Nano Dimension (NNDM) has released an update.
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Nano Dimension reports a record-breaking Q2/2024 with quarterly revenue reaching $15.0 million, marking a 2% increase from Q2/2023, and gross margins improving to 45.4%. The company also significantly reduced its net cash burn by 69% to $18 million in the first half of 2024 and announced a definitive agreement to acquire Desktop Metal, positioning itself as a leader in additive manufacturing.
For further insights into NNDM stock, check out TipRanks’ Stock Analysis page.