Nano Dimension Stock Price, News & Analysis

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.

Nano Dimension Ltd. (Nasdaq: NNDM) announced a one-year share repurchase plan, authorizing up to $100 million for repurchasing its American Depository Shares (ADS). The management can repurchase ADSs through open market transactions or privately negotiated deals depending on market conditions. The plan is subject to approval from the Israeli court to ensure adequate resources remain for other obligations. The initiative aims to enhance shareholder value and reflects management's confidence in the company's future growth.

Nano Dimension Ltd. (Nasdaq: NNDM) reported preliminary financial results for Q1 2022, revealing consolidated revenues of approximately $10.5 million. This marks a significant 39% increase compared to Q4 2021 and an extraordinary 1,195% increase over Q1 2021. As of March 31, 2022, the company's cash and deposits stood at around $1.31 billion. CEO Yoav Stern projected that the company could achieve a 300% revenue growth for 2022, significantly surpassing earlier estimates of 200%, provided no major disruptions occur.

Nano Dimension (Nasdaq: NNDM) will announce its Q1 2022 financial results on May 31, 2022, before the Nasdaq market opens. The conference call will be led by Yoav Stern, Chairman and CEO, and Yael Sandler, CFO, at 9:00 a.m. ET. Investors can join the call via U.S. dial-in or the provided webcast link. Nano Dimension focuses on transforming the electronics sector through innovative additive manufacturing technologies, aiming for efficient production of high-performance electronic devices.

Nano Dimension Ltd. (Nasdaq: NNDM) has announced the opening of its new US headquarters in Waltham, Massachusetts, strategically positioned near key academic institutions like MIT and Harvard. This move aims to enhance access to talent and early adopters of their Additively Manufactured Electronics (AME) and Printed Electronics (PE) technologies. The company expects significant growth in its customer base and workforce, facilitated by industry experts brought onboard. The new headquarters will also house expanded operations and customer support, fostering collaboration in a thriving technology ecosystem.

Nano Dimension (Nasdaq: NNDM) has appointed Col. (Ret.) Channa (Hanny) Caspi to its Board of Directors. With a background in international relations and extensive experience in the Israeli Defense Forces, Col. Caspi aims to strengthen Nano Dimension’s position in defense-related business sectors. Her leadership is expected to enhance the company’s strategic direction, especially within European and NATO markets. Nano Dimension focuses on additive manufacturing and printed electronics, aiming to revolutionize the industry with innovative technology.