With Major Milestone Cleared, Closing of Transaction Expected in the Fourth Quarter, Pending Final Regulatory Approvals Waltham, Mass., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) ("Nano Dimension") and Desktop Metal, Inc. (NYSE: DM) ("Desktop Metal" or "DM") today jointly announced that, at a special meeting, Desktop Metal stockholders approved the merger agreement pursuant to which Desktop Metal would be acquired by Nano Dimension. Of approximately 33 million outstanding DM shares ...

Revenue for the Quarter of $14.7M is 21% Higher Year-Over-Year Waltham, Mass., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) ("Nano Dimension" or the "Company"), a leading supplier of Additively Manufactured Electronics ("AME") and multidimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced its revenue, on a preliminary basis, for the third quarter ended September 30th, 2024. Nano Dimension reported unaudited approximated consolidated ...

Nano Dimension just gave investors some exciting news. Nano Dimension (NNDM 8.04%) stock is making big gains in Wednesday's trading. The company's share price was up 8.6% as of 2 p.m. ET. The 3D-printing semiconductor stock had been up as much as 10% earlier in the day's trading. Nano Dimension stock is surging thanks to news that the company is on track to acquire Markforged -- an industrial 3D-printing specialist. The news comes on the heels of Nano Dimension's announcement in July that it would be acquir ...

Antitrust Milestone Marks Significant Step Towards Deal Closing Acquisition is Expected to Close in Q4/2024 Waltham, Mass., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) ("Nano Dimension" or "Nano"), a leading supplier of Additively Manufactured Electronics ("AME") and multidimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced that the waiting period under the United States Department of Justice ("DOJ") HartScott-Rodino Antitrust Imp ...

Nano Dimension Ltd. (NASDAQ:NNDM) Q2 2024 Earnings Conference Call August 20, 2024 9:00 AM ET Company Participants Yoav Stern - CEO and Member of the Board of Directors Conference Call Participants Troy Jensen - Cantor Fitzgerald Katherine Thompson - Edison Sol Zelman - Gericare Operator Good day, ladies and gentlemen. Welcome to Nano Dimension's Second Quarter 2024 Conference Call. My name is Gayleen and I'm your operator for today's event. On the call with us today are Yoav Stern, CEO and Member of the Bo ...

Nano Dimension Leading Manufacturing into the Future 2nd Quarter 2024 Results & Earnings Call Yoav Stern, CEO & Member of the Board Tomer Pinchas, CFO & COO Julien Lederman, VP Corporate Development August 20th, 2024 Forward Looking Statements This presentation 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," ...

Financial Performance - Q2/2024 revenue reached a record $15.0 million, up 2% from $14.7 million in Q2/2023[2] - H1/2024 revenue totaled $28.4 million, down from $29.7 million in H1/2023[2] - The company reported a net loss of $44.3 million in Q2/2024, compared to a loss of $9.4 million in Q2/2023[3] - Revenues for the six months ended June 30, 2023, were $29,702,000, compared to $28,350,000 for the same period in 2024, reflecting a decrease of 4.5%[8] - The company reported a loss attributable to owners of $(78,743,000) for the six months ended June 30, 2024, compared to a profit of $13,103,000 in the same period of 2023[8] - Basic loss per share for the three months ended June 30, 2024, was $(0.35), compared to a gain of $0.05 in the same period of 2023[8] - Total comprehensive loss for the period ended June 30, 2024, was $(82,364,000), compared to a comprehensive income of $12,090,000 for the same period in 2023[8] Gross Margin and Profitability - Q2/2024 gross margin improved to 45.4%, up from 44.1% in Q2/2023, while H1/2024 gross margin was 45.8%, compared to 44.0% in H1/2023[2] - Gross profit for the three months ended June 30, 2023, was $6,495,000, while for the same period in 2024, it increased to $6,808,000, representing a growth of 4.8%[8] - Gross profit for the six months ended June 30, 2023, was $13,061, while for the same period in 2024, it slightly decreased to $12,986[31] Cash Flow and Expenses - Net cash burn reduced by 69% to $18 million in H1/2024, down from $58 million in H1/2023[4] - Research and development expenses for the six months ended June 30, 2023, were $35,636,000, significantly reduced to $18,254,000 in 2024, a decrease of 48.8%[8] - Operating loss for the six months ended June 30, 2023, was $(61,633,000), which improved to $(39,801,000) in 2024, indicating a reduction of 35.4%[8] - Finance income decreased from $80,780,000 in the six months ended June 30, 2023, to $21,846,000 in 2024, a decline of 73.1%[8] - The company experienced a significant increase in finance expenses, rising from $6,442,000 in the six months ended June 30, 2023, to $61,143,000 in 2024, an increase of 848.5%[8] - Net cash used in operating activities for the six months ended June 30, 2023, was $(56,116), and for the same period in 2024, it was $(30,690)[30] - Net cash from investing activities for the six months ended June 30, 2023, was $(149,803), while for the same period in 2024, it increased to $26,222[30] M&A Strategy and Future Outlook - A definitive agreement to acquire Desktop Metal was announced, with a total consideration of up to $183 million, potentially as low as $135 million[8] - The combined company is projected to have pro forma revenue of $246 million, with 28% from recurring revenue associated with consumables and services[8] - The company is focused on operational excellence and a M&A strategy to enhance shareholder value[9] - Nano Dimension is pursuing a transformational M&A strategy expected to significantly change its business scale and capabilities[18] - The acquisition aims to create a leader in additive manufacturing (AM) with a combined portfolio of advanced products and services[18] - Post-merger, Nano Dimension plans to prioritize improved EBITDA and reduced negative cash flow over top-line growth for several quarters[18] - The company anticipates a substantial growth rate in the transition to digital manufacturing solutions post-acquisition[18] Financial Position - As of June 30, 2023, total assets were reported at $1,194.15 million, a decrease from $1,301.02 million on March 30, 2024[22] - The company's liabilities as of June 30, 2023, were $523.55 million, compared to $669.95 million on March 30, 2024[22] - The unaudited financial position shows a cash balance of $172.19 million as of June 30, 2023, down from $138.45 million on December 31, 2023[22] - Cash and cash equivalents at the end of the period for June 30, 2023, were $454,555, compared to $231,777 at the end of June 30, 2024[30] Proxy Statement and Investor Information - The definitive proxy statement regarding the proposed transaction was filed with the SEC on August 15, 2024[20] - Investors are encouraged to read the proxy statement and other relevant documents for important information about the proposed transaction[20]

Best Quarter in Nano Dimension's History Continued Improvement in Financial Strength and Transformational M&A Transaction Quarterly Revenue Sets Record at $15.0 Million Up 2% from Q2/2023 Gross Margin Improvement of 136 bps 45.4% in Q2/2024, Up From 44.1% in Q2/2023 Adjusted Gross Margin Improvement of 75 bps 48.1% in H1/2024, Up From 47.3% in H1/2023 Company Reduces Net Cash Burn by 69% $18M in H1/2024, Down From $58M in H1/2023 Definitive Agreement Announced to Acquire Desktop Metal Following Quarter End ...

Appointment Adds a Diverse Perspective as an Experienced Executive, Diplomat, Politician and Author Combines Years of Leadership Knowhow as a Commercial CEO as well as Advisor & International Relations Expert Waltham, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) ("Nano Dimension" or the "Company"), a leading supplier of Additively Manufactured Electronics ("AME") and multidimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced ...

Nano Dimension Ltd. (NASDAQ:NNDM) Q1 2024 Earnings Conference Call June 3, 2024 9:00 AM ET Company Participants Yoav Stern - Chief Executive Officer and Member of the Board Tomer Pinchas - Chief Financial Officer and Chief Operating Officer Conference Call Participants Troy Jensen - Cantor Fitzgerald Katherine Thompson - Edison Sol Zelman - Gericare Operator On the call with us today are Yoav Stern, CEO and Member of the Board of Directors, Tomer Pinchas, CFO and COO; and Julien Lederman, VP of Corporate De ...