Nano Dimension Stock Price, News & Analysis

Nano Dimension (Nasdaq: NNDM) has announced strong preliminary results for Q3/2024. The company reported unaudited consolidated revenues of $14.7 million, representing a 21% increase compared to Q3/2023. CEO Yoav Stern emphasized that despite recent acquisition agreements with Desktop Metal, Inc. and Markforged Holding , the core business continues to focus on revenue generation and customer value.

Nano Dimension is a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions. The company has served over 2,000 customers across various industries, including aerospace, defense, automotive, and medical technology. Nano Dimension's strategy involves applying deep learning-based AI to improve manufacturing capabilities and manage distributed manufacturing networks via the cloud.

Nano Dimension (Nasdaq: NNDM) has announced its acquisition of Markforged (NYSE: MKFG) for $5.00 per share in an all-cash transaction. This move follows Nano Dimension's recent agreement to acquire Desktop Metal, positioning the company as a leading player in Additive Manufacturing (AM). The combined entity, including Desktop Metal and Markforged, is expected to have a 2023 revenue of $340 million and cash equivalents of approximately $475 million at closing.

The acquisition of Markforged, valued at $115 million, represents a 71.8% premium to Markforged's September 24th, 2024 VWAP. This strategic move aims to expand Nano Dimension's product portfolio, strengthen its position in Metal-AM, and enhance its focus on sophisticated materials for high-performance applications. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals.

Nano Dimension (NNDM) and HENSOLDT AG have announced the continuation of their joint venture, J.A.M.E.S (Jetted Additively Manufactured Electronics Sources GmbH), established in July 2021. The venture, based in Taufkirchen, Germany, focuses on advancing 3D printed electronics technology. J.A.M.E.S has become a leading electronic designer community, facilitating knowledge exchange and partnering with strategic customers on AME-centered projects.

The success of J.A.M.E.S has led to increased recognition of AME benefits, including improved iterative development, IP safety, faster time-to-market, and enhanced device performance. Both Nano Dimension and HENSOLDT have expressed their commitment to supporting J.A.M.E.S' mission and investing in the advancement of digital 3D printing of electronic components.

Nano Dimension (Nasdaq: NNDM) has cleared a significant regulatory hurdle in its acquisition of Desktop Metal (NYSE: DM). The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, indicating no further U.S. antitrust review is required. This development keeps the acquisition on track for the previously announced Q4/2024 closing timeline.

Nano Dimension, a leader in Additively Manufactured Electronics and 3D printing solutions, aims to transform electronics and mechanical manufacturing through AI-driven improvements and cloud-managed distributed manufacturing. The company has served over 2,000 customers across various industries, offering Additive Electronics and Additive Manufacturing 3D printing machines and materials.

Nano Dimension (NNDM) announced its Q2/2024 and H1/2024 results, highlighting a record-breaking quarter with $15.0 million in revenue, up 2% from Q2/2023. The company reported improved gross margins and a significant 69% reduction in net cash burn. Despite these positive trends, NNDM still recorded a net loss of $44.3 million for Q2/2024. The company also announced a definitive agreement to acquire Desktop Metal, potentially creating a leader in Additive Manufacturing. CEO Yoav Stern emphasized the company's focus on financial strength and operational excellence, while preparing for the transformational merger with Desktop Metal.

Nano Dimension (Nasdaq: NNDM), a leading supplier of Additively Manufactured Electronics and 3D printers, has announced its Q2 2024 financial results conference call. The call is scheduled for August 20th, 2024, at 9:00 a.m. ET, following the release of financial results before the Nasdaq market opens.

Key executives, including CEO Yoav Stern, CFO/COO Tomer Pinchas, and VP of Corporate Development Julien Lederman, will host the call. Participants can register and access the call via webcast or phone. A replay will be available on Nano Dimension's website after the conference.

Nano Dimension serves over 2,000 customers across various industries, focusing on transforming electronics and mechanical manufacturing through AI-driven improvements and cloud-managed distributed manufacturing networks. The company designs and produces Additive Electronics and Additive Manufacturing 3D printing machines, offering rapid prototyping, high-mix-low-volume production, and design-for-manufacturing capabilities.

Nano Dimension (NNDM) has entered into an agreement to acquire Desktop Metal (DM) for $5.50 per share, amounting to roughly $183 million, with potential adjustments down to $4.07 per share, or $135 million. The acquisition is designed to create a leader in additive manufacturing, combining both companies' complementary technologies and product portfolios.

The merger aims to enhance customer penetration, diversify the customer base, and drive the industry transition to mass production. The combined company expects 2023 revenue of $246 million, with 28% from recurring streams. The transaction is anticipated to generate over $30 million in synergies, enhancing profitability and cash reserves, projected at approximately $665-$680 million post-transaction.

The acquisition has been unanimously approved by the boards of both companies and is expected to close in Q4 2024, pending regulatory approvals and other conditions.

Nano Dimension (Nasdaq: NNDM) announced preliminary financial results for Q2 2024, reporting unaudited consolidated revenues of approximately $14.8 million, an 11% increase from the previous quarter. This growth comes despite industry headwinds and is attributed to the 'Reshaping Nano Initiative,' which has improved performance. Full results for the quarter ended June 30, 2024, will be published later. Nano Dimension specializes in Additively Manufactured Electronics and multi-dimensional additive manufacturing solutions for metals, polymers, and ceramics, serving over 2,000 customers in sectors like aerospace, defense, automotive, and medical technology.

Murchinson , a major shareholder in Nano Dimension (NASDAQ: NNDM), has released an open letter criticizing recent actions by CEO Yoav Stern and Nano's Board of Directors. The letter raises concerns about a company-sponsored trip to Alaska for Stern and the Board, despite a recent 25% workforce reduction to cut costs. Murchinson suspects Nano might be in acquisition talks with Desktop Metal, triggered by a significant spike in Desktop Metal's stock price. They urge the Board to seek shareholder approval for any strategic deals and highlight ongoing legal challenges, including the pending ruling on the March 2023 EGM, where shareholders supported Murchinson's proposals. Murchinson vows to replace the Board and Stern at the 2024 AGM if necessary.