Desktop Metal, Inc. (DM) Stifel 2022 Cross Sector Insight Conference Transcript June 7, 2022 4:10 PM ET
Executives
Ric Fulop - Chairman and CEO
Analysts
Noelle Dilts - Stifel
Noelle Dilts
All right. Sounds good. Hi, everyone. I’m Noelle Dilts. I cover advanced manufacturing here at Stifel and in addition to a couple of other groups. So we’re joined here today by rated Desktop Metal. Ric Fulop is with us. He is CEO and Chairman. And he has served as the CEO since 2015. And before founding DM, Ric was a partner at North Bridge Venture Partners and prior to that was a founder of A123 Systems. So, Ric, will start with some slides and then we’ll move into Q&A.
Ric Fulop
Awesome. Thank you very much. Let me give you guys a quick overview of our company, just for folks that may not know too much about us. We’re a leader in mass production with 3D printing. 3D printing has been around for a long time for prototyping and for other classes of applications like tooling.
Our goal as a company is to be double-digit share of this market by the end of the decade. We are pretty well on our way to that, doing that, company did about $112 million revenue last year, we’ll do about $260 million. So significant growth.
We’ve consolidated the binder jet space, which is the leading technology to do high speed production of parts with printing. We’re about 90% market share on the metal side, 65% on the casting side, about 650 patents for this technology. So very big moat, lots of materials, about 6000 customers, so good, really good position.
This is a quick overview of some of our customers. We have fantastic traction over from space to automotive, healthcare, many other segments. And the reason
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