Nano Dimension Announces Q2/2024 Preliminary Results
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.
- Revenue increased by 11% quarter-over-quarter, reaching approximately $14.8 million.
- Improved performance attributed to the 'Reshaping Nano Initiative.'
- The results are preliminary and may vary when final numbers are released.
The 11% increase in revenue to approximately
Short-term, this revenue increase could boost investor confidence, possibly leading to a positive market reaction. Long-term, consistent revenue growth amidst a challenging industry environment could indicate robust operational strategies and market positioning, warranting close observation of future earnings reports.
Nano Dimension's performance in Q2/2024 signifies strong market demand for its advanced additive manufacturing and AME solutions. The company's ability to grow in adverse conditions suggests a competitive edge, potentially driven by unique product offerings and technological advancements like deep learning-based AI. Retail investors should find this trend indicative of the company's ability to capture and retain market share.
Additionally, the emphasis on environmentally friendly and economically efficient solutions aligns with broader market trends towards sustainability, which could appeal to ESG-conscious investors. This positioning might offer long-term benefits as industries increasingly adopt greener technologies.
From a technology standpoint, Nano Dimension's focus on integrating deep learning AI into its manufacturing processes is noteworthy. This not only enhances the efficiency and precision of their AME and additive manufacturing solutions but also sets them apart in an industry where innovation is crucial. Retail investors should recognize the potential for these advanced technologies to drive future revenue growth and industry leadership.
Furthermore, the company's comprehensive product portfolio, spanning multiple materials and applications, suggests a versatile and adaptable business model. This ability to address diverse market needs could result in sustained demand and robust financial performance.
Revenue of Approximately
Signals Strong Sales In spite of Industry Headwinds
Waltham, Mass., July 03, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced a preview of its financial results on a preliminary basis for the second quarter ended June 30th, 2024.
Nano Dimension reported unaudited consolidated revenues of approximately
The Company also highlighted continued improved performance based on the Reshaping Nano Initiative, with results expected to be shown when full results as of and for the quarter ended June 30, 2024, are published.
The above information reflects preliminary estimates with respect to certain results of Nano Dimension for the second quarter ended June 30th, 2024, based on currently available information. The actual second quarter results may vary from the preliminary estimates.
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices – on demand, anytime, anywhere.
Nano Dimension’s strategy is driven by the application of deep learning based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.
Nano Dimension has served over 2,000 customers across vertical target markets such as aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The Company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications – from millimeters to several centimeters in size with micron precision.
Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing.
For more information, please visit www.nano-di.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, Nano Dimension is using forward-looking statements when it discusses its preliminary unaudited financial results for the second quarter ended June 30, 2024 and expected performance based on the Reshaping Nano Initiative. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 21, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Investor Relations | ir@nano-di.com
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