Nano Dimension Ltd. - American Depositary Shares (NNDM)
2.1100
0.00 (0.00%)
Nano Dimension is a technology company that specializes in the development and manufacturing of advanced 3D printing solutions, particularly for electronic components
The company focuses on providing innovative additive manufacturing technologies that enable the production of complex printed circuit boards and other electronic systems. By leveraging its proprietary technology, Nano Dimension aims to revolutionize the electronics industry, offering enhanced design flexibility, rapid prototyping, and reduced manufacturing costs. Through its efforts, the company seeks to empower engineers and designers to create highly intricate electronic devices with increased efficiency and precision.
Nano Dimension will acquire all outstanding shares of Markforged in an all-cash deal at $5.00 per share. The aggregate total consideration payable to Markforged's shareholders is $115 million.
Nano Dimension reports Q2 revenues of $14.99 million, up from $14.74 million a year ago. Adjusted gross profit declined. The company recently acquired Desktop Metal.
Nano Dimension Ltd. (NASDAQ: NNDM) shares traded higher on Wednesday after the company announced preliminary second-quarter results and a strategic acquisition of Desktop Metal.
Nano Dimension acquires Desktop Metal for $183 million, offering a 27.3% premium. Combined company expects $246M revenue in 2023 and $665M cash position.
Nano Dimension Ltd reported Q1 revenue of $13.36M, down 10.7% YoY. EPS loss $(0.15) vs $0.09 YoY, attributed to decreased product sales. Adjusted gross profit $6.65M, margin improved to 49.8%. Company holds $793.08M in cash. Recently reduced workforce and Executive Management group by 25% expected to save $30M annually.
Companies Reporting Before The Bell • Creative Realities (NASDAQ:CREX) is expected to report quarterly earnings at $0.02 per share on revenue of $16.47 million.
Stratasys reported Q4 FY23 revenue of $156.3M, beating consensus. Adjusted gross margin rose to 48.8% while operating income and EBITDA declined. FY24 outlook predicts revenue of $630M-$645M, adjusted EPS of $0.12-$0.19, EBITDA of $40M-$45M, and operating margins of 2.5%-3.5%. CEO Yoav Zeif is confident in the company's leadership in additive manufacturing and expects growth and profitability to increase as economic conditions improve.
