SUNRISE, FL -- Nano Dimension today announced third quarter revenues of $1.34 million, up from $438,000 a year ago.

The increase is attributed to sales of its DragonFly systems and Fabrica 2.0 machines.

The net loss for the quarter ended Sept. 30 was $18.2 million, compared to $13.6 million in the second quarter of 2021, and $20.7 million in the third quarter 2020. The operating loss was $24.5 million, including approximately $12.5 million of non-cash share-based compensation plus depreciation and amortization expenses.

The company ended the quarter with a cash and deposits balance of $1.39 billion, including short-term unrestricted bank deposits.

“Our revenue for the nine months ended September 30, 2021, was up by more than 107% compared to the same period in 2020, with an increase of 65% in quarter-over-quarter compared to the second quarter of 2021," said Yoav Stern, chairman and ehief executive, Nano Dimension. "While this is a substantial early indication of the build-up of our sales and marketing network, these results are not necessarily a comprehensive attestation of the status of the company. Our business is positively affected by sporadic yet repetitive adjustments of the relevant industrial communities toward a ‘living with Covid-19 mentality.’ Encouraging as they are, our revenue numbers are still too small in absolute magnitude to derive any meaningful conclusions."

He also noted the introduction of a new additive printing machine and the acquisition of electronics assembly equipment OEM Essemtec.


Check out PCB East, the technical conference and exhibition for the PCB industry on the East Coast!

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account