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 ...

Core Insights - Nano Dimension Ltd. has appointed Ambassador Georgette Mosbacher to its Board of Directors, bringing a diverse perspective from her extensive experience in both the private and public sectors [1][5]. Company Overview - Nano Dimension is a leading supplier of Additively Manufactured Electronics (AME) and multidimensional polymer, metal, and ceramic Additive Manufacturing (AM) 3D printing solutions [1][6]. - The company's vision is to transform electronics and mechanical manufacturing into Industry 4.0, focusing on environmentally friendly and economically efficient precision additive manufacturing [6]. Leadership and Experience - Ambassador Mosbacher has a notable background as the former CEO of Borghese, Inc. and La Prairie Group AG, and she has held leadership roles in various organizations, including Skybridge Capital LLC and the Atlantic Council [2]. - She served as the U.S. Ambassador to Poland from 2016 to 2020, receiving the Grand Cross of the Order of Merit from the President of Poland for her service [3]. Strategic Goals - The company aims to extend its business to become an international digital manufacturing leader, leveraging Ambassador Mosbacher's global experience and ability to build bridges [5]. - Nano Dimension's strategy includes the application of deep learning-based AI to enhance manufacturing capabilities and manage a distributed manufacturing network via the cloud [7]. Product and Market Reach - Nano Dimension has served over 2,000 customers across various sectors, including aerospace, defense, advanced automotive, and medical technology [8]. - The company designs and manufactures Additive Electronics and 3D printing machines, enabling high-performance electronic devices and applications with micron precision [8][9].

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") ...