Nano Dimension Announces Q3/2024 Results – The Best 3rd Quarter in the Company's History

Financial Performance - Revenue for Q3 2024 was $14.9 million, a 22$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$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]