WALTHAM, MA – Nano Dimension announced third quarter revenue of $14.9 million, an increase of 22.1% from last year's third quarter.

The company's $43.2 million in revenue for the first nine months of the year marked an increase of 3% from the same period in 2023.

"I am pleased to report that we have achieved the strongest third quarter performance in our company's history," said CEO Yoav Stern. "This remarkable accomplishment comes despite the broader market experiencing continued uncertainty in capital spending on manufacturing equipment – a challenge that has notably impacted many of our industry peers.

"Crucially, it is not just about the top-line. As part of our 'Reshaping Nano Initiative,' we have reduced our net cash burn to $3 million for the quarter. This is 80% less than the same quarter last year and a key milestone on our path to being an EBITDA positive business.

"What makes this quarter truly extraordinary is not just our financial performance, but also the strategic milestones we've reached. In Q3 alone, our team successfully announced two transformational M&A agreements – with Desktop Metal, Inc. (on July 3rd, 2024) and Markforged Holding Corporation (on September 25th, 2024). Each of these deals would be considered landmarks in their own right; to execute both in a single quarter is a testament to our team's exceptional execution capabilities and our clear strategic vision.

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