Nano Dimension (NNDM) AI Stock Analysis

• Market Cap: $374.21M
• Dividend Yield: N/A
• Average Volume (3M): 4.02M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: 42.17%
• EPS Growth: -215.37%
• Country: US
• Employees: 519
• Sector: Technology
• Sector Strength: 88
• Industry: Computer Hardware
• EPS (TTM): -0.25
• Shares Outstanding: 217,283,480
• 10 Day Avg. Volume: 5,626,717
• 30 Day Avg. Volume: 4,018,734
• PEG Ratio: -0.06
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 9.37
• P/FCF Ratio: -9.04
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $1.50 ▼(-10.71% Downside)

The score is held down primarily by severe unprofitability and ongoing cash burn despite revenue growth, with valuation also constrained by negative earnings. Technicals provide only modest support, showing a mildly positive longer-term trend but neutral momentum.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market presence and product adoption, driven by strategic acquisitions and partnerships.

Strong Financial Position

A robust cash position provides strategic flexibility to pursue growth opportunities and withstand economic challenges.

Strategic Partnerships

Strategic partnerships enhance market reach and validate the company's technology, supporting long-term growth prospects.

Negative Factors

Profitability Challenges

Persistent profitability issues highlight operational inefficiencies, which could hinder long-term financial health and investor confidence.

Increased Operating Expenses

Rising operating expenses can strain margins and cash flow, limiting the company's ability to invest in growth and innovation.

Revenue Decline Excluding Acquisitions

Declining organic revenue suggests reliance on acquisitions for growth, which may not be sustainable long-term.

Nano Dimension Business Overview & Revenue Model

Company Description

Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. The company's flagship product is DragonFly IV system that serves cross-industry High-Performance-Electronic-Devices' fabrication needs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components. It also provides nanotechnology based conductive and dielectric inks; and FLIGHT software platform that enables the 3D design of electrical and mechanical features. The company markets and sells products and services to companies that develop products with electronic components, including companies in the defense, automotive, consumer electronics, semiconductor, aerospace, and medical industries, as well as research institutes. Nano Dimension Ltd. was founded in 2012 and is headquartered in Ness Ziona, Israel.

How the Company Makes Money

Nano Dimension generates revenue primarily through the sale of its 3D printing systems, including the DragonFly series, and the associated materials required for the printing processes. The company also earns income from software solutions that enhance the design and manufacturing capabilities of its customers. Additionally, Nano Dimension engages in strategic partnerships and collaborations with various industry players, which can lead to joint ventures and additional sales opportunities. The company focuses on expanding its market presence and customer base through innovative technology offerings and by leveraging the growing demand for advanced manufacturing solutions in the electronics sector.

Nano Dimension Financial Statement Overview

Summary

Nano Dimension is experiencing revenue growth, but profitability and cash flow remain significant challenges. The company maintains a strong equity base with low leverage, but negative returns on equity and persistent losses highlight operational inefficiencies. While there are positive signs in revenue and free cash flow growth, the overall financial health is constrained by profitability and cash flow issues.

Income Statement

Nano Dimension's income statement shows a consistent increase in revenue, with a TTM revenue growth rate of 18.56%. However, the company is struggling with profitability, as indicated by negative net profit margins and EBIT margins. The gross profit margin has decreased from 43.26% in 2024 to 35.83% in the TTM period, suggesting rising costs or pricing pressures. Overall, while revenue is growing, the company faces significant challenges in achieving profitability.

Balance Sheet

The balance sheet reflects a strong equity position with a low debt-to-equity ratio of 0.0549 in the TTM period, indicating low leverage. However, the return on equity is negative, at -27.60%, highlighting inefficiencies in generating returns from equity. The equity ratio remains stable, suggesting a solid capital structure, but the negative ROE is a concern for long-term value creation.

Cash Flow

Cash flow analysis reveals challenges in cash generation, with negative operating and free cash flows. The free cash flow growth rate is positive at 55.30% in the TTM period, but the operating cash flow to net income ratio is negative, indicating cash flow issues relative to earnings. The free cash flow to net income ratio is slightly above 1, suggesting that free cash flow is covering net losses, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	81.69M	57.77M	56.31M	43.63M	10.49M	3.40M
Gross Profit	25.95M	25.00M	25.46M	14.05M	1.12M	1.06M
EBITDA	-92.33M	-89.29M	-48.58M	-219.56M	-198.18M	-45.45M
Net Income	-266.62M	-95.89M	-54.55M	-227.42M	-200.78M	-48.49M
Balance Sheet
Total Assets	691.94M	901.89M	1.06B	1.20B	1.39B	689.26M
Cash, Cash Equivalents and Short-Term Investments	513.83M	757.96M	851.54M	1.03B	1.29B	670.93M
Total Debt	34.14M	10.79M	13.81M	17.96M	5.42M	2.62M
Total Liabilities	89.13M	43.18M	48.55M	53.17M	45.72M	22.14M
Stockholders Equity	602.81M	857.99M	1.01B	1.15B	1.34B	667.12M
Cash Flow
Free Cash Flow	-87.89M	-59.92M	-115.69M	-101.44M	-468.36M	-11.01M
Operating Cash Flow	-78.74M	-57.01M	-105.07M	-92.05M	-42.58M	-9.65M
Investing Cash Flow	182.03M	140.05M	-166.60M	-67.67M	-496.68M	-86.76M
Financing Cash Flow	3.70M	-74.45M	-105.41M	-5.27M	804.18M	677.73M

Nano Dimension Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1.68 is above the 20-day moving average (MA) of 1.68, above the 50-day MA of 1.68, and above the 200-day MA of 1.57, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.58 is Neutral, neither overbought nor oversold. The STOCH value of 82.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NNDM.

Nano Dimension Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
OSS	60 Neutral	$265.99M	-32.86	-24.26%	―	14.33%	36.97%
SSYS	51 Neutral	$988.13M	-6.90	-15.13%	―	-2.93%	-22.55%
NNDM	48 Neutral	$374.21M	-1.41	-10.03%	―	42.17%	-215.37%
DDD	48 Neutral	$339.87M	-26.04	7.15%	―	-11.78%	―
CAN	48 Neutral	$460.64M	-1.17	-62.67%	―	83.38%	50.44%
QMCO	44 Neutral	$108.54M	-0.37	―	―	-9.11%	-61.28%

Nano Dimension Corporate Events

Nano Dimension Approves Key Proposals at Annual Shareholder Meeting

On December 4, 2025, Nano Dimension Ltd. held its Annual General Meeting of Shareholders, where all proposals were approved. Key decisions included the re-appointment of KPMG LLP as the independent auditor, re-election of board members, approval of director compensation, and extension of the Employee Stock Option Plan. These approvals are expected to strengthen the company’s governance and operational strategies, enhancing its industry positioning and stakeholder confidence.

The most recent analyst rating on (NNDM) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Nano Dimension stock, see the NNDM Stock Forecast page.

Nano Dimension Highlights Strategic Progress Ahead of AGM

On November 20, 2025, Nano Dimension Ltd. issued a shareholder letter highlighting key developments ahead of its Annual General Meeting on December 4, 2025. The company reported significant progress in its third quarter 2025 results, including cost reductions, share repurchases, and issuing financial guidance for the fourth quarter. These initiatives aim to enhance operational efficiency and shareholder value. The company emphasized the importance of shareholder votes to ensure continuity in leadership and governance, which are crucial for maintaining momentum in its strategic and operational improvements.

The most recent analyst rating on (NNDM) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Nano Dimension stock, see the NNDM Stock Forecast page.

Nano Dimension Reports Q3 2025 Financial Results and Strategic Initiatives

On November 19, 2025, Nano Dimension Ltd. announced its financial results for the third quarter of 2025, highlighting a significant revenue increase to $26.9 million, largely due to the acquisition of Markforged Holding Corporation. Despite this growth, the company reported a net loss of $29.5 million from continuing operations, attributed to integration costs and restructuring expenses. The company is actively pursuing cost reduction initiatives and has repurchased over 10 million shares, signaling confidence in its undervalued stock. Additionally, Nano Dimension has issued financial guidance for the fourth quarter of 2025, projecting revenue between $31.5 million and $33.5 million, as it continues to focus on operational improvements and strategic evaluations with the support of Guggenheim Securities and Houlihan Lokey.

The most recent analyst rating on (NNDM) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Nano Dimension stock, see the NNDM Stock Forecast page.

Nano Dimension’s Strategic Shift and Upcoming Shareholder Meeting

On October 30, 2025, Nano Dimension Ltd. issued a shareholder letter discussing significant changes and strategic directions for the company. The letter highlighted the company’s transition from M&A integration to scaling technology platforms globally, with a strong balance sheet reflecting over $520 million in liquidity. The leadership team, including new CEO David Stehlin, is focused on unlocking the company’s potential through fiscal discipline and targeted growth. The letter also addressed the upcoming Annual General Meeting on December 4, 2025, where shareholders are encouraged to vote on board proposals aimed at maximizing shareholder value.

The most recent analyst rating on (NNDM) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Nano Dimension stock, see the NNDM Stock Forecast page.

Nano Dimension Announces CFO Transition Effective November 2025

On October 21, 2025, Nano Dimension Ltd. announced a transition in its Chief Financial Officer position. Assaf Zipori will step down effective November 1, 2025, and will be succeeded by John Brenton, the current Vice President of Global Finance and Corporate Controller. Brenton, who has over 30 years of experience in finance and previously worked at Markforged, will work closely with Zipori to ensure a smooth transition. This leadership change is expected to support Nano Dimension’s strategic goals and enhance shareholder value.

The most recent analyst rating on (NNDM) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Nano Dimension stock, see the NNDM Stock Forecast page.

Nano Dimension Announces 2025 AGM Details

On October 21, 2025, Nano Dimension Ltd. announced its 2025 Annual General Meeting of Shareholders, scheduled for December 4, 2025. The meeting will address several key proposals, including the re-appointment of KPMG LLP as the independent auditor, re-election of directors, board compensation, and amendments to the company’s indemnification agreement. Shareholders of record as of October 14, 2025, are entitled to vote, with the voting cut-off set for November 26, 2025. The meeting will also feature a presentation of the company’s audited financial statements for the year ended December 31, 2024.

The most recent analyst rating on (NNDM) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Nano Dimension stock, see the NNDM Stock Forecast page.