NESS ZIONA, ISRAEL – Nano Dimension reported preliminary unaudited fourth quarter revenues of approximately $1.98 million, up 47.6% from $1.7 million a year ago and down 19% sequentially to $2.24 million.

For the year, revenues were $7.07 million, up 39% year-over-year. At year's end, the company had $3.9 million in cash.

In the quarter, the company sold six DragonFly systems, three to customers in the US defense industry. For the year, 27 systems were sold. “During 2019 the company further developed the machine to the next level— the first Lights-Out Digital Manufacturing system in the additive manufacturing electronics market,” said Yoav Stern, president and CEO, Nano Dimension. Stern was appointed to the roles in January.

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