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Stock impact report

Nano Dimension Reports Preliminary Results for First Quarter 2020

Nano Dimension Ltd. - American Depositary Shares (NNDM) 
US:NASDAQ Investor Relations: investors.nano-di.com
Company Research Source: GlobeNewswire
Boca Raton, Florida, April 10, 2020 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq, TASE: NNDM), a leading Printed Electronics/Additively Manufactured Electronics (PE/AME) provider, today announced selected preliminary unaudited estimates of its financial results for the quarter ended March 31, 2020. Nano Dimension expects unaudited revenues of approximately $700,000 for the first quarter of 2020, compared to $1,689,000 reported for the first quarter of 2019, and approximately $4,500,000 of cash reserves as of March 31, 2020, with no debt. “The analysis of our results on the background of the Covid-19 events paints an interesting picture,” said Yoav Stern, Nano Dimension’s President and Chief Executive Officer. “It is clear that two sales transactions of DragonFly LDM machines that were expected to close in China in the first quarter of 2020 were disrupted as the country was then at the climax of its crisis. We hope to see these transactions reemerging now that China is recover Show less Read more
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