Nano Dimension's Q1 Revenue Drops, But Cost-Cutting Measures Show Promise
Nano Dimension Ltd (NASDAQ:NNDM) reported fiscal first-quarter revenues of $13.36 million, down by 10.7% year-on-year.
The decrease is attributed to decreased sales of the company’s product lines.
Adjusted gross margin improved by 265 bps to 49.8% courtesy of the company’s pricing of its sophisticated hi-tech products.
EPS loss of $0.15 was down from $0.09 profit last year.
Operating loss in the quarter under review totaled $18.97 million versus a loss of $31.20 million last year.
Net loss for the quarter attributable to owners was $34.77 million, compared to net income of $22.22 million a year ago.
Nano Dimension held $793.08 million in cash and equivalents as of March-end
