of each Non-GAAP financial measure used in this press release to its most directly comparable GAAP financial measure.

 

DESKTOP METAL, INC.

NON-GAAP RECONCILIATION TABLE

(in thousands)

 

 

 

For the Three Months Ended

 

 

March 31,

(Dollars in thousands)

 

2021

 

2020

GAAP gross margin

 

$

(587

)

 

$

(2,819

)

Stock-based compensation included in cost of sales

 

 

117

 

 

 

100

 

Amortization of acquired intangible assets included in cost of sales

 

 

1,091

 

 

 

 

Non-GAAP gross margin

 

$

621

 

 

$

(2,719

)

 

 

 

 

 

 

 

GAAP operating loss

 

$

(30,740

)

 

$

(22,278

)

Stock-based compensation

 

 

2,217

 

 

 

1,259

 

Amortization of acquired intangible assets included in cost of sales

 

 

1,091

 

 

 

 

Amortization of acquired intangibles assets

 

 

1,208

 

 

 

164

 

Acquisition-related and other transactional charges included in general and administrative expenses

 

 

4,984

 

 

 

 

Non-GAAP operating loss

 

$

(21,240

)

 

$

(20,855

)

 

 

 

 

 

 

 

GAAP net loss

 

$

(59,108

)

 

$

(21,804

)

Stock-based compensation

 

 

2,217

 

 

 

1,259

 

Amortization of acquired intangible assets included in cost of sales

 

 

1,091

 

 

 

 

Amortization of acquired intangibles assets

 

 

1,208

 

 

 

164

 

Acquisition-related and other transactional charges included in general and administrative expenses

 

 

4,984

 

 

 

 

Change in fair value of warrant liability

 

 

56,576

 

 

 

 

Non-GAAP net loss

 

$

6,968

 

 

$

(20,381

)

 

DESKTOP METAL, INC.

ADJUSTED EBITDA RECONCILIATION TABLE

(in thousands)

 

 

 

For the Three Months Ended

 

 

March 31,

(Dollars in thousands)

 

2021

 

2020

Net loss attributable to common stockholders

 

$

(59,108

)

 

$

(21,804

)

Interest (income) expense, net

 

 

(42

)

 

 

(478

)

Income tax benefit

 

 

(27,920

)

 

 

 

Depreciation and amortization

 

 

3,892

 

 

 

2,321

 

EBITDA

 

 

(83,178

)

 

 

(19,961

)

Change in fair value of warrant liability

 

 

56,576

 

 

 

 

Stock compensation expense

 

 

2,217

 

 

 

1,259

 

Warrant expense

 

 

 

 

 

139

 

Transaction costs associated with acquisitions

 

 

4,984

 

 

 

 

Adjusted EBITDA

 

$

(19,401

)

 

$

(18,563

)

 

View source version on businesswire.com:https://www.businesswire.com/news/home/20210517005875/en/

CONTACT: Investor Relations

Jay Gentzkow

(781) 730-2110

jaygentzkow@desktopmetal.com

Press Contact

Lynda McKinney

(978) 224-1282

lyndamckinney@desktopmetal.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: ENGINEERING CHEMICALS/PLASTICS TECHNOLOGY MANUFACTURING OTHER TECHNOLOGY OTHER MANUFACTURING STEEL

SOURCE: Desktop Metal, Inc.

Copyright Business Wire 2021.

PUB: 05/17/2021 04:05 PM/DISC: 05/17/2021 04:06 PM

http://www.businesswire.com/news/home/20210517005875/en