Nano Dimension (NNDM) AI Stock Analysis

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Nano Dimension

(NASDAQ:NNDM)

Rating:54Neutral

Price Target:

$1.50

▼(-7.41%Downside)

Nano Dimension's overall stock score is driven by its mixed financial performance and strategic initiatives outlined in the earnings call. The company has potential due to strong cash reserves and revenue growth, but struggles with profitability and valuation metrics. Technical analysis and valuation further constrain the score, reflecting challenges in achieving sustainable financial health.

Nano Dimension (NNDM) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$356.34M

Dividend YieldN/A

Average Volume (3M)1.47M

Price to Earnings (P/E)―

Beta (1Y)1.07

Revenue Growth7.35%

EPS Growth16.59%

CountryUS

Employees519

SectorTechnology

Sector Strength88

IndustryComputer Hardware

Share Statistics

EPS (TTM)-0.11

Shares Outstanding217,283,480

10 Day Avg. Volume2,086,724

30 Day Avg. Volume1,465,483

Financial Highlights & Ratios

PEG Ratio-0.26

Price to Book (P/B)0.52

Price to Sales (P/S)0.00

P/FCF Ratio-5.84

Enterprise Value/Market Cap1.24

Enterprise Value/Revenue1.97

Enterprise Value/Gross Profit17.70

Enterprise Value/Ebitda-2.19

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

Nano Dimension Business Overview & Revenue Model

Company DescriptionNano Dimension (NNDM) is a technology company specializing in the development of advanced 3D printing technologies and additive manufacturing solutions. The company is primarily focused on providing cutting-edge electronics and nanotechnology products, including 3D printed electronics, high-performance electronic devices, and software solutions for electronics design and manufacturing. Nano Dimension's core offerings include its DragonFly system, a precision additive manufacturing system for electronics, as well as related materials and software.

How the Company Makes MoneyNano Dimension makes money through the sale of its advanced 3D printing systems, notably the DragonFly series, which are designed for the production of high-performance electronic components. The company generates revenue from the sale of these systems to industries such as aerospace, defense, automotive, and consumer electronics, where rapid prototyping and production of complex electronics are in demand. Additionally, Nano Dimension earns income from the sale of proprietary conductive and dielectric materials used in its printers. The company also provides software solutions for electronics design, which contribute to its revenue streams. Significant partnerships with key players in various sectors enhance its market reach and sales opportunities, further supporting its revenue model.

Nano Dimension Earnings Call Summary

Earnings Call Date:Jun 12, 2025

(Q4-2024)

% Change Since: 3.85%|

Next Earnings Date:Aug 14, 2025

Earnings Call Sentiment Neutral

The earnings call reflects a focused approach on cost reduction and revenue growth, with significant challenges in managing acquired liabilities from Desktop Metal and discontinued non-core businesses. While financial discipline and strategic focus are evident, challenges with acquisitions and profitability remain.

Q4-2024 Updates

Positive Updates

Revenue Growth

Revenue reached $57.8 million, up 2.6% year-over-year, and preliminary Q1 2025 revenue was $14.4 million, which is 8% higher than Q1 2023.

Cost Reduction Achievements

Reduced OpEx by over $20 million in annual savings from the organic Nano business and increased revenue per employee by 52% from $147,000 to $223,000.

Cash Position

Finished the year with $845 million in cash, cash equivalents, and marketable securities, maintaining a strong capital base.

Focus on High-Performance Parts

Exited non-core products to focus on high-value, high-performance components with significant growth potential.

Negative Updates

Adjusted EBITDA and Cash Burn

Adjusted EBITDA loss was $65.2 million, though it improved by 35%. Net cash burn declined by a factor of 3.6%, excluding the impact of the buyback.

Challenges with Desktop Metal Acquisition

Desktop Metal has limited liquidity and significant liabilities, including $115 million in outstanding convertible notes, incurred prior to acquisition. Desktop Metal needs to repurchase notes by June 11, 2025, for the principal amount plus accrued interest, but lacks liquidity or financing commitments.

Discontinued Businesses

Exited Admatec, DeepCube, Fabrica, and Formatec, with no divestment opportunities found, highlighting challenges in managing non-core aspects.

Company Guidance

In the call, Nano Dimension provided guidance on several key metrics and strategic initiatives for 2024 and beyond. The company reported a revenue of $57.8 million for 2024, marking a 2.6% year-over-year increase. They achieved a 35% improvement in adjusted EBITDA loss, reducing it to $65.2 million, and significantly decreased net cash burn by a factor of 3.6%, excluding buyback impacts. The company ended the year with $845 million in cash, cash equivalents, and marketable securities. Preliminary Q1 2025 results showed an 8% revenue increase from Q1 2023, reaching $14.4 million, and cash equivalents of $840 million as of March 31, 2025. The company emphasized their strategic focus on customer-driven services, innovation, and financial discipline, leading to a $20 million reduction in annual operating expenses. They also highlighted ongoing strategic reviews and potential synergies from recent acquisitions, aiming to balance growth with profitability while maintaining a strong capital base.

Nano Dimension Financial Statement Overview

Summary

Nano Dimension shows solid revenue growth and a strong equity base, indicating financial stability. However, the company is struggling with profitability and cash flow management. The significant cash reserves provide a buffer, yet persistent negative earnings highlight the need for strategic improvements to achieve financial sustainability.

Income Statement

Neutral

Nano Dimension has shown positive revenue growth over the years, with a 2.6% increase from 2023 to 2024. However, the company is struggling with profitability, indicated by persistent negative net income and EBIT. The gross profit margin is relatively healthy at 43.3% for 2024, but the net profit margin remains deeply negative, suggesting significant operational challenges.

Balance Sheet

Positive

The balance sheet reveals a strong equity position with a high equity ratio of 95.1% in 2024, indicating low financial leverage. The debt-to-equity ratio is notably low at 0.01, signaling minimal reliance on debt. However, the substantial cash reserves compared to total assets suggest a conservative approach, potentially limiting growth prospects.

Cash Flow

Neutral

Cash flow analysis indicates some improvement, with a reduction in negative free cash flow from 2023 to 2024. However, both operating and free cash flows are still negative, reflecting ongoing operational inefficiencies. The operating cash flow to net income ratio is slightly over 0.59, indicating that cash flow from operations is insufficient to cover net losses.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	57.77M	56.31M	43.63M	10.49M	3.40M
Gross Profit	25.00M	25.46M	14.05M	1.12M	1.06M
EBITDA	-89.29M	-48.58M	-219.56M	-195.69M	-45.45M
Net Income	-95.89M	-54.55M	-227.42M	-200.78M	-48.49M
Balance Sheet
Total Assets	901.89M	1.06B	1.20B	1.39B	689.26M
Cash, Cash Equivalents and Short-Term Investments	757.96M	851.54M	1.03B	1.29B	670.93M
Total Debt	10.79M	13.81M	17.96M	3.34M	2.62M
Total Liabilities	43.18M	48.55M	53.17M	45.72M	22.14M
Stockholders Equity	857.99M	1.01B	1.15B	1.34B	667.12M
Cash Flow
Free Cash Flow	-59.92M	-115.69M	-101.44M	-468.36M	-11.01M
Operating Cash Flow	-57.01M	-105.07M	-92.05M	-42.58M	-9.65M
Investing Cash Flow	140.05M	-166.60M	-67.67M	-496.68M	-86.76M
Financing Cash Flow	-74.45M	-105.41M	-5.27M	804.18M	677.73M

Nano Dimension Technical Analysis

Technical Analysis Sentiment

Positive

Last Price1.62

Price Trends

50DMA

1.55

Positive

100DMA

1.78

Negative

200DMA

2.05

Negative

Market Momentum

MACD

>-0.01

Negative

RSI

54.34

Neutral

STOCH

76.19

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNDM, the sentiment is Positive. The current price of 1.62 is above the 20-day moving average (MA) of 1.49, above the 50-day MA of 1.55, and below the 200-day MA of 2.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.34 is Neutral, neither overbought nor oversold. The STOCH value of 76.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NNDM.

Nano Dimension Risk Analysis

Nano Dimension disclosed 47 risk factors in its most recent earnings report. Nano Dimension reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Nano Dimension Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$33.22B	5.73	-11.55%	1.90%	5.54%	-20.14%
SSYS	56 Neutral	$941.26M	―	-13.00%	―	-9.29%	17.86%
NNDM	54 Neutral	$356.34M	―	-9.62%	―	7.35%	16.59%
SCKT	49 Neutral	$9.03M	―	-14.72%	―	0.29%	-52.27%
CAN	48 Neutral	$182.91M	―	-90.43%	―	65.68%	50.28%
DDD	45 Neutral	$207.35M	―	-99.85%	―	-8.09%	22.06%

* Technology Sector Average

Performance Comparison

NNDM

Nano Dimension

1.56

-0.96

-38.10%

DDD

3D Systems

1.56

-1.46

-48.34%

SCKT

Socket Mobile

1.14

0.04

3.64%

SSYS

Stratasys

11.35

2.75

31.98%

CAN

Canaan

0.60

-0.41

-40.59%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 28, 2025