SUNRISE, FL – Nano Dimension reported fourth quarter revenues of $7.5 million, up 280% year-over-year and 460% sequentially.
The increase is attributed mostly to the consolidation of Essemtec, which the company purchased in November.
Net loss for the fourth quarter was $159.6 million, compared to $17.4 million in the prior year quarter and $18.2 million in the third quarter of 2021.
Research and development expenses during the period ended Dec. 31 were $15 million, compared to $3.7 million in the fourth quarter of 2020 and $13.7 million in the prior quarter.
Full-year revenues for 2021 were $10.5 million, an increase of 209% compared to 2020.
Net loss for the year ended Dec. 31 was $200.8 million, compared to $48.5 million in 2020.
R&D expenses for the year were $41.7 million, compared to $9.9 million in 2020.
Cash and cash equivalents totaled $1.36 billion as of Dec. 31, compared to $670.9 million at the end of the previous year.
“We believe revenue will continue to grow, yet may be sometimes erratic, and interim increased value will be based on achieving certain technology breakthroughs and reaching specifications,” said Yoav Stern, CEO, Nano Dimension. “Nano Dimension will not need to raise more money to achieve its development goals. Hence, minimal to no dilution is expected.
“We have grown our revenue by 209% from 2020 to 2021, and our run-rate in the fourth quarter of 2021 raises the hope for an approximately 200% growth in 2022 over 2021. Already in the fourth quarter of 2021, we reported revenue of $7.45 million, a 280% increase over the fourth quarter of 2020 and a 460% increase over the third quarter of 2021. This is very encouraging, yet it should not create expectations that our growth curve will change overnight from being based on inflection and singularity points as we proceed to what we hope to be a multibillion-dollar valuation in a few very short years.”
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