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D Desktop Metal ™ Desktop Metal Announces Second Quarter 2021 Financial Results August 11 , 2021 • Revenue up 68 % from the first quarter of 2021 to $ 19.0 million • GAAP gross margin of 12 % ; non - GAAP gross margin of 25 % • Customer adoption momentum as new customers grew 44 % sequentially from the first quarter of 2021 • Accelerating metal systems shipments , including strong growth across Production System P - 1 , Shop System , and Studio System 2 • Acquired Aerosint , adding multi - material capabilities to AM 2.0 portfolio • Acquired Beacon Bio , adding PhonoGraft biofabrication platform to Desktop Health portfolio • Robust liquidity position with cash , cash equivalents and short - term investments of $ 514.5 million as of June 30 , 2021 • Desktop Metal enters into definitive agreement to acquire The ExOne Company BOSTON -- ( BUSINESS WIRE ) -- Desktop Metal , Inc. ( NYSE : DM ) today announced its financial results for the second quarter ended June 30 , 2021 . " I'm proud of the team's performance in the quarter delivering strong revenue growth and meaningfully expanding gross margins as our customer install base continues to grow , " said Ric Fulop , Founder and CEO of Desktop Metal . " We continue to see significant opportunities to gain share in the additive manufacturing market by leveraging our industry leading product portfolio and diversified materials platform . The Company is firing on all cylinders as we make rapid progress delivering on our vision to accelerate the adoption of AM 2.0 . " Second Quarter 2021 and Recent Business Highlights : • Customer adoption momentum as new customers grew 44 % sequentially from the first quarter of 2021 • Accelerating metal systems shipments , including strong growth across Production System P - 1 , Shop System , and Studio System 2 • Production System P - 50 on track to begin shipments in fourth quarter of 2021 • Continued material portfolio expansion including cobalt chrome on Shop System , titanium Ti64 on Studio System 2 , 4140 low - alloy steel and 316L stainless steel on Production System , and Flexcera Smile and FDA - cleared Flexcera Base on Envision TEC platforms • Forust product launch exceeded all expectations with overwhelming demand • Acquired Aerosint , adding multi - material capabilities to AM 2.0 portfolio • Acquired Beacon Bio , adding PhonoGraft biofabrication platform to Desktop Health portfolio • Closed Adaptive3D acquisition , bringing best - in - class elastomers to market alongside our Envision TEC platforms like the Xtreme 8K • Grew Desktop Metal team to over 500 employees today , up from 171 employees in August 2020