Conference call to be held at 10:00 a.m. EST

NESS ZIONA, Israel, Nov. 8, 2016 — (PRNewswire) —  Nano Dimension Ltd. (NASDAQ, TASE: NNDM), a leader in the area of 3D Printed Electronics, today announced financial results for the third quarter ended September 30, 2016.

Nano Dimension ended the third quarter of 2016 with $14,243,000 (NIS 53,524,000) in cash and cash equivalents, while total quarterly expenses were $1,727,000 (NIS 6,491,000).

Amit Dror, CEO, said, "The third quarter has been marked by major milestones for Nano Dimension. First and foremost, the company began rolling out its sales operation. To this end, Nano Dimension supplied its first two DragonFly 2020 3D Printer systems to beta partners for evaluation and demonstration purposes. Nano Dimension also closed its first public offering of American Depository Shares (ADSs) in the United States, with total gross proceeds from the offering of approximately $13.8 million."

"In addition, during the quarter, the company continued to innovate and invest in R&D in new fields outside of its current core business. The significant activity over the course of the third quarter positions the company well moving forward, and we believe we have great momentum for Nano Dimension's continued success."

Third Quarter 2016 Financial Results:

• Research and development (R&D) expenses for the third quarter of 2016 were $674,000 (NIS 2,533,000), compared to $503,000 (NIS 1,933,000) in the second quarter of 2016 and $357,000 (NIS 1,342,000) in the third quarter of 2015. The increase compared to the second quarter of 2016 was mainly attributable to an increase of $86,000 (NIS 324,000) in salaries and related personnel expenses, reflecting an increase in the number of employees (the company had 67 R&D employees as of September 30, 2016, and 57 R&D employees as of June 30, 2016), and an increase of $75,000 (NIS 282,000) in materials purchases.
  
  The R&D expenses for the third quarter of 2016 are presented net of government grants in the amount of $40,000 (NIS 151,000) and net of development expenses recognized as intangible assets in the amount of $1,425,000 (NIS 5,356,000).
• General and administrative (G&A) expenses for the third quarter of 2016 were $1,049,000 (NIS 3,941,000), compared to $1,197,000 (NIS 4,605,000) in the second quarter of 2016 and $987,000 (NIS 3,708,000) in the third quarter of 2015. The decrease compared to the second quarter of 2016 resulted primarily from a decrease of $253,000 (NIS 951,000) in professional services and other general expenses. 
• Net loss for the third quarter of 2016 was $1,727,000 (NIS 6,491,000), or $0.05 (NIS 0.17) per share, compared to $1,664,000 (NIS 6,401,000), or $0.04 (NIS 0.17) per share, in the second quarter of 2016 and $913,000 (NIS 3,430,000), or $0.03 (NIS 0.12) per share, in the third quarter of 2015. The change compared to the second quarter of 2016 was due to the changes in the expenses described above.   

Balance Sheet Highlights

• Cash and cash equivalents totaled $14,243,000 (NIS 53,524,000) as of September 30, 2016, compared to $8,665,000 (NIS 33,811,000) on December 31, 2015. The increase compared to December 31, 2015 reflects the proceeds received from the U.S. public offering the company made in the third quarter of 2016, as well as proceeds received from government grants and exercise of warrants during the period, less the cash used in operations during the nine-month period ended September 30, 2016.
• Shareholders' equity totaled $21,307,000 (NIS 80,071,000) as of September 30, 2016, compared to $12,047,000 (NIS 47,004,000) as of December 31, 2015.

Third Quarter and Recent Corporate Highlights:

• On July 5, 2016, the company announced that it completed the development of the initial version of its software package, which will be integrated in the company's DragonFly 2020 3D printer.
• On August 24, 2016, the company announced that it supplied the first DragonFly 2020 printer designated for 3D circuitry and printed circuit boards (PCBs) to a leading defense company in Israel for evaluation purposes.
• On September 6, 2016, the company announced that it will open a production facility for the company's unique nano-ink products. The facility is located in Ness Ziona, Israel, in the same building as the company's headquarters.
• On September 14, 2016, the company announced that it delivered its DragonFly 2020 3D printer to FATHOM. FATHOM is a beta and go-to-market partner with expertise in advanced manufacturing and 3D printing that serves the Silicon Valley area and greater West Coast region.
• On September 20, 2016, the company announced that it conducted a successful test for 3D printing of conductive traces onto a treated fabric in collaboration with a leading European functional textiles company. The test was carried out using Nano Dimension's unique AgCite™ Silver Nanoparticle conductive ink and the DragonFly 2020 3D Printer platform.
• On September 30, 2016, the company issued 1,850,000 ADSs at a price of $6.50 per ADS in a public offering, and on October 11, 2016, the company issued an additional 275,275 ADSs pursuant to the underwriters' over-allotment option. The total gross proceeds from the offering were approximately $13.8 million, excluding underwriting discounts and commissions and other offering related expenses. Following the issuances from the public offering, the number of outstanding ordinary shares is equivalent to 9,915,326 ADSs.

Conference call information

The company will host a conference call to discuss these financial results today, November 8, 2016, at 10:00 a.m. EST (05:00 p.m. IST). Investors within the United States interested in participating are invited to call  1-844-763-8274. All other international participants can use the international dial-in number:  1-412-717-9224 . Please request the "Nano Dimension's call" when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of Nano Dimension's website at http://investors.nano-di.com/events-and-presentations .