- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
