Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the
“Company”), a leading supplier of
Additively
Manufactured
Electronics (“AME”)
and multi-dimensional polymer, metal & ceramic
Additive
Manufacturing (“AM”) 3D
printers, announced today a preview of its financial results for
the third quarter and the nine months ended September 30th,
2022.
On a preliminary basis, Nano Dimension reported
unaudited approximated consolidated revenues of $10 million for
Q3/2022, which represents a 646% increase over the same period
in 2021.
For the nine months period ended September
30th, 2022 revenue was $31.5 million, which represents a
963% increase over the same period in 2021.
The Company also reported a record-high backlog
of above $9 million as of September 30th, 2022. Consolidated cash,
investment in trading securities and deposits balances as of
September 30th, 2022, were approximately $1,188,000,000.
The above information reflects preliminary
estimates with respect to certain results of Nano Dimension for the
third quarter and nine months ended September 30th, 2022, based on
currently available information. The final results may vary from
the preliminary
estimates. Nano
Dimension will release its full financial results for the third
quarter and nine months ended September 30th, 2022, before the
Nasdaq market opens on Thursday, December 1st, 2022. Yoav Stern,
Chairman and Chief Executive Officer, Yael Sandler, Chief Financial
Officer, and Julien Lederman, Head of Corporate Development, will
host a conference call on December 1st, 2022, at 9:00 a.m. ET, to
discuss the financial results.
We encourage participants to pre-register for
the conference call using the following link:
https://dpregister.com/sreg/10172491/f4dc959048
Callers who pre-register will be given a
conference passcode and unique PIN to gain immediate access to the
call and bypass the live operator. Participants may pre-register at
any time, including up to and after the call start time.
A live, listen-only webcast of the call will be
available at the following
link:https://event.choruscall.com/mediaframe/webcast.html?webcastid=dJL0SDBd
Those without internet access or unable to
pre-register may dial in by calling:PARTICIPANT DIAL IN
(TOLL FREE): 844-695-5517PARTICIPANT INTERNATIONAL
DIAL IN: 1-412-902-6751ISRAEL TOLL FREE:
1-80-9212373
The webcast will be archived for three months on
our investor relations website at
https://investors.nano-di.com/investor-relations
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 an 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-PED®s)
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 is all
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, semiconductors,
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 third quarter
ended September 30, 2022 and for the nine months ended September
30, 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 Contact:Laine
Yonker, Investor Relations, Edison Group |
lyonker@edisongroup.com
Nano Dimension Media Relations Contact:Adam
Fray, Director of Marketing
| pr@nano-di.com
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