- Cash and cash equivalents, together with short and long-term unrestricted bank deposits totaled $1,048,712,000 as of September 30th, 2022, compared to $1,355,595,000 as of December 31st, 2021. The decrease compared to December 31st, 2021, mainly reflects cash used in operating activities and investing activities.
- Shareholders’ equity totaled $1,230,716,000 as of September 30th, 2022, compared to $1,343,356,000 as of December 31st, 2021.
Conference call information
The Company will host a conference call to discuss these financial results today, December 1st, 2022, at 9:00 a.m. EDT (4:00 p.m. IDT).
We encourage participants to pre-register for the conference call using the following link:
https://dpregister.com/sreg/10172491/f4dc959048.
Webcast link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=dJL0SDBd.
U.S. Dial-in Number: 844-695-5517, INTERNATIONAL DIAL IN: 1-412-902-6751, Israel Dial-in Number: 1-80-9212373. 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
http://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 an 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.
The
DragonFly IV
® system and specialized materials serve cross-industry
High-
Performance-
Electronic-
Device
s (
Hi-PEDs
®) fabrication needs by simultaneously depositing proprietary conductive and dielectric substances, while integrating in-situ capacitors, antennas, coils, transformers, and electromechanical components. The outcomes are
Hi-PEDs
® which are critical enablers of autonomous intelligent drones, cars, satellites, smartphones, and in vivo medical devices. In addition, these products enable iterative development, IP safety, fast time-to-market, and device performance gains.
Nano Dimension also develops complementary production equipment for
Hi-PEDs
® and printed circuit board (PCB) assembly (
Puma, Fox, Tarantula, Spider etc.). The core competitive edge for this technology is in its adaptive, highly flexible surface-mount technology (SMT) pick-and-place equipment, materials dispenser suitable for both high-speed dispensing and micro-dispensing, as well as an intelligent production material storage and logistics system. Nano Dimension is a leading developer and supplier of high-performance control electronics, software, and ink delivery system. It invents and delivers state-of-the-art 2D and 3D printing hardware and unique operating software. It focuses on high-value, precision-oriented applications such as specialized direct-to-container packaging, printed electronics functional fluids, and 3D printing, all controlled by the proprietary software system -
Atlas.
Serving similar users of
Hi-PEDs
®, Nano Dimension’s AM products include
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. In addition, Nano’s Admatec Division supplies printing from
Powder to Part by powder-based shaping & sintering technologies, from design to serial production of Powder Metallurgical & Ceramic parts or devices. The
Admaflex 130
&
300 3D printing machines for ceramics and metals are modular DLP printing systems on one platform with customer-friendly software enabling full parameter accessibility & control and unique vision-based process monitoring.
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 potential for growth of approximately 300% in full year 2022 and 10 times from 2020 to 2022, the ability of the Company to execute on its vision and business plans, including without needing to raise more capital, its future growth both organically and from acquisitions, its ability to sell complementary products, its commitment, vision and aim to build an ecofriendly and intelligent distributed secured network of 3D printers & roll-in adjacent industrial machine-learning-led-digitized manufacturing and self-learning and self-improving machines, that if contraction of multiples and valuations will be sustained, the Company expects to take advantage of its frugal approach to cash management during the unreasonable “market-inflation” during 2020 to early 2022, and that if acquisitions will withstand more reasonable prices, the Company hopes to show attractive synergistic growth from M&A activity. 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 31, 2022, and in any subsequent filings with the SEC. 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 | ||||||||||||
(In thousands of USD) | 2021 | 2022 | 2021(*) | ||||||||||
(Unaudited) | (Unaudited) | ||||||||||||
Assets | |||||||||||||
Cash and cash equivalents | 1,127,778 | 370,197 | 853,626 | ||||||||||
Bank deposits | 257,613 | 650,111 | 437,598 | ||||||||||
Restricted deposits | 165 | 77 | 148 | ||||||||||
Trade receivables | 1,223 | 5,929 | 3,422 | ||||||||||
Other receivables | 3,459 | 2,925 | 5,902 | ||||||||||
Inventory | 4,035 | 17,837 | 11,199 | ||||||||||
Total current assets | 1,394,273 | 1,047,076 | 1,311,895 | ||||||||||
Restricted deposits | 483 | 521 | 501 | ||||||||||
Bank deposits | - | 28,404 | 64,371 | ||||||||||
Investment in securities | - | 139,707 | - | ||||||||||
Other long-term assets | - | 1,282 | 1,007 | ||||||||||
Property plant and equipment, net | 7,523 | 13,166 | 7,690 | ||||||||||
Right of use asset | 4,869 | 13,972 | 4,491 | ||||||||||
Intangible assets | 116,767 | 31,799 | - | ||||||||||
Total non-current assets | 129,642 | 228,851 | 78,060 | ||||||||||
Total assets | 1,523,915 | 1,275,927 | 1,389,955 | ||||||||||
Liabilities | |||||||||||||
Trade payables | 1,796 | 2,925 | 2,833 | ||||||||||
Financial derivatives | 4,775 | 8,189 | 14,910 | ||||||||||
Other payables | 7,970 | 18,864 | 13,836 | ||||||||||
Current portion of other long-term liability | - | 370 | 417 | ||||||||||
Total current liabilities | 14,541 | 30,348 | 31,996 | ||||||||||
Liability in respect of government grants | 1,910 | 1,507 | 1,560 | ||||||||||
Employee benefits | - | 296 | 4,145 | ||||||||||
Liability in respect of warrants | 5,523 | 124 | 3,347 | ||||||||||
Lease liability | 3,577 | 10,519 | 3,336 | ||||||||||
Deferred tax liabilities | 3,128 | 587 | 236 | ||||||||||
Loan from banks | - | 785 | 1,104 | ||||||||||
Other long-term liabilities | - | 180 | - | ||||||||||
Total non-current liabilities | 14,138 | 13,998 | 13,728 | ||||||||||
Total liabilities | 28,679 | 44,346 | 45,724 | ||||||||||
Equity | |||||||||||||
Non-controlling interests | 572 | 865 | 875 | ||||||||||
Share capital | 386,372 | 387,646 | 386,665 | ||||||||||
Share premium and capital reserves | 1,257,980 | 1,291,290 | 1,266,027 | ||||||||||
Treasury shares | (1,509 | ) | (1,509 | ) | (1,509 | ) | |||||||
Remeasurement of Net Defined Benefit liability (IAS 19) | - | 3,127 | - | ||||||||||
Presentation currency translation reserve | 1,431 | (848 | ) | 1,407 | |||||||||
Accumulated loss | (149,610 | ) | (448,990 | ) | (309,234 | ) | |||||||
Equity attributable to owners of the company | 1,494,664 | 1,230,716 | 1,343,356 | ||||||||||
Total equity | 1,495,236 | 1,231,581 | 1,344,231 | ||||||||||
Total liabilities and equity | 1,523,915 | 1,275,927 | 1,389,955 | ||||||||||
(*) The December 31 st , 2021, balances were derived from the Company’s audited annual financial statements.
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