Nano Dimension Announces Q2/2024 and H1/2024 Results

 
Consolidated Statements of Cash Flows (Unaudited)
(In thousands of USD)
 
  Six Months Ended
June 30,
Three Months Ended
June 30,
Year Ended December 31, 2023
  2023 2024 2023 2024
Cash flow from operating activities:     
Net income (loss)12,553  (79,223 )(9,406) (44,261 )(55,660)
Adjustments:     
Depreciation and amortization2,963  3,431 1,540  1,365 6,544 
Financing income net(17,622) (17,840 )(9,470) (8,042 )(46,281)
Revaluation of financial liabilities accounted at fair value485  33 294  11 461 
Revaluation of financial assets accounted at fair value(57,201) 57,104 (11,925) 31,315 (23,462)
Loss from disposal of property plant and equipment and right-of-use assets345  6 221   326 
Increase in deferred tax (95 )   (92 )   (11 )
Share-based payments 11,542   6,833   5,418   3,373   20,101  
Other 68   74   23   37   164  
  (59,515 ) 49,641   (13,991 ) 28,059   (42,158 )
Changes in assets and liabilities:          
(Increase) decrease in inventory (1,212 ) (1,899 ) (667 ) 388   (340 )
(Increase) decrease in other receivables 669   5,845   1,520   1,256   (5,775 )
(Increase) decrease in trade receivables (6,039 ) 3   (2,331 ) (310 ) (5,603 )
Increase (decrease) in other payables (1,345 ) (3,779 ) (817 ) (1,862 ) 4,856  
Increase (decrease) in employee benefits (399 ) 132   162   81   (1,478 )
Increase (decrease) in trade payables (828 ) (1,410 ) (2,633 ) (1,065 ) 1,089  
           
  (9,154 ) (1,108 ) (4,766 ) (1,512 ) (7,251 )
Net cash used in operating activities (56,116 ) (30,690 ) (28,163 ) (17,714 ) (105,069 )
           
Cash flow from investing activities:          
Change in bank deposits (151,391 ) 5,412   77,106   12,006   (189,060 )
Interest received 17,998   22,715   6,706   5,561   41,529  
Change in restricted bank deposits (34 ) (25 ) 237   (14 ) (27 )
Acquisition of property plant and equipment (7,121 ) (1,169 ) (3,177 ) (393 ) (9,098 )
Acquisition of intangible asset   (711 )     (1,524 )
Payment of a liability for contingent consideration in a business combination (9,255 )   (5,295 )   (9,255 )
Other         835  
Net cash from (used in) investing activities (149,803 ) 26,222   75,577   17,160   (166,600 )
Cash flow from financing activities:          
Lease payments (2,471 ) (2,306 ) (1,251 ) (1,166 ) (4,823 )
Repayment long-term bank debt (96 ) (107 ) (39 ) (34 ) (536 )
Proceeds from non-controlling interests 550     550     1,089  
Amounts recognized in respect of government grants liability (172 ) (101 ) (87 ) (65 ) (298 )
Payments of share price protection recognized in business combination (1,780 ) (363 ) (1,780 )   (4,459 )
Repurchase of treasury shares (19,741 ) (69,755 ) (1,349 ) (18,190 ) (96,387 )
Net cash used in financing activities (23,710 ) (72,632 ) (3,956 ) (19,455 ) (105,414 )
Increase (decrease) in cash and cash equivalents (229,629 ) (77,100 ) 43,458   (20,009 ) (377,083 )
Cash and cash equivalents at beginning of the period 685,362   309,571   412,172   251,858   685,362  
Effect of exchange rate fluctuations on cash (1,178 ) (694 ) (1,075 ) (72 ) 1,292  
Cash and cash equivalents at end of the period 454,555   231,777   454,555   231,777   309,571  
           
Non-cash transactions:          
Intangible asset acquired on credit         711  
Property plant and equipment acquired on credit 328   176   (148 ) 176   214  
Repurchase of treasury shares on credit 3,518     3,518      
Recognition of a right-of-use asset 199   223   72   65   929  

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