Nano Dimension Reports 2018 Second Quarter Financial Results

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, Nano Dimension is using forward-looking statements when it discusses pursuing new sales and relationships with U.S. federal government agencies, and expectations regarding continuous growth with the support of resellers and strategic partners. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 15, 2018, and in any subsequent filings with the SEC. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: Nano Dimension’s ability to increase sales and revenue, its burn rate, and its ability to continue as a going concern. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third party websites. 

CONTACT INVESTOR RELATIONS: 
Miri Segal-Scharia
CEO
MS-IR LLC 
917-607-8654 
msegal@ms-ir.com     
   

Consolidated Statements of Financial Position as at

  June 30,  December 31, 
  2017  2018  2017 
(In thousands of USD) (Unaudited)  (Unaudited)    
          
Assets         
Cash and cash equivalents  16,495   11,601   6,103 
Restricted deposits  222   20   107 
Trade receivables  --   628   94 
Other receivables  1,181   653   583 
Inventory  175   2,488   2,336 
Total current assets  18,073   15,390   9,223 
             
Restricted deposits  122   329   346 
Property plant and equipment, net  4,404   5,248   5,172 
Intangible assets  7,081   6,369   6,755 
Total non-current assets   11,607       11,946       12,273  
Total assets     29,680       27,336       21,496  
                         
Liabilities                        
Trade payables     820       1,162       512  
Other payables     2,184       1,929       1,683  
Total current liabilities     3,004       3,091       2,195  
                         
Liability in respect of government grants     774       934       833  
Other long-term liabilities     329       272       302  
Total non-current liabilities     1,103       1,206       1,135  
Total liabilities     4,107       4,297       3,330  
                         
Equity                        
Share capital     2,301       3,291       2,307  
Share premium     44,210       58,613       45,722  
Treasury shares     (1,509 )     (1,509 )     (1,509 )
Warrants     1,204       13       33  
Presentation currency translation reserve     941       1,431       1,431  
Capital reserve from transactions with controlling shareholders     63       63       63  
Capital reserve for share-based payments     5,728       5,152       6,241  
Accumulated loss     (27,365 )     (44,015 )     (36,122 )
Total equity     25,573       23,039       18,166  
Total liabilities and equity     29,680       27,336       21,496  

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