Balance Sheet Highlights
| ● | Cash and cash equivalents, together with short and long-term bank deposits totaled $1,311,093,000 as of March 31st, 2022, compared to $1,355,595,000 as of December 31st, 2021. The decrease compared to December 31st, 2021, mainly reflects cash used in operating activities and investing activities. |
| ● | Shareholders’ equity totaled $1,320,520,000 as of March 31st, 2022, compared to $1,343,356,000 as of December 31st, 2021. |
Conference call information
The Company will host a conference call to discuss these financial results today, May 31, 2022, at 9:00 a.m. EDT (4:00 p.m. IDT). U.S. Dial-in Number: 1-866-744-5399, Israel Dial-in Number: 972-3-9180692. Please request the “Nano Dimension NNDM call” when prompted by the conference call operator.
For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at http://investors.nano-di.com/events-and-presentations.
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to transform the
electronics and similar additive manufacturing sectors through the development and delivery of an environmentally friendly and economically efficient additive manufacturing, Industry 4.0 solution, while enabling a
one-production-step-conversion of digital designs into functioning devices – on demand, anytime, anywhere.
The
DragonFly IV® system and specialized materials serve cross-industry
High-
Performance-
Electronic-
Device
s (
Hi-PEDs®) fabrication needs by simultaneously depositing proprietary conductive and dielectric substances, while integrating in-situ capacitors, antennas, coils, transformers, and electromechanical components. The outcomes are
Hi-PEDs® which are critical enablers of autonomous intelligent drones, cars, satellites, smartphones, and in vivo medical devices. In addition, these products enable iterative development, IP safety, fast time-to-market, and device performance gains.
Nano Dimension also develops complementary production equipment for
Hi-PEDs® and printed circuit board (PCB) assembly (
Puma, Fox, Tarantula, Spider etc.). The core competitive edge for this technology is in its adaptive, highly flexible surface-mount technology (SMT) pick-and-place equipment, materials dispenser suitable for both high-speed dispensing and micro-dispensing, as well as an intelligent production material storage and logistics system.
Additionally, Nano Dimension is a leading developer and supplier of high-performance control electronics, software, and ink delivery system. It invents and delivers state-of-the-art 2D and 3D printing hardware and unique operating software. It focuses on high-value, precision-oriented applications such as specialized direct-to-container packaging, printed electronics functional fluids, and 3D printing, which can all be controlled by the proprietary software system -
Atlas.
Serving similar users of
Hi-PEDs®, Nano Dimension’s
Fabrica 2.0 micro additive manufacturing system enables the production of microparts based on a Digital Light Processor (DLP) engine that achieves repeatable micron levels resolution. The Fabrica 2.0 is engineered with a patented array of sensors that allows a closed feedback loop, using proprietary materials to achieve very high accuracy while remaining a cost-effective mass manufacturing solution. It is used in the areas of micron-level resolution of medical devices, micro-optics, semiconductors, micro-electronics, micro-electro-mechanical systems (MEMS), microfluidics, and life sciences instruments.
For more information, please visit www.nano-di.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, Nano Dimension is using forward-looking statements when it discusses its expected revenues for 2022, its vision for the future, including regarding expected growth, profitability, acquisitions, opportunities and contractions of multiples and expected valuations, potential return on investment and the repurchase plan. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Yael Sandler, CFO | ir@nano-di.com
Unaudited Consolidated Statements of Financial Position as at
| March 31st, | December 31st, | |||||||||||
| 2021 | 2022 | 2021(*) | ||||||||||
| (In thousands of USD) | (Unaudited) | (Unaudited) | ||||||||||
| Assets | ||||||||||||
| Cash and cash equivalents | 1,099,057 | 788,141 | 853,626 | |||||||||
| Bank deposits | 296,844 | 459,824 | 437,598 | |||||||||
| Restricted deposits | 61 | 126 | 148 | |||||||||
| Trade receivables | 999 | 6,242 | 3,422 | |||||||||
| Other receivables | 972 | 7,307 | 5,902 | |||||||||
| Inventory | 3,164 | 15,063 | 11,199 | |||||||||
| Total current assets | 1,401,097 | 1,276, 703 | 1,311,895 | |||||||||
| Restricted deposits | 391 | 491 | 501 | |||||||||
| Bank deposits | 75,113 | 63,128 | 64,371 | |||||||||
| Deferred tax | - | 1,005 | 1,007 | |||||||||
| Property plant and equipment, net | 5,422 | 9,844 | 7,690 | |||||||||
| Right of use asset | 4,103 | 15,142 | 4,491 | |||||||||
| Intangible assets | 4,243 | 21,35 8 | - | |||||||||
| Total non-current assets | 89,272 | 110,968 | 78,060 | |||||||||
| Total assets | 1,490,369 | 1,387,671 | 1,389,955 | |||||||||
| Liabilities | ||||||||||||
| Trade payables | 1,654 | 3,785 | 2,833 | |||||||||
| Financial derivatives | - | 19,977 | 14,910 | |||||||||
| Other payables | 5,449 | 19,304 | 13,836 | |||||||||
| Current portion of other long-term liability | - | 416 | 417 | |||||||||
| Total current liabilities | 7,103 | 43 , 482 | 31,996 | |||||||||
| Liability in respect of government grants | 754 | 1,639 | 1,560 | |||||||||
| Employee benefits | - | 4,13 8 | 4,145 | |||||||||
| Liability in respect of warrants | - | 1,760 | 3,347 | |||||||||
| Lease liability | 3,277 | 12,395 | 3,336 | |||||||||
| Deferred tax liabilities | 9,570 | 1,101 | 236 | |||||||||
| Other long-term liabilities | - | 1,849 | 1,104 | |||||||||
| Total non-current liabilities | 13,601 | 22 , 882 | 13,728 | |||||||||
| Total liabilities | 20,704 | 66,364 | 45,724 | |||||||||
| Equity | ||||||||||||
| Non-controlling interests | - | 787 | 875 | |||||||||
| Share capital | 375,594 | 386,723 | 386,665 | |||||||||
| Share premium and capital reserves | 1,211,920 | 1,276,443 | 1,266,027 | |||||||||
| Treasury shares | (1,509 | ) | (1,509 | ) | (1,509 | ) | ||||||
| Presentation currency translation reserve | 1,431 | 1,190 | 1,407 | |||||||||
| Accumulated loss | (117,771 | ) | (342,327 | ) | (309,234 | ) | ||||||
| Equity attributable to owners of the company | - | 1,320 ,520 | 1,343,356 | |||||||||
| Total equity | 1,469,665 | 1,321,307 | 1,344,231 | |||||||||
| Total liabilities and equity | 1,490,369 | 1,387,671 | 1,389,955 | |||||||||
