Nano Dimension Ltd. has released its financial results for the year ended December 31, 2023. The company reported a decrease in cash and cash equivalents, with a reduction from $685.4 million at the end of 2022 to $309.6 million by the end of 2023. This reflects a significant decline of $377.1 million over the year. The effect of exchange rate fluctuations on cash during this period was a positive $1.3 million. The company noted that its operations involve industrial manufacturing solutions combining hardware, software, and materials science, which are utilized by advanced industrial customers across various sectors, including aerospace, defense, and electronics. No specific guidance or outlook was provided in the report.
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