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 first quarter ended March
31, 2022.
On a preliminary basis, Nano Dimension reported
unaudited approximate consolidated revenues of $10.5 million for
the first quarter ended March 31st, 2022, a 39% increase over the
fourth quarter ended December 31st, 2021, and a 1,195% increase
over the first quarter ended March 31st, 2021. Consolidated cash
and deposits balances as of the same date were approximately
$1,311,000,000.
Nano Dimension will release its full financial
results for the first quarter ended March 31st, 2022, before the
Nasdaq market opens on Tuesday, May 31st, 2022. The above
information reflects preliminary estimates with respect to certain
results of Nano Dimension for the first quarter ended March 31st,
2022, based on currently available information. The final first
quarter results may vary from the preliminary estimates.
Yoav Stern, Chairman and Chief Executive Officer
of Nano Dimension, commented: “If we use Q1/2022 revenue
expectations as an indication for full year 2022, our 2022 annual
revenue is on a pace to grow approximately 300% over 2021 revenue.
If this occurs, the Company will grow its revenue over 12 times
from 2020 to 2022. This growth rate is higher than what we have
expected in January 2022, which was estimated to be 200%. All
these assumptions are of course subject to no critical changes in
the world economy and our relevant target markets, resulting from
current international affairs and/or other factors.”
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 unaudited financial results for the first quarter
ended March 31, 2022, as well as the expected pace of revenue
growth over the full year 2022. 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 31, 2022, 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
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