Total Revenue: $14.4 million, representing an 8% growth from Q1 2024.

Adjusted Gross Margin: 43.8%, down from 49.8% in Q1 2024.

Operating Expenses (OpEx): Declined to $14 million from $25.3 million in Q1 2024.

Adjusted EBITDA Loss: $9 million, compared to a loss of $13.6 million in Q1 2024.

Cash, Cash Equivalents, and Investable Securities: $840 million as of March 31.

Annual Operating Expense Savings: Forecasted to save around $20 million due to product discontinuations.

Release Date: June 12, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

Nano Dimension Ltd (NASDAQ:NNDM) reported an 8% revenue growth from Q1 2024, reaching $14.4 million despite macroeconomic challenges.

Operational expenses, net of one-time expenses, declined significantly to $14 million in Q1 2025 from $25.3 million in Q1 2024, reflecting effective cost control measures.

The company achieved a reduction in adjusted EBITDA loss to $9 million in Q1 2025 from $13.6 million in Q1 2024, indicating improved financial management.

Cash, cash equivalents, and investable securities stood at $840 million as of March 31, 2025, providing a strong liquidity position.

Strategic decisions, including the discontinuation of non-strategic products, are expected to save around $20 million annually in operating expenses.

Negative Points

Adjusted gross margin decreased to 43.8% in Q1 2025 from 49.8% in Q1 2024, impacted by the discontinuation of non-strategic assets.

The company did not provide specific guidance on future cost structure or cash burn rates due to ongoing strategic evaluations.

The integration of recent acquisitions, such as Markforged and Desktop Metal, remains a complex process with ongoing independent assessments.

There is uncertainty surrounding the strategic direction and financial obligations related to the acquisition of Desktop Metal.

Despite improvements, the company still reported an adjusted EBITDA loss, indicating ongoing challenges in achieving profitability.

Q & A Highlights

Q: Can you provide any details on the strategic overview of Desktop Metal and the responsibility for their convertible? A: Ofir Baharav, CEO: We have previously elaborated on Desktop Metal and the convertible. We are meeting our obligations to Desktop Metal, which is currently managed by an independent management team, financial advisers, and Board. They will make the best decisions for Desktop Metal.

Q: Can you provide insights into the cost structure and cash burn rates for the combined business model of Nano Dimension and Markforged over the next 6 to 12 months? A: Assaf Zipori, CFO: We are not providing guidance at this time as we evaluate strategic alternatives for Desktop Metal and work through the integration of Markforged. We are disciplined in managing expenses and cash burn, as reflected in our improved Q1 OpEx. We will continue to control operational expenses and cash.