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Nano Dimension Ltd. (Nasdaq: NNDM) is a pioneer in the field of additive manufacturing technology, focusing on the development and production of intelligent 3D printing systems for Additively Manufactured Electronics (AME). The company's state-of-the-art 3D printing technologies are revolutionizing the way electronic devices are designed and manufactured, targeting sectors with growing demands for advanced features and rapid prototyping capabilities.
At the core of Nano Dimension’s innovations is the DragonFly multi-material 3D printer family, which utilizes proprietary conductive nano-silver inks and dielectric inks. This technology enables in-house agile hardware development and the creation of multi-layer printed circuit boards (PCBs), which are essential components in various electronic devices. Its applications span across diverse industries including consumer electronics, medical devices, defense, aerospace, automotive, IoT, and telecommunications.
Nano Dimension's machines are designed to meet the cross-industry needs by depositing proprietary conductive and dielectric materials simultaneously, allowing the integration of components such as capacitors, antennas, coils, and transformers. This integration leads to unprecedented performance in electronic devices. The company's portfolio extends into mechanical, chemical, industrial design, and artificial learning areas, addressing sophisticated requirements in autonomous intelligent drones, cars, satellites, smartphones, and medical devices.
Recent Achievements
Nano Dimension is continuously evolving, driven by deep learning-based AI to enhance manufacturing capabilities. By leveraging self-learning and self-improving systems, the company manages a distributed manufacturing network via the cloud, providing transformative solutions for Industry 4.0. Over 2,000 customers, including aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, R&D, and academia sectors, benefit from the company’s advanced AME and additive manufacturing solutions.
Latest Projects
In its latest initiatives, Nano Dimension announced the release of financial results for the fourth quarter and full year of 2023, showcasing its robust financial health and strategic growth plans. The company has also partnered with industry leaders like Esko and Fiery to further refine digital printing capabilities, underscoring its commitment to innovation and customer-centric solutions.
Financial Condition
The company’s financial trajectory remains strong, supported by strategic investments and partnerships that enhance its product offerings and market reach. Nano Dimension’s commitment to sustainable and economically efficient manufacturing processes aligns with its vision of transforming existing electronics and mechanical manufacturing into next-generation precision additive electronics.
For more information, visit www.nano-di.com.
Nano Dimension reported strong Q3/2024 results with revenue of $14.9M, up 22% from Q3/2023. The company achieved a gross margin of 48.2%, up 4.0% from Q3/2023, and reduced net cash burn by 80% to $3M. During Q3, Nano Dimension announced two significant M&A agreements with Desktop Metal and Markforged. The combined entity is projected to have $340M in revenue based on 2023 results and a capital position of $475M post-merger. Despite industry challenges, the company recorded its best third quarter performance while reducing operating expenses across all departments.
Murchinson , holding approximately 7.1% of Nano Dimension (NNDM), has issued a letter to shareholders criticizing the current Board of Directors for value destruction, failed capital allocation, and poor corporate governance. The investment firm is urging shareholders to vote for their independent nominees, Ofir Baharav and Bob Pons, before November 27th when electronic voting closes. Murchinson emphasizes that their campaign aims to elect directors who are unquestionably independent and better qualified than the incumbent directors up for re-election.
Nano Dimension (NNDM) has issued a important reminder to shareholders regarding the upcoming 2024 Annual General Meeting. The deadline for voting is December 1st, 2024, at 11:59 p.m. ET. The company's Board of Directors strongly urges shareholders to vote 'FOR' all of Nano's proposals and 'AGAINST' Murchinson 's proposals to protect their investment and the company's future.
Shareholders of record as of October 22nd, 2024, are eligible to vote at the Annual Meeting, scheduled for December 6th, 2024, at 7:00 a.m. ET. Due to potential earlier broker deadlines, shareholders are encouraged to vote immediately via email or electronic means following their proxy card instructions.
Nano Dimension (NNDM) has announced its Q3 2024 financial results conference call, scheduled for Wednesday, November 20th, 2024, at 9:00 a.m. ET. The results will be released before the Nasdaq market opens. The call will be hosted by CEO Yoav Stern, CFO Tomer Pinchas, and VP of Corporate Development Julien Lederman.
The company, a leading supplier of Additively Manufactured Electronics and 3D printing solutions, serves over 2,000 customers across aerospace & defense, automotive, high-tech industrial, and medical technology sectors. Their focus is on transforming electronics and mechanical manufacturing through AI-driven improvements and cloud-based distributed manufacturing networks.
Murchinson , holding approximately 7.1% of Nano Dimension (NNDM) shares, raises concerns about reported connections between Nano's management and affiliates of a sanctioned Russian oligarch. The statement questions the $70 million DeepCube acquisition and its controllers, Yaron Eitan and Andrew Intrater, demanding transparency about their alleged ties.
Murchinson seeks clarification about Anakhnu 's beneficial owners and whether Nano's Board, including Lockheed Martin Ventures' General Manager Christopher J. Moran, was informed of these connections. The statement emphasizes the sensitive nature of AI technology and potential implications for Nano's U.S. defense sector clients.
Anson Funds, the largest shareholder of Nano Dimension (NNDM), has announced its voting intentions for the company's upcoming Annual General Meeting on December 6, 2024. The fund plans to vote FOR all shareholder nominees and a proposal to declassify the Board of Directors, while voting AGAINST the re-election of incumbent board members, including CEO Yoav Stern, and his compensation package. Anson Funds criticizes the current Board for insufficient oversight of Stern's acquisitions of cash-burning entities and poor performance track record.
Murchinson , holding approximately 7.1% of Nano Dimension (NASDAQ: NNDM) shares, has issued an investor presentation challenging Nano's recent public statements. The investment firm has nominated two director candidates - Ofir Baharav and Robert Pons - for election to Nano's Board at the upcoming 2024 Annual General Meeting scheduled for December 6, 2024. Murchinson criticizes Nano's performance, capital allocation strategy, M&A approach, and corporate governance practices, urging shareholders to support their nominees to address what they describe as ongoing value destruction.
Nano Dimension is urging shareholders to vote 'FOR' its proposals at the upcoming 2024 Annual General Meeting on December 6th. The company highlights its execution of two transformational M&A transactions - Desktop Metal and Markforged acquisitions - which are expected to create a combined company with approximately $340 million in revenue and $475 million in cash reserves. The company outlines a path to EBITDA positivity by Q4 2026 and warns against Murchinson's attempts to block transactions above $50 million, which could derail the company's growth strategy.
Murchinson , holding approximately 7.1% of Nano Dimension shares, has issued a presentation highlighting urgent concerns about the company's performance and governance. The presentation reveals that since CEO Yoav Stern's appointment in 2019, Nano's enterprise value has declined 120%, with the stock trading below cash value for three years. The company has shown a -30.3% shareholder return since Murchinson's initial director nomination. Key issues include failed acquisition strategies, poor corporate governance, and questionable management decisions. Murchinson is proposing two independent directors, Ofir Baharav and Robert Pons, for election at the December 2024 Annual Meeting to address these concerns.
Nano Dimension released a presentation highlighting its value creation strategy and urging shareholders to vote 'FOR' all company proposals at the upcoming Annual Meeting. The company reports significant achievements including: 29% organic revenue growth in 2023, 69% reduction in cash burn in H1 2024, and over $160 million in share repurchases since August 2022. The company's transformational acquisitions of Desktop Metal and Markforged aim to create a market leader in Additive Manufacturing with projected $340 million in combined revenue. Nano expects to be EBITDA positive by Q4 2026 and emphasizes its strong governance improvements, including Board restructuring and separation of Chairman and CEO roles.
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