Nano Dimension’s Revenue Increased by 107% in 9 Months and by 206% in 3 Months Ended 09/30/2021, Compared to 09/30/2020; 65% Increase Over Q2/2021

  • Cash and cash equivalents, together with short-term bank deposits, totaled $1,385,391,000 as of September 30, 2021, compared to $670,934,000 as of December 31, 2020. The increase compared to December 31, 2020, mainly reflects proceeds received from the sale of American Depositary Shares representing the Company’s ordinary shares, less cash used in operations, during the nine months ended September 30, 2021.

  • Total equity totaled $1,495,236,000 as of September 30, 2021, compared to $667,116,000 as of December 31, 2020.

Conference call information

The Company will host a conference call to discuss these financial results today, November 24, 2021, at 9:00 a.m. EST (4:00 p.m. IST). U.S. Dial-in Number: 1-866-744-5399, Israel Dial-in Number: 972-3-9180692. Webcast link:  https://Veidan.activetrail.biz/nanodimensionq3-2021. Please request the “Nano Dimension NNDM call” when prompted by the conference call operator. For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at investors.nano-di.com/events-and- presentations.

About Nano Dimension

Nano Dimension’s (Nasdaq: NNDM) vision is to transform the electronics and similar additive manufacturing sectors through the development and delivery of environmentally friendly and economically efficient additive manufacturing, Industry 4.0 solution, while enabling a one-production-step-conversion of digital designs into functioning devices - on-demand, anytime, anywhere.

Nano Dimension plans to execute on this vision by building an eco-friendly and intelligent distributed network of additively manufacturing self-learning & self-improving systems, which are designed to deliver a superior ROI to their owners as well as to Nano Dimension shareholders and stakeholders.

The DragonFly IV ® system serves cross-industry High- Performance Electronic Device s ( Hi-PEDs ®) fabrication needs, by depositing proprietary conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers, and electromechanical components. The outcomes are Hi-PEDs ® which are integral enablers of autonomous intelligent drones, cars, satellites, smartphones, and in vivo medical devices. These products enable iterative development, IP safety, fast time-to-market, and device performance gains. With DragonFly IV®, a revolution happens at the click of a button, allowing customers to go from CAD to a functional device in a matter of hours instead of weeks; creating products with better performance; reducing the size and weight of electronic parts and devices; enabling innovation; and, critically important, protecting IP, all the while limiting environmental pollution and chemical waste.

Nano Dimension’s Fabrica 2.0 micro additive manufacturing system enables the production of microparts based on a Digital Light Processor (DLP) engine that achieves repeatable micron levels resolution. The Fabrica 2.0 is engineered with a patented array of sensors that allows a closed feedback loop, using proprietary materials to achieve very high accuracy while remaining a cost-effective mass manufacturing solution. It is used in the areas of micron-level resolution of medical devices, micro-optics, semi-conductors, micro-electronics, micro-electro-mechanical systems (MEMS), microfluidics, and life sciences instruments.

For more information, please visit www.nano-di.com.

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 the benefits and advantages of DragonFly IV system, that Essemtec’s portfolio of products will continue to be available to their customers, while also being part of the AME revolution that the Company is driving with its existing technology, the potential for completion of and benefits from any additional M&A transactions, future performance of our solutions, potential achievement of future milestones and the potential increase of value by step functions and returns on investment. 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 11, 2021, 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.

NANO DIMENSION INVESTOR RELATIONS CONTACT

Yael Sandler, CFO | ir@nano-di.com


Unaudited Consolidated Statements of Financial Position as at

 September 30,  December 31, 
 2021  2020  2020 
(In thousands of USD)        
Assets        
Cash and cash equivalents 1,127,778   21,020     585,338  
Bank deposits 257,613     16,300     85,596  
Restricted deposits 165     60     62  
Trade receivables 1,223     568     713  
Other receivables 3,459     661     1,126  
Inventory 4,035     4,032     3,314  
Total current assets 1,394,273     42,641     676,149  
                 
Bank deposits -     8,400     -  
Restricted deposits 483     379     406  
Property plant and equipment, net 7,523     4,735     5,092  
Right of use asset 4,869     2,478     3,169  
Intangible assets 116,767     4,633     4,440  
Total non-current assets 129,642     20,625     13,107  
Total assets 1,523,915     63,266     689,256  
                 
Liabilities                
Trade payables 1,796     842     776  
Other payables 7,970     4,420     5,910  
Financial derivatives 4,775     -     -  
Total current liabilities 14,541     5,262     6,686  
                 
Liability in respect of government grants 1,910     883     850  
Lease liability 3,577     1,829     2,618  
Deferred tax liabilities 3,128     -     -  
Liability in respect of warrants and rights of purchase 5,523     2,601     11,986  
Total non-current liabilities 14,138     5,313     15,454  
Total liabilities 28,679     10,575     22,140  
                 
Equity                
Non-controlling interests 572     -     -  
Share capital 386,372     66,252     257,225  
Share premium and capital reserves 1,257,980     77,535     518,426  
Treasury shares (1,509 )   (1,509 )   (1,509 )
Presentation currency translation reserve 1,431     1,431     1,431  
Accumulated loss (149,610 )   (91,018 )   (108,457 )
Total equity 1,495,236     52,691     667,116  
Total liabilities and equity 1,523,915     63,266     689,256  
                 
                 
                 



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