WALTHAM, Mass., May 3, 2022 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (“Nano Dimension” or the “Company”) (NASDAQ: NNDM) is an additively manufactured electronics company (AME). ), Printed Electronics (PE) and Micro-Additive Manufacturing (Micro-AM) today announced preview financial results for the first quarter ended March 31, 2022.
Nano Dimension preliminary reported unaudited consolidated revenue of approximately $10.5 million for the first quarter ended March 31, 2022, an increase of 39% from the fourth quarter ended December 31, 2021, and an increase from the first quarter ended March 31, 2021 Quarterly growth of 1195% March 31, 2021.The combined cash and deposit balance as of the same date was approximately $1,311,000,000.
Nano Dimension will release its full financial results for the first quarter ended March 31, 2022 on Tuesday, May 31, 2022, prior to the opening of the Nasdaq market.The above information reflects a preliminary estimate of Nano Dimension’s certain results for the first quarter ended March 31, 2022, based on currently available information.Final results for the first quarter may differ from initial estimates.
Yoav Stern, Chairman and CEO of Nano Dimension, commented, “If we use our first quarter 2022 revenue forecast as an indicator for the full year of 2022, our 2022 annual revenue will be approximately 300% higher than our 2021 revenue. If this happens, the company’s revenue will grow more than 12x from 2020 to 2022. This growth rate is higher than the 200% we expected in January 2022. Of course, all of these assumptions are not subject to current international affairs and and/or other factors resulting in significant changes in the world economy and our relevant target markets.”
Nano Dimension’s (NASDAQ: NNDM) vision is to transform the electronics and similar additive manufacturing industries by developing and delivering environmentally friendly and cost-effective Additive Manufacturing Industry 4.0 solutions, while enabling a one-step production transformation of digital design For functional devices – on-demand anytime, anywhere.
DragonFly IV® systems and specialty materials address cross-industry high-performance electronic device (Hi-PEDs®) manufacturing needs by simultaneously depositing proprietary conductive and dielectric species while integrating in-situ capacitors, antennas, coils, transformers, and electromechanical components The result is Hi-PEDs®, a key enabler of autonomous smart drones, cars, satellites, smartphones and in-vivo medical devices.In addition, these products support iterative development, IP security, fast time-to-market, and device performance improvements.
Nano Dimension also develops complementary production equipment for Hi-PEDs® and printed circuit board (PCB) assembly (Puma, Fox, Tarantula, Spider, etc.).The technology’s core competitive strengths lie in its adaptive, highly flexible Surface Mount Technology (SMT) pick and place equipment, material dispensers for high-speed dispensing and micro-dispensing, and intelligent production material storage and logistics systems.
Additionally, Nano Dimension is a leading developer and supplier of high performance control electronics, software and ink delivery systems.It invents and provides state-of-the-art 2D and 3D printing hardware and unique operating software.It focuses on high-value, precision-oriented applications such as specialized direct container packaging, printed electronic functional fluids and 3D printing, all of which can be controlled through a proprietary software system – Atlas.
Serving similar users of Hi-PEDs®, Nano Dimension’s Fabrica 2.0 Micro Additive Manufacturing System is capable of producing micro parts based on digital light processor (DLP) engines with repeatable micron-scale resolution.Fabrica 2.0 features a patented sensor array design that allows for closed feedback loops, using proprietary materials to achieve very high accuracy, while maintaining a cost-effective mass-manufacturing solution.It is used in the fields of medical devices, micro optics, semiconductors, microelectronics, microelectromechanical systems (MEMS), microfluidics and life science instrumentation with micron-scale resolution.
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 “anticipate,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” and similar expressions or variations of such words are intended to identify forward-looking statements.For example, Nano Dimension uses forward-looking statements in this press release when discussing its preliminary unaudited financial results for the first quarter ended March 31, 2022 and its expected revenue growth rate for the full year 2022.Because such statements relate to future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties.Nano Dimension’s actual results, performance or achievements may differ materially from those stated or implied in this press release.The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including Nano Dimension’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022 and thereafter in any filing with the SEC.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, unless otherwise required by law.References and links to websites are provided for convenience and the information contained on such websites is not incorporated by reference into this press release.Nano Dimension is not responsible for the content of third-party websites.
Post time: May-09-2022