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Stock impact report

Nano Dimension Announces Record 2023 Revenue of $56.3 Million and Organic Growth of 29% [Yahoo! Finance]

Nano Dimension Ltd. - American Depositary Shares (NNDM) 
US:NASDAQ Investor Relations: investors.nano-di.com
Company Research Source: Yahoo! Finance
WALTHAM, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”), today announced financial results for the fourth quarter and full year ended December 31 st Revenue Q4/2023 $14.5 million, up 19% compared to Q4/ 2022 FY 2023 $56.3 million, up 29% compared to FY 2022 Gross Margin (“GM”) FY 2023: 45%; up 41% from 32% in FY 2022 Adjusted Gross Margin (“Adjusted GM”) FY 2023: 48%; vs. 46% in FY 2022 Net Cash Burn² down 42% from 2022 to 2023: FY 2022: $146 million FY 2023: $84 million FY 2024: $12-20 million EXPECTED, as a result of Q4/22 Reshaping Nano Initiative (the “Initiative”) Details regarding Adjusted EBITDA and adjusted gross margin can be found below in this press release under “Non-IFRS Measures.” CEO MESSAGE TO SHAREHOLDERS: We would like to update you Show less Read more
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