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Nano Dimension Ltd. (NASDAQ: NNDM) has launched its upgraded DragonFly LDM® 2.0 system, enhancing print quality, ink efficiency, and printer uptime. This update, available to customers with service contracts at no cost, is anticipated to boost customer satisfaction and attracts new clients. The DragonFly LDM® system is unique in the rapid production of high-performance multilayered electronic devices using 3D printing. Sales of the DragonFly LDM® 2.0 will commence on June 1, 2021, across various industries, including aerospace and medical applications.
Nano Dimension Ltd. (Nasdaq: NNDM) reported Q1 2021 revenues of $811,000, a decline from $1,971,000 in Q4 2020, primarily due to COVID-19-related sales delays. The company ended the quarter with a strong cash position of $1.47 billion. Net loss for the quarter was $9.31 million, improving from $17.44 million in Q4 2020. R&D expenses rose to $3.73 million, while sales and marketing expenses increased over threefold year-on-year. CEO Yoav Stern emphasized ongoing M&A activities and expanding market efforts, anticipating future growth as pandemic restrictions ease.
Nano Dimension Ltd. (NNDM) has sold a DragonFly LDM® system to the Centre national intégré du manufacturier intelligent (CNIMI), enhancing its presence in the additive manufacturing sector for high-performance electronic devices (Hi-PEDs™). The DragonFly LDM® is the only technology that simultaneously prints dielectric and conductive materials, facilitating quicker prototyping and superior product performance. This collaboration aims to advance academic research and industry practices in 3D printed electronics, aligning with the INDUSTRY 4.0 vision.
Nano Dimension Ltd. (NNDM) announced it will release its first quarter 2021 financial results on May 20, 2021, before the Nasdaq market opens. CEO Yoav Stern and CFO Yael Sandler will discuss the results during a conference call at 9:00 a.m. ET that day. Participants can join via designated U.S. and Israel dial-in numbers. The company provides solutions for Additively Manufactured Electronics (AME), enabling rapid prototyping and production across various industries.
Nano Dimension Ltd. (Nasdaq: NNDM) has finalized its acquisition of NanoFabrica Ltd., a leader in 3D micro-printing technology, for a total consideration of $54.9 million to $59.4 million. The deal includes cash payments of $23 million to $27.5 million contingent on performance milestones and approximately $32 million in American Depositary Shares (ADSs). This acquisition enhances Nano Dimension's capabilities in high-precision manufacturing for industries such as aerospace and electronics. The integration aims to improve production efficiency and establish advanced digital fabrication applications.
Nano Dimension Ltd. (Nasdaq: NNDM) has successfully completed its acquisition of DeepCube Ltd. for approximately $70 million, comprising $40 million in cash and $30 million in ADSs. The deal enhances Nano Dimension's capabilities in Machine Learning and Deep Learning, positioning it strategically within the Additively Manufactured Electronics sector. The ADSs will have a standstill period of up to three years. An investor call will be held on April 23, 2021, to discuss the acquisition and its implications.
Nano Dimension Ltd. (Nasdaq: NNDM) announced the acquisition of DeepCube, a leader in deep learning technology. Post-acquisition, DeepCube will operate as a division of Nano Dimension, enhancing its Additively Manufactured Electronics (AME) capabilities. This strategic move aims to integrate DeepCube's AI-driven training platform into Nano Dimension's 3D printers, facilitating the evolution towards Industry 4.0. The collaboration is expected to foster innovation in electronics manufacturing, improving production efficiency and enabling advanced design possibilities.
On April 22, 2021, Nano Dimension (Nasdaq: NNDM) announced an investor call scheduled for April 23, 2021, at 9:00 a.m. ET, to discuss its recent acquisition of DeepCube Ltd.. The call can be accessed via U.S. toll-free number 1-844-695-5517 or international number 1-412-902-6751. A replay will be available after the call. Nano Dimension specializes in Additively Manufactured Electronics and aims to revolutionize rapid prototyping and production for various industries, enhancing the development and performance of electronic devices.
Nano Dimension Ltd. (Nasdaq: NNDM) has signed a definitive agreement to acquire DeepCube Ltd. for approximately $70 million, comprising $40 million in cash and $30 million in American Depositary Shares. This acquisition, expected to close soon, aims to enhance Nano Dimension's capabilities in AI and machine learning, particularly for distributed digital fabrication applications. DeepCube's patented technology promises significant improvements in data analysis speed and inference performance, positioning Nano Dimension to better address supply chain challenges in the PCB industry.
Nano Dimension Ltd. (Nasdaq: NNDM) has appointed Mr. Oded Gera to its Board of Directors, effective immediately. Gera, a seasoned advisor from Rothschild & Co., brings extensive experience in investment banking and business management. He has a significant track record in advising major acquisitions and financial dealings worth billions, highlighting his capability to influence strategic growth. The CEO, Yoav Stern, expressed confidence in Gera's ability to add value through his diverse background and international exposure, potentially positioning the company for enhanced performance in the competitive 3D-printed electronics market.