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Nano Dimension Ltd. (Nasdaq: NNDM) will participate in the ThinkEquity Conference on October 26, 2022, in New York City. The company will present at 11:00 am ET and hold one-on-one meetings with investors throughout the day. This conference focuses on innovative technologies, including additive manufacturing and biotechnology. Attendees can register for the event and request meetings via the provided link. The presentation will be available on the investor relations website for 90 days post-event.
Nano Dimension Ltd. (Nasdaq: NNDM) will present at the Lytham Partners’ Fall 2022 Virtual Investor Conference on September 28th and 29th. This conference showcases high-growth companies across sectors, providing an opportunity for management to engage in one-on-one meetings with potential investors. Nano Dimension aims to revolutionize the electronics industry through innovative additive manufacturing, offering solutions such as the DragonFly IV system for high-performance electronic devices. For event registration or inquiries, interested parties can click here.
Nano Dimension Ltd. (Nasdaq: NNDM) reported significant revenue growth, achieving $21.5 million in H1 2022, a 1,227% increase from H1 2021. Q2 2022 revenues reached $11.1 million, up 1,268% year-over-year and 6% from Q1 2022. However, the company faced a net loss of $40 million in Q2, primarily due to high R&D expenses of $18.4 million. As of June 30, 2022, cash reserves stood at approximately $1.27 billion. The company emphasizes its strategic acquisitions and a strong cash management strategy in response to market conditions, particularly in light of the ongoing supply chain crisis.
Nano Dimension Ltd. (Nasdaq: NNDM) announced the appointment of Dale Baker as the new President of Nano Dimension – Americas. He will spearhead the expansion of U.S. operations and worldwide sales while executing the company's growth strategy through organic initiatives and M&A. With a rich background at General Electric and leadership roles in several companies, Baker aims to revolutionize the Additive Manufacturing industry. The former President, Sean Patterson, is leaving for a COO position at a PCB manufacturer.
Nano Dimension Ltd. (NNDM) announced that an Israeli court has approved its repurchase plan, enabling it to buy back up to $100 million worth of American Depository Shares (ADS) over the next 12 months. The repurchase aims to enhance shareholder value and will be conducted based on market conditions and regulations. The management has the flexibility to repurchase all or part of the authorized amount, with no obligation to buy back specific numbers of ADSs. This initiative is consistent with Nano Dimension's strategy to leverage its financial resources for potential stock price support.
Nano Dimension (Nasdaq: NNDM) announced preliminary financial results for Q2 and H1 2022. The company reported $11 million in revenues for Q2 2022, a 1,275% increase compared to Q2 2021, and a 5.5% increase over Q1 2022. For H1 2022, revenues totaled $21.5 million, marking a 1,244% increase year-over-year. As of June 30, 2022, the company held approximately $1.267 billion in cash and investments. The final financial results will be released on September 1, 2022, during a conference call at 9:00 a.m. ET.
Nano Dimension (Nasdaq: NNDM) announced it owns 12.12% of Stratasys Ltd. (Nasdaq: SSYS) shares, contributing to a strategic investment in a leader of additively manufactured electronics (AME). Stratasys generated revenues of $521 million in 2020 and $607 million in 2021, providing a strong position in the market. CEO Yoav Stern emphasized that this investment offers significant upside for shareholders by combining Nano Dimension's disruptive technology with Stratasys' established polymer-based AM capabilities. The company may adjust its investment based on market conditions.
Nano Dimension (Nasdaq: NNDM) announced the acquisition of Formatec Holding B.V. for $12.9 million, which includes subsidiaries Admatec Europe B.V. and Formatec Technical Ceramics B.V. This strategic acquisition aims to enhance Nano Dimension's capabilities in additive manufacturing, particularly in ceramics and metals. Formatec reported $5.3 million in revenue with a 56% gross margin in 2021. The integration is expected to drive growth and innovation, leveraging deep learning AI to improve manufacturing processes and meet the increasing demand for high-mix low-volume production in the U.S. and Europe.
Nano Dimension has appointed Saul Simon to its Board of Directors, effective immediately. With extensive experience in automation platforms and AI systems, Simon aims to enhance the company's technological innovations and business performance. Previously, he played key roles at Signals Analytics and Pontis Ltd., driving significant automation and accuracy improvements in various industries. CEO Yoav Stern highlighted Simon's expertise in deep learning and his potential contributions to the company's strategic direction in Additively Manufactured Electronics (AME).
Nano Dimension (Nasdaq: NNDM) reported Q1 2022 revenues of $10.4M, marking a 1,186% increase year-over-year and 38% quarter-over-quarter. The company ended the quarter with $1.311B in cash and deposits but posted a net loss of $33.3M. Adjusted EBITDA was negative $19.2M. Looking ahead, Nano Dimension aims for a potential revenue growth rate of 300% for 2022 compared to 2021, contingent on favorable global economic conditions. Challenges include recruitment struggles impacting R&D efforts and the expectation of achieving ROI within 8-12 quarters.