WALTHAM, MA – Nano Dimension reported preliminary revenue of $13.2 million for the first quarter, a year-over-year decline of 11.8%.

"Two important indicators of our business are conveyed," said CEO Yoav Stern. "First, our go-to-market efforts continue to deliver. Second, and arguably more importantly, the reduction in our net cash burn indicates how our financial discipline is coming to fruition. The latter point will ultimately further enable us to be a leader in our industry with unrivaled capital to support our multipronged strategy via-a-vis M&A, R&D, and go-to-market investments. In parallel, I am a bit discontent with the top-line. While it is traditionally weakest quarter of the year, it was still few percent below our budget. Yet, while the top-line is important, it is our positioning to deliver to the bottom-line that should become an increasing focus for our shareholders. We acknowledge a paradigm shift in the market expectations in comparison to the “top lines” and inflated valuations euphorias of the SPAC period of 2021-2023."

• Prev
• Next