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  "documentTitle": "Nano Dimension | Mergers and Acquisitions Presentation Deck | 12 slides",
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  "authorName": "Nano Dimension",
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  "presentationDate": "2023-06-01 00:00:00",
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  "pageNumber": 8,
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  "slideType": "villain_critique",
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  "nDataPoints": 24,
  "notes": "Uses a 'villain_critique' approach to frame the target company as a value-destroying entity.",
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      "kind": "callout",
      "text": "Highly dilutive to Stratasys ownership; Dilutive to EPS – doubling from ($1.24) to ($2.44); Burns cash",
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      "text": "Desktop Metal has 22% of revenue of the combined company; Desktop Metal generates an annualized GROSS LOSS of ($5mm); Desktop Metal generates an annualized negative adjusted EBITDA of ($156mm); Desktop Metal is burning cash vs. Stratasys has cash",
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      "kind": "source-note",
      "text": "Source: Desktop Metal and Stratasys SEC filings, Desktop Metal and Stratasys press releases, FactSet and Consensus Estimates. Note: (1) Cash Flow from Operations less Capital Expenditures; (2) Represents Q1 2023 annualized financials",
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      "kind": "title",
      "text": "Desktop Metal Will Own ~40% of the Combined Company Despite Contributing Nothing But Weak Performance",
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      "kind": "title",
      "text": "Paying a Premium for Dilutive, Smaller Desktop Metal With ~$200M Revenue and ~$200M(1) Cash Loss in 2022 Just Doesn't Add Up",
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