Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, announced today that it closed a series of landmark sales of Additive Manufacturing printers and Additive Electronics robotics systems in Q2/2023 which are material in size and customers’ profiles that are leading and large-scale businesses and organizations.
These sales are only a portion of the Company’s $14.8 million in sales for the quarter (preliminarily results were announced last week), but they are material due to both the financial terms and perhaps more importantly to the profile of the customers which we look forward to continuing to support in the future. The initial sales totaling over $4 million in revenue and include some recurring revenues are to businesses and organizations that are leaders in their respective fields. While the names of the customers cannot be shared as they are defense related and/or focus on IP sensitive work, a partial list of the organizations includes: a space exploration company, a satellite equipment innovator, a national defense agency, a nuclear research group, and a computer manufacturer.
The portfolio of products sold are from across Nano Dimension’s product lines with a notable portion being the DragonFly® IV System for Additively Manufactured Electronics (“AME”) and a range of Additive Electronics robotics systems. These products are leveraged for a range of uses from innovation and prototyping to high-mix, low-volume production.
Yoav Stern, Chairman and Chief Executive Officer of Nano Dimension, added, “We are proud of our progress with sales not only increasing by revenue and gross margin metrics – quarter-over-quarter, year-over-year – but we are also seeing that the profile of customers who choose to do business with us is advancing up to the higher levels. These customers are leaders in performing some of the most demanding, forward-looking work that will keep us safe and define our future, or both. These are only a portion of our revenue, but a great indicator of our success – and an encouraging indication for the future.”
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