- 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...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
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