Nano Dimension Stock Price, News & Analysis

Nano Dimension reported Q3 2022 revenues of $10 million, a remarkable 646% increase year-over-year, though 10% lower than Q2 2022. Year-to-date revenue reached $31.5 million, a 964% rise compared to the same period in 2021. However, the net loss before tax was $67.1 million, and adjusted EBITDA stood at negative $24.2 million. Supply chain issues and geopolitical conflicts impacted earnings, notably a 75% revenue decline in certain European markets. The company has a backlog of approximately $9 million, indicating potential future growth.

Nano Dimension Ltd. (Nasdaq: NNDM) has entered a partnership with Tethon Corporation to create new high-performance materials for its Fabrica 2.0 micro-additive manufacturing system. This collaboration aims to develop specialty materials such as high-temperature and transparent formulations, which could enhance applications in medical devices, electrical connectors, and microfluidics. The company is focused on expanding market opportunities through innovative R&D, including AI advancements in manufacturing processes. The two companies will showcase their developments at the Formnext Exhibition in Frankfurt from November 15-18.

Nano Dimension (Nasdaq: NNDM) will present its innovative Additively Manufactured Electronics (AME) solutions at Formnext 2022 in Frankfurt, Germany, from November 15-18. At Stand C119, attendees can explore the DragonFly® IV AME system, Fabrica 2.0, and Admaflex 300, showcasing advancements in additive manufacturing technology. The company aims to transform the electronics industry with its unique combination of solutions, enabling efficient, on-demand production. Nano Dimension seeks partnerships for enhancing production flexibility and agility.

Nano Dimension (Nasdaq: NNDM) announced its preliminary financial results for Q3 and the first nine months of 2022, reporting consolidated revenues of approximately $10 million for Q3, a 646% increase year-over-year. For the nine-month period, total revenue reached $31.5 million, reflecting a remarkable 963% increase compared to the same timeframe in 2021. Additionally, the company stated a record backlog exceeding $9 million, with consolidated cash and investments totaling about $1.188 billion as of September 30, 2022. Final results will be released on December 1, 2022.

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.