- Nano Dimension Ltd NNDM reported first-quarter revenue growth of 1,186% Y/Y to $10.43 million. Revenue grew 38% Q/Q.
- The growth in Nano Dimension's product lines drove the increase.
- The gross margin contracted by 2,271 bps to 9.6% as costs surged over 17 fold.
- Adjusted EBITDA loss was $(19.2) million.
- EPS loss improved Q/Q from $(0.62) to $(0.13).
- NNDM held $1.3 billion in cash and bank deposit balances and used $(21.4) million in operating cash flow.
- Outlook: Nano Dimension noted its revenue run rate indicates expected Y/Y growth of 300% in FY22.
- Price Action: NNDM shares are trading higher by 3.10% at $2.99 in the premarket on the last check Tuesday.
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