NESS ZIONA, ISRAEL – Nano Dimension today reported first quarter revenues of $635,000, compared to $118,000 in 2017.

The increase was attributed to commercial sales of the company's 3-D printer that began in the fourth quarter of 2017.

The loss was $4.1 million, versus $4.48 million a year ago, and the company ended the March quarter with $14.8 million in cash.

“Having begun commercial sales in the fourth quarter of 2017, we are now seeing early signs of growth driven by the strength of our expanding infrastructure and reseller network,” said Amit Dror, chief executive, Nano Dimension. “As we continue to execute our strategic plan, we expect our growth to increase steadily quarter over quarter. To demonstrate my confidence in the strength of our company and its future growth, I will be committing the entirety of my salary for the next six months to purchasing Nano Dimension stock, in compliance with all applicable securities laws.”

“Commercial sales of our Dragonfly 2020 Pro 3D printers are currently supported by 10 global resellers including two US industry leaders. Additionally, we recently opened our third Customer Experience Center in Santa Clara, CA, colocated with our U.S. headquarters. As we work to realize our long-term strategy, we are prepared to expand our global sales and marketing efforts. We will continue to build on our solid channel foundation as we increase our sales presence throughout the world,” said Dror.

See Nano Dimension's Simon Fried speak on 3-D printing at PCB West this year!

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