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Nano Dimension Reports 11% Decrease in Q1 Revenue

Published: 06 June 2024
 by Tyler Hanes

WALTHAM, MA – Nano Dimension reported first quarter revenue of $13.4 million, down 10.8% compared to the first quarter of 2023.

The company said the decrease is attributed to decreased sales of its product lines.

The total cost of revenues for the first quarter was $7.2 million compared to $8.4 million in 2024's in the first quarter. The decrease resulted primarily from the above-mentioned decrease in revenues and cost reductions that improved the gross margin, the company said.

"This was a quarter in which we have seen evidence that the financial results are reflecting our long-term planning. What we said will happen, has happened," said CEO Yoav Stern.

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