WALTHAM, MA – Nano Dimension reported $12.2 million in revenue for the third quarter, a 22% increase over the third quarter of 2022.

For the first nine months of the year, the company reported revenue of $41.9 million, a 33% increase over the same period in 2022.

"The synergies that we insisted on analyzing and implementing when we performed acquisitions are leading our revenue growth of 33% for the first nine months of 2023 compared to the same period in 2022," said CEO Yoav Stern. "Importantly, most of it is from organic revenue growth. Our competitors inform the public about a challenging macro environment, and while we share their opinions, we are proud that our better and leading organic growth performance is a testament to the strength of our strategy, operational expertise, and team. We closed some iconic new sales to industry leading customers in the quarter. Given our pipeline, we look forward to closing even more strategic new relationships, and ultimately hoping finishing 2023 as the best year and organic growth we have ever done."

Nano Dimension also announced that inventory in one of its storage facilities was damaged in the Hamas attacks on Israel on Oct. 7. The company said it does not expect the damage to impact its supply chain and its ability to meet existing promises to customers, and there should be immaterial to no financial impact due to its insurance coverage.

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