World News: 11:00 GMT Wednesday 15th May 2019. [Nano Dimension Ltd. via Globe Newswire via SPi World News]
Conference call to be held today at 09:00 a.m. EDT
Nano Dimension reported revenues of $1,689,000 for the first quarter of 2019. The Company ended the quarter with $10,222,000 in cash, while total loss for the first quarter was $1,476,000.
“Our global expansion continues in accordance with our growth plan. We enhanced our presence in North America, and we entered the Japanese market with a sale to a leading Japanese PCB manufacturer,” said Amit Dror, Chief Executive Officer of Nano Dimension. “We improved the value offering to our customers by introducing disruptive new technologies and value-added applications such as side-contacts for PCB, 3D Printed capacitors and a fully functional IoT device. We believe that our advantage as a first mover in additive electronics, with the growing maturity of our product and our increasing global expansion are the key for immediate and long-term growth.”
The Company will host a conference call to discuss these financial results today, May 15, 2019, at 09:00 a.m. EDT (04:00 p.m. Israel time). Investors interested in participating are invited to register for the conference call here: to Dial-in numbers, including a local Israeli number and instructions, will be provided upon registration. U.S. Dial-in Number: 1-844-695-5517, International Dial-in Number: 1-412-902-6751, Israel Toll Free Dial-in Number: 1-80-9212373. Please request the “Nano Dimension NNDM call” when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of Nano Dimension’s website at
For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at
Nano Dimension is a leading additive electronics provider of precision 3D printed electronics that is disrupting, reshaping, and defining the future of how functional and connected products are made. With its unique additive manufacturing technologies, Nano Dimension targets the growing demand for electronic devices that require sophisticated features. Demand for circuitry, including PCBs, sensors and antennas - which are the heart of electronic devices - cover a diverse range of industries, including consumer electronics, medical devices, defense, aerospace, automotive, IoT and telecom. These sectors can all benefit greatly from Nano Dimension’s products and services for short-run manufacturing and rapid prototyping. For more information, please visit www.nano-di.com,
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 that its global expansion continues in accordance with its growth plan, and that the company believes that its advantage as a first mover in additive electronics, with the growing maturity of its product and its increasing global expansion are the key for immediate and long-term growth. The forward-looking statements contained or implied in this press release are subject to other 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 14, 2019, and in any subsequent filings with the SEC. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: Nano Dimension’s ability to increase sales and revenue, its burn rate, and its ability to continue as a going concern. Based on the projected cash flows and our cash balances as of March 31, 2019, Nano Dimension’s management is of the opinion that without further fund raising it will not have enough resources to enable it to continue advancing its activities for a period of at least 12 months. As a result, there is substantial doubt about Nano Dimension’s ability to continue as a going concern. 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.
(*) Reclassified. During 2018 the Group changed the equity presentation in the Consolidated Statements of Financial Position. In order to simplify presentation, warrants, capital reserves for share based payments and from transactions with controlling shareholders, were consolidated into the Share Premium section. This classification did not have any effect on the total equity.
Globe Newswire: 11:00 GMT Wednesday 15th May 2019
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