Nano Dimension’s Approximated Revenues: 4th Quarter and Full Year 2021: $7M and $10M; 255% Increase Over Q4/2020 and 420% Increase Over Q3/2021; 194% Increase Over Full Year 2020;
January 31 2022 - 8:41AM
Nano Dimension Ltd. (“Nano Dimension” or the “Company”) (Nasdaq:
NNDM), an industry-leader in
Additively
Manufactured
Electronics
(
AME),
Printed
Electronics (
PE), and
Micro
Additive
Manufacturing
(
Micro-
AM), today announced a
preview of its financial results for the fourth quarter ended
December 31st, 2021 and full year ended December 31, 2021.
On a preliminary basis, Nano Dimension reported
unaudited approximated consolidated revenues of $7 million for the
fourth quarter ended December 31, 2021, and $10 million for the
full year ended December 31, 2021. Unaudited consolidated cash and
deposits balances as of the same date were approximately
$1,355,000,000.
The above information reflects preliminary
estimates with respect to certain results of Nano Dimension for the
full year ended December 31, 2021, based on currently available
information. Because the audit for 2021 is in early stages, Nano
Dimension’s final results may vary from the preliminary
estimates.
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to
transform the electronics and similar additive
manufacturing sectors through the development and
delivery of environmentally friendly and economically efficient
additive manufacturing, Industry 4.0 solution, while enabling
a one-production-step-conversion of
digital designs into functioning devices – on demand, anytime,
anywhere.
The DragonFly
IV® system and specialized materials serve
cross-industry High-Performance Electronic Devices (Hi-PEDs®) fabrication
needs by simultaneously depositing proprietary conductive and
dielectric substances, while integrating in-situ capacitors,
antennas, coils, transformers, and electromechanical components.
The outcomes are Hi-PEDs® which are
critical enablers of autonomous intelligent drones, cars,
satellites, smartphones, and in vivo medical devices. In addition,
these products enable iterative development, IP safety, fast
time-to-market, and device performance gains.
Nano Dimension also develops complementary
production equipment for Hi-PEDs® and
printed circuit board (PCB) assembly (Puma,
Fox, Tarantula, Spider etc.). The core
competitive edge for this technology is in its adaptive, highly
flexible surface-mount technology (SMT) pick-and-place equipment,
materials dispenser suitable for both high-speed dispensing and
micro-dispensing, as well as an intelligent production material
storage and logistics system.
Additionally, Nano Dimension is a leading
developer and supplier of high-performance control electronics,
software, and ink delivery system. It invents and delivers
state-of-the-art 2D and 3D printing hardware and unique operating
software. It focuses on high-value, precision-oriented
applications such as specialized direct-to-container packaging,
printed electronics functional fluids, and 3D printing, which can
all be controlled by the proprietary software system
- Atlas.
Serving similar users of
Hi-PEDs®, Nano Dimension’s Fabrica
2.0 micro additive manufacturing system enables the
production of microparts based on a Digital Light Processor (DLP)
engine that achieves repeatable micron levels resolution. The
Fabrica 2.0 is engineered with a patented array of sensors that
allows 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 areas of micron-level
resolution of medical devices, micro-optics, semi-conductors,
micro-electronics, micro-electro-mechanical systems (MEMS),
microfluidics, and life sciences instruments.
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 financial results for the fourth quarter ended
December 31, 2021 and full year ended December 31, 2021. 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 11, 2021, 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 CONTACTYael
Sandler, CFO | ir@nano-di.com
U.S. Investor Relations:Dave GentryRedChip
Companies Inc.Dave@redchip.com
407-491-4498 or 1-800-RED-CHIP (733-2447)
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