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D Desktop Metal Desktop Metal Announces Third Quarter 2021 Financial Results November 15 , 2021 • Revenue growth of 34 % from the second quarter of 2021 to $ 25.4 million • GAAP gross margin of 16 % ; non - GAAP gross margin of 27 % • Closed ExOne acquisition , cementing leadership in additive manufacturing for mass production • Acquired Meta Additive , adding next - generation functional binder technology focused on reducing shrinkage during sintering • Acquired Aidro , adding AM design and high - volume production capabilities for manifolds , hydraulics , and fluid power systems BOSTON -- ( BUSINESS WIRE ) -- Desktop Metal , Inc. ( NYSE : DM ) today announced its financial results for the third quarter ended September 30 , 2021 . " During the third quarter , we delivered solid financial performance underscored by sequential top - line growth of 34 % and more than a 180 basis point sequential increase in our gross margins as we continue to gain scale , " said Ric Fulop , Founder and CEO of Desktop Metal . " Our core metals business was a key driver of this success , which demonstrates the market enthusiasm for our AM 2.0 technology . With the addition of ExOne , and the Production System P - 50 progressing toward initial shipments , we are extremely well - positioned as we head into our second year as a public company to deliver on our long - term commitments to shareholders . " Third Quarter 2021 and Recent Business Highlights : • Production System TM P - 50 targeted for shipment in the fourth quarter of 2021 , with final component procurement and assembly of initial builds underway Tripled manufacturing capacity dedicated to the P - 50 to accelerate production ramp and meet early demand • Closed ExOne acquisition , cementing leadership in additive manufacturing for mass production • Acquired Meta Additive , adding next - generation functional binder technology focused on reducing part shrinkage during sintering • Acquired Aidro , adding AM design expertise and volume production capabilities for manifolds , hydraulics , and fluid power systems • Launched a new initiative under Desktop Health to develop a dental and biofabrication parts platform with additive manufacturing at its core , including completing initial acquisitions towards this strategy Third Quarter 2021 Financial Highlights : • Revenue of $ 25.4 million , up 34 % sequentially from the second quarter of 2021 , and up 907 % year - over - year from the third quarter of 2020 , including strength in core metals business and contributions from recent acquisitions