Desktop Metal’s Revenue Breakdown by Region (2020-2023)

This statistic highlights Desktop Metal’s Revenue Breakdown by Region, split across Americas, Europe, Middle East, Africa and Asia Pacific, reported on a quarterly basis from Q1 2020 onwards.

Desktop Metal’s Revenue Breakdown by Region

The following table highlights Desktop Metal’s Revenue Breakdown by Region for Q3 2020, Q2 2021 & Q3 2021:

(All figures are in thousands, except percentages)

Desktop Metal currently ships its product to markets in the Americas, EMEA, and APAC.

On a QoQ basis, Desktop Metal’s total revenue increased by 34.1%. This was due to an increase in unit shipments in all regions across a more varied product mix and additional revenue in connection with acquisitions. Even on a YoY basis, the total revenue increased 10 times as compared to Q3 2020. Overall, this growth was due to an increased customer demand in 2021 as compared to 2020, wherein the demand had lowered, as a result of the COVID-19 pandemic. This is the reason why there is a huge jump in the revenue, especially on a YoY basis and hence we see an exponential increase in the total revenue.

Americas

The Company’s operations are principally based in the United States. This region generated the highest revenue for the company in each quarter during 2021. Of the total revenue generated from this region, in Q3 2021 Desktop Metal generated 94% from supplying its products and the remaining from the services it provides. On a QoQ basis, there was an increase of 62.7% in the revenue generated. Even on a YoY basis, there was an increase of 143% in the revenue generated from this region.

EMEA

EMEA stands for Europe, Middle East, and Africa. About 21% of the Company’s total revenue comes from this region. Desktop Metal generated 93% of this revenue by supplying its products in Q3 2021. The remaining 15% of the revenue comes from the services it provides. On a QoQ basis, the revenue from this region increased by 29.1%. Even on a YoY basis, there was an increase of 101% in the revenue generated from this region.

APAC

APAC stands for the Asia Pacific region. This region contributes the lowest revenue for the Company. Of the total revenue in Q3 2021, 90% came from supplying its products and the remaining from providing services. Only this region reported a fall in the revenue on a QoQ basis, with a decline of 55.6% in the revenue generated. However, on a YoY basis, there was an increase of 81.6% in the revenue generated.

About the Company

Founded in 2015, Desktop Metal is leading a new generation of additive manufacturing (commonly referred to as 3D printing) technologies focused on the production of end-use parts. They offer a portfolio of additive manufacturing solutions for engineers, designers, and manufacturers which comprises hardware, software, materials, and services. Their solutions span use cases across the product life cycle, product development, mass production, and aftermarket operations and cater to a wide variety of industries.

Desktop Metal’s growth strategy includes a commitment to research and development. They have invested significant resources in research and development. In 2020, they invested $43.1 million in this segment, for building an extensive portfolio of proprietary and differentiated technologies with a focus on making additive manufacturing an easy-to-use, economic and scalable solution. In February 2021, Desktop Metal acquired EnvisionTEC a US, LLC, and certain of its affiliates, with an aim to create a comprehensive portfolio across metals, polymers, and composites.

Did you like Desktop Metal’s Revenue Breakdown by Region statistic?

Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.

You can get started here.