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NANODIMENSION Electrifying Additive Manufacturing " Nano Dimension Reports 2021 Second Quarter Financial Results with CEO Letter to Shareholders Conference call to be held today at 9:00 a.m. EDT SUNRISE , Fla . , Aug. 18 , 2021 ( GLOBE NEWSWIRE ) Nano Dimension Ltd. ( Nasdaq : NNDM ) , an industry leading Additively Manufactured Electronics ( AME ) and Printed Electronics ( PE ) manufacturing system provider , announced today financial results for the second quarter ended June 30 , 2021 . -- Nano Dimension reported revenues of $ 811,000 and $ 1,622,000 for the second quarter and first half of 2021 , respectively , compared to revenues of $ 288,000 and $ 990,000 for the second quarter and first half of 2020 , respectively . The Company ended the quarter with a cash and deposits balance of $ 1,396,939,000 while total operating loss for the second quarter was $ 19,859,000 ( including approximately $ 10,000,000 of non - cash share - based compensation plus depreciation and amortization expenses ) . " In April 2021 , we purchased two entities , Nano Fabrica and DeepCube . Hence , the second quarter of 2021 is the first quarter in which we consolidated the financial results of those two entities in our financial statements . " said Yael Sandler , Chief Financial Officer of Nano Dimension . " We are excited to integrate the activities of those cutting - edge groups into Nano Dimension and looking forward to demonstrating to the market additional results of our M & A efforts . " concluded Ms. Sandler . CEO MESSAGE TO SHAREHOLDERS : Mr. Yoav Stern , Chairman and Chief Executive Officer of Nano Dimension , commented : " Admittedly , Nano Dimension is a different type of investment , in terms of the ability to understand its breakthroughs and progressions on a monthly and quarterly basis , especially under the understandable parameters governing public disclosures . As an example , even the fact that our revenue and gross margin ( net of amortization of intangibles ) for the first half of 2021 were up by 68 % and 40 % compared to similar periods in 2020 , is not necessarily a comprehensive indication of the status of our business . The results , positive as they may be perceived , are still too small in absolute magnitude to derive any meaningful conclusions . Our achievements and progressions in performance toward soon to be released new products , as well as advancement in material properties developments , are much more important , now , than the quarterly demonstrated revenue growth . Traders and short - term investors may be disappointed from expenses not going down , yet the right “ financial " measure of our success at this point is a total contradiction to that perception : It is rather our ability to identify and hire the top scientific talents and the meaningful increases in R & D , material research and data science expense ( actually , those are the most important business " investments ” " but defined as " expenses " as per accounting regulations ) . Therefore , the endeavors , if successful , will be manifested in the publicly disclosed financial statements by increased expenses , obviously to be spent smartly for increasing value , and hence a reduction of profits , and with no correlation with revenue whatsoever . Nano Dimension is a startup business with unique , outstanding and unprecedent disruptive status , stemming out of three factors : A. Our unparalleled technology and its prospects for self - learning , self - correcting high yield 3D additive manufacturing machines : It is led by one - of - a - kind capability to make the leap toward Industry 4.0 by integrating DeepCube our patented deep / machine learning ( which is at the forefront of artificial intelligence science ) engine . This " Robotic Brain " is in the process of being made to run a digital network of 3D - fabrication printers which will convert material inventory into digital - cloud - based - inventory , until printed as a final 3D product - where needed , when needed , and only then . In the same manner that paper is almost obsolete for repetitive daily printing since PDF files serve as digital - cloud - based - inventory , Nano Dimension's printers for Additively Manufacturing Electronics ( known to customers as DragonFlyⓇ ) and Additively Manufacturing micro - mechanics ( known to customers as Fabrica 2.0 ) are going to enable capital and labor intensive ecologically offensive industries to be converted to a digital network of " lights - out - manufacturing " facilities . They will fittingly be based in the Western Hemisphere , not only in Asia Pacific , and in doing so reduce the risk of failing supply chains and vulnerability resulting from trade wars and protectionist competition schemes , so painfully observed during 2020-2021 . B. Our $ 1.397 billion of financial reserves , enable us to plan for at least 5-6 years with proper qualifiable , quantifiable and measurable milestones and gateways . Typically , early - stage growth companies are forced to focus on performing on a quarterly basis , while compromising proper long - term execution for much higher returns ( albeit later in the game ) . This phenomenon is a result of their need to constantly raise money in order to proceed . It is exactly where Nano Dimension is so well positioned compared to its competition . Nano Dimension leadership can think , plan and efficiently execute long term business plans , for the benefit of our shareholders and customers . We do so by evading the trap of wasting expensive energy and especially time for reaching short term financial goals . We do not undermine the ability of our scientists , engineers , and business leaders to fulfil our stakeholders ' long term investment goal : Creating unparalleled added value which will drive financial value to an order of magnitude above the company and its competitors ' present valuation , even if it takes a bit longer than a few quarters . C. Our unique and dedicated teams of over 130 world - class scientists and engineers , up from 70 just 8 months ago , are all shareholders of Nano Dimension and make up the multidisciplinary team in the fields of deep learning , data science , material science , process and fabrication technologies , automation , machine building and advance electromechanically robotics , algorithms