The Marketing Minute: Staying Positive When the Market Isn’t
Marcy’s Musings: Continuing to Invent the Future With SEL
It’s Only Common Sense: Why Failure Is an Opportunity for Growth
Nano Dimension Announces Q2, H1 2024 Results
August 20, 2024 | Nano DimensionEstimated reading time: 1 minute
Nano Dimension Ltd., a leader in Additively Manufactured Electronics (AME), announced financial results for the second quarter ended June 30, 2024.
Financial Highlights
Revenue:
- For Q2/2024 was $15.0 million, compared to Q2/2023’s $14.7 million.
- For H1/2024 was $28.4 million, compared to H1/2023’s $29.7 million.
Gross Margin (GM):
- For Q2/2024 was 45.4%, compared to Q2/2023’s 44.1%.
- For H1/2024 was 45.8%, compared to H1/2023’s 44.0%.
Adjusted Gross Margin:
- For Q2/2024 was 46.6%, compared to Q2/2023’s 47.5%.
- For H1/2024 was 48.1%, compared to H1/2023’s 47.3%.
Net Income / Loss:
- For Q2/2024 was a loss of $44.3 million, compared to Q2/2023’s loss of $9.4 million.
- For H1/2024 was a loss of $79.2 million, compared to H1/2023’s income of $12.6 million.
Net Income / Loss excluding changes in Company’s holdings in Stratasys’ shares:
- For Q2/2024 was a loss of $12.9 million, compared to Q2/2023’s loss of $21.3 million.
- For H1/2024 was a loss of $22.1 million, compared to H1/2023’s loss of $44.6 million.
Adjusted EBITDA:
- For Q2/2024 was negative $16.1 million, compared to Q2/2023’s negative $23.5 million.
- For H1/2024 was negative $29.7 million, compared to H1/2023’s negative $47.2 million.
Company improves Net cash burn1 by further reduction of expenses :
- For Q2/2024 was negative $11 million, compared to Q2/2023’s negative $31 million.
- For H1/2024 was negative $18 million, compared to H1/2023’s negative $58 million.
Details regarding Adjusted GM, Net Income / Loss excluding changes in Company’s holdings on Stratasys’ shares, Adjusted EBITDA and Net Cash Burn can be found below in this press release under “non-IFRS measures.”
Transformational Acquisition
Nano Dimension also announced a definitive agreement to acquire Desktop Metal, creating a leading force in additive manufacturing. The combination of both companies is expected to accelerate the industry’s transition to integrated digital manufacturing solutions.
CEO Commentary
“We are thrilled to announce another quarter of progress, highlighted by record revenue and improved financial performance,” said Yoav Stern, CEO of Nano Dimension. “Our focus on operational efficiency and cost reduction is yielding positive results, and we are excited about the transformative potential of our acquisition of Desktop Metal.”
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Meet the Round 1 Winners of the Bright Manufacturing Student Challenge 2025
08/20/2025 | Tara Dunn, SMTAThe Bright Manufacturing Student Challenge is an opportunity for student teams to design and develop innovative solutions for real-world electronics manufacturing problems. The eight-week competition, sponsored by the Electronics Manufacturing & Assembly Collaborative (EMAC) through electronicsworkforce.com, allows students to showcase their technical skills, creativity, and problem-solving abilities.
Technica Demo Days Event Proves to Be Beneficial to Customers
08/18/2025 | Technica USATechnica USA’s Demo Days Event, took place August 13–14 at the company’s Demo Center in San Jose, California. The event featured live demonstrations and presentations from key supply partners ESSEMTEC, INOVAXE, and PARMI showcasing the latest innovations in SMT manufacturing and automation technology.
Hall of Fame Spotlight Series: Highlighting Jerry Siegmund
08/15/2025 | Dan Feinberg, I-Connect007The Raymond E. Pritchard Hall of Fame (HOF) Award has been awarded to those who have contributed significantly to the Global Electronics Association (formerly known as IPC) and our industry. Though many early HOF members have passed away and are unknown to today’s membership, their contributions still resonate. This special series on Hall of Fame members provides a reminder of who was honored and why.
Survey Says Reshoring is a TCO Equation
08/13/2025 | Nolan Johnson, SMT007 MagazineHarry Moser, founder of the Reshoring Initiative, and Kathy Nunnally of Regions Recruiting partnered to survey contract manufacturers and OEMs earlier this year, querying them about their offshoring beliefs and practices. They found that while offshoring, tariffs, trade balances, and the like, are important to a company’s bottom line, there’s a larger and more extensive issue: workforce. In this interview, they detail the results of that survey and what they believe can and should be done to fix this long-standing issue.
Dan’s Biz Bookshelf ‘House of Huawei'
08/14/2025 | Dan Beaulieu -- Column: Dan's Biz BookshelfEva Dou’s "House of Huawei" is one of the most gripping business books I’ve read in years, and believe me, I’ve read my fair share. This is not just another corporate biography. It’s a geopolitical thriller, except every word is true. People have painted the Chinese tech giant Huawei as a villain, a threat, and an enigma in equal measure. However, Dou cuts through the noise and delivers something few Western reporters have managed: a fair, balanced, and thoroughly researched look at the company everyone in tech has an opinion about, but few understand.