Desktop Metal stock is a favorite among retail investors who find the appeal of metal 3D printing to be tantalizing. We scoured their 2022 year-end earnings call for the latest news on the P-50 production platform that everyone's been waiting for, but again we find information lacking on how many units are being sold to whom. Instead, emphasis is being placed on the 1,100 other metal 3D printers Desktop Metal has deployed in the field. We look at how their gross margins are deceptively low, and why they wrote off nearly $500 million in goodwill last year (hint: they overpaid for the 10 acquisitions that were made from all that SPAC money). Next year Desktop Metal expects revenue growth that will range from 0% to 24%. At the top of that estimate, revenues would come in at $260 million which happens to be the guidance they gave for 2022 (actual revenues came in at around $209 million). DM stock is one we'll be passing on until they start providing more revenue reporting granularity and we see those gross margins start creeping upwards. Good luck in 2023 and we'll check back in around early 2024 - unless of course, some major event happens because we know how many of you love DM stock despite all the ambiguities ;)

RESEARCH PIECES USED IN THIS VIDEO:
1. ARTICLE TO BE RELEASED SHORTLY
2. Metal 3D Printing Stocks: DM vs VLD vs MKFG
https://www.nanalyze.com/2022/04/meta...
3. Desktop Metal Stock: New and Improved – On Sale 50% Off
https://www.nanalyze.com/2022/03/desk...
4. Desktop Metal Stock: It’s Not You, It’s Us.
https://www.nanalyze.com/2021/11/desk...
5. Desktop Metal Stock and Additive Manufacturing 2.0
https://www.nanalyze.com/2020/09/desk...

CHAPTERS:
Intro
The Desktop Metal Story
Desktop Metal stock, 50% off again
GAAP gross margin confusion
Goodwill and amortization
Desktop Metal forecast for 2023
P-50 production platform promises
Our thoughts on Desktop Metal stock
Conclusion

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