Nano Dimension Ltd. (NASDAQ:NNDM) shares were virtually unchanged early Monday, after it announced a preview of its financial results for the first quarter ended March 31, 2023.
On a preliminary basis, Nano Dimension reported unaudited approximated consolidated revenues of $14.6 million for the first quarter ended March 31, 2023, a 40% increase over the first quarter ended March 31, 2022, and a 21% increase over the fourth quarter ended December 31, 2022.
The above information reflects preliminary estimates with respect to certain results of Nano Dimension for the first quarter ended March 31, 2023, based on currently available information. The final first quarter results may vary from the preliminary estimates.
CEO Yoav Stern commented: “The last quarter of 2022 was “our best quarter ever” at that time. The first quarter of every year is expected to be, traditionally, weaker than the rest of the quarters. However, due to a record organic growth of our DragonFly IV revenue as well as best quarterly revenue in Additive Electronic and Software and Hardware Ink Management Systems, the first quarter of 2023 is now, “our best quarter in revenue, ever.” It is a manifestation of our organizational development and our sales and marketing efficiency.”
Nano Dimension’s says its vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.
NNDM shares added one cent to $2.56.
