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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.
Nano Dimension Ltd. (Nasdaq: NNDM) has entered a partnership with Tethon Corporation to create new high-performance materials for its Fabrica 2.0 micro-additive manufacturing system. This collaboration aims to develop specialty materials such as high-temperature and transparent formulations, which could enhance applications in medical devices, electrical connectors, and microfluidics. The company is focused on expanding market opportunities through innovative R&D, including AI advancements in manufacturing processes. The two companies will showcase their developments at the Formnext Exhibition in Frankfurt from November 15-18.
Nano Dimension (Nasdaq: NNDM) will present its innovative Additively Manufactured Electronics (AME) solutions at Formnext 2022 in Frankfurt, Germany, from November 15-18. At Stand C119, attendees can explore the DragonFly® IV AME system, Fabrica 2.0, and Admaflex 300, showcasing advancements in additive manufacturing technology. The company aims to transform the electronics industry with its unique combination of solutions, enabling efficient, on-demand production. Nano Dimension seeks partnerships for enhancing production flexibility and agility.
Nano Dimension (Nasdaq: NNDM) announced its preliminary financial results for Q3 and the first nine months of 2022, reporting consolidated revenues of approximately $10 million for Q3, a 646% increase year-over-year. For the nine-month period, total revenue reached $31.5 million, reflecting a remarkable 963% increase compared to the same timeframe in 2021. Additionally, the company stated a record backlog exceeding $9 million, with consolidated cash and investments totaling about $1.188 billion as of September 30, 2022. Final results will be released on December 1, 2022.