Global PCB Connections: Rigid-flex and Flexible PCBs—The Backbone of Modern Electronics
Flexible Thinking: The Key to a Successful Flex Circuit Design Transfer
Happy’s Tech Talk #29: Bend-to-Install Semi-flex FR-4
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:
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
07/18/2025 | Nolan Johnson, I-Connect007It may be the middle of the summer, but the news doesn’t quit, and there’s plenty to talk about this week, whether you’re talking technical or on a global scale. When I have to choose six items instead of my regular five, you know it’s good. I start by highlighting my interview with Martyn Gaudion on his latest book, share some concerning tariff news, follow that up with some promising (and not-so-promising) investments, and feature a paper from last January’s inaugural Pan-European Design Conference.
Report: Broadcom Scraps $1 Billion Chip Investment in Spain
07/15/2025 | I-Connect007 Editorial TeamAmerican chipmaker Broadcom has pulled out of plans to invest in a microchip plant in Spain. According to a July 14 Reuters report, Europa Press, quoting anonymous sources, stated the action followed collapsed government talks but gave no further information.
IPC Hall of Fame Spotlight Series: Highlighting Lionel Fullwood
07/15/2025 | Dan Feinberg, I-Connect007Many IPC members who have contributed significantly to IPC and our industry have been awarded the IPC Raymond E. Pritchard Hall of Fame (HOF) Award. Though many early HOF members have passed away and are unknown to today’s IPC membership, their contributions still resonate. This special series on IPC Hall of Fame members provides a reminder of who was honored and why. As a bonus, for those who are still around, we get to find out what these talented individuals are up to today.
I-Connect007 Observes U.S. Independence Day Holiday
07/04/2025 | Nolan Johnson, I-Connect007Today marks the 248th anniversary of the signing of the American Declaration of Independence by the Continental Congress. Known widely in the U.S. as Independence Day or “The Fourth of July,” this day also commemorates the declaration by the Congress that the American colonies are free and independent states.
MRSI Systems, LLC Files Patent Infringement Lawsuit Against Suzhou LieQi in China
06/16/2025 | MRSI Systems, LLCMRSI Systems, LLC (a part of Mycronic Group), a global high-tech company that provides high precision production solution in electronics industry, filed a patent infringement lawsuit against Suzhou LieQi Intelligent Equipment Co., Ltd. (SZLQ) with Shenzhen Intermediate People’s Court for infringement of MRSI Systems’ patent related to die bonder (Case No. (2025) YUE03minchu No. 7154).