NESS ZIONA , ISRAEL – Nano Dimension today announced second quarter revenues of $150,000, up from $118,000 in the first quarter.

The 3D printer startup ended the ended June quarter with $16.5 million in cash, while the total loss for the quarter was $5 million.

“During the second quarter, we reached exciting milestones, and recently announced that we launched our early-access commercial sales. We also raised capital from leading Israeli institutional investors. The capital raised will fuel the sale and production foundation, as we maximize efficiency of our printers, and transition to commercial sales,” said Amit Dror, Nano Dimension’s CEO.

“Our recently announced collaboration with several distributors in the United Kingdom, Canada and Australia, in addition to our US distributor, will facilitate the global penetration of the DragonFly 2020 3D printer. As we progress through the third and fourth quarters of the year, we expect to leverage our sales, marketing and production infrastructure as we grow sales.”

R&D expenses for the quarter were $3.2 million, versus $2.5 million sequentially and $503,000 in the second quarter 2016.

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