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 ...

Forward Looking Statements ©2024 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 2 Headline Financials ▪ 46% Gross margin (IFRS) Up from 44% in Q1/2023 ▪ $7M Net cash burn2 Business updates ▪ Reshaping Nano Initiative delivering results ▪ Expanding customer base $13.36M (vs. $14.97M) Revenue Q1/23 - spillover from 2022 | --- | --- | --- | |--------------------------------------------------------------------|-------|-------| | | | | | | | | | ...

Gross Margin Improvement of 235 bps 46.2% in Q1/2024, Up From 43.9% in Q1/2023 Adjusted Gross Margin Improvement of 265 bps 49.8% in Q1/2024, Up From 47.1% in Q1/2023 "Reshaping Nano Initiative" Taking Effect with 75% Improvement in Net Cash Burn $7.0M in Q1/2024, Compared to $27.4M in Q1/2023 Outstanding Shares Reduced by 15% to 219 Million, Over the Last 15 Months Strong Capital Position and Cash Management Keeps Company On Previously Announced Path of Net Cash Burn for 2024 to be $12-20M Conference Call ...

Gross Margin Improvement of 235 bps 46.2% in Q1/2024, Up From 43.9% in Q1/2023 Adjusted Gross Margin Improvement of 265 bps 49.8% in Q1/2024, Up From 47.1% in Q1/2023 "Reshaping Nano Initiative" Taking Effect with 75% Improvement in Net Cash Burn $7.0M in Q1/2024, Compared to $27.4M in Q1/2023 Outstanding Shares Reduced by 15% to 219 Million, Over the Last 15 Months Strong Capital Position and Cash Management Keeps Company On Previously Announced Path of Net Cash Burn for 2024 to be $12-20M Conference Call ...

New Technology from its Additive Electronics Product Line Increases Dispensing Speed by Up to 3x with Jet- on-the-fly Capability Development to Accelerate Additively Manufactured Electronics ("AME") Waltham, Mass., May 30, 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 and ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced a major ...

New Technology from its Additive Electronics Product Line Increases Dispensing Speed by Up to 3x with Jeton-the-fly Capability Development to Accelerate Additively Manufactured Electronics ("AME") Waltham, Mass., May 30, 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 and ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced a major enh ...

The Company's Global Inkjet Systems ("GIS") Products Are Integrating to Provide Manufacturers with a Comprehensive, One-Stop-Shop Digital Print Solution Waltham, Mass., May 28, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) ("Nano Dimension", "NANO" or the "Company"), a leading supplier of Additively Manufactured Electronics ("AME") and multi-dimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced it is partnering with Esko-Graphics BV ("Esko") ...

The Company's Global Inkjet Systems ("GIS") Products Are Integrating to Provide Manufacturers with a Comprehensive, One-Stop-Shop Digital Print Solution Waltham, Mass., May 28, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) ("Nano Dimension", "NANO" or the "Company"), a leading supplier of Additively Manufactured Electronics ("AME") and multi-dimensional polymer, metal & ceramic Additive Manufacturing ("AM") 3D printing solutions, today announced it is partnering with Esko-Graphics BV ("Esko") ...