Flexible Thinking: Rules of Thumb: A Word to the Wise
Happy’s Tech Talk #29: Bend-to-Install Semi-flex FR-4
Connect the Dots: Five Best Practices for Designing Flex and Rigid-flex PCBs
Nano Dimension Announces Q2, H1 2024 Results
August 20, 2024 | Nano DimensionEstimated reading time: 1 minute
Nano Dimension Ltd., a leader in Additively Manufactured Electronics (AME), announced financial results for the second quarter ended June 30, 2024.
Financial Highlights
Revenue:
- For Q2/2024 was $15.0 million, compared to Q2/2023’s $14.7 million.
- For H1/2024 was $28.4 million, compared to H1/2023’s $29.7 million.
Gross Margin (GM):
- For Q2/2024 was 45.4%, compared to Q2/2023’s 44.1%.
- For H1/2024 was 45.8%, compared to H1/2023’s 44.0%.
Adjusted Gross Margin:
- For Q2/2024 was 46.6%, compared to Q2/2023’s 47.5%.
- For H1/2024 was 48.1%, compared to H1/2023’s 47.3%.
Net Income / Loss:
- For Q2/2024 was a loss of $44.3 million, compared to Q2/2023’s loss of $9.4 million.
- For H1/2024 was a loss of $79.2 million, compared to H1/2023’s income of $12.6 million.
Net Income / Loss excluding changes in Company’s holdings in Stratasys’ shares:
- For Q2/2024 was a loss of $12.9 million, compared to Q2/2023’s loss of $21.3 million.
- For H1/2024 was a loss of $22.1 million, compared to H1/2023’s loss of $44.6 million.
Adjusted EBITDA:
- For Q2/2024 was negative $16.1 million, compared to Q2/2023’s negative $23.5 million.
- For H1/2024 was negative $29.7 million, compared to H1/2023’s negative $47.2 million.
Company improves Net cash burn1 by further reduction of expenses :
- For Q2/2024 was negative $11 million, compared to Q2/2023’s negative $31 million.
- For H1/2024 was negative $18 million, compared to H1/2023’s negative $58 million.
Details regarding Adjusted GM, Net Income / Loss excluding changes in Company’s holdings on Stratasys’ shares, Adjusted EBITDA and Net Cash Burn can be found below in this press release under “non-IFRS measures.”
Transformational Acquisition
Nano Dimension also announced a definitive agreement to acquire Desktop Metal, creating a leading force in additive manufacturing. The combination of both companies is expected to accelerate the industry’s transition to integrated digital manufacturing solutions.
CEO Commentary
“We are thrilled to announce another quarter of progress, highlighted by record revenue and improved financial performance,” said Yoav Stern, CEO of Nano Dimension. “Our focus on operational efficiency and cost reduction is yielding positive results, and we are excited about the transformative potential of our acquisition of Desktop Metal.”
Share on:
Suggested Items
IPC Hall of Fame Spotlight Series: Highlighting Patty Goldman
11/22/2024 | Dan Feinberg, I-Connect007In my first article of this special series, I wrote a synopsis of the IPC Raymond E. Pritchard Hall of Fame (HOF) Award, along with a commentary on its first few members, particularly Pritchard. Over the years, IPC members who have contributed significantly to IPC and our industry have been awarded this high honor and recognition. Though many early HOF members have passed away and are unknown to today’s IPC membership, their contributions still resonate. Over the coming months, I look forward to researching and reporting on IPC Hall of Fame members and their contributions. This month, I highlight Patty Goldman.
Meet Polar's New Product Specialist Jess Hollenbaugh
11/21/2024 | Andy Shaughnessy, I-Connect007At PCB West, I spoke with Jess Hollenbaugh, a recent college graduate who has now joined Polar Instruments. In this interview, she shares her journey from a physics student focused on high-energy astrophysics to her new role at Polar. Her insights provide a glimpse into the dynamic opportunities awaiting those who venture into this evolving industry.
Designing for Cost to Manufacture
11/21/2024 | Marcy LaRont, I-Connect007ICAPE's Richard Koensgen, a seasoned field application engineer with a rich background in PCB technology, shares his journey of working with customers and manufacturers through the intricacies of circuit board development and emphasizes the importance of early-stage collaboration with PCB designers. With a focus on tackling the most challenging aspects of PCB design and manufacturing, he discusses everything from layout considerations to the thermal challenges of today's technology when it comes to designing for cost.
Nano Dimension Posts Revenue of Revenue $14.9M in Q3 2024; Up 22% YoY
11/20/2024 | Nano DimensionNano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions, today announced financial results for the third quarter ended September 30th , 2024 and shared a letter from Yoav Stern, the Company’s Chief Executive Officer and member of the Board of Directors.
Eltek Reports Q3 2024 Financial Results
11/20/2024 | PRNewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended September 30, 2024.