Release Date: April 30, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Nano Dimension Ltd (NASDAQ:NNDM) reported a revenue increase of 2.6% year over year, reaching $57.8 million.
• The company improved its adjusted EBITDA by 35% to $65.2 million.
• Net cash burn declined significantly by 3.6%, excluding the impact of the buyback.
• NNDM ended the year with a strong cash position of $845 million in cash equivalents and marketable securities.
• The company has reduced operating expenses by $20 million annually, demonstrating a commitment to cost efficiency.

Negative Points

• Despite revenue growth, the purchasing manager's index (PMI) remains below 50, indicating potential macroeconomic challenges.
• The acquisition of Desktop Metal has introduced significant liabilities, including $115 million in outstanding convertible notes.
• Desktop Metal's limited liquidity and financial challenges pose risks to NNDM's financial stability.
• The company's share price remains a concern for long-term shareholders, with some investors experiencing significant losses.
• NNDM's strategic review of Desktop Metal's assets suggests uncertainty about the value and future of this acquisition.

Q & A Highlights

• Warning! GuruFocus has detected 1 Warning Sign with NNDM.

Q: Are you going to focus on growth or profitability in the near term? A: Julian Leiderman, Chief Business Officer: We are focused on both growth and profitability. It's about balancing these two aspects by focusing on technologies that solve real problems and have future potential, while managing costs responsibly to ensure a path to profitability.

Q: What gives Nano Dimension an advantage in the digital manufacturing space? Is there anything missing from your portfolio? A: Julian Leiderman, Chief Business Officer: Our software is a significant advantage. We believe the future of the industry will be similar to the 2D printing industry, where software plays a crucial role. Markforged, in particular, has a strong software platform that we are excited to leverage for future opportunities.

Q: Can you comment on the potential synergies with Markforged, both on cost and revenue? A: Julian Leiderman, Chief Business Officer: While we are not providing specific financial numbers yet, we see significant organizational synergies, especially since we focus on the same customers and share a software-first approach.

Q: How do you plan to reinvigorate investor interest and improve the share price? A: Julian Leiderman, Chief Business Officer: Reestablishing trust with shareholders is key. We are committed to transparency, hitting clear milestones, and being open about challenges. Our transformation efforts, including focusing on core products and reducing operating expenses, are aimed at improving organizational efficiency and shareholder value.

Q: What is your approach to the Desktop Metal acquisition, given its liabilities and liquidity issues? A: Julian Leiderman, Chief Business Officer: Desktop Metal is running its own independent process to address its liabilities and liquidity needs. We respect this process and are waiting to see the results before making further decisions.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.