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Nano Dimension (NNDM)
NASDAQ:NNDM
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Nano Dimension
(NASDAQ:NNDM)
Rating:48Neutral
Price Target:
$1.50
▲(12.78% Upside)
Nano Dimension (NNDM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$288.99M
Dividend YieldN/A
Average Volume (3M)2.36M
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth7.35%
EPS Growth16.59%
CountryUS
Employees519
SectorTechnology
Sector Strength98
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.11
Shares Outstanding217,283,480
10 Day Avg. Volume2,096,000
30 Day Avg. Volume2,363,313
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap-0.73
Enterprise Value/Revenue-3.65
Enterprise Value/Gross Profit-8.43
Enterprise Value/Ebitda2.39
Forecast
1Y Price Target
$1.50Price Target Upside12.78% Upside
Rating ConsensusHold
Number of Analyst Covering1
Nano Dimension Business Overview & Revenue Model
Company DescriptionNano 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 MoneyNano 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 Earnings Call Summary
Earnings Call Date:Jun 12, 2025
(Q4-2024)
| % Change Since: -14.74%|
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 positive revenue growth and a strong equity base, but struggles with profitability and cash flow management. The high equity ratio and low debt indicate financial strength, but negative net income and cash flows highlight operational inefficiencies.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.45
Neutral
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.70
Positive
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.55
Neutral
| 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
Negative
1.33
Price Trends
1.49
Negative
1.55
Negative
1.93
Negative
Market Momentum
-0.05
Positive
31.49
Neutral
7.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNDM, the sentiment is Negative. The current price of 1.33 is below the 20-day moving average (MA) of 1.44, below the 50-day MA of 1.49, and below the 200-day MA of 1.93, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 31.49 is Neutral, neither overbought nor oversold. The STOCH value of 7.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $35.87B | 6.13 | -9.30% | 2.06% | 7.63% | -6.38% | |
58 Neutral | $905.97M | ― | -13.00% | ― | -9.29% | 17.86% | |
49 Neutral | $98.34M | ― | -68.97% | ― | -9.27% | 19.30% | |
48 Neutral | $288.99M | ― | -9.62% | ― | 7.35% | 16.59% | |
44 Neutral | $240.09M | ― | -99.85% | ― | -8.09% | 22.06% | |
44 Neutral | $7.50M | ― | -16.13% | ― | -5.39% | -54.90% | |
44 Neutral | $225.45M | ― | -90.43% | ― | 65.68% | 50.28% |
* Technology Sector Average
Performance Comparison
NNDM
Nano Dimension
1.33
-0.73
-35.44%
DDD
3D Systems
1.76
-0.58
-24.79%
SCKT
Socket Mobile
0.96
-0.04
-4.00%
SSYS
Stratasys
10.78
3.69
52.05%
CAN
Canaan
0.73
-0.13
-15.12%
MKFG
Markforged Holding
4.74
2.11
80.23%
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.