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Nano Dimension (NNDM)
NASDAQ:NNDM
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Nano Dimension (NNDM) AI Stock Analysis

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NNDM

Nano Dimension

(NASDAQ:NNDM)

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Neutral 50 (OpenAI - 4o)
Rating:50Neutral
Price Target:
$2.00
▲(13.64% Upside)
The overall stock score of 50 reflects a mixed outlook. Financial performance is constrained by profitability and cash flow issues, despite revenue growth. Technical analysis indicates positive momentum, but valuation metrics are weak due to negative earnings. The earnings call provided a balanced view with both positive growth drivers and significant challenges.
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 (NNDM) vs. SPDR S&P 500 ETF (SPY)

Nano Dimension Business Overview & Revenue Model

Company DescriptionNano Dimension (NNDM) is a pioneering technology company focused on developing advanced additive manufacturing systems and 3D printing solutions for the electronics industry. The company specializes in creating high-precision 3D printers capable of producing multilayer printed circuit boards (PCBs) and other electronic components. Its core products include the DragonFly system, which enables rapid prototyping and production of complex electronic devices, catering to sectors such as aerospace, automotive, and telecommunications.
How the Company Makes MoneyNano 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 Earnings Call Summary

Earnings Call Date:Sep 17, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative aspects. While there was significant revenue growth driven by the Markforged acquisition and strategic partnerships, challenges such as the Desktop Metal bankruptcy and declines in revenue excluding Markforged indicate ongoing hurdles. The company's strong financial position provides strategic flexibility, but macroeconomic headwinds and increased operating expenses remain concerns.
Q2-2025 Updates
Positive Updates
Strong Revenue Growth
Revenue for the quarter was $25.8 million, representing a year-over-year growth of approximately 72% compared to $15 million in the second quarter of 2024.
Successful Acquisition Integration
The integration of Markforged is progressing as planned, contributing $16.1 million in revenue and aligning operations to identify synergies.
Strategic Partnerships and Orders
Completed a critical defense order valued at approximately $3 million and expanding partnership with Nestle to use Markforged systems across multiple U.K. sites.
Strong Financial Position
Total cash, cash equivalents, and investable securities stood at $551 million at the quarter end, providing flexibility to pursue strategic options.
Negative Updates
Desktop Metal Bankruptcy
Following a comprehensive review, Desktop Metal filed for Chapter 11 bankruptcy protection, resulting in a noncash impairment of $139.4 million and a loss from its operation of $30.4 million during the quarter.
Revenue Decline Excluding Markforged
Excluding Markforged, revenue was $9.7 million for the quarter, down 35% year-over-year, reflecting strategic divestitures and macroeconomic headwinds.
Decreased Gross Margin
Gross margin decreased to 44.7% from 46.1% in the prior year, driven by lower revenue volumes and product mix, with GAAP gross margin further dropping to 27.3% due to the amortization of the fair value step-up of acquired Markforged inventory.
Increased Operating Expenses
Operating expenses for the quarter were $28.2 million, higher than the prior year due to combined operations with Markforged, leading to an adjusted EBITDA loss of $16.7 million.
Company Guidance
During the Nano Dimension Second Quarter 2025 Financial Results Conference Call held on September 17, 2025, the company provided guidance highlighting several key metrics. The revenue for the quarter was reported at $25.8 million, reflecting a year-over-year growth of approximately 72% from $15 million in the second quarter of 2024. Markforged's acquisition contributed $16.1 million to this revenue, while excluding Markforged, the revenue stood at $9.7 million, marking a 35% year-over-year decline due to strategic divestitures and macroeconomic challenges. The gross margin was 44.7%, a decrease from the previous year's 46.1%, attributed to lower revenue volumes and product mix changes. GAAP gross margin further decreased to 27.3% due to the amortization of fair value adjustments from the Markforged acquisition. Operating expenses rose to $28.2 million with the inclusion of Markforged, although Nano Dimension's standalone operating expenses decreased by over 24% year-over-year. The company reported an adjusted EBITDA loss of $16.7 million, compared to a $14.6 million loss last year, primarily due to the inclusion of Markforged. The balance sheet remains robust with total cash, cash equivalents, and investable securities at $551 million as of quarter end, excluding amounts related to Desktop Metal.

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
30
Negative
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
45
Neutral
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
35
Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue81.69M57.77M56.31M43.63M10.49M3.40M
Gross Profit25.95M25.00M25.46M14.05M1.12M1.06M
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 Assets691.94M901.89M1.06B1.20B1.39B689.26M
Cash, Cash Equivalents and Short-Term Investments513.83M757.96M851.54M1.03B1.29B670.93M
Total Debt34.14M10.79M13.81M17.96M5.42M2.62M
Total Liabilities89.13M43.18M48.55M53.17M45.72M22.14M
Stockholders Equity602.81M857.99M1.01B1.15B1.34B667.12M
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 Flow182.03M140.05M-166.60M-67.67M-496.68M-86.76M
Financing Cash Flow3.70M-74.45M-105.41M-5.27M804.18M677.73M

Nano Dimension Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.76
Price Trends
50DMA
1.65
Positive
100DMA
1.54
Positive
200DMA
1.63
Positive
Market Momentum
MACD
0.02
Negative
RSI
59.66
Neutral
STOCH
91.80
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 1.76 is above the 20-day moving average (MA) of 1.60, above the 50-day MA of 1.65, and above the 200-day MA of 1.63, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 59.66 is Neutral, neither overbought nor oversold. The STOCH value of 91.80 is Negative, 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 (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
54
Neutral
$149.30M-24.26%14.33%36.97%
50
Neutral
$345.01M-1.49-10.03%42.17%-215.37%
49
Neutral
$811.26M-15.13%-2.93%-22.55%
48
Neutral
$567.30M-62.67%83.38%50.44%
44
Neutral
$107.71M-9.11%-61.28%
40
Neutral
$257.48M-18.877.15%-11.78%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NNDM
Nano Dimension
1.76
-0.48
-21.43%
DDD
3D Systems
2.00
-0.79
-28.32%
QMCO
Quantum
7.54
-4.95
-39.63%
SSYS
Stratasys
8.63
-0.93
-9.73%
OSS
One Stop Systems
5.92
3.50
144.63%
CAN
Canaan
0.95
-1.13
-54.33%

Nano Dimension Corporate Events

Nano Dimension Highlights Strategic Progress Ahead of AGM
Nov 20, 2025

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.

Nano Dimension Reports Q3 2025 Financial Results and Strategic Initiatives
Nov 19, 2025

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.

Nano Dimension’s Strategic Shift and Upcoming Shareholder Meeting
Oct 30, 2025

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
Oct 21, 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
Oct 21, 2025

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
Oct 1, 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
Sep 17, 2025

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
Sep 9, 2025

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.

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: Nov 30, 2025