3D printer manufacturer Nano Dimension has achieved impressive financial results in the third quarter of 2024. Nano Dimension’s revenue rose to USD 14.9 million in the third quarter of 2024, an increase of 22% compared to USD 12.2 million in the same period last year. In the first nine months of 2024, revenue reached USD 43.2 million, compared to USD 41.9 million in the same period of 2023. At the same time, gross margins improved significantly. From 44.2 % in the third quarter of 2023 to 48.2 % in the current quarter. Adjusted, the gross margin was 50.5 %, up from 48.0 % in the previous year.
Another step forward is the drastic reduction in net cash outflow. This fell to USD 3 million – a decrease of 80% compared to USD 16 million in the third quarter of 2023. This is part of the “Reshaping Nano Initiative”, which aims to improve operational efficiency and ensure long-term profitability. Although the company reported a net loss of USD 8.6 million, this is significantly lower than the loss of USD 66.9 million in the same quarter last year. Excluding the impact of Stratasys shares, the net loss was USD 7.9 million. Adjusted EBITDA also improved to minus USD 14.8 million compared to minus USD 30.1 million in the previous year.
Nano Dimension also announced two important acquisitions in the third quarter: Desktop Metal, Inc. and Markforged Holding Corporation. These acquisitions significantly expand the technology portfolio, particularly in the areas of digital and additive manufacturing. With combined revenues of USD 340 million (based on 2023) and a projected capital base of USD 475 million, the company believes it is well positioned for future growth.
Yoav Stern, CEO of Nano Dimension, emphasized that these achievements confirm the company’s growth strategy. He called on shareholders to support all of the company’s proposals before the Annual General Meeting on December 1, 2024 in order to continue the positive development. Nano Dimension aims to be EBITDA positive by the end of 2026.
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