Nano Dimension (NNDM) has released an update.
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Nano Dimension has reported a significant improvement in their Q1/2024 financial results, including a gross margin increase to 46.2% from 43.9% in the previous year and an adjusted gross margin rise to 49.8%. Additionally, the company has successfully reduced its net cash burn by 75%, down to $7 million, and decreased outstanding shares by 15% over the last 15 months, signaling a robust path to profitability and efficient capital management.
For further insights into NNDM stock, check out TipRanks’ Stock Analysis page.