Nano Dimension Stock Price, News & Analysis

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.

Nano Dimension Ltd. (Nasdaq: NNDM) announced the appointment of Hanan Gino as Chief Product Officer and Head of Strategic M&A. Gino brings over 30 years of experience, having previously led successful revenue growth at Verint Systems and Orbotech. His expertise includes product innovation and acquisition strategies across various technology sectors. Gino aims to leverage Nano's technology to revolutionize the electronics industry, focusing on developing new products and acquisitions. CEO Yoav Stern emphasizes Gino's extensive experience will enhance product development and strengthen the company's growth strategy.

Nano Dimension Ltd. (Nasdaq: NNDM) has appointed Zivi Nedivi as its new president, with Yoav Stern continuing as CEO and becoming Chairman of the Board, pending shareholder approval. Nedivi brings extensive experience from leading technology companies, having significantly grown Kellstrom Industries and turned around Lumenis Ltd. Yoav Stern emphasized Nano's strong position in the market, boasting approximately $1.5 billion in cash, and noted the company's innovative technology for producing high-performance electronics. The firm anticipates capitalizing on its competitive edge in the additive manufacturing sector.

Nano Dimension Ltd. (Nasdaq: NNDM) has collaborated with L3Harris Technologies to manufacture an integrated RF circuit, which successfully reached the International Space Station (ISS) for evaluation. This groundbreaking project, two years in the making, focuses on analyzing the performance of additively manufactured electronics in space, particularly for nanosatellite communications. Utilizing the DragonFly LDM® system, the RF board integrates multiple technologies and will undergo testing at various stages, contributing valuable data about AME technology in low Earth orbit conditions.

Nano Dimension (NNDM) reported Q4 2020 revenues of $1.97 million, slightly down from $1.98 million in Q4 2019, with full-year revenues at $3.4 million, down from $7.07 million in 2019 due to COVID-19 impacts. The company ended Q4 2020 with $670.93 million in cash, up significantly from $3.89 million in 2019. Despite a net loss of $17.44 million in Q4 2020, an improvement over the previous quarter's loss, the full-year loss was $48.49 million. R&D expenses increased to $9.88 million for 2020, reflecting higher payroll and materials costs.

Nano Dimension Ltd. (Nasdaq: NNDM) has announced a leadership change, with CEO Yoav Stern set to replace Ofir Baharav on the Board of Directors as Chairman, pending shareholder approval. Baharav expressed gratitude for his tenure and noted the company's strong growth trajectory under Stern's leadership. Stern emphasized the company's focus on strengthening and preparing for intensive growth spurred by mergers and acquisitions (M&A) and plans to enhance its technology development and executive management teams.