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Nano Dimension Q4 2024 Earnings Report
Nano Dimension reported its Q4 2024 financial results, showing a slight increase in revenue and a significant increase in net loss, primarily due to the revaluation of its investment in Stratasys' shares.
Key Takeaways
Nano Dimension announced its Q4 2024 financial results, with revenue slightly up by 1% year-over-year to $14.6 million. The company reported a net loss of $9.1 million, a significant increase from the previous year, mainly attributed to the revaluation of its investment in Stratasys' shares. Adjusted EBITDA showed a 9% improvement year-over-year.
Q4 2024 revenue increased by 1% year-over-year to $14.6 million.
Net loss for Q4 2024 was $9.1 million, a 576% increase year-over-year, primarily due to Stratasys' shares revaluation.
Adjusted EBITDA for Q4 2024 improved by 9% year-over-year to ($20.7) million.
The company's strategic transformation includes focusing on Additively Manufactured Electronics (AME) and surface-mount technology (SMT), while discontinuing non-core product groups.
Nano Dimension
Nano Dimension
Forward Guidance
Nano Dimension is undergoing a transformation to become a leader in digital manufacturing, focusing on disciplined execution and profitable growth. The company plans to host a strategic update in June 2025 to provide further insights into its progress.
Positive Outlook
- Strategic focus on Additively Manufactured Electronics (AME) and surface-mount technology (SMT) for future growth.
- Disciplined execution and operational focus on capital strength and profitable growth.
- Commitment to partnering with leading industrial titans for advanced parts manufacturing at scale.
- Utilization of cloud-based processing, machine learning, and intelligent systems for precise and scalable parts production.
- Positioned to benefit from global trade and production realignment towards digital manufacturing, re-shoring, supply chain resilience, IP security, and sustainability.
Challenges Ahead
- Desktop Metal has limited liquidity and significant liabilities, including $115 million in outstanding convertible notes.
- Desktop Metal does not currently have sufficient liquidity or financing commitment to fund required note repurchases or other material liabilities.
- Uncertainty regarding the outcome or timing of Desktop Metal's strategic review process.
- No assurances can be given on the amount of additional financing to be provided to Desktop Metal.
- Early stages of review for Markforged, indicating potential future challenges or adjustments.