Nano Dimension Reports 2020 Second Quarter Financial Results

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, Nano Dimension is using forward-looking statements when it discusses the potential of its products and directing resources to product and technology development, its expectation to be better positioned as the electronics landscape is revitalized in a post-Covid-19 resurgence, and the Company’s intention to allocate more funds to R&D, in order to be ready with new technology as Covid-19 subsides. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 10, 2020, and in any subsequent filings with the SEC. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: Nano Dimension’s ability to increase sales and revenue, its burn rate, and its ability to continue as a going concern. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third party websites. 

NANO DIMENSION INVESTOR RELATIONS CONTACT
Yael Sandler, CFO | ir@nano-di.com


 
Consolidated Statements of Financial Position as at
 
 June 30,  December 31, 
 2019 2020  2019 
(In thousands of USD) 
(Unaudited)
  (Unaudited)    
        
Assets       
Cash and cash equivalents5,290  39,665  3,894 
Bank deposits31  9,860  31 
Trade receivables1,174  541  1,816 
Other receivables573  503  570 
Inventory3,967  3,956  3,543 
Total current assets11,035  54,525   9,854  
                 
Restricted deposits 351     376     377  
Property plant and equipment, net 5,350     4,391     4,743  
Right of use asset 1,640     2,258     2,673  
Intangible assets 5,597     4,826     5,211  
Total non-current assets 12,938     11,851     13,004  
Total assets 23,973     66,376     22,858  
                 
Liabilities                
Trade payables 819     669     850  
Other payables 3,153     3,678     3,575  
Total current liabilities 3,972     4,347     4,425  
                 
Liability in respect of government grants 867     892     1,044  
Lease liability 1,273     1,699     2,089  
Liability in respect of warrants and rights of purchase 2,804     1,834     3,698  
Total non-current liabilities 4,944     4,425     6,831  
Total liabilities 8,916     8,772     11,256  
                 
Equity                
Share capital 5,559     66,236     6,441  
Share premium and capital reserves 63,850     61,748     65,202  
Treasury shares (1,509 )   (1,509 )   (1,509 )
Presentation currency translation reserve 1,431     1,431     1,431  
Accumulated loss (54,274 )   (70,302 )   (59,963 )
Total equity 15,057     57,604     11,602  
Total liabilities and equity 23,973     66,376     22,858  
                 

  

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