Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
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
Nano Dimension Posts Revenue of Revenue $14.9M in Q3 2024; Up 22% YoY
11/20/2024 | Nano DimensionNano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions, today announced financial results for the third quarter ended September 30th , 2024 and shared a letter from Yoav Stern, the Company’s Chief Executive Officer and member of the Board of Directors.
Eltek Reports Q3 2024 Financial Results
11/20/2024 | PRNewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended September 30, 2024.
Orbex Welcomes Contract Extension and Additional Funding from ESA’s Boost! Programme
11/19/2024 | OrbexLeading orbital launch services company, Orbex has today welcomed the extension of its contract with the European Space Agency’s (ESA) Boost! Programme and additional funding of €5.6 million.
PCB Carolina’s Formula: Industry Experts and Catered Food
11/18/2024 | Andy Shaughnessy, Design007 MagazinePCB Carolina organizers at the Better Boards design bureau seem to have found the perfect formula: Industry experts plus catered food equals a constantly expanding show. This one-day tabletop show has been growing for two decades, and that trendline continued with this year’s event on November 13.
TSMC Pioneering Circular Economy in Semiconductor Manufacturing
11/13/2024 | TSMCTSMC marked a significant milestone in sustainable manufacturing with the inauguration of the Taichung Zero Waste Manufacturing Center.