Nano Dimension (NNDM) AI Stock Analysis

• Market Cap: $345.01M
• Dividend Yield: N/A
• Average Volume (3M): 4.02M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• 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: 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: -0.14
• Enterprise Value/Revenue: -0.70
• Enterprise Value/Gross Profit: -1.95
• Enterprise Value/Ebitda: 0.49
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $1.50 ▼(-7.98% Downside)

Nano Dimension's overall stock score is primarily impacted by its financial performance challenges, including profitability and cash flow issues. Technical analysis indicates bearish momentum, and valuation metrics are weak due to ongoing losses. The earnings call provided some positive insights into revenue growth from acquisitions, but underlying challenges persist.

Nano Dimension Business Overview & Revenue Model

Company Description

Nano Dimension (NNDM) is an innovative technology company specializing in advanced 3D printing solutions for electronics. The company operates primarily in the additive manufacturing sector, focusing on the production of high-performance printed circuit boards (PCBs) and other electronic components. Nano Dimension's core products include the DragonFly 3D printer, which allows for the rapid prototyping and manufacturing of complex electronic devices, catering to industries such as aerospace, automotive, and medical.

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 revenue growth but struggles with profitability and cash flow. The company has a strong equity base with low leverage, but negative returns on equity and persistent losses highlight operational inefficiencies.

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	69.66M	57.77M	56.31M	43.63M	10.49M	3.40M
Gross Profit	24.96M	25.00M	25.46M	14.05M	1.12M	1.06M
EBITDA	-98.39M	-89.29M	-48.58M	-219.56M	-198.18M	-45.45M
Net Income	-221.96M	-95.89M	-54.55M	-227.42M	-200.78M	-48.49M
Balance Sheet
Total Assets	888.84M	901.89M	1.06B	1.20B	1.39B	689.26M
Cash, Cash Equivalents and Short-Term Investments	438.15M	757.96M	851.54M	1.03B	1.29B	670.93M
Total Debt	36.19M	10.79M	13.81M	17.96M	5.42M	2.62M
Total Liabilities	229.33M	43.18M	48.55M	53.17M	45.72M	22.14M
Stockholders Equity	659.51M	857.99M	1.01B	1.15B	1.34B	667.12M
Cash Flow
Free Cash Flow	-94.14M	-59.92M	-115.69M	-101.44M	-468.36M	-11.01M
Operating Cash Flow	-92.65M	-57.01M	-105.07M	-92.05M	-42.58M	-9.65M
Investing Cash Flow	35.60M	140.05M	-166.60M	-67.67M	-496.68M	-86.76M
Financing Cash Flow	8.12M	-74.45M	-105.41M	-5.27M	804.18M	677.73M

Nano Dimension Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.63 is below the 20-day moving average (MA) of 1.72, above the 50-day MA of 1.60, and below the 200-day MA of 1.69, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.53 is Neutral, neither overbought nor oversold. The STOCH value of 19.91 is Positive, 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	49 Neutral	$127.24M	―	-24.26%	―	14.33%	36.97%
DDD	47 Neutral	$285.80M	-21.42	7.15%	―	-11.78%	―
CAN	47 Neutral	$558.11M	―	-75.92%	―	82.61%	42.42%
SSYS	46 Neutral	$807.85M	―	-11.22%	―	-6.00%	17.87%
NNDM	43 Neutral	$345.01M	-1.49	-6.85%	―	27.39%	-64.74%
QMCO	42 Neutral	$108.95M	―	―	―	-8.07%	-86.20%

Nano Dimension Corporate Events

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.

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.

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.

Nano Dimension Executives Acquire Significant Shares in September 2025

In September 2025, Nano Dimension Ltd. saw significant share acquisitions by its top executives. On September 22, 2025, Robert Pons, Chairman of the Board, purchased 34,700 shares, and on September 23, 2025, CEO David Stehlin acquired 36,000 shares. These transactions, conducted during an approved trading window, reflect a substantial investment in the company, potentially signaling confidence in its strategic direction and market position.

Nano Dimension Reports Q2 2025 Financial Results Amid Strategic Shifts

On September 17, 2025, Nano Dimension Ltd. announced its financial results for the second quarter of 2025, highlighting a 72.4% increase in revenue to $25.8 million compared to the previous year. The company reported a net loss from continuing operations of $11.4 million, a significant improvement from a $44.6 million loss year-over-year. The quarter included the acquisitions of Markforged Holding Corporation and Desktop Metal, with the latter filing for Chapter 11 bankruptcy in July 2025 due to significant liabilities. Despite challenges, the company maintains a strong cash position and is exploring strategic alternatives to maximize shareholder value, under the leadership of newly appointed CEO David S. Stehlin.

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.