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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 Ltd. (Nasdaq: NNDM) responded to shareholder actions perceived as attempts to disrupt the company’s management and utilize its cash reserves. Despite broader market pressures, Nano Dimension reported remarkable revenue growth of over 300% in the past year. A recent SEC filing indicates a group of foreign funds, led by Murchinson Ltd., holds 5.1% of shares, but previous acquisition offers were deemed insufficient. The company has received threats and disparaging remarks from shareholders, leading to legal action. Nano Dimension remains focused on accelerating growth and is positioned well to pursue favorable acquisitions in 2023.
Nano Dimension Ltd. (Nasdaq: NNDM) reported strong preliminary financial results for Q4 and full year 2022. The company achieved a record revenue of $12.1 million for Q4, marking a 61% increase year-over-year, and a total of $43.6 million for the year, up 316% from 2021. Cash and deposits totaled approximately $1.03 billion. The final audited results will be released on March 30, 2023, alongside a conference call to discuss the outcomes. This performance highlights Nano Dimension's solid growth trajectory in the additive manufacturing sector.
Nano Dimension Ltd. (Nasdaq: NNDM) announced the delivery of the Admaflex130 Evolution, a high precision ceramics and metal fabrication system, to the Karlsruhe Institute of Technology (KIT) on January 23, 2023. This marks a significant step in Nano Dimension's merger strategy with Admatec Europe B.V., enhancing its partnerships with top academic institutions. The Admaflex130 Evolution will support advanced research at KIT's Institute of Photonics and Quantum Electronics, focusing on high-performance electronic device applications. Overall, this development highlights Nano Dimension's commitment to driving innovation in the additive manufacturing sector.
Nano Dimension Ltd. (Nasdaq: NNDM) announced the sale of two Fabrica 2.0 Micro-AM systems to Accumold, a leader in micro-injection molding. This sale follows Accumold's successful beta testing of the system since May 2021, confirming its satisfaction with performance. The Fabrica 2.0 supports high-precision manufacturing across various industries, enhancing capabilities in micro-electronics and medical devices. The deal reflects growing demand for additive manufacturing technologies.
Nano Dimension Ltd. (Nasdaq: NNDM) announced the sale of its DragonFly IV system to Northeastern University, marking a significant step in advancing 3D printed electronics. As the first Massachusetts-based university to acquire this technology, Northeastern will leverage the system for the fabrication of high-performance electronic devices (Hi-PEDs). The DragonFly IV enables rapid prototyping and performance enhancements across industries, including automotive and healthcare. This acquisition reflects Nano Dimension's commitment to supporting innovation in academia and its strategic positioning in a key innovation hub.
Nano Dimension (Nasdaq: NNDM) has announced a significant purchase order for its DragonFly IV additive manufacturing system from a large Western aerospace and defense company, marking the 9th defense client for the company. This advanced AM technology is seen as key to enhancing innovation in electronics manufacturing. The DragonFly IV enables the creation of High-Performance-Electronic-Devices (Hi-PEDs) critical for various applications, including autonomous drones and medical devices. The CEO emphasizes the growing demand for in-house prototype development and control over intellectual property.
Nano Dimension Ltd. (Nasdaq: NNDM) announced it raised $1.5 billion in capital from 2020 to 2021, preparing for a challenging 2023. The management aims to protect the company against takeover attempts fueled by its substantial capital. A recent shareholders' meeting was marred by a smear campaign to justify a potential takeover, which was dismissed by an Israeli court. The company remains focused on executing its M&A initiatives, R&D programs, and business development plans, expecting to leverage its strong capital position to seize opportunities in the industry.
Nano Dimension (Nasdaq: NNDM) announced a purchase order from a European army for its DragonFly IV 3D printer, marking the tenth western defense agency to utilize its technology. This order emphasizes the growing reliance on Nano Dimension's Additive Manufacturing Electronics systems for innovative electronic device fabrication. The DragonFly IV enables rapid development and integration of components essential for advanced technologies like drones and medical devices. CEO Yoav Stern highlighted the significance of this engagement for fostering future commercial markets.
Nano Dimension Ltd. (Nasdaq: NNDM) has appointed Dr. Nissan Cohen to its Board of Directors, replacing Mr. Yaron Eitan. Dr. Cohen brings 40 years of experience in technology development and management, previously founding Tower Semiconductor and serving in leadership roles at various tech firms. His expertise in the semiconductor sector is expected to bolster Nano Dimension's transformative vision for manufacturing. The company aims to enhance its additive manufacturing solutions, focusing on efficiency and environmental sustainability.
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.
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