Loading..

Nano Dimension Ltd. (NNDM) Press Release

Corporate Events

Negative

Nano Dimension Ltd. Appoints Saul Simon to the ...

2022-06-02 12:34:00

Nano Dimension Ltd. announced the appointment of Saul Simon to the Board of Directors of the Company, effective June 2, 2022. Mr. Simon has de...

Positive

Nano Dimension Ltd. (NasdaqCM:NNDM) announces a...

2022-05-17 09:07:00

Nano Dimension Ltd. (NasdaqCM:NNDM) announces a share repurchase program. Under the program, the company will repurchase up to $100 million wo...

Positive

Nano Dimension Ltd. authorizes a Buyback Plan.

2022-05-17 00:00:00

The Board of Directors of Nano Dimension Ltd. has authorized a buyback plan on May 17, 2022.

Neutral

Nano Dimension Ltd., Annual General Meeting, Ju...

2022-05-03 20:22:00

Nano Dimension Ltd., Annual General Meeting, Jun 07, 2022, at 13:00 Israel Standard Time. Location: 2 Ilan Ramon Ness Ziona Israel Agenda: To ...

Positive

Nano Dimension Ltd. Reports Unaudited Consolida...

2022-05-03 12:30:00

Nano Dimension Ltd. reported unaudited consolidated revenue results for the first quarter ended March 31, 2022. For the quarter, the company r...

Neutral

Nano Dimension Ltd. Provides Revenue Guidance f...

2022-05-03 12:30:00

Nano Dimension Ltd. provided revenue guidance for the year 2022. For the year, the company's 2022 annual revenue is on a pace to grow approxim...

Neutral

Nano Dimension Ltd. to Report Q1, 2022 Results ...

2022-04-27 12:30:00

Nano Dimension Ltd. announced that they will report Q1, 2022 results Pre-Market on May 31, 2022

Neutral

Nano Dimension Ltd., Q1 2022 Earnings Call, May...

2022-04-27 12:30:00

Nano Dimension Ltd., Q1 2022 Earnings Call, May 31, 2022

Positive

Nano Dimension Ltd. Moves US Headquarters to Gr...

2022-04-11 12:30:00

Nano Dimension Ltd. announced the opening of its new US headquarters in Waltham, a community in the Boston metropolitan area. As part of its b...

Negative

Nano Dimension Ltd. Appoints Channa Caspi to th...

2022-04-06 12:40:00

Nano Dimension Ltd. announced the appointment of Col. (Ret.) Channa (Hanny) Caspi to the Board of Directors of the Company, effective immediat...

Neutral

Nano Dimension Ltd. to Report Fiscal Year 2021 ...

2022-03-14 13:00:00

Nano Dimension Ltd. announced that they will report fiscal year 2021 results Pre-Market on Mar 31, 2022

Neutral

Nano Dimension Ltd., 2021 Earnings Call, Mar 31, 2022

2022-03-14 13:00:00

Nano Dimension Ltd., 2021 Earnings Call, Mar 31, 2022

Positive

Nano Dimension Ltd. Announces Preliminary Unaud...

2022-01-31 13:41:00

Nano Dimension Ltd. announced preliminary unaudited consolidated revenue results for the fourth quarter and full year ended December 31, 2021....

Neutral

Nano Dimension Sells Another DragonFly IV 3D-AM...

2022-01-04 14:01:00

Nano Dimension Ltd. announced that it has sold yet another DragonFly IV 3D-AME Printer and FLIGHT Applications Software package, both first re...

Positive

Nano Dimension Announces First Two Sales of Dra...

2021-12-06 14:25:00

Nano Dimension Ltd. announced that it has sold the first two DragonFly IV 3D-AME Printers, in addition to the two machines that have completed...

Neutral

Nano Dimension Ltd., Q3 2021 Earnings Call, Nov...

2021-11-15 14:00:00

Nano Dimension Ltd., Q3 2021 Earnings Call, Nov 24, 2021

Neutral

Nano Dimension Ltd. to Report Q3, 2021 Results ...

2021-11-15 14:00:00

Nano Dimension Ltd. announced that they will report Q3, 2021 results Pre-Market on Nov 24, 2021

Positive

Nano Dimension Ltd. Announces New DragonFly IV ...

2021-11-08 13:00:00

Nano Dimension Ltd. introduced its new DragonFly IV printer and FLIGHT software platform. Nano Dimension is the leading provider of intelligen...

Positive

Essemtec Ag, Nano Dimension Ltd. - M&A Call

2021-11-03 13:00:00

To update on the acquisition of Essemtec AG

Positive

Nano Dimension Ltd. (NasdaqCM:NNDM) entered int...

2021-11-03 00:00:00

Nano Dimension Ltd. (NasdaqCM:NNDM) entered into a share purchase agreement to acquire Essemtec Ag from shareholders for CHF 22.7 million on N...

Neutral

Nano Dimension to Deliver Fabrica 2.0 System to...

2021-10-05 13:15:00

Nano Dimension Ltd. announced that it has met the final milestone to complete the delivery of its Fabrica 2.0 System for micro precision addit...

Neutral

Nano Dimension Announces Collaboration with Fra...

2021-09-07 20:10:00

Nano Dimension Ltd. announced a collaboration with the Fraunhofer Institute for Manufacturing Engineering and Automation IPA (Fraunhofer IPA),...

Positive

Nano Dimension Ltd. to Unveil Fabrica 2.0 Syste...

2021-08-30 13:00:00

Nano Dimension Ltd. announced that the Fabrica 2.0 Micro Additive Manufacturing (AM) System (Fabrica 2.0) will be exhibited at the RAPID + TCT...

Neutral

Nano Dimension Ltd., Q2 2021 Earnings Call, Aug...

2021-08-04 13:20:00

Nano Dimension Ltd., Q2 2021 Earnings Call, Aug 18, 2021

Neutral

Nano Dimension Ltd. to Report Q2, 2021 Results ...

2021-08-04 13:20:00

Nano Dimension Ltd. announced that they will report Q2, 2021 results Pre-Market on Aug 18, 2021

Positive

Nano Dimension and Hensoldt Ag Announce A Joint...

2021-07-01 13:00:00

Nano Dimension Ltd. announced that it has formed a partnership with HENSOLDT AG. The recently formed joint venture entity is named J.A.M.E.SGm...

Negative

Nano Dimension Ltd. Announces Appointment of Se...

2021-06-29 13:00:00

Nano Dimension Ltd. announced that Sean Patterson will join as President of Nano Dimension - Americas and will report to Zivi Nedivi, Global P...

Negative

Nano Dimension Ltd. Appoints Saul Simon to the Board of Directors, Effective June 2, 2022

2022-06-02 12:34:00

Nano Dimension Ltd. announced the appointment of Saul Simon to the Board of Directors of the Company, effective June 2, 2022. Mr. Simon has decades of experience building industry-leading automation platforms in the fields of man-machine interface, software development tools, natural language processing, data science and user-oriented AI systems. He is an expert on identifying situations where technology innovation provides a potential breakthrough in business performance, working intimately with research and development (R&D) ensuring the product is spot on and timely delivered. While working for Signals Analytics Ltd. in 2013-2019, a customized big data analysis automated research provider, Mr. Simon conceived a fully automated “production line” platform and worked closely with R&D to build it. This AI based platform removed over 95% of the manual effort, handled an order of magnitude more data, and delivered remarkably more accurate results. While working for Retalix Ltd. in 1998-2009, Mr. Simon invented a groundbreaking Loyalty and Promotion platform. As the best-selling product in its space for several years, it was also selected by Gartner as the number 1 product in its category for 3 years in succession. Mr. Simon is a Major (Ret.) and served in the air force as a Phantom F-4 and F-15 fighter pilot. He is a graduate with distinction of the Israeli Air Force Academy and received a Bachelor of Science degree in Mathematics and Computer Science from Tel Aviv University.

Positive

Nano Dimension Ltd. (NasdaqCM:NNDM) announces an Equity Buyback for $100 million worth of its shares.

2022-05-17 09:07:00

Nano Dimension Ltd. (NasdaqCM:NNDM) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its its American depository shares. The repurchase program will be valid for 1 year.

Positive

Nano Dimension Ltd. authorizes a Buyback Plan.

2022-05-17 00:00:00

The Board of Directors of Nano Dimension Ltd. has authorized a buyback plan on May 17, 2022.

Neutral

Nano Dimension Ltd., Annual General Meeting, Jun 07, 2022

2022-05-03 20:22:00

Nano Dimension Ltd., Annual General Meeting, Jun 07, 2022, at 13:00 Israel Standard Time. Location: 2 Ilan Ramon Ness Ziona Israel Agenda: To re-appoint Somekh Chaikin, Certified Public Accountants (Israel), a member of KPMG International, as the Company’s independent auditor firm of the Company until the next annual general meeting of the shareholders, and to authorize the Company’s Board of Directors to determine their compensation until the next annual general meeting; to re-elect Messrs. Simon Anthony-Fried, Mr. Roni Kleinfeld, and J. Christopher Moran as Class II directors for a three-year term; to approve an update to the Company’s compensation policy; and to consider discussion regarding the Company’s financial statements and annual report for the year ended December 31, 2021.

Positive

Nano Dimension Ltd. Reports Unaudited Consolidated Revenue Results for the First Quarter Ended March 31, 2022

2022-05-03 12:30:00

Nano Dimension Ltd. reported unaudited consolidated revenue results for the first quarter ended March 31, 2022. For the quarter, the company reported revenues of $10.5 million.

Neutral

Nano Dimension Ltd. Provides Revenue Guidance for the Year 2022

2022-05-03 12:30:00

Nano Dimension Ltd. provided revenue guidance for the year 2022. For the year, the company's 2022 annual revenue is on a pace to grow approximately 300% over 2021 revenue.

Neutral

Nano Dimension Ltd. to Report Q1, 2022 Results on May 31, 2022

2022-04-27 12:30:00

Nano Dimension Ltd. announced that they will report Q1, 2022 results Pre-Market on May 31, 2022

Neutral

Nano Dimension Ltd., Q1 2022 Earnings Call, May 31, 2022

2022-04-27 12:30:00

Nano Dimension Ltd., Q1 2022 Earnings Call, May 31, 2022

Positive

Nano Dimension Ltd. Moves US Headquarters to Greater Boston Metropolitan Area

2022-04-11 12:30:00

Nano Dimension Ltd. announced the opening of its new US headquarters in Waltham, a community in the Boston metropolitan area. As part of its business plan, the Company is relocating its US Headquarters to the greater Boston, MA area. Nano Dimension will now work in closer vicinity to academic and research institutions which are key early adopters of its ground-breaking solutions for AME, PE, and Micro-AM. company’s new facility is near the Massachusetts Institute of Technology (MIT), Harvard, and Boston University, among many other private and public universities and research-and-development labs. The company has already brought on two industry insiders to help navigate the new landscape of academia and technology innovators. Gene Howard Weiner, a legendary veteran of the printed circuit board (PCB) marketplace for decades, has been retained as a consultant through his Massachusetts firm Weiner International Associates. Current and prospective customers are welcome to come and visit the new office by appointment, and the Company will be hosting an official open house this summer. Details related to the event will be announced in the coming weeks.

Negative

Nano Dimension Ltd. Appoints Channa Caspi to the Board of Directors

2022-04-06 12:40:00

Nano Dimension Ltd. announced the appointment of Col. (Ret.) Channa (Hanny) Caspi to the Board of Directors of the Company, effective immediately. Col. (Ret.) Caspi is the Chief Executive Officer of C-OP Ltd. a position she has held since 2013. She had served for almost 30 years in the Israeli Defense Forces (IDF). She was the Head of the IDF International Defense Cooperation Department, designing international relations policy, expanding the security state connections and initiating, planning and organizing mutual activities with foreign defense forces - dialogues, visits and joint exercises. Prior to that, Ms. Caspi had served as the IDF Defense Attaché to The Netherlands, Belgium and Luxemburg and IDF representative to NATO. She was credited for strengthening the cooperation between the IDF and the Netherlands Defense Forces, including expansion of the defense export and the relations between the Israeli and Dutch defense establishments.

Neutral

Nano Dimension Ltd. to Report Fiscal Year 2021 Results on Mar 31, 2022

2022-03-14 13:00:00

Nano Dimension Ltd. announced that they will report fiscal year 2021 results Pre-Market on Mar 31, 2022

Neutral

Nano Dimension Ltd., 2021 Earnings Call, Mar 31, 2022

2022-03-14 13:00:00

Nano Dimension Ltd., 2021 Earnings Call, Mar 31, 2022

Positive

Nano Dimension Ltd. Announces Preliminary Unaudited Consolidated Revenue Results for the Fourth Quarter and Full Year Ended December 31, 2021

2022-01-31 13:41:00

Nano Dimension Ltd. announced preliminary unaudited consolidated revenue results for the fourth quarter and full year ended December 31, 2021. On a preliminary basis, the company reported unaudited approximated consolidated revenues of $7 million for the fourth quarter ended December 31, 2021.On a preliminary basis, the company reported unaudited approximated consolidated revenues of $10 million for the full year ended December 31, 2021.

Neutral

Nano Dimension Sells Another DragonFly IV 3D-AME to A Western Defense Force

2022-01-04 14:01:00

Nano Dimension Ltd. announced that it has sold yet another DragonFly IV 3D-AME Printer and FLIGHT Applications Software package, both first released in mid-November 2021, to a Western Defense Force. Nano Dimension is the leading provider of intelligent machines for the fabrication of AME. The new DragonFly IV system, combined with FLIGHT application software, has been well received in the electronics sector since it launched. Customers are recognizing that DragonFly IV with FLIGHT application software delivers new levels of quality, efficiency, and print resolution in the 3D printed electronics sector, providing increased flexibility to design any 3D geometry and create innovative new products. DragonFly IV is a Dielectric & Conductive-Materials Additive Manufacturing System aimed at the fabrication of High-Performance Electronic Devices (Hi-PEDs®) by depositing the proprietary materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers, and electro-mechanical components.

Positive

Nano Dimension Announces First Two Sales of DragonFly IV 3D-AME Systems to Leading Western Defense and Government Agenciesc

2021-12-06 14:25:00

Nano Dimension Ltd. announced that it has sold the first two DragonFly IV 3D-AME Printers, in addition to the two machines that have completed beta sites processes with other leading customers. Nano Dimension is the leading provider of intelligent machines for the fabrication of AME. The new DragonFly IV system, combined with FLIGHT software, delivers new levels of quality, efficiency, and print resolution in the 3D printed electronics sector, providing increased flexibility to design any 3D geometry and create innovative new products.

Neutral

Nano Dimension Ltd., Q3 2021 Earnings Call, Nov 24, 2021

2021-11-15 14:00:00

Nano Dimension Ltd., Q3 2021 Earnings Call, Nov 24, 2021

Neutral

Nano Dimension Ltd. to Report Q3, 2021 Results on Nov 24, 2021

2021-11-15 14:00:00

Nano Dimension Ltd. announced that they will report Q3, 2021 results Pre-Market on Nov 24, 2021

Positive

Nano Dimension Ltd. Announces New DragonFly IV 3D-Printer and FLIGHT Software Package

2021-11-08 13:00:00

Nano Dimension Ltd. introduced its new DragonFly IV printer and FLIGHT software platform. Nano Dimension is the leading provider of intelligent machines for the fabrication of AME. The new DragonFly IV system, combined with FLIGHT software, delivers new levels of quality, efficiency, and print resolution in the 3D printed electronics sector - providing increased flexibility to design any 3D geometry and create innovative new products. DragonFly IV is a Dielectric & Conductive-Materials Additive Manufacturing System aimed for fabrication of High-Performance Electronic Devices (Hi-PEDs®) by depositing the proprietary materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers, and electro-mechanical components. DragonFly IV delivers improved accuracy of traces, spacing, and vias, improved PCB product quality, and the ability to design and produce 3D Hi-PEDs® in a one-step production process. New capabilities include: Integration with Nano Dimension’s new FLIGHT software; Integration of 3D elements in PCB; 3D designed Hi-PEDs®; Support of HDI level elements; 75µm traces; 100µm spacing; 150µm via; Enhanced print quality, optimizing yield with predictable conductivity; Low thickness variation <5%. Nano Dimension’s new FLIGHT software suite provides a comprehensive first-of-a-kind ability to incorporate ECAD designs into real 3D MCAD designs, as well as intelligent verification, slicing, and job control solutions. FLIGHT enables the 3D design of electrical and mechanical features in 3-dimensions while ensuring that the new product designs comply with the system’s requirements and can then proceed directly to fabrication on the DragonFly IV. The Flight Software Suite consists of 3 components: FLIGHT Plan; FLIGHT Check; FLIGHT Control.

Positive

Essemtec Ag, Nano Dimension Ltd. - M&A Call

2021-11-03 13:00:00

To update on the acquisition of Essemtec AG

Positive

Nano Dimension Ltd. (NasdaqCM:NNDM) entered into a share purchase agreement to acquire Essemtec Ag from shareholders.

2021-11-03 00:00:00

Nano Dimension Ltd. (NasdaqCM:NNDM) entered into a share purchase agreement to acquire Essemtec Ag from shareholders for CHF 22.7 million on November 2, 2021. The consideration will be paid as CHF 11.4 million in cash in immediately available funds, of which CHF 2 million were deposited in escrow for a period of eighteen months in connection with certain indemnification obligations of the selling shareholders pursuant to the share purchase agreement. In addition, the selling shareholders may be entitled to an earn-out consideration (the “Earn-Out Consideration”) in an aggregate amount of up to CHF 8.9 million, subject to meeting certain EBITDA and gross profit performance targets in the fiscal year ending on December 31, 2021 and December 31, 2022, respectively. In addition, at the Closing, certain selling shareholders sold, transferred and assigned to the Company all their rights and accrued interest in certain existing loans by such Selling Shareholders to Essemtec (“Shareholders Loans”) and the Company acquired the Shareholder Loans and became the lender thereunder in consideration for the principal amount and accrued interest thereon until the closing, which was equal to approximately CHF 2.45 million. The transaction is subject to approval from governmental authority. Sullivan & Worcester Tel Aviv and Stefan Brunnschweiler, Mark Cagienard and Dirk Spacek of CMS Switzerland and Hendrik Hirsch and Thomas Gerdel of CMS Germany of acted as legal advisors to Nano Dimension in connection with the acquisition. Carlsquare GmbH acted as financial advisor to Nano Dimension Ltd. Matthias Wolf of Lenz & Staehelin acted as the legal advisor for shareholders of Essemtec Ag.

Neutral

Nano Dimension to Deliver Fabrica 2.0 System to A Leading Western Homeland Security Agency, Under A $1.5 Million Contract for Machine Utilization

2021-10-05 13:15:00

Nano Dimension Ltd. announced that it has met the final milestone to complete the delivery of its Fabrica 2.0 System for micro precision additive manufacturing to a leading Western Homeland Security Agency. Using Nano Dimension’s Fabrica 2.0 technology, customers can benefit from the inherent advantages that additive manufacturing offers: increasing complexity with no increase in cost, eliminating expensive tooling, reducing part counts and the need for assembly, reducing time-to-market, easing revision of part design, providing opportunities for mass customization, and reducing waste and energy costs.

Neutral

Nano Dimension Announces Collaboration with Fraunhofer Institute to Develop the Next Generation of 3D Printing Systems

2021-09-07 20:10:00

Nano Dimension Ltd. announced a collaboration with the Fraunhofer Institute for Manufacturing Engineering and Automation IPA (Fraunhofer IPA), one of Fraunhofer-Gesellschaft’s (the Institute) largest institutes. Under the two-year collaboration plan, Nano Dimension and Fraunhofer IPA will focus on the research and development within the field of autonomous fabrication of electromechanical systems based on 3D freeform printing and the highest precision 3D assembly technologies. The outcomes of this collaboration should benefit Nano Dimension customers given the insights that will be generated and incorporated into what is already uniquely possible with Nano Dimension’s DragonFly® additive manufacturing system.

Positive

Nano Dimension Ltd. to Unveil Fabrica 2.0 System at 2021 RAPID + TCT Event

2021-08-30 13:00:00

Nano Dimension Ltd. announced that the Fabrica 2.0 Micro Additive Manufacturing (AM) System (Fabrica 2.0) will be exhibited at the RAPID + TCT event, to be held on September 13-15, 2021 in Chicago, USA. The public will be able to see the innovative printing system in action, as well as inspect an array of manufactured high precision, high quality parts. Fabrica 2.0, which has been developed by Nano Dimension’s Fabrica Group (acquired by Nano Dimension in April 2021), is used in the areas of micron level resolution of medical devices, micro-optics, semi-conductors, micro-electronics, micro-electro-mechanical systems (MEMS), micro fluidics, and life sciences, making products such as casings for micro-electronics, micro springs, micro actuators and micro sensors, and numerous medical components such as micro valves, micro syringes, and surgical devices. Nano Dimension’s Fabrica 2.0 3D printing system enables the industry-wide drive towards miniaturization. Fabrica 2.0 micro-AM technology lifts the lid for designers and manufacturers in their quest to embrace the inherent advantage of the AM, including the ability to build complex parts in small, medium, and high volumes in a timely and cost-effective fashion. The technology is based on a Digital Light Processor (DLP) engine. It achieves repeatable micron levels resolution by combining DLP with patented adaptive optics. The Fabrica 2.0 is engineered with an array of sensors, allowing a closed feedback loop, and uses proprietary materials which can achieve very high accuracy while remaining a cost-effective mass-manufacturing solution.

Neutral

Nano Dimension Ltd., Q2 2021 Earnings Call, Aug 18, 2021

2021-08-04 13:20:00

Nano Dimension Ltd., Q2 2021 Earnings Call, Aug 18, 2021

Neutral

Nano Dimension Ltd. to Report Q2, 2021 Results on Aug 18, 2021

2021-08-04 13:20:00

Nano Dimension Ltd. announced that they will report Q2, 2021 results Pre-Market on Aug 18, 2021

Positive

Nano Dimension and Hensoldt Ag Announce A Joint Venture for Advancing, Prototyping, and Sharing 3D-Electronic Printing Designs

2021-07-01 13:00:00

Nano Dimension Ltd. announced that it has formed a partnership with HENSOLDT AG. The recently formed joint venture entity is named J.A.M.E.SGmbH. Nano Dimension is a leading manufacturer of intelligent machines which 3D-print Additively Manufactured Electronics. HENSOLDT has been using Nano Dimension’s DragonFly PRO and LDM® 3D-AME printer technology since 2018, to fabricate many innovative “first-of” designs, as 3D-printed circuit boards (PCB)/AME 3D Hi-PEDs® (High-Performance-Electronic-Devices). AME is a highly agile and customized method for development, prototyping and fabrication of electronic circuits, which results in a significant reduction of time and cost in the time-to-market process. In addition, AME delivers a verified design before production begins, resulting in a higher quality product. HENSOLDT and Nano Dimension have been working together to expand the capabilities of AME 3D Hi-PEDs®. By formalizing their cooperation and co-investing approximately $6M in the new joint venture entity, J.A.M.E.S, HENSOLDT is strengthening its commitment to developing the most advanced technology in 3D printing. The joint venture is led by HENSOLDT Ventures, an independent unit within HENSOLDT, which implements and brings to market new technologies and business models for the HENSOLDT Group.

Negative

Nano Dimension Ltd. Announces Appointment of Sean Patterson as President of the Americas

2021-06-29 13:00:00

Nano Dimension Ltd. announced that Sean Patterson will join as President of Nano Dimension - Americas and will report to Zivi Nedivi, Global President of Nano Dimension. Patterson will head the expansion of Nano Dimension’s U.S. operations and execute on the Company’s current organic and M&A growth strategy. Patterson has been a proven leader throughout his career. Most recently, through June 2021, he was at Amazon, where he held leadership roles in the transportation and healthcare groups. He has scaled operations, programs, and engineering groups from pilot organizations to hundreds of facilities as well as thousands of employees and assets. Prior to Amazon, Patterson was an executive at TTM Technologies (Nasdaq: TTMI), a leading global printed circuit board (PCB) manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs. Patterson has managed manufacturing operations, led multiple aerospace and defence manufacturing plants and was involved in a strategic $1B+ acquisition and restructuring. While at TTM, he oversaw the expansion of its PCB assembly plants and vertical growth within its supply chain. Patterson was also a first adopter of Nano Dimension equipment as he pushed to revolutionize legacy manufacturing processes. Nano Dimension is proud to recognize Patterson’s service as a U.S. Navy Submarine Officer following his time at the United States Naval Academy, where he earned a BS in Systems Engineering, which was complemented by an MS in Nuclear Science and Engineering from the Massachusetts Institute of Technology.

Fundamental Summary

Nano Dimension published its Q1 report on 2022-05-31 with positive results, but no significant factors particularly remarkable relative to its peers. It is highly likely that Nano Dimension will be mostly tethered to market performance and sector movements for the near term. Overall, Nano Dimension's income and value factors are trending positively, and we, therefore, give Nano Dimension an overall grade of 69 and a HOLD recommendation.

Nano Dimension reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 10.43 million compared to USD 0.811 million a year ago. Net loss was USD 33.09 million compared to USD 9.31 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.05 a year ago.

Business Description

Nano Dimension, together with its subsidiaries, provides additive electronics in Israel and internationally. The company’s flagship product is DragonFly IV system that serves cross-industry High-Performance-Electronic-Devices’ fabrication needs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components. It also provides nanotechnology based conductive and dielectric inks; and FLIGHT software platform that enables the 3D design of electrical and mechanical features. The company markets and sells products and services to companies that develop products with electronic components, including companies in the defense, automotive, consumer electronics, semiconductor, aerospace, and medical industries, as well as research institutes. Nano Dimension was founded in 2012 and is headquartered in Ness Ziona, Israel.

Sector Overview

Nano Dimension is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. Nano Dimension's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,387.7 -8.9% 85
Liabilities 66.4 131.4% 96
Price to Book 0.6 -41.6% 60
Cash & Equivalents 788.1 -30.1% 48
Equity 1,320.5 -11.7% 59
EBITDA -102.1 -68.5% 46
Total Revenues 20.1 307.7% 37
Parameter Value Change Score
Return on Equity -16.1 -112.7% 73
Net Cashflow -310.9 0.0% 69
Capital Expenditure -11.1 0.0% 74
Asset Turnover 0.0 124.8% 55
Free Cashflow -0.3 0.0% 70

* All values are TTM

The below chart reflects Nano Dimension's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Nano Dimension's peer average final assessment score stands on 64.0, Nano Dimension's score is 69.

  •  NNDM
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Apple Inc. 2.3T 53 74 84
Hold
75
75 0 1
Dell Technologies Inc. 37.2B 54 69 72
Hold
66
66 1 1
HP Inc. 36.5B 95 73 57
Buy
82
82 2 1
Hewlett Packard Enterprise Company 18.4B 63 73 66
Hold
70
70 3 1
Seagate Technology Holdings plc 15.9B 56 79 76
Hold
76
76 4 1
Western Digital Corporation 14.9B 59 82 70
Hold
76
76 5 1
NetApp, Inc. 14.9B 62 70 55
Hold
61
61 6 1
Pure Storage, Inc. 8.0B 55 71 95
Buy
81
81 7 1
Xerox Holdings Corporation 2.5B 62 69 69
Hold
69
69 8 1
Super Micro Computer, Inc. 2.2B 93 69 62
Buy
81
81 9 1
Corsair Gaming, Inc. 1.4B 52 71 40
Underperform
48
48 10 1
3D Systems Corporation 1.3B 45 67 55
Underperform
50
50 11 1
Stratasys Ltd. 1.3B 57 58 55
Underperform
50
50 12 1
Avid Technology, Inc. 1.2B 49 75 74
Hold
68
68 13 1
IonQ, Inc. 957.0M 37 43 82
Underperform
44
44 14 1
Canaan Inc. 600.4M 81 64 57
Hold
68
68 15 1
CompoSecure, Inc. 441.4M 59 58 58
Underperform
53
53 16 1
Eastman Kodak Company 419.9M 58 68 57
Underperform
58
58 17 1
Coolpad Group Limited 275.6M 53 80 58
Underperform
58
58 18 1
Turtle Beach Corporation 227.4M 67 69 60
Hold
68
68 19 1
Diebold Nixdorf, Incorporated 190.3M 54 72 53
Underperform
57
57 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Nano Dimension's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Nano Dimension's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 68.

Neutral 68
Close Price 3.24
52W Low 2.27
52W High 8.86
5D MA 3.16
50D MA 2.9
200D MA 4.06
MACD 0.07
RSI 0.13
STOCH 100.0

Balance Sheet Analysis

Overall, Nano Dimension's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Nano Dimension is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 66.4, representing 131.4% change from the previous period. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. The company's liabilities movement component, therefore, received a grade of 96. Also, The company's assets section could set high expectations for Nano Dimension's future attractiveness, as they went to 1387.7, which is a -8.9% change from the last period. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. The company's asset component, therefore, received a grade of 85. However, one discouraging result, Cash & Equivalents, stood out. Nano Dimension's management did a relatively poor job managing cash and cash equivalents, which now sit at 788.1 and represents a -30.1% change from the last reporting period. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their cash and cash equivalents with a score of 48. Consequently, their balance sheet earned a rank of 82.

Parameter Value Change Score
Assets 1,387.7 -8.9% 85
Liabilities 66.4 131.4% 96
Price to Book 0.6 -41.6% 60
Cash & Equivalents 788.1 -30.1% 48
Equity 1,320.5 -11.7% 59
* All values are TTM

The below chart describes Nano Dimension's performance as reflected on its balance sheet with respect to its peers. While Nano Dimension received a balance sheet score of 82, the average of its peers stands on 62.0.

  •  NNDM
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Apple Inc. 2.3T 50 80 60 46 56 53 0 1
Dell Technologies Inc. 37.2B 56 80 57 44 55 54 1 1
HP Inc. 36.5B 71 73 97 91 92 95 2 1
Hewlett Packard Enterprise Company 18.4B 52 78 73 46 67 63 3 1
Seagate Technology Holdings plc 15.9B 60 80 58 46 52 56 4 1
Western Digital Corporation 14.9B 60 77 55 68 62 59 5 1
NetApp, Inc. 14.9B 78 67 60 67 52 62 6 1
Pure Storage, Inc. 8.0B 42 82 62 66 57 55 7 1
Xerox Holdings Corporation 2.5B 67 77 60 58 56 62 8 1
Super Micro Computer, Inc. 2.2B 89 62 93 70 90 93 9 1
Corsair Gaming, Inc. 1.4B 50 72 64 38 63 52 10 1
3D Systems Corporation 1.3B 57 80 46 38 45 45 11 1
Stratasys Ltd. 1.3B 58 81 47 88 54 57 12 1
Avid Technology, Inc. 1.2B 52 82 43 45 59 49 13 1
IonQ, Inc. 957.0M 38 74 53 37 49 37 14 1
Canaan Inc. 600.4M 76 62 88 67 83 81 15 1
CompoSecure, Inc. 441.4M 58 64 66 44 82 59 16 1
Eastman Kodak Company 419.9M 67 70 55 53 66 58 17 1
Coolpad Group Limited 275.6M 48 86 47 63 45 53 18 1
Turtle Beach Corporation 227.4M 39 80 69 86 67 67 19 1
Diebold Nixdorf, Incorporated 190.3M 65 83 43 40 56 54 20 1

Income Statement Analysis

A deep look into Nano Dimension's income statement metrics showed some disappointing metrics. The most troubling factors we're looking at are the Revenue Efficiency and EBITDA . Nano Dimension's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 15.9 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. As a result, their revenue efficiency earned a score of 37. Also, Nano Dimension's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as -102.1, which represents a -68.5% change from the last period. This parameter coud affect companies in the same industry and market capitalization by up to 18.0%. Their EBITDA metrics are even more problematic when compared to their peers. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 46. On the other hand, Return Factors, jumped out as looking rather positive. Nano Dimension's reported return on equity (ROE) ratio was -16.1, representing a change of -112.7%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 73. Therefore, its income statement earned a grade of 45.

Parameter Value Change Score
EBITDA -102.1 -68.5% 46
Total Revenues 20.1 307.7% 37
Return on Equity -16.1 -112.7% 73
* All values are TTM

The below chart describes Nano Dimension's performance as reflected on its income statement with respect to its peers. While Nano Dimension received a income statement score of 45 , the average of its peers stands on 63.0.

  •  NNDM
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Apple Inc. 2.3T 76 67 79 74 0 1
Dell Technologies Inc. 37.2B 68 65 82 69 1 1
HP Inc. 36.5B 81 61 64 73 2 1
Hewlett Packard Enterprise Company 18.4B 85 56 61 73 3 1
Seagate Technology Holdings plc 15.9B 83 69 90 79 4 1
Western Digital Corporation 14.9B 80 83 71 82 5 1
NetApp, Inc. 14.9B 76 63 52 70 6 1
Pure Storage, Inc. 8.0B 46 97 96 71 7 1
Xerox Holdings Corporation 2.5B 88 46 45 69 8 1
Super Micro Computer, Inc. 2.2B 43 95 95 69 9 1
Corsair Gaming, Inc. 1.4B 97 41 39 71 10 1
3D Systems Corporation 1.3B 91 38 42 67 11 1
Stratasys Ltd. 1.3B 61 48 81 58 12 1
Avid Technology, Inc. 1.2B 79 68 69 75 13 1
IonQ, Inc. 957.0M 37 47 61 43 14 1
Canaan Inc. 600.4M 38 93 77 64 15 1
CompoSecure, Inc. 441.4M 51 69 53 58 16 1
Eastman Kodak Company 419.9M 75 61 49 68 17 1
Coolpad Group Limited 275.6M 98 58 63 80 18 1
Turtle Beach Corporation 227.4M 96 41 42 69 19 1
Diebold Nixdorf, Incorporated 190.3M 92 42 73 72 20 1

Cash Flow Analysis

Two metrics jump up as the most significant positive drivers of the cash flow's strength in Nano Dimension's recent report: Capex and Free Cash flow. Nano Dimension's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -11.1, which represents a 0.0% change from the last period. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its CapEx movement component earned a score of 74. Also, Nano Dimension's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Nano Dimension recorded free cash flow of -0.3, which represents a 0.0% change from the previous report. This parameter coud affect companies in the same industry and market capitalization by up to 4.7%. Their free cash flow situation is all the more impressive relative to their peers and competitors. The company's free cash flow movement, therefore, received a grade of 70. At the same time, one critical cash flow metric, Asset Turnover, was notably weak. Asset turnover metrics during this period were surprisingly weak. Their reported asset turnover metrics of 0.0, which represents a 124.8% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 1.9%. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Correspondingly, their asset turnover movement received a grade of 55. Therefore, we scored their cash flow a 70.

Parameter Value Change Score
Net Cashflow -310.9 0.0% 69
Capital Expenditure -11.1 0.0% 74
Asset Turnover 0.0 124.8% 55
Free Cashflow -0.3 0.0% 70
* All values are TTM

The below chart describes Nano Dimension's performance as reflected on its cash flow with respect to its peers. While Nano Dimension received a cash flow score of 70, the average of its peers stands on 72.0.

  •  NNDM
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Apple Inc. 2.3T 76 75 68 91 84 0 1
Dell Technologies Inc. 37.2B 68 50 68 85 72 1 1
HP Inc. 36.5B 56 59 60 59 57 2 1
Hewlett Packard Enterprise Company 18.4B 77 52 62 71 66 3 1
Seagate Technology Holdings plc 15.9B 64 77 76 79 76 4 1
Western Digital Corporation 14.9B 65 82 54 70 70 5 1
NetApp, Inc. 14.9B 77 58 37 53 55 6 1
Pure Storage, Inc. 8.0B 94 91 64 97 95 7 1
Xerox Holdings Corporation 2.5B 59 64 77 75 69 8 1
Super Micro Computer, Inc. 2.2B 51 51 90 68 62 9 1
Corsair Gaming, Inc. 1.4B 50 37 48 46 40 10 1
3D Systems Corporation 1.3B 58 40 61 65 55 11 1
Stratasys Ltd. 1.3B 83 37 77 51 55 12 1
Avid Technology, Inc. 1.2B 58 59 45 94 74 13 1
IonQ, Inc. 957.0M 69 66 54 98 82 14 1
Canaan Inc. 600.4M 67 69 73 46 57 15 1
CompoSecure, Inc. 441.4M 77 76 46 48 58 16 1
Eastman Kodak Company 419.9M 84 50 50 54 57 17 1
Coolpad Group Limited 275.6M 59 74 79 43 58 18 1
Turtle Beach Corporation 227.4M 87 38 87 51 60 19 1
Diebold Nixdorf, Incorporated 190.3M 38 38 59 72 53 20 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.