Nano Dimension’s Preliminary Q1/2023 Revenues: Approximately $14.6M Best Quarter in the Company’s History
April 10 2023 - 9:08AM
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
31st, 2023.
On a preliminary basis, Nano Dimension reported
unaudited approximated consolidated revenues of $14.6 million for
the first quarter ended March 31st, 2023, a 40% increase over the
first quarter ended March 31st, 2022, and a 21% increase over the
fourth quarter ended December 31st, 2022.
The above information reflects preliminary
estimates with respect to certain results of Nano Dimension for the
first quarter ended March 31st, 2023, 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: “The last quarter of 2022 was “our
best quarter ever” at that time. The first quarter of every year is
expected to be, traditionally, weaker than the rest of the
quarters. However, due to a record organic growth of our DragonFly
IV revenue as well as best quarterly revenue in Additive Electronic
and Software and Hardware Ink Management Systems, the first quarter
of 2023 is now, “our best quarter in revenue, ever.” It is a
manifestation of our organizational development and our sales and
marketing efficiency.”
Click here to watch the video:
https://youtu.be/Kq5ozyF_MNQ
Yoav Stern sheds light on the Preliminary
Quarterly Achievements as well as on M&A activity and Stratasys
process.
A series of other videos are also available on
Nano Dimension’s YouTube channel:
https://www.youtube.com/@NanoDimension.
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 StatementsThis
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,
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
CONTACTInvestor Relations | ir@nano-di.com
NANO DIMENSION MEDIA CONTACTSKal Goldberg /
Bryan Locke / Kelsey Markovich
| NanoDimension@fgsglobal.com
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