Nano Dimension generated revenues of $10.5 million in Q1 2022
That's a 1,195% increase over Q1 2021, mainly due to acquisitions
Nano Dimension Ltd. (Nasdaq: NNDM), an industry leader in Additively Manufactured Electronics (AME), Printed Electronics (PE), and Micro Additive Manufacturing (Micro-AM), revealed that the company generated revenues of $10.5 million in Q1 2022 (the quarter ended March 31, 2022), with a significant increase both over the previous quarter (Q4 2021) and the corresponding quarter (Q1 2021).
On a preliminary basis, Nano Dimension’s reported unaudited approximate consolidated revenues for the first quarter ended March 31st, 2022, represent a 39% increase over the fourth quarter ended December 31st, 2021, and a 1,195% increase over the first quarter ended March 31st, 2021. Consolidated cash and deposits balances as of the same date were approximately $1,311,000,000.
Nano Dimension will release its full financial results for the first quarter ended March 31st, 2022, before the Nasdaq market opens on Tuesday, May 31st, 2022. The above information reflects preliminary estimates with respect to certain results of Nano Dimension for the first quarter ended March 31st, 2022, based on currently available information. The final first-quarter results may vary from the preliminary estimates.
Yoav Stern, Chairman and Chief Executive Officer of Nano Dimension, commented: “If we use Q1/2022 revenue expectations as an indication for full-year 2022, our 2022 annual revenue is on a pace to grow approximately 300% over 2021 revenue. If this occurs, the Company will grow its revenue over 12 times from 2020 to 2022. This growth rate is higher than what we have expected in January 2022, which was estimated to be 200%. All these assumptions are of course subject to no critical changes in the world economy and our relevant target markets, resulting from current international affairs and/or other factors.”
