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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.
Nano Dimension Ltd. (NNDM) announced the success of its first AME Academy webinar on February 23, 2021, which attracted 1,190 global participants. The six-hour event featured seven industry experts discussing key topics in Additively Manufactured Electronics. The academy aims to educate and create a community around the advancements and applications of AME technology, contributing to the future of Hi-PEDs™. The success of this initiative signifies a growing interest in AME within various industries.
Nano Dimension (Nasdaq: NNDM) announced its full year 2020 financial results release scheduled for March 11, 2021, prior to the market opening. The company will host a conference call on the same day at 9:00 a.m. ET, featuring insights from President & CEO Yoav Stern and CFO Yael Sandler. Additionally, an interview with Yoav Stern discussing the company's M&A strategy and product development has been published. Investors can access the call and replay via the provided links.
Nano Dimension (Nasdaq: NNDM) has successfully closed a registered direct offering of 39.1 million American Depositary Shares (ADSs) at $12.80 each, totaling approximately $500 million in gross proceeds. The funds will be allocated for working capital, corporate purposes, and potential strategic business combinations. ThinkEquity acted as the sole placement agent for this offering, which was conducted under an existing shelf registration statement.
Nano Dimension (Nasdaq: NNDM) has announced a registered direct offering of 39.1 million American Depositary Shares (ADSs) at $12.80 each, totaling approximately $500 million in gross proceeds. The funds will be used for working capital, corporate purposes, and exploring strategic business opportunities. The offering's closing is anticipated on or about February 18, 2021, subject to customary conditions. ThinkEquity is acting as the sole placement agent for this transaction.
Nano Dimension Ltd. (Nasdaq: NNDM) has launched the AME ACADEMY, a pioneering educational series aimed at enhancing understanding of Additively Manufactured Electronics (AME). Co-hosted with industry leaders like NovaCentrix and IDTechEx, the first virtual seminar will take place on February 23, 2021. This initiative will cover AME technology's current landscape and future trends, offering insights into high-performance electronic devices. Participants will engage with experts and explore topics such as RF Devices and Antennas and High-Performance Materials.
Nano Dimension Ltd. (NNDM) announced preliminary financial results for the year ended December 31, 2020, reporting revenues of approximately $3.4 million and cash reserves of $990 million with no debt. CEO Yoav Stern noted that despite pandemic-related challenges, revenues surpassed expectations due to customer upgrades, a robust recurring revenue model, and initial sales of new services. The company plans an aggressive go-to-market strategy leveraging its cash reserves and anticipates increased sales post-COVID-19 restrictions.
Nano Dimension Ltd. (NNDM) announced that an interview with CEO Yoav Stern will air on The RedChip Money Report on February 6, 2021, at 7:00 p.m. EST. The show reaches 73 million homes in the U.S. and discusses the company's innovative technology in Additively Manufactured Electronics (AME). Stern highlights why Wall Street has invested $1 billion in Nano Dimension and the company's plans for growth. Nano Dimension provides advanced manufacturing solutions for high-performance electronic devices across various industries.