WALTHAM, MA -- Nano Dimension today preannounced first quarter consolidated revenues of $10.5 million for the period ended Mar. 31, up 39% sequentially and 1195% over a year ago.

Consolidated cash and deposits balances as of the same date were approximately $1.3 billion.

Full financial results will be released May 31.

Yoav Stern, chairman and chief executive, said in a press release: “If we use Q1/2022 revenue expectations as an indication for full year 2022, our 2022 annual revenue is on a pace to grow approximately 300% over 2021 revenue. If this occurs, the Company will grow its revenue over 12 times from 2020 to 2022. This growth rate is higher than what we have expected in January 2022, which was estimated to be 200%. All these assumptions are of course subject to no critical changes in the world economy and our relevant target markets, resulting from current international affairs and/or other factors.”

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