Nano Dimension (NNDM) AI Stock Analysis

• Market Cap: $347.20M
• Dividend Yield: N/A
• Average Volume (3M): 2.13M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.91
• Revenue Growth: 27.39%
• EPS Growth: -64.74%
• Country: US
• Employees: 519
• Sector: Technology
• Sector Strength: 88
• Industry: Computer Hardware
• EPS (TTM): -0.85
• Shares Outstanding: 217,283,480
• 10 Day Avg. Volume: 3,491,952
• 30 Day Avg. Volume: 2,133,508
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: -0.14
• Enterprise Value/Revenue: -0.84
• Enterprise Value/Gross Profit: -1.93
• Enterprise Value/Ebitda: 0.55
• 1Y Price Target: $1.50
• Price Target Upside: -5.66% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: $1.50 ▼(-5.66% Downside)

Nano Dimension's overall stock score is primarily influenced by its mixed financial performance, with strong revenue growth and equity position offset by profitability and cash flow challenges. Technical analysis shows moderate bullish momentum, but valuation concerns due to negative earnings weigh heavily on the score.

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 through the sale of its 3D printing systems, materials, and support services. The primary revenue stream comes from the sales of the DragonFly 3D printers, which are marketed to various sectors requiring advanced electronic manufacturing capabilities. Additionally, the company earns income from proprietary inks and materials necessary for the printing process, as well as from post-sale services, including training and technical support. Significant partnerships with industry leaders and collaborations with research institutions further enhance its market reach and contribute to its earnings by expanding its customer base and driving demand for its products.

Nano Dimension Financial Statement Overview

Summary

Nano Dimension shows solid revenue growth and a strong equity base, but faces challenges with operational profitability and cash flow management. Significant cash reserves provide a buffer, yet persistent negative earnings signal a need for strategic improvements.

Income Statement

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

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

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 Price: 1.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 1.59 is above the 20-day moving average (MA) of 1.45, above the 50-day MA of 1.43, and below the 200-day MA of 1.80, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 63.79 is Neutral, neither overbought nor oversold. The STOCH value of 87.89 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
SSYS	59 Neutral	988.13M	-8.65	-15.17%	―	-6.00%	17.87%
NNDM	54 Neutral	$347.20M	―	-6.85%	―	27.39%	-64.74%
DDD	51 Neutral	398.87M	-2.37	-60.06%	―	-9.11%	58.95%
CAN	50 Neutral	372.48M	-0.89	-93.80%	―	82.61%	42.42%
SCKT	44 Neutral	8.12M	-2.77	-12.35%	―	-5.39%	-54.90%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Nano Dimension Corporate Events

Nano Dimension Initiates Strategic Review and Leadership Change

On September 9, 2025, Nano Dimension Ltd. announced a strategic review process to explore alternatives for maximizing shareholder value, with the assistance of financial advisors Guggenheim Partners and Houlihan Lokey. Additionally, the company underwent an executive leadership change, appointing David S. Stehlin as the new CEO, replacing Ofir Baharav. Stehlin, with over 40 years of technology leadership experience, aims to guide the company through its challenging period by focusing on fiscal responsibility and targeted growth opportunities.

Nano Dimension Appoints KPMG LLP as New Auditor Amid U.S. Office Relocation

Nano Dimension Ltd. announced on August 26, 2025, the appointment of KPMG LLP as its new independent registered public accounting firm, effective August 19, 2025, following the relocation of its principal executive offices to the U.S. This change, approved by the company’s audit committee, replaces Somekh Chaikin, a member firm of KPMG International, without any disagreements or reportable events in previous audits. The transition reflects a strategic move in the company’s operational framework, potentially enhancing its financial oversight and compliance in the U.S. market.

Nano Dimension Transitions to U.S. GAAP Accounting Standards

On August 19, 2025, Nano Dimension Ltd. announced a significant change in its accounting practices, transitioning from International Financial Reporting Standards (IFRS) to U.S. Generally Accepted Accounting Principles (GAAP) effective January 1, 2025. This shift led to the re-issuance of its consolidated financial statements for the year ending December 31, 2024, aligning them with U.S. GAAP. This strategic move is likely to enhance the company’s financial transparency and comparability with U.S.-based peers, potentially impacting its market positioning and stakeholder confidence.

Nano Dimension’s Subsidiary Desktop Metal Files for Bankruptcy

On July 28, 2025, Nano Dimension announced that its subsidiary, Desktop Metal, Inc., has filed for bankruptcy protection under Chapter 11. This decision was made by Desktop Metal’s independent Board of Directors to address significant liabilities and liquidity needs resulting from previous management decisions. Nano Dimension’s CEO, Ofir Baharav, emphasized the company’s strong financial position and its strategy to pursue opportunities from a position of strength, reassuring shareholders of their commitment to maintaining financial stability.