Nano Dimension Preliminary Q2/2022 Revenue: ~$11M
1,275% increase from Q2/2021 and 5.5% increase from Q1/2022
September 1 conference callst2022, 9 a.m. ET
Waltham, Mass., July 27e2022 — Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the “Company”), a leading provider of 3D printers for electronics additive manufacturing (“AME”) and multidimensional metal and ceramic additive manufacturing (“AM”), announced today an overview of its financial results for the second quarter and the six months ended June 30e2022.
On a preliminary basis, Nano Dimension reported unaudited approximate consolidated revenue of $11 million for the second quarter of 2022, ended June 30e2022, an increase of 1,275% compared to Q2/2021 ended June 30e2021, and an increase of 5.5% compared to Q1/2022 ended March 31st2022.
Preliminary Company revenue for the first half of 2022, six months ended June 30e2022, were $21.5 million, an increase of 1,244% over the first half of 2021, six months ended June 30e2021. Consolidated cash, trading securities investments and deposit balances as of June 30e 2022, were approximately $1,267,000,000.
The above information reflects preliminary estimates regarding certain Nano Dimension results for the second quarter and six months ended June 30.e, 2022, based on currently available information. Final results may differ from preliminary estimates.
Nano Dimension to Release Full Financial Results for the Second Quarter and Six Months Ended June 30e2022, before the Nasdaq market opens on Thursday, September 1st2022. Mr. Yoav Stern, CEO of Nano Dimension, and Ms. Yael Sandler, CFO of Nano Dimension, will host a conference call on September 1st2022, at 9:00 a.m. ET, to discuss financial results.
To participate in the conference call, please dial one of the following teleconference numbers. Please begin by placing your call five minutes before the start of the conference call.
Call number in the United States: 1-866-744-5399
Telephone number in Israel: 972-3-9180692
Webcast link: https://veidan.activetrail.biz/nanodimensionq2-2022
At: 9:00 a.m. Eastern Time, 6:00 a.m. Pacific Time, 4:00 p.m. Israel Time
A replay will be available after the conference call ends on the Nano Dimension website. Attendees will need to provide their name and company when calling.
About Nano Dimension
The vision of Nano Dimension (Nasdaq: NNDM) is to transform the electronics and similar additive manufacturing sectors through the development and delivery of an environmentally friendly and economically efficient additive manufacturing solution, Industry 4.0, while enabling a conversion in one production step from digital designs to functional devices – on demand, anytime, anywhere.
The Dragonfly® IV system and specialized materials serve the entire industry Hhigh-Pperformance-Eelectronic-Ddevices (Hi-ped®s) manufacturing needs by simultaneously depositing proprietary conductive and dielectric substanceswhile integrating in situ capacitors, antennas, coils, transformers and electromechanical components. The results are Hi-PED which are key enablers of autonomous smart drones, cars, satellites, smartphones and in vivo medical devices. Additionally, these products enable iterative development, IP security, rapid time to market, and device performance gains.
Nano Dimension also develops complementary production equipment for Hi-PED and printed circuit board (PCB) assembly (cougar, fox, tarantula, spider, etc.). The main competitive advantage of this technology is its adaptive and highly flexible surface mount technology (SMT) pick and place equipment, material dispenser suitable for both high-speed and micro-dispensing , as well as intelligent storage of production materials. and logistics system.
Additionally, Nano Dimension is a leading developer and supplier of high performance control electronics, software and ink supply systems. It invents and supplies state-of-the-art 2D and 3D printing hardware and unique operating software. It focuses on high-value, precision-driven applications such as specialty packaging direct to containers, printed electronic functional fluids, and 3D printing, all of which are controlled by the proprietary software system – Atlas.
Serving similar users of Hi-PEDnanodimensions Factory 2.0 The additive microfabrication system enables the production of microparts based on a digital light processor (DLP) engine that achieves repeatable micron resolution. The Fabrica 2.0 is designed with a patented range of sensors that enables a closed feedback loop, using proprietary materials to achieve very high accuracy while remaining a cost effective mass manufacturing solution. It is used in the fields of micron-level resolution of medical devices, micro-optics, semiconductors, micro-electronics, micro-electro-mechanical systems (MEMS), microfluidics and life science instruments.
For more information, visit www.nano-di.com.
This press release 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”, “seeks”, “estimates” and similar expressions or variations of these words are intended identify forward-looking statements. For example, Nano Dimension uses forward-looking statements in this press release when discussing its preliminary unaudited financial results for the second quarter ended June 30, 2022 and for the six months ended June 30, 2022. Because these statements address future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties. The actual results, performance or achievements of Nano Dimension may differ materially from those described or implied by the statements contained in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, and in all subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events. References and links to websites have been provided as a convenience, and information contained on such websites is not incorporated by reference in this press release. Nano Dimension is not responsible for the content of third party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Yael Sandler, Chief Financial Officer | [email protected]
NANO DIMENSION PRESS RELATIONS CONTACT
Julien Lederman, Corporate Development Manager | [email protected]