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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 (Nasdaq: NNDM) announced the acquisition of Formatec Holding B.V. for $12.9 million, which includes subsidiaries Admatec Europe B.V. and Formatec Technical Ceramics B.V. This strategic acquisition aims to enhance Nano Dimension's capabilities in additive manufacturing, particularly in ceramics and metals. Formatec reported $5.3 million in revenue with a 56% gross margin in 2021. The integration is expected to drive growth and innovation, leveraging deep learning AI to improve manufacturing processes and meet the increasing demand for high-mix low-volume production in the U.S. and Europe.
Nano Dimension has appointed Saul Simon to its Board of Directors, effective immediately. With extensive experience in automation platforms and AI systems, Simon aims to enhance the company's technological innovations and business performance. Previously, he played key roles at Signals Analytics and Pontis Ltd., driving significant automation and accuracy improvements in various industries. CEO Yoav Stern highlighted Simon's expertise in deep learning and his potential contributions to the company's strategic direction in Additively Manufactured Electronics (AME).
Nano Dimension (Nasdaq: NNDM) reported Q1 2022 revenues of $10.4M, marking a 1,186% increase year-over-year and 38% quarter-over-quarter. The company ended the quarter with $1.311B in cash and deposits but posted a net loss of $33.3M. Adjusted EBITDA was negative $19.2M. Looking ahead, Nano Dimension aims for a potential revenue growth rate of 300% for 2022 compared to 2021, contingent on favorable global economic conditions. Challenges include recruitment struggles impacting R&D efforts and the expectation of achieving ROI within 8-12 quarters.
Nano Dimension Ltd. (Nasdaq: NNDM) announced a one-year share repurchase plan, authorizing up to $100 million for repurchasing its American Depository Shares (ADS). The management can repurchase ADSs through open market transactions or privately negotiated deals depending on market conditions. The plan is subject to approval from the Israeli court to ensure adequate resources remain for other obligations. The initiative aims to enhance shareholder value and reflects management's confidence in the company's future growth.
Nano Dimension Ltd. (Nasdaq: NNDM) reported preliminary financial results for Q1 2022, revealing consolidated revenues of approximately $10.5 million. This marks a significant 39% increase compared to Q4 2021 and an extraordinary 1,195% increase over Q1 2021. As of March 31, 2022, the company's cash and deposits stood at around $1.31 billion. CEO Yoav Stern projected that the company could achieve a 300% revenue growth for 2022, significantly surpassing earlier estimates of 200%, provided no major disruptions occur.
Nano Dimension (Nasdaq: NNDM) will announce its Q1 2022 financial results on May 31, 2022, before the Nasdaq market opens. The conference call will be led by Yoav Stern, Chairman and CEO, and Yael Sandler, CFO, at 9:00 a.m. ET. Investors can join the call via U.S. dial-in or the provided webcast link. Nano Dimension focuses on transforming the electronics sector through innovative additive manufacturing technologies, aiming for efficient production of high-performance electronic devices.
Nano Dimension Ltd. (Nasdaq: NNDM) has announced the opening of its new US headquarters in Waltham, Massachusetts, strategically positioned near key academic institutions like MIT and Harvard. This move aims to enhance access to talent and early adopters of their Additively Manufactured Electronics (AME) and Printed Electronics (PE) technologies. The company expects significant growth in its customer base and workforce, facilitated by industry experts brought onboard. The new headquarters will also house expanded operations and customer support, fostering collaboration in a thriving technology ecosystem.
Nano Dimension (Nasdaq: NNDM) has appointed Col. (Ret.) Channa (Hanny) Caspi to its Board of Directors. With a background in international relations and extensive experience in the Israeli Defense Forces, Col. Caspi aims to strengthen Nano Dimension’s position in defense-related business sectors. Her leadership is expected to enhance the company’s strategic direction, especially within European and NATO markets. Nano Dimension focuses on additive manufacturing and printed electronics, aiming to revolutionize the industry with innovative technology.
Nano Dimension (Nasdaq: NNDM) announced significant financial results for 2021, reporting revenues of $10.5 million for the full year and $7.5 million for Q4, reflecting increases of 209% and 280%, respectively, over 2020. The company's cash reserves stand at approximately $1.36 billion. Despite the growth, a net loss of $200.8 million for 2021 was reported, primarily due to a $140 million impairment loss. The firm anticipates a revenue growth run-rate of around 200% for 2022, bolstered by recent acquisitions, including Essemtec.
Nano Dimension Ltd. (Nasdaq: NNDM) announced the release of its financial results for the full year 2021, scheduled for March 31, 2022, before the Nasdaq market opens. CEO Yoav Stern and CFO Yael Sandler will host a conference call at 9:00 a.m. ET on the same day to discuss these results. Interested participants can join through specified dial-in numbers or via a webcast link. The company specializes in additive manufacturing technologies for electronics, aiming to enhance production efficiency and environmental sustainability.
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