Nano Dimension Ltd (NASDAQ:NNDM) saw its stock surge 5.13% in pre-market trading on Thursday, following the release of its Q4 2024 earnings report. The digital manufacturing company reported several positive developments that seem to have buoyed investor confidence.

According to the earnings call highlights, Nano Dimension achieved a 2.6% year-over-year revenue increase, reaching $57.8 million. More impressively, the company improved its adjusted EBITDA by 35% to $65.2 million. The firm also demonstrated strong fiscal management, reducing its net cash burn by 3.6% (excluding buyback impacts) and ending the year with a robust cash position of $845 million in cash equivalents and marketable securities.

Despite these positive indicators, Nano Dimension faces some challenges. The company is navigating the integration of its Desktop Metal acquisition, which has introduced significant liabilities, including $115 million in outstanding convertible notes. Additionally, the broader economic environment remains uncertain, with the purchasing manager's index (PMI) still below 50. However, the company's efforts to reduce operating expenses by $20 million annually and its focus on both growth and profitability appear to have resonated well with investors, contributing to the pre-market stock surge.