Nano Dimension Shares Pop On 206% Revenue Growth In Q3 Backed By DragonFly, Fabrica

November 24, 2021 8:57 AM | 1 min read |

Nano Dimension Ltd NNDM reported third-quarter FY21 revenue growth of 205.9% year-on-year to $1.34 million.
Higher sales of DragonFly systems and revenues from Fabrica 2.0 machines drove the growth.
The net loss per share narrowed to $(0.07) from $(0.45) Y/Y.
The company held $1.4 billion in cash and equivalents.
"Our business is positively affected by sporadic yet repetitive adjustments of the relevant industrial communities toward a 'living with Covid-19 mentality," Chair and CEO Yoav Stern said.
"More important is the introduction of our new DragonFly IV system, combined with the efficiency-enhancing FLIGHT Software package."
Price Action: NNDM shares traded higher by 5.05% at $4.83 in the premarket session on the last check Wednesday.