WALTHAM, MA – Nano Dimension has released its financial results for the second quarter, a period marked by acquisitions, restructuring and leadership changes. The company reported revenue of $25.8 million, a 72% year-over-year increase, largely reflecting the consolidation of Markforged following its April acquisition. The business contributed $16.1 million in revenue and $3.4 million in gross profit.

Desktop Metal, also acquired during the quarter, was classified as “assets held for sale” and later filed for Chapter 11 bankruptcy protection in July. The acquisition resulted in an impairment charge of $139.4 million and a $30.4 million operating loss, recorded as discontinued operations.

The company ended the quarter with $551 million in cash, down from $840.4 million in the first quarter, primarily due to the acquisitions. As of August 31, total liquidity stood at more than $520 million, excluding Desktop Metal.

Nano Dimension recently appointed David Stehlin as CEO and launched a strategic review to evaluate alternatives for maximizing shareholder value. The company emphasized its strong balance sheet and ongoing investments in technology, customer relationships and market expansion.

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