Nano Dimension Q2 revenue up 72%
Overview
Nano Dimension Q2 revenue rises 72.4% yr/yr to $25.8 mln
Net loss from continuing operations improves to $11.4 mln yr/yr
Desktop Metal bankruptcy impacts financial results
Result Drivers
MARKFORGED ACQUISITION - Revenue boost largely attributed to Markforged acquisition, contributing $16.1 mln in revenue
GROSS MARGIN DECLINE - Gross margin fell to 27.3% from 44.7% yr/yr, indicating increased costs or pricing pressures
DESKTOP METAL IMPACT - Desktop Metal acquisition led to significant impairment and operational losses, impacting net loss
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $25.84 mln |
|
Q2 Net Income |
| -$181.12 mln |
|
Q2 Gross Profit |
| $7.04 mln |
|
Q2 Operating Income |
| -$39.97 mln |
|
Q2 Pretax Profit |
| -$11.29 mln |
|
Press Release: ID:nGNXbMKHG5
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