Nano Dimension Announces Financial Results for the Second Quarter 2025

Core Viewpoint - Nano Dimension Ltd. reported its financial results for the second quarter of 2025, highlighting significant revenue growth and ongoing challenges related to recent acquisitions and operational restructuring [1][5]. Financial Performance - Revenue for the second quarter reached $25.8 million, representing a 72.4% increase from $15.0 million year-over-year [8]. - Gross Margin decreased to 27.3%, down from 44.7% year-over-year, while Adjusted Gross Margin fell to 44.7% from 46.1% [8]. - The company reported an Adjusted EBITDA loss of $16.7 million, compared to a loss of $14.6 million year-over-year [8]. - Net Loss from Continuing Operations was $11.4 million, improved from a loss of $44.6 million year-over-year [8]. - Total cash, cash equivalents, deposits, and investable securities amounted to $551.0 million as of June 30, 2025, down from $840.4 million as of March 31, 2025 [8]. Acquisitions and Strategic Initiatives - The financial results include the consolidation of Markforged Holding Corporation, which contributed $16.1 million in revenue and a gross profit of $3.4 million since its acquisition on April 25, 2025 [2]. - Desktop Metal was acquired on April 2, 2025, but has faced significant challenges, including a $139.4 million impairment and a loss from operations of $30.4 million [3]. - Desktop Metal filed for Chapter 11 bankruptcy on July 28, 2025, to address its liabilities and liquidity needs [4]. - A strategic alternatives review has been initiated to maximize shareholder value and explore new opportunities [6][9]. Leadership Changes - David S. Stehlin was appointed as the new Chief Executive Officer effective September 8, 2025, focusing on leveraging the company's strengths and addressing challenges [9]. Revenue Breakdown - Revenue by product for the second quarter included $16.7 million from hardware, $5.9 million from consumables, and $3.2 million from services [27]. - Geographic revenue distribution showed $10.99 million from the Americas, $11.65 million from EMEA, and $3.20 million from APAC [29].