Nano Dimension saw a rise in revenue driven by the inclusion of Markforged's operations. However, the quarter ended with a steep net loss due to impairment charges and losses from discontinued operations related to Desktop Metal.
The second quarter results include the consolidation of Markforged, contributing $16.1 million in revenue and $3.4 million in gross profit.
Nano Dimension initiated a strategic alternatives review to unlock potential and maximize shareholder value.
The Desktop Metal acquisition proved challenging and costly, with an impairment of $139.4 million and a loss from operations of $30.4 million from discontinued operations.
Despite the Desktop Metal challenges, Nano Dimension maintains a strong balance sheet and is focused on future growth through technology advancement and customer relationships.
Nano Dimension initiated a strategic review to unlock shareholder value while integrating acquisitions and navigating operational challenges.
Visualization of income flow from segment revenue to net income