- Nano Dimension Ltd NNDM reported third-quarter revenue growth of 646% Y/Y to $9.998 million.
- Revenue fell 10% Q/Q, influenced by European conflict and supply chain delays.
- Nano Dimension's product lines, except for European additive electronics machines, drove the increase Y/Y.
- The gross margin contracted over 900 bps to 18% as costs surged over 739.2%.
- Adjusted EBITDA loss was $(24.2) million. EPS loss was $(0.26).
- NNDM held $1.05 billion in cash and bank deposit balances and used $(22.3) million in operating cash flow.
- Outlook: Nano Dimension noted that its revenue run rate indicates an expected Y/Y growth of 300% in FY22.
- Price Action: NNDM shares are trading lower by 0.4% at $2.46 in the premarket on the last check Thursday.
© 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
