Nano Dimension Ltd.
Business
Nano Dimension Ltd. provides industrial manufacturing solutions for design-to-manufacturing of electronics and mechanical parts, combining hardware, software, and materials science. It offers industrial machinery (additive manufacturing systems, surface-mount technology, industrial inkjet), software for design, simulation and manufacturing management, consumables and manufacturing services including dental part services. Key product groups and divisions include Desktop Metal, Markforged, DragonFly, Essemtec, Global Inkjet Systems, DentalLabs and related binder-jetting, FFF, DLP and inkjet technologies. The company sells directly and through channel partners to customers across the United States, Europe and Asia serving aerospace, defense, automotive, electronics, medical, research and government markets.
Summary from filing dated 2025-05-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Revenue | 102 | 58 | 56 | |
| Total cost of revenue | 68 | 33 | 30 | |
| Gross profit | 34 | 25 | 26 | |
| Research and development | 30 | 40 | 65 | |
| Sales and marketing | 36 | 28 | 34 | |
| General and administrative | 60 | 46 | 56 | |
| Restructuring costs | 8 | 0 | 0 | |
| Desktop Metal litigation | 31 | 0 | 0 | |
| Impairment losses | 11 | 1 | 0 | |
| Operating loss | −140 | −90 | −129 | |
| (Loss) gain on investment in marketable equity securities | −2 | −52 | 23 | |
| Other (expense) income, net | −479,000 | 486,000 | 2 | |
| Finance income | 35 | 43 | 48 | |
| Finance expense | −111,000 | −668,000 | −367,000 | |
| Loss before income taxes | −108 | −99 | −57 | |
| Income tax expense | 7 | −397,000 | −62,000 | |
| Net loss from continuing operations | −100 | −100 | −57 | |
| Net loss from discontinued operations, net of income tax of nil | −193 | 0 | 0 | |
| Net loss | −294 | −100 | −57 | |
| Less: Comprehensive loss attributable to non-controlling interests | −323,000 | −1 | −1 | |
| Net loss attributable to common shareholders | −293 | −99 | −56 | |
| Continuing operations - basic | −0.46 | −0.45 | −0.23 | |
| Continuing operations - diluted | −0.46 | −0.45 | −0.23 | |
| Discontinued operations - basic | −0.9 | 0 | 0 | |
| Discontinued operations - diluted | −0.9 | 0 | 0 | |
| Weighted Average Number of Shares Outstanding, Basic | 215,742 | 218,311 | 248,019 | |
| Weighted Average Number of Shares Outstanding, Diluted | 215,742 | 218,311 | 248,019 | |
| Foreign currency translation adjustment | 2 | −2 | 2 | |
| Remeasurement of pension and post-employment benefit plans, net of tax | 312,000 | −3 | −2 | |
| Comprehensive loss | −292 | −105 | −57 | |
| Less: Comprehensive loss attributable to non-controlling interests | −323,000 | −1 | −1 | |
| Comprehensive loss attributable to common shareholders | −291 | −103 | −56 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-04-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 205 | — | 317 | — | — | |
| Bank deposits | 169 | — | 441 | — | — | |
| Marketable equity securities | 84 | — | 0 | — | — | |
| Restricted bank deposits | 123,000 | — | 537,000 | — | — | |
| Trade receivables, net of allowance for doubtful accounts ($861 and $811, respectively) | 26 | — | 9 | — | — | |
| Other current assets | 9 | — | 5 | — | — | |
| Inventory | 33 | — | 17 | — | — | |
| Total current assets | 526 | — | 789 | — | — | |
| Restricted bank deposits | 2 | — | 768,000 | — | — | |
| Marketable equity securities | 0 | — | 86 | — | — | |
| Property, plant and equipment, net | 25 | — | 14 | — | — | |
| Operating lease right-of-use | 24 | — | 10 | — | — | |
| Deferred tax assets | 424,000 | — | 0 | — | — | |
| Goodwill | 40 | 40 | 0 | — | — | |
| Intangible assets, net | 19 | — | 2 | — | — | |
| Other assets | 2 | — | 0 | — | — | |
| Total assets | 638 | — | 903 | — | — | |
| Trade payables | 12 | — | 4 | — | — | |
| Accrued liabilities | 20 | — | 19 | — | — | |
| Deferred Revenue | 12 | — | 4 | — | — | |
| Current portion of lease liability | 9 | — | 3 | — | — | |
| Current portion of bank loan | 158,000 | — | 138,000 | — | — | |
| Total current liabilities | 52 | — | 30 | — | — | |
| Employee benefits | 4 | — | 5 | — | — | |
| Operating lease right-of-use liabilities | 23 | — | 7 | — | — | |
| Bank loan | 158,000 | — | 276,000 | — | — | |
| Long-term settlement payable | 3 | — | 0 | — | — | |
| Long-term deferred revenue | 4 | — | 0 | — | — | |
| Total liabilities | 86 | — | 42 | — | — | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Non-controlling interests | 0 | — | 715,000 | — | — | |
| Share capital of NIS 5 par value each; 500,000,000 ordinary shares authorized; 206,811,875 and 215,777,000 shares oustanding as of December 31, 2025 and December 31, 2024, respectively, and 279,306,522 and 273,847,185 shares issued as of December 31, 2025 and December 31, 2024, respectively. | 417 | — | 409 | — | — | |
| Additional paid-in capital | 1,297 | — | 1,297 | — | — | |
| Treasury stock | −193 | — | −168 | — | — | |
| Accumulated other comprehensive income (loss) | 1 | — | −1 | — | — | |
| Accumulated Loss | −971 | — | −678 | — | — | |
| Total equity attributable to common shareholders | 552 | — | 860 | — | — | |
| Total equity | 552 | — | 861 | 1,019 | 1,153 | |
| Total liabilities and equity | 638 | — | 903 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation, amortization and non-cash lease interest | 20 | 3 | 2 | |
| Impairment losses | 11 | 1 | 326,000 | |
| Changes in fair value of equity securities | 2 | 52 | −23 | |
| Loss from deconsolidation of subsidiaries | 2 | 0 | 0 | |
| Share-based compensation expense | 5 | 16 | 22 | |
| Decrease (increase) in inventory | 6 | 387,000 | −340,000 | |
| (Increase) decrease in other current assets | −175,000 | 6 | −6 | |
| (Increase) decrease in trade receivables | −2 | 3 | −6 | |
| Increase in deferred tax assets | −7 | 0 | −11,000 | |
| (Decrease) increase in other payables | −10 | −1 | 5 | |
| (Decrease) increase in employee benefits | −1 | −562,000 | −1 | |
| Increase in trade payables | 7 | 47,000 | 1 | |
| Other | −1 | 1 | −5 | |
| Net cash used in operating activities | −70 | −19 | −69 | |
| Change in bank deposits | 271 | 101 | −189 | |
| Purchase of property plant and equipment | −1 | −2 | −9 | |
| Acquisition of intangible asset | 0 | −711,000 | −2 | |
| Acquisition of subsidiaries, net of cash acquired | −268 | 0 | 0 | |
| Deconsolidation of subsidiaries | −476,000 | 0 | 0 | |
| Other | 0 | 0 | 835,000 | |
| Net cash from (used in) investing activities | 1 | 98 | −199 | |
| Repayment long-term bank debt | −149,000 | −180,000 | −536,000 | |
| Proceeds from Noncontrolling Interests | 0 | 555,000 | 1 | |
| Payment of a liability for contingent consideration in a business combination | 0 | 0 | −9 | |
| Payments of share price protection recognized in business combination | 0 | −363,000 | −4 | |
| Repurchase of treasury shares | −25 | −70 | −96 | |
| Net cash used in financing activities | −25 | −70 | −110 | |
| Net cash used in operating activities | −31 | 0 | 0 | |
| Net cash used in investing activities | −437,000 | 0 | 0 | |
| Net cash provided by financing activities | 10 | 0 | 0 | |
| Net cash used in discontinued operations | −21 | 0 | 0 | |
| (Decrease) increase in cash, cash equivalents and restricted cash | −115 | 9 | −377 | |
| Effect of exchange rate fluctuations on cash | 3 | −997,000 | 1 | |
| Intangible Asset Acquired On Credit | 0 | 0 | 711,000 | |
| Property plant and equipment acquired on credit | 17,000 | 69,000 | 214,000 | |
| Lease liabilities arising from obtaining right-of-use assets | 1 | 1 | 929,000 | |
| Acquisition Replacement Awards For Pre Combination Service | 2 | 0 | 0 | |
| Income taxes paid during the year | 115,000 | 314,000 | 136,000 |