Edison Investment Research - NANO DIMENSION LTD. (NNDM) Nano Dimension - Outlining the path to profitabililty

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Edison Investment Research

Richard Williamson

Nano Dimension - Outlining the path to profitabililty

Nano Dimension reported Q323 year-on-year revenue growth of 21.6%, an adjusted gross margin of 48.0% (+20.4pp y-o-y) and an adjusted EBITDA loss of $30.1m. Despite the Israeli/Palestinian conflict, Nano Dimension maintains its outlook for FY23 and has launched an initiative to improve company profitability. It has also made improvements to corporate governance. With a substantial net cash balance and a material stake in Stratasys, the company is focused on optimising capital allocation, balancing M&A, share buybacks and investment in R&D.

12/12/2023 1 EN

Underlying

NANO DIMENSION LTD.

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US63008G2030 Israel

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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Nano Dimension - Outlining the path to profitabililty

Nano Dimension - Scaling up

Nano Dimension - Creating a leader in additive manufacturing

Nano Dimension - Agreement to acquire Desktop Metal

Card Factory - Confident on FY25 outlook

Immix Biopharma - US CAR-T trial progresses to dose expansion

Helios Underwriting - Strategic shift from growth to consolidation

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