The Company will host a conference call to discuss these financial results today, March 30th, 2023, at 9:00 a.m. EDT (4:00 p.m. IDT). We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10175112/f5aecf64c0.
Webcast link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=jXYiYYF0.
U.S. Dial-in Number: 844-695-5517, INTERNATIONAL DIAL IN: 1-412-902-6751, Israel Dial in Number: 1-80-9212373. Please request the “Nano Dimension NNDM call” when prompted by the conference call operator. For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at http://investors.nano-di.com/eventsand-presentations.
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.
Nano Dimension’s strategy is driven by the application of deep learning based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.
Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers based applications - from millimeters to several centimeters in size with micron precision.
Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing.
For more information, please visit www.nano-di.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, Nano Dimension is using forward-looking statements when it discusses its hope to accelerate its organic growth in the year ahead and remain well-positioned to execute on its M&A strategy, the Company’s offer to Stratasys and that the Company is continuing to build and pursue its pipeline of additional prospective synergistic M&A transactions. The forward-looking statements contained or implied in this press release are subject to risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Investor Relations | ir@nano-di.com
Consolidated Statements of Financial Position as at
| 2021 | 2022 | |||||||
| Thousands | Thousands | |||||||
| USD | USD | |||||||
| Assets | ||||||||
| Cash and cash equivalents | 853,626 | 685,362 | ||||||
| Bank deposits | 437,598 | 346,663 | ||||||
| Restricted deposits | 148 | 60 | ||||||
| Trade receivables | 3,422 | 6,342 | ||||||
| Other receivables | 5,902 | 6,491 | ||||||
| Inventory | 11,199 | 19,400 | ||||||
| Total current assets | 1,311,895 | 1,064,318 | ||||||
| Restricted deposits | 501 | 850 | ||||||
| Bank deposits | 64,371 | — | ||||||
| Investment in securities | — | 114,984 | ||||||
| Deferred tax | 1,007 | 115 | ||||||
| Other receivables | — | 809 | ||||||
| Property plant and equipment, net | 7,690 | 5,843 | ||||||
| Right of use assets | 4,491 | 16,539 | ||||||
| Intangible assets | — | — | ||||||
| Total non-current assets | 78,060 | 139,140 | ||||||
| Total assets | 1,389,955 | 1,203,458 | ||||||
| Liabilities | ||||||||
| Trade payables | 2,833 | 3,722 | ||||||
| Financial derivatives and deferred consideration | 14,910 | 8,798 | ||||||
| Other payables | 13,836 | 24,150 | ||||||
| Current portion of other long-term liability | 417 | 363 | ||||||
| Total current liabilities | 31,996 | 37,033 | ||||||
| Liability in respect of government grants | 1,560 | 1,492 | ||||||
| Employee benefits | 4,145 | 1,462 | ||||||
| Liability in respect of warrants | 3,347 | 69 | ||||||
| Lease liability | 3,336 | 12,374 | ||||||
| Deferred tax liabilities | 236 | — | ||||||
| Loan from banks | 1,104 | 736 | ||||||
| Total non-current liabilities | 13,728 | 16,133 | ||||||
| Total liabilities | 45,724 | 53,166 | ||||||
| Equity | ||||||||
| Non-controlling interests | 875 | 767 | ||||||
| Share capital | 386,665 | 388,406 | ||||||
| Share premium and capital reserves | 1,266,027 | 1,296,194 | ||||||
| Treasury shares | (1,509 | ) | (1,509 | ) | ||||
| Foreign currency translation reserve | 1,407 | 583 | ||||||
| Remeasurement of net defined benefit liability (IAS 19) | — | 2,508 | ||||||
| Accumulated loss | (309,234 | ) | (536,657 | ) | ||||
| Equity attributable to owners of the company | 1,343,356 | 1,149,525 | ||||||
| Total equity | 1,344,231 | 1,150,292 | ||||||
| Total liabilities and equity | 1,389,955 | 1,203,458 | ||||||
Consolidated Statements of Profit or Loss and Other Comprehensive Income
