WALTHAM, MA – Nano Dimension reported record revenue of $15 million for the second quarter, up 2% from last year's second quarter.

Total revenues for the second quarter of 2024 were $14,986,000, compared to $14,737,000 in the second quarter of 2023. The increase is attributed to increased sales of the Company’s product lines.

For the first six months of the year, revenue totaled $28.35 million, down 4.5% compared to the first half of 2023.

Exciting times are ahead, as your company continues to improve from the top to the bottom line," said CEO Yoav Stern. "Additionally, a transformational M&A definitive agreement is expected to change our scale, makeup and merits of the business model, exponentially.

"The first point to highlight is this year’s quarterly revenue of $15 million," he continued. "This is a record, especially in the context of alleged macroeconomic headwinds and high interest rates that seemingly all companies in our industry attest to as being meaningfully challenging. Our exposure to markets indicates “headwinds” mostly in central Europe, at this point.

"But we are not only resting on our laurels. We see continued improvements in our financial strength as we move below the top-line and into our cash flow. This has been the focus of our leadership team since we announced our Reshaping Nano Initiative in Q3/2023. Our efforts are bearing fruit. In comparing our H1 figures for 2024 vs. 2023, we see a 183 bps improvement in gross margin and a $40 million reduction in net cash burn. The latter is a monumental change and a reflection of the hard work of our team to realize synergies and organizational efficiencies.