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NANODIMENSION Electrifying Additive Manufacturing " Nano Dimension Reports 2021 First Quarter Financial Results with CEO Letter to Shareholders Conference call to be held today at 9:00 a.m. EDT Exhibit 99.1 Sunrise , Florida , May 20th , 2021 - Nano Dimension Ltd. ( Nasdaq : NNDM ) , a leading Additively Manufactured Electronics ( AME ) / PE ( Printed Electronics ) provider , today announced financial results for the first quarter ended March 31 , 2021 . Nano Dimension reported revenues of $ 811,000 for the first quarter of 2021. The Company ended the quarter with a cash and deposits balance of $ 1,471,014,000 ( including short and long - term unrestricted bank deposits ) , while net loss for the first quarter was $ 9,314,000 . CEO MESSAGE TO SHAREHOLDERS : Mr. Yoav Stern , Chief Executive Officer of Nano Dimension , commented : " Our business plan is proceeding on schedule but uniquely to Nano Dimension , as I have explained to our supportive investors and shareholders while we have raised the capital , to comprehend Nano Dimension's short - term advancements , one should look at our quarterly performance through a magnifying glass that can trifurcate our reported results among three orthogonal axes¹ of intense yet temporarily perpendicular activities and developments : First axis the sale efforts of our existing early bird machines ( DragonFly LDM ) which are slowly recovering from a long corona - related hibernation . The Second axis - our investment and expansion of our Product Development efforts , which are the main reason for the larger expense line , show a positive trend as we deploy capital as planned and promised , to accelerate R & D of material and printing technologies to advance the AME product line through the milestones of fitting market specifications . The Third axis is our M & A efforts . The two recent acquisitions , which have been " in process " for approximately 6 months , and the additional prospects we are working on since H2 / 2020 , do not yet reflect positively on our financial statements . On the First axis , as we have stated before , the effects of the pandemic , which include slow vaccination processes and recurring closures ( especially in Europe ) , are still affecting our ability to sell new machines . Our technology is in its early adoption stage , and technologically forward - thinking prospective customers have not been allowed to make large capital equipment purchases under their current COVID - 19 budgetary limitations . Additionally , due to COVID - related restrictions we cannot visit the facilities of most potential future customers , which severely limits our marketing and sales efforts . An orthogonal classification is one in which no item is a member of more than one group , that is , the classifications are mutually exclusive . Independent variables that affect a particular variable are said to be orthogonal if they are uncorrelated . 1