Nano Dimension reported Q1 2024 financial results showing continued progress toward profitability. Revenue was $13.36M compared to $14.97M in Q1 2023, with gross margin expanding 235 basis points to 46.2%. Adjusted gross margin improved to 49.8%, up from 47.1% year-over-year.The company's "Reshaping Nano Initiative" demonstrated significant impact with net cash burn reduced by 75% to $7.0M in Q1 2024 from $27.4M in Q1 2023. Operating expenses decreased across all departments, with R&D expenses down to $9.13M from $19.25M, sales and marketing expenses reduced to $6.52M from $7.49M, and general administrative expenses declining to $9.60M from $11.03M year-over-year.The company maintains a strong capital position with management reaffirming 2024 net cash burn guidance of $12-20M. Over the last 15 months, outstanding shares were reduced by 15% to 219 million through share repurchases at $2-$3 per share below cash and investments value. As of Q1 2024, cash and investment value per share was approximately $4.1, excluding the value of the $55-60M revenue business.

Nano Dimension reported Q1 2024 financial results showing continued progress toward profitability. Revenue was $13.36M compared to $14.97M in Q1 2023, with gross margin expanding 235 basis points to 46.2%. Adjusted gross margin improved to 49.8%, up from 47.1% year-over-year.The company's "Reshaping Nano Initiative" demonstrated significant impact with net cash burn reduced by 75% to $7.0M in Q1 2024 from $27.4M in Q1 2023. Operating expenses decreased across all departments, with R&D expenses down to $9.13M from $19.25M, sales and marketing expenses reduced to $6.52M from $7.49M, and general administrative expenses declining to $9.60M from $11.03M year-over-year.The company maintains a strong capital position with management reaffirming 2024 net cash burn guidance of $12-20M. Over the last 15 months, outstanding shares were reduced by 15% to 219 million through share repurchases at $2-$3 per share below cash and investments value. As of Q1 2024, cash and investment value per share was approximately $4.1, excluding the value of the $55-60M revenue business.