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Nano Dimension(NNDM) - 2024 Q3 - Earnings Call Transcript
2024-11-20 16:32
Nano Dimension Ltd. (NASDAQ:NNDM) Q3 2024 Results Conference Call November 20, 2024 9:00 AM ET Company Participants Yoav Stern - CEO & Member of the Board Tomer Pinchas - CFO & COO Julien Lederman - VP Corporate Development Conference Call Participants Katherine Thompson - Edison Sol Zelman - Gericare Operator Good day, ladies and gentlemen. Welcome to Nano Dimension's Third Quarter 2024 Conference Call. My name is Wyatt, and I'm your operator for today's event. On the call with us today are Yoav Stern, CEO ...
Nano Dimension(NNDM) - 2024 Q3 - Quarterly Report
2024-11-20 12:32
Exhibit 99.1 Nano Dimension Announces Q3/2024 Results – The Best 3rd Quarter in the Company's History Revenue $14.9M, Up 22% from the Same Period in 2023 Announced Two Transformational M&AAgreements in Q3/24 Alone – With Desktop Metal and Markforged Gross Margin Higher 48.2% in Q3/2024, Up 4.0% From Q3/2023 46.6% in the First Nine Months of 2024, Up 2.6% From the Same Period in 2023 Adjusted Gross Margin Higher 50.5% in Q3/2024, Up 2.5% From Q3/2023 Net Cash Burn Reduced Substantially $3M in Q3/2024, Down F ...
Nano Dimension Announces Q3/2024 Results – The Best 3rd Quarter in the Company's History
GlobeNewswire News Room· 2024-11-20 12:30
Financial Performance - Revenue for Q3 2024 was $14.9 million, a 22% increase from $12.2 million in Q3 2023 [3][17] - For the first nine months of 2024, revenue reached $43.2 million, compared to $41.9 million in the same period in 2023 [3][24] - Gross margin for Q3 2024 was 48.2%, up from 44.2% in Q3 2023 [4] - Adjusted gross margin for Q3 2024 was 50.5%, compared to 48.0% in Q3 2023 [5] - Net cash burn was reduced to $3 million in Q3 2024, down 80% from $16 million in Q3 2023 [9][10] Strategic Developments - The company announced two transformational M&A agreements in Q3 2024 with Desktop Metal and Markforged [11] - The combined entity is expected to have a revenue of $340 million based on 2023 results, enhancing scale and financial performance [13] - The company anticipates a robust capital position of $475 million post-acquisition, supporting future development [13] Cost Management - Operating expenses decreased across all departments due to a reorganization plan executed in Q4 2023 [19][26] - R&D expenses for Q3 2024 were $9.8 million, down from $12.8 million in Q3 2023, attributed to reduced payroll and related expenses [20] - General and administrative expenses for Q3 2024 were $10.0 million, significantly lower than $20.8 million in Q3 2023 [22] Shareholder Engagement - The company urges shareholders to vote by December 1, 2024, for proposals that support ongoing success [15][16]
Nano Dimension Reminds Shareholders that Time Is Running Out to Protect Their Investment - Vote FOR Nano's Proposals
GlobeNewswire News Room· 2024-11-18 13:15
Deadline is Fast Approaching on Sunday, December 1st, 2024, at 11:59 p.m. ET Shareholders Should Call Their Brokers Today to Ensure Their Vote is Counted To Learn More Visit: www.ProtectingNanoValue.com Waltham, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal & ceramic Additive Manufacturing 3D printing solutions, today reminded shareholders that the final dea ...
Nano Dimension Announces Conference Call to Discuss Q3/2024 Quarterly Results
GlobeNewswire News Room· 2024-11-18 13:00
Waltham, Mass., Nov. 18, 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 printers, announced today that it will release its financial results for the third quarter of 2024 before the Nasdaq market opens on Wednesday, November 20th, 2024. Mr. Yoav Stern, Chief Executive Officer and Member of the Board of Directors, Mr ...
ANSON FUNDS TO VOTE FOR ALL SHAREHOLDER NOMINEES AND PROPOSALS AT NANO DIMENSION'S UPCOMING ANNUAL GENERAL MEETING
Prnewswire· 2024-11-15 13:30
Intends to vote FOR shareholder nominees and AGAINST re-election of incumbents, including Nano Dimension CEO Yoav SternIntends to vote FOR shareholder proposal to declassify Nano Dimension Board of DirectorsIntends to vote AGAINST CEO Stern's egregious compensation packageTORONTO, Nov. 15, 2024 /PRNewswire/ -- Anson Advisors Inc. and Anson Funds Management LP, the co-investment advisers of several investment funds (collectively, the "Anson Funds"), the largest shareholder of Nano Dimension Ltd. ("Nano Dimen ...
Nano Dimension Sends Letter to Shareholders and Releases Video
GlobeNewswire News Room· 2024-11-14 13:15
Nano Dimension is Successfully Executing a Disciplined and Focused Value Creation Strategy, Delivering on Key Milestones Along its Path to Profitability Board and Management Team Led Two Transformational M&A Transactions Over the Past Year That are Set to Drive ROI for Shareholders Murchinson’s Self-Serving Campaign is an Attempt to Paralyze Nano’s Strategy and Derail its Progress at the Expense of Other Shareholders Nano Urges Shareholders to Protect Their Investment and Vote “FOR” Nano’s Proposals Act Fa ...
Nano Dimension Releases Presentation Highlighting Execution of Disciplined and Focused Value Creation Strategy for ALL Shareholders
GlobeNewswire News Room· 2024-11-12 21:15
Nano’s Board and Management Team Have Delivered on Promises Made: Driving Transformational M&A, Financial and Operational Improvements and Governance Enhancements Murchinson STILL Has NO Value Creation Plan and Seeks to Disrupt Nano’s Transformation and Growth Nano Urges Shareholders to Protect Their Investment and Vote “FOR” All of Nano’s Proposals Act Fast – Nano’s Shareholders Annual Meeting Voting Cut-Off Sunday, December 1st, 2024, at 11:59 p.m. ET To Learn More Visit: www.ProtectingNanoValue.com Walth ...
Nano Dimension is Presenting at The ThinkEquity Conference on October 30th, 2024
GlobeNewswire News Room· 2024-10-29 12:30
Investors Are Able to View the Presentation Via a Live Stream Waltham, Mass., Oct. 29, 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 printers, announced today that it will present at the upcoming ThinkEquity Conference in New York City on Wednesday, October 30th, 2024. Mr. Yoav Stern, Chief Executive Officer and Me ...
Nano Dimension Sends Letter to Shareholders
GlobeNewswire News Room· 2024-10-28 13:15
Nano Dimension is Successfully Executing a Disciplined and Focused Value Creation Strategy That is Driving Future Value for ALL Shareholders Board and Management Team Led Transformational M&A, Financial and Operational Improvements and Governance Enhancements Over Past Year Murchinson Once Again Seeking to Take Control of Nano Through a Series of Proposals That Would Paralyze the Company's Strategy Nano Dimension Urges Shareholders to Vote "FOR" Nano Dimension's Proposals at the Annual General Meeting to be ...