Nano Dimension achieved record quarterly revenue of $15.0M in Q2 2024, up 2% YoY, with improved gross margin of 45.4% compared to 44.1% in Q2 2023. The company significantly reduced its net cash burn by 69% to $18M in H1 2024 from $58M in H1 2023, demonstrating enhanced operational efficiency.Following the quarter end, Nano Dimension announced a definitive agreement to acquire Desktop Metal for a consideration between $135M-$183M. The combined entity would have generated $246M in revenue based on 2023 figures, with 28% from recurring revenue streams. The acquisition aims to create a leader in additive manufacturing with advanced portfolio capabilities.The company reported a Q2 net loss of $44.3M compared to $9.4M loss in Q2 2023, mainly due to revaluation of investment securities. Operating expenses decreased across all departments following reorganization efforts, with R&D expenses dropping to $9.1M from $16.4M YoY, while sales and marketing expenses reduced to $7.2M from $8.2M.

Nano Dimension achieved record quarterly revenue of $15.0M in Q2 2024, up 2% YoY, with improved gross margin of 45.4% compared to 44.1% in Q2 2023. The company significantly reduced its net cash burn by 69% to $18M in H1 2024 from $58M in H1 2023, demonstrating enhanced operational efficiency.Following the quarter end, Nano Dimension announced a definitive agreement to acquire Desktop Metal for a consideration between $135M-$183M. The combined entity would have generated $246M in revenue based on 2023 figures, with 28% from recurring revenue streams. The acquisition aims to create a leader in additive manufacturing with advanced portfolio capabilities.The company reported a Q2 net loss of $44.3M compared to $9.4M loss in Q2 2023, mainly due to revaluation of investment securities. Operating expenses decreased across all departments following reorganization efforts, with R&D expenses dropping to $9.1M from $16.4M YoY, while sales and marketing expenses reduced to $7.2M from $8.2M.