NESS ZIONA, ISRAEL – Nano Dimension reported second quarter revenues of $1.2 million, up 6.7% year-over-year and down 31.2% sequentially.
The increase compared to the second quarter of 2018 was attributed to higher commercial sales of the DragonFly Pro 3D printer.
Net loss for the second quarter was $1.2 million, compared to a net loss of $3.8 million in the year-ago period and $1.5 million in the first quarter of 2019.
The company ended the quarter with $5.3 million in cash.
“During the second quarter we made important progress on the product side, and we recently presented the DragonFly LDM Lights-Out Digital Manufacturing system, which augments the capabilities of the DragonFly Pro system with new proprietary, state-of-the-art technology that enables 24/7 uninterrupted 3D printing of electronics,” said Amit Dror, CEO of Nano Dimension. “Additionally, we presented new and exciting applications, and offered capabilities that have never been seen before in additive manufacturing and the printed electronics world.
“We are currently focused on increasing our sales and optimizing our expenses, and moving forward we are better armed with our next-generation DragonFly LDM system.”
R&D expenses for the second quarter were $2.3 million, up 12.6% year-over-year and 7.9% sequentially.
Total revenues for the six months ended June 30 were $2,850,000, an increase of 65.4% year-over-year.
Net loss for the six months ended June 30 was $2.7 million, compared to $7.9 million in the same period of 2018.
R&D expenses for the first six months of the year were $4,474,000, down 3% compared to the first half of last year.