Nano Dimension: Another Stellar Q2/2023 and H1/2023 Results


About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.

Nano Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.

Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics manufacturing machines enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision.

Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing. For more information, please visit  www.nano-di.com.


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 its growing revenues, trajectory, pipeline, customer relationships, R&D, build up of sales and marketing infrastructure, the upcoming consolidation waves in its industry, its aim at value and expected returns, notable opportunities for acquisitions, that there will be a few leaders that come to dominate digital manufacturing, potential obstacles to the Company’s plans and organic growth. 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 30, 2023, and in any subsequent filings with the SEC. 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


 
Unaudited Consolidated Statements of Financial Position as at
 
  June 30, December 31,
  2022  2023  20223 
(In thousands of USD)(Unaudited)(Unaudited) 
Assets   
Cash and cash equivalents706,220                454,555  685,362 
Bank deposits511,093                499,841  346,663 
Investment in securities20,574                          —   
Restricted deposits77                          60  60 
Trade receivables5,811                  12,523   6,342  
Other receivables 6,654                      5,360   6,491  
Inventory 15,982                   19,546   19,400  
Total current assets 1,266,411                 991,885   1,064,318  
       
Restricted deposits 585                         858   850  
Bank deposits 28,702                           —    
Investment in securities                 172,185   114,984  
Deferred tax 505                         249   115  
Other receivables                         826   809  
Property plant and equipment, net 11,617                   14,014   5,843  
Right-of-use assets 14,172                   14,135   16,539  
Intangible assets 20,437                           —    
Total non-current assets 76,018                 202,267   139,140  
Total assets 1,342,429              1,194,152   1,203,458  
       
Liabilities      
Trade payables 3,511                      3,216   3,722  
Financial derivatives and deferred consideration 9,558                           —   8,798  
Other payables 21,082                   25,784   24,150  
Current portion of other long-term liability 355   274   363  
Total current liabilities 34,506                   29,274   37,033  
       
Liability in respect of government grants 1,862                      1,882   1,492  
Employee benefits 306                      2,485   1,462  
Liability in respect of warrants 808                         140   69  
Lease liability 10,969                   10,168   12,374  
Deferred tax liabilities 279                           —    
Other long-term liabilities 819                           —    
Loan from banks 912   647   736  
Total non-current liabilities 15,955                   15,322   16,133  
Total liabilities 50,461                   44,596   53,166  
       
Equity      
Non-controlling interests 553                         892   767  
Share capital 387,312                 396,238   388,406  
Share premium and capital reserves 1,284,324              1,298,124   1,296,194  
Treasury shares (1,509 )                (24,768 ) (1,509 )
Foreign currency translation reserve 220                      1,176   583  
Remeasurement of net defined benefit liability (IAS 19) 3,127                      1,448   2,508  
Accumulated loss (382,059 )             (523,554 ) (536,657 )
Equity attributable to owners of the Company 1,291,415              1,148,664   1,149,525  
Total equity 1,291,968              1,149,556   1,150,292  
Total liabilities and equity 1,342,429              1,194,152   1,203,458  

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