Electronics 3D printer manufacturer Nano Dimension (NNDM) has announced a dramatic increase in its quarterly revenue within its Q2 2022 financial results.
Over the quarter, the firm generated $11.1 million in revenue, over 1,000% more than the $0.8 million it brought in during Q2 2021, and a 6.7% rise on the 10.4 million it reported in Q1 2022. This accelerated growth was largely driven by acquired revenue, with Nano Dimension buying Global Inkjet Systems in early-2022, having already taken over Fabrica and DeepCube in deals worth $129.4 million.
While the cost of these acquisitions and Nano Dimension’s continued high spending on R&D meant that its net losses hit $39.7 million in Q2 2022, CEO Yoav Stern says its generally “frugal approach to cash management” during the last two years of market inflation, has now positioned it to capitalize on “new arising…
