Record Third Quarter Revenue
Achieved $15 million in revenue for Q3 2024, marking the best third quarter ever for the company and a 22% increase over the same period last year.
Improved Gross Margin
Gross margin improved to 48%, up from 44% in the previous year. Adjusted gross margin reached 51%, up from 48%.
Significant Reduction in Net Cash Burn
Reduced net cash burn from $16 million last year to $3 million, nearing breakeven.
Strategic Acquisitions
Acquired Desktop Metal and Markforged at less than 1x sales multiple, positioning the company as an industry leader with diverse technology offerings and over 1,000 patents.
Strong Cash Position
Maintained a strong cash position with $470 million, providing flexibility for future growth and profitability.
Organic Growth
Achieved 29% organic growth in the original Nano Dimension business.