DM · Desktop Metal, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $36.41M | $38.93M | $40.60M | - | $42.75M | $53.29M | $41.32M | - | $47.09M | $57.67M |
| Cost of Revenue | $33.24M | $71.12M | $42.81M | - | $40.83M | $47.20M | $42.68M | - | $47.40M | $49.28M |
| Gross Profit | $3.16M | ($32.19M) | ($2.21M) | - | $1.92M | $6.09M | ($1.36M) | - | ($309.0K) | $8.40M |
| R&D | $11.50M | $17.14M | $19.81M | - | $20.45M | $21.22M | $23.14M | - | $22.38M | $31.37M |
| SG&A | $17.33M | $26.19M | $16.22M | - | $9.53M | $22.94M | $18.20M | - | $18.92M | $19.69M |
| Total Operating Expenses | $36.88M | $69.14M | $47.18M | - | $47.04M | $54.61M | $50.95M | - | $57.51M | $300.97M |
| D&A | $1.60M | $5.90M | $24.18M | - | $2.90M | $3.00M | $13.43M | - | - | - |
| Operating Income | ($33.72M) | ($101.33M) | ($49.39M) | - | ($45.12M) | ($48.52M) | ($52.32M) | - | ($57.82M) | ($292.57M) |
| Interest Expense | $1.35M | $1.35M | $1.93M | - | $1.98M | $987.0K | $1.91M | - | - | - |
| Income Tax | $264.0K | $345.0K | ($198.0K) | - | ($141.0K) | $23.0K | ($557.0K) | - | $598.0K | ($944.0K) |
| Net Income | ($35.45M) | ($103.44M) | ($52.10M) | - | ($46.37M) | ($49.73M) | ($52.64M) | - | ($60.77M) | ($297.27M) |
| EPS - Basic | ($1.07) | ($3.13) | ($0.16) | - | ($0.14) | ($0.15) | ($0.16) | - | ($0.19) | ($0.95) |
| EPS - Diluted | ($1.07) | ($3.13) | ($0.16) | - | ($0.14) | ($0.15) | ($0.16) | - | ($0.19) | ($0.95) |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.62M | $45.85M | $65.56M | $83.84M | $107.43M | $121.66M | $101.25M | $76.29M | $66.99M | $107.97M |
| Accounts Receivable | $22.80M | $29.51M | $35.42M | $37.69M | $40.09M | $41.23M | $35.60M | $38.48M | $41.39M | $37.29M |
| Inventory | $80.85M | $84.00M | $83.10M | $82.64M | $107.20M | $100.33M | $98.22M | $91.74M | $91.22M | $88.61M |
| Accounts Payable | $14.32M | $18.09M | $18.33M | $18.19M | $32.11M | $25.04M | $21.99M | $25.11M | $29.21M | $29.31M |
| Current Assets | $143.44M | $169.85M | $197.32M | $216.14M | $281.35M | $287.02M | $316.16M | $336.42M | $372.72M | $405.88M |
| Total Assets | $273.69M | $306.49M | $412.03M | $458.00M | $644.26M | $677.10M | $714.19M | $754.35M | $1.05B | $1.11B |
| Current Liabilities | $61.19M | $65.45M | $69.79M | $70.10M | $90.96M | $82.16M | $83.46M | $83.39M | $98.31M | $94.02M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $201.34M | $206.65M | $214.69M | $216.35M | $238.69M | $232.64M | $228.62M | $226.84M | $244.60M | $240.01M |
| Stockholders' Equity | $72.35M | $99.84M | $197.34M | $241.65M | $405.57M | $444.46M | $485.57M | $527.50M | $806.75M | $871.14M |
| Retained Earnings | ($1.82B) | ($1.79B) | ($1.68B) | ($1.63B) | ($1.46B) | ($1.41B) | ($1.36B) | ($1.31B) | ($996.60M) | ($935.83M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($17.41M) | - | - | - | ($37.35M) | - | - | - |
| Investing Cash Flow | - | - | ($93.0K) | - | - | - | $61.43M | - | - | - |
| Financing Cash Flow | - | - | ($407.0K) | - | - | - | $248.0K | - | - | - |
| CapEx | - | - | $93.0K | - | - | - | $1.01M | - | - | - |
| Free Cash Flow | - | - | ($17.50M) | - | - | - | ($38.36M) | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 8.7% | -82.7% | -5.4% | - | 4.5% | 11.4% | -3.3% | - | -0.7% | 14.6% |
| Operating margin | -92.6% | -260.3% | -121.6% | - | -105.5% | -91.1% | -126.6% | - | -122.8% | -507.3% |
| EBITDA margin | -88.2% | -245.1% | -62.1% | - | -98.8% | -85.4% | -94.1% | - | - | - |
| Net margin | -97.4% | -265.7% | -128.3% | - | -108.5% | -93.3% | -127.4% | - | -129.1% | -515.4% |
| Free cash flow margin | - | - | -43.1% | - | - | - | -92.8% | - | - | - |
| FCF / Net income | - | - | 0.34 | - | - | - | 0.73 | - | - | - |
| R&D / Revenue | 31.6% | 44.0% | 48.8% | - | 47.8% | 39.8% | 56.0% | - | 47.5% | 54.4% |
| SG&A / Revenue | 47.6% | 67.3% | 39.9% | - | 22.3% | 43.1% | 44.1% | - | 40.2% | 34.1% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -13.0% | -33.7% | -12.6% | - | -7.2% | -7.3% | -7.4% | - | -5.8% | -26.8% |
| Return on equity | -49.0% | -103.6% | -26.4% | - | -11.4% | -11.2% | -10.8% | - | -7.5% | -34.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.34 | 2.60 | 2.83 | 3.08 | 3.09 | 3.49 | 3.79 | 4.03 | 3.79 | 4.32 |
| Quick ratio | 1.02 | 1.31 | 1.64 | 1.90 | 1.91 | 2.27 | 2.61 | 2.93 | 2.86 | 3.37 |
| Cash ratio | 0.50 | 0.70 | 0.94 | 1.20 | 1.18 | 1.48 | 1.21 | 0.91 | 0.68 | 1.15 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -25.0x | -75.0x | -25.6x | - | -22.8x | -49.2x | -27.4x | - | - | - |
| Equity multiplier | 3.78 | 3.07 | 2.09 | 1.90 | 1.59 | 1.52 | 1.47 | 1.43 | 1.30 | 1.28 |
| Liabilities / Assets | 0.74 | 0.67 | 0.52 | 0.47 | 0.37 | 0.34 | 0.32 | 0.30 | 0.23 | 0.22 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | 0.13 | 0.10 | - | 0.07 | 0.08 | 0.06 | - | 0.04 | 0.05 |
| Inventory turnover | 0.41 | 0.85 | 0.52 | - | 0.38 | 0.47 | 0.43 | - | 0.52 | 0.56 |
| Days sales outstanding | 229d | 277d | 318d | - | 342d | 282d | 315d | - | 321d | 236d |
| Days inventory outstanding | 888d | 431d | 709d | - | 958d | 776d | 840d | - | 703d | 656d |
| Days payable outstanding | 157d | 93d | 156d | - | 287d | 194d | 188d | - | 225d | 217d |
| Cash conversion cycle | 959d | 615d | 871d | - | 1014d | 865d | 966d | - | 798d | 675d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -14.8% | -26.9% | -1.7% | - | -9.2% | -7.6% | -5.5% | - | 1763.3% | 2534.7% |
| Revenue CAGR (3y) | 143.3% | 161.0% | 128.9% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 64.3% | - | -61.7% | - | - | -27.5% | -2.7% | - | 86.6% | - |
| Operating income growth (YoY) | 25.3% | -108.8% | 5.6% | - | 22.0% | 83.4% | 24.7% | - | 9.1% | -513.2% |
| Net income growth (YoY) | 23.6% | -108.0% | 1.0% | - | 23.7% | 83.3% | 24.7% | - | 9.1% | -588.4% |
| EPS growth (YoY) | -664.3% | -1986.7% | 0.0% | - | 26.3% | 84.2% | 27.3% | - | 26.9% | -458.8% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 54.4% | - | - | - | 36.4% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -82.2% | -77.5% | -59.4% | -54.2% | -49.7% | -49.0% | -58.8% | -57.7% | -10.3% | -9.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$189.70M totalProduct$168.09M · 88.6%
Service$21.61M · 11.4%
Geographic
$189.70M totalAmericas$119.77M · 63.1%
EMEA$54.40M · 28.7%
Asia Pacific$15.53M · 8.2%
Peer comparison
Same SIC group: Special Industry Machinery, NEC
Comparing Desktop Metal against the 5 most active filers in the same SIC group.