Nano Dimension Announces Q1/2024 Results Demonstrating Continued Gross Margin Expansion and Path to Profitability

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1 The December 31, 2023, balances were derived from the Company’s audited annual financial statements


Unaudited Consolidated Statements of Profit or Loss and Other Comprehensive Income
   
  Three Months Ended
March 31,
Year ended
December 31,
 
  2023 2024 2023
  Thousands Thousands Thousands
  USD USD USD
Revenues14,965  13,364 56,314 
Cost of revenues8,267  7,142 30,759 
Cost of revenues - write-down of inventories132  44 97 
Total cost of revenues8,399  7,186 30,856 
Gross profit6,566  6,178 25,458 
Research and development expenses19,250  9,133 62,004 
Sales and marketing expenses7,486  6,517 31,707 
General and administrative expenses11,033  9,602 58,254 
Other income, net  109 1,627 
Operating loss (31,203 ) (18,965 ) (124,880 )
Finance income 56,826   11,311   70,934  
Finance expenses 3,590   27,324   1,652  
Income (Loss) before taxes on income 22,033   (34,978 ) (55,598 )
Taxes benefit (expenses) (74 ) 16   (62 )
Income (Loss) for the period 21,959   (34,962 ) (55,660 )
Loss attributable to non-controlling interests (263 ) (190 ) (1,110 )
Income (Loss) attributable to owners 22,222   (34,772 ) (54,550 )
       
Income (Loss) per share      
Basic gain (loss) per share 0.09   (0.15 ) (0.22 )
       
Other comprehensive income items that after initial recognition in comprehensive income were or will be transferred to profit or loss      
Foreign currency translation differences for foreign operations 403   (1,704 ) 2,368  
Other comprehensive income items that will not be transferred to profit or loss      
Remeasurement of net defined benefit liability (IAS 19), net of tax   (1,433 ) (1,801 )
Total other comprehensive income (loss) for the period 403   (3,137 ) 567  
Total comprehensive income (loss) for the period 22,362   (38,099 ) (55,093 )
Comprehensive loss attributable to non-controlling interests (250 ) (214 ) (1,088 )
Comprehensive income (loss) attributable to owners of the Company 22,612   (37,885 ) (54,005 )



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