Nano Dimension Announces Preliminary Q2/2023 Results Demonstrating Another Stellar Quarterly Performance With Revenues Showing 48% Organic Growth Since Q3/2022
Revenue of $14.8 million for Q2/2023 - 33% Increase Over Q2/2022
Revenue of $29.7 million for H1/2023 - 38% Increase Over H1/2022
Waltham, Massachusetts, July 06, 2023 (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 printers, today announced its preliminary financial results for the second quarter ended June 30th, 2023 (Q2/2023).
Nano Dimension reported unaudited approximated consolidated revenues of $14.8 million for the Q2/2023, a 33% increase over Q2/2022, and $29.7 million for H1/2023, a 38% increase over H1/2022.
Yoav Stern, Chairman and Chief Executive Officer of Nano Dimension, commented: “This quarter is another testament to the success of our business model and strategic initiatives that drive both organic and inorganic growth, including recent, disciplined acquisitions and successful integrations that have positioned us as a leader in the industry. We have continued to outperform with 48% organic revenue growth since Q3/2022, despite macroeconomic uncertainties that have impacted the entire sector. These preliminary results also demonstrate the efficacy of our research and development efforts, as well as our effective operations, marketing, and sales functions across all product lines.”
The above information reflects preliminary estimates with respect to certain results of Nano Dimension for the second quarter ended June 30th, 2023, based on currently available information.
The final second quarter results may vary from the preliminary estimates.
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.
Nano Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.
Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision.
Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing. For more information, please visit www.nano-di.com.
Forward-Looking Statements
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 such words are intended to identify forward-looking statements. For example, Nano Dimension is using forward-looking statements in this press release when it discusses its preliminary unaudited financial results for the second quarter ended June 30th, 2023. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties. Actual results, performance, or achievements of Nano Dimension could differ materially from those described in or implied by the statements 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 the heading “Risk Factors” in Nano Dimension’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 30, 2023, and in any 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 unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Investor Relations | ir@nano-di.com
NANO DIMENSION MEDIA CONTACTS
Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com
