Nano Dimension Announces Q2/2024 and H1/2024 Results


Consolidated Statements of Cash Flows (Unaudited) (In thousands of USD)

	Six Months Ended June 30,				Three Months Ended June 30,				Year Ended December 31, 2023
	2023		2024		2023		2024		Year Ended December 31, 2023
Cash flow from operating activities:
Net income (loss)	12,553		(79,223	)	(9,406	)	(44,261	)	(55,660	)
Adjustments:
Depreciation and amortization	2,963		3,431		1,540		1,365		6,544
Financing income net	(17,622	)	(17,840	)	(9,470	)	(8,042	)	(46,281	)
Revaluation of financial liabilities accounted at fair value	485		33		294		11		461
Revaluation of financial assets accounted at fair value	(57,201	)	57,104		(11,925	)	31,315		(23,462	)
Loss from disposal of property plant and equipment and right-of-use assets	345		6		221		—		326
Increase in deferred tax	(95	)	—		(92	)	—		(11	)
Share-based payments	11,542		6,833		5,418		3,373		20,101
Other	68		74		23		37		164
	(59,515	)	49,641		(13,991	)	28,059		(42,158	)
Changes in assets and liabilities:
(Increase) decrease in inventory	(1,212	)	(1,899	)	(667	)	388		(340	)
(Increase) decrease in other receivables	669		5,845		1,520		1,256		(5,775	)
(Increase) decrease in trade receivables	(6,039	)	3		(2,331	)	(310	)	(5,603	)
Increase (decrease) in other payables	(1,345	)	(3,779	)	(817	)	(1,862	)	4,856
Increase (decrease) in employee benefits	(399	)	132		162		81		(1,478	)
Increase (decrease) in trade payables	(828	)	(1,410	)	(2,633	)	(1,065	)	1,089

	(9,154	)	(1,108	)	(4,766	)	(1,512	)	(7,251	)
Net cash used in operating activities	(56,116	)	(30,690	)	(28,163	)	(17,714	)	(105,069	)

Cash flow from investing activities:
Change in bank deposits	(151,391	)	5,412		77,106		12,006		(189,060	)
Interest received	17,998		22,715		6,706		5,561		41,529
Change in restricted bank deposits	(34	)	(25	)	237		(14	)	(27	)
Acquisition of property plant and equipment	(7,121	)	(1,169	)	(3,177	)	(393	)	(9,098	)
Acquisition of intangible asset	—		(711	)	—		—		(1,524	)
Payment of a liability for contingent consideration in a business combination	(9,255	)	—		(5,295	)	—		(9,255	)
Other	—		—		—		—		835
Net cash from (used in) investing activities	(149,803	)	26,222		75,577		17,160		(166,600	)
Cash flow from financing activities:
Lease payments	(2,471	)	(2,306	)	(1,251	)	(1,166	)	(4,823	)
Repayment long-term bank debt	(96	)	(107	)	(39	)	(34	)	(536	)
Proceeds from non-controlling interests	550		—		550		—		1,089
Amounts recognized in respect of government grants liability	(172	)	(101	)	(87	)	(65	)	(298	)
Payments of share price protection recognized in business combination	(1,780	)	(363	)	(1,780	)	—		(4,459	)
Repurchase of treasury shares	(19,741	)	(69,755	)	(1,349	)	(18,190	)	(96,387	)
Net cash used in financing activities	(23,710	)	(72,632	)	(3,956	)	(19,455	)	(105,414	)
Increase (decrease) in cash and cash equivalents	(229,629	)	(77,100	)	43,458		(20,009	)	(377,083	)
Cash and cash equivalents at beginning of the period	685,362		309,571		412,172		251,858		685,362
Effect of exchange rate fluctuations on cash	(1,178	)	(694	)	(1,075	)	(72	)	1,292
Cash and cash equivalents at end of the period	454,555		231,777		454,555		231,777		309,571

Non-cash transactions:
Intangible asset acquired on credit	—		—		—		—		711
Property plant and equipment acquired on credit	328		176		(148	)	176		214
Repurchase of treasury shares on credit	3,518		—		3,518		—		—
Recognition of a right-of-use asset	199		223		72		65		929

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