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Nano Dimension Ltd. (Nasdaq: NNDM) is a pioneer in the field of additive manufacturing technology, focusing on the development and production of intelligent 3D printing systems for Additively Manufactured Electronics (AME). The company's state-of-the-art 3D printing technologies are revolutionizing the way electronic devices are designed and manufactured, targeting sectors with growing demands for advanced features and rapid prototyping capabilities.
At the core of Nano Dimension’s innovations is the DragonFly multi-material 3D printer family, which utilizes proprietary conductive nano-silver inks and dielectric inks. This technology enables in-house agile hardware development and the creation of multi-layer printed circuit boards (PCBs), which are essential components in various electronic devices. Its applications span across diverse industries including consumer electronics, medical devices, defense, aerospace, automotive, IoT, and telecommunications.
Nano Dimension's machines are designed to meet the cross-industry needs by depositing proprietary conductive and dielectric materials simultaneously, allowing the integration of components such as capacitors, antennas, coils, and transformers. This integration leads to unprecedented performance in electronic devices. The company's portfolio extends into mechanical, chemical, industrial design, and artificial learning areas, addressing sophisticated requirements in autonomous intelligent drones, cars, satellites, smartphones, and medical devices.
Recent Achievements
Nano Dimension is continuously evolving, driven by deep learning-based AI to enhance manufacturing capabilities. By leveraging self-learning and self-improving systems, the company manages a distributed manufacturing network via the cloud, providing transformative solutions for Industry 4.0. Over 2,000 customers, including aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, R&D, and academia sectors, benefit from the company’s advanced AME and additive manufacturing solutions.
Latest Projects
In its latest initiatives, Nano Dimension announced the release of financial results for the fourth quarter and full year of 2023, showcasing its robust financial health and strategic growth plans. The company has also partnered with industry leaders like Esko and Fiery to further refine digital printing capabilities, underscoring its commitment to innovation and customer-centric solutions.
Financial Condition
The company’s financial trajectory remains strong, supported by strategic investments and partnerships that enhance its product offerings and market reach. Nano Dimension’s commitment to sustainable and economically efficient manufacturing processes aligns with its vision of transforming existing electronics and mechanical manufacturing into next-generation precision additive electronics.
For more information, visit www.nano-di.com.
Nano Dimension (NNDM) has entered into an agreement to acquire Desktop Metal (DM) for $5.50 per share, amounting to roughly $183 million, with potential adjustments down to $4.07 per share, or $135 million. The acquisition is designed to create a leader in additive manufacturing, combining both companies' complementary technologies and product portfolios.
The merger aims to enhance customer penetration, diversify the customer base, and drive the industry transition to mass production. The combined company expects 2023 revenue of $246 million, with 28% from recurring streams. The transaction is anticipated to generate over $30 million in synergies, enhancing profitability and cash reserves, projected at approximately $665-$680 million post-transaction.
The acquisition has been unanimously approved by the boards of both companies and is expected to close in Q4 2024, pending regulatory approvals and other conditions.
Nano Dimension (Nasdaq: NNDM) announced preliminary financial results for Q2 2024, reporting unaudited consolidated revenues of approximately $14.8 million, an 11% increase from the previous quarter. This growth comes despite industry headwinds and is attributed to the 'Reshaping Nano Initiative,' which has improved performance. Full results for the quarter ended June 30, 2024, will be published later. Nano Dimension specializes in Additively Manufactured Electronics and multi-dimensional additive manufacturing solutions for metals, polymers, and ceramics, serving over 2,000 customers in sectors like aerospace, defense, automotive, and medical technology.
Murchinson , a major shareholder in Nano Dimension (NASDAQ: NNDM), has released an open letter criticizing recent actions by CEO Yoav Stern and Nano's Board of Directors. The letter raises concerns about a company-sponsored trip to Alaska for Stern and the Board, despite a recent 25% workforce reduction to cut costs. Murchinson suspects Nano might be in acquisition talks with Desktop Metal, triggered by a significant spike in Desktop Metal's stock price. They urge the Board to seek shareholder approval for any strategic deals and highlight ongoing legal challenges, including the pending ruling on the March 2023 EGM, where shareholders supported Murchinson's proposals. Murchinson vows to replace the Board and Stern at the 2024 AGM if necessary.
Nano Dimension (Nasdaq: NNDM) has announced the appointment of Ambassador Georgette Mosbacher to its Board of Directors. Mosbacher, an experienced executive and former U.S. Ambassador to Poland, brings extensive leadership expertise from both the private and public sectors. Her background includes roles as Chairman and CEO of Borghese and La Prairie Group AG, and advisory positions at organizations like Skybridge Capital and WISeKey. The company expects her diverse experience to help enhance its global presence and leadership in digital manufacturing. Mosbacher expressed enthusiasm about contributing to Nano Dimension's innovative path in manufacturing technologies.
Nano Dimension reported Q1/2024 results highlighting significant improvements in gross margins and a marked reduction in net cash burn. Gross margin increased to 46% from 44% year-over-year, while adjusted gross margin improved to 50% from 47%. The company reduced net cash burn by 75%, down to $7 million from $27.4 million in Q1/2023. Although total revenue slightly decreased to $13.36 million from $14.97 million, the company has seen a substantial improvement in operational efficiencies. Operating expenses have been significantly reduced, with notable decreases in R&D, sales, and marketing costs. However, the net loss for the quarter was $34.77 million, or $0.15 per share, compared to a net income of $22.22 million in Q1/2023. The company also decreased its outstanding shares by 15% to 219 million, enhancing shareholder value.
Nano Dimension has announced a significant enhancement to its Additive Electronics product line, specifically from its Essemtec Product Group. This new jet-on-the-fly capability increases dispensing speed by up to 3x, achieving approximately 180,000 dots per hour and up to 400,000 DPH for specific packages like BGA. The development promises to enhance efficiency, accuracy, and reliability in manufacturing, which is expected to improve unit economics and adoption rates of the company's systems. This advanced capability will be available to existing customers, aiming to meet the rising demand for faster dispensing speeds.
Olivier Carnal, General Manager of Nano Dimension’s Essemtec Product Group, highlighted the immediate performance improvements for both existing and new customers. CEO Yoav Stern emphasized that this advancement demonstrates the company's push towards expanding its footprint in the electronics manufacturing market.
Nano Dimension (NNDM) has announced a partnership with Esko and Fiery to offer a comprehensive Industry 4.0 solution for digital printing. The collaboration integrates Esko and Fiery's workflow automation, prepress, color management, and job management tools with Nano Dimension's advanced print control systems. This strategic move aims to support the rapid digital transformation of the printing industry, which is projected to grow from USD 93.10 billion in 2022 to USD 192.40 billion by 2031. The partnership is expected to deliver an end-to-end solution, enhancing efficiency and scalability for manufacturers.
Nano Dimension (Nasdaq: NNDM) will host a conference call on June 3rd, 2024, to discuss its financial results for the first quarter of 2024. Participants can access the call via webcast or phone. Nano Dimension is a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal, and ceramic Additive Manufacturing 3D printers.
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