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D Desktop Metal Desktop Metal Announces First Quarter 2021 Financial Results May 17 , 2021 • Revenue up 35 % from the fourth quarter of 2020 to $ 11.3 million • 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 production of printed wood parts • 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 • Robust liquidity position with cash , cash equivalents and short - term investments of $ 572.2 million as of March 31 , 2021 BOSTON -- ( BUSINESS WIRE ) -- 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 Envision TEC 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