Nano Dimension Announces Q3/2024 Results – The Best 3rd Quarter in the Company’s History

For more information, please visit www.nano-di.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s, Desktop Metal’s and Markforged’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. The acquisitions of Desktop Metal and Markforged are subject to closing conditions, some of which are beyond the control of Nano Dimension, Desktop Metal or Markforged. For example, Nano Dimension is using forward-looking statements when it discusses benefits and advantages of the proposed transactions with Markforged and Desktop Metal, and the combined company, the combined company’s revenues and cash, the Company’s vision, and that the Company will be EBITDA positive by Q4 2026. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 21, 2024, and in any subsequent filings with the SEC. The combined company financial information included in this communication has not been audited or reviewed by Nano’s auditors and such information is provided for illustrative purposes only. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information about the Transaction and Where to Find It

In connection with the proposed transaction, Markforged filed a definitive proxy statement with the SEC on November 13, 2024. Markforged may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the proxy statement or any other document that Markforged may file with the SEC. The definitive proxy statement has been mailed to shareholders of Markforged. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement and other documents containing important information about Markforged and the proposed transaction, at the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Markforged will be available free of charge on Markforged’s website at https://investors.markforged.com/sec-filings

Participants in the Solicitation

Nano, Markforged and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Markforged shareholders in respect of the proposed transaction. Information about the directors and executive officers of Nano, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Nano’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023, which was filed with the SEC on March 21, 2024. Information about the directors and executive officers of Markforged, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Markforged’s proxy statement for its 2024 Annual Meeting of Stockholders, which was filed with the SEC on April 26, 2024 and Markforged’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed with the SEC on March 15, 2024. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the proxy statement and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors should read the proxy statement carefully before making any voting or investment decisions. You may obtain free copies of these documents from Nano or Markforged using the sources indicated above.

NANO DIMENSION INVESTOR RELATIONS CONTACT

Tomer Pinchas, CFO & COO | ir@nano-di.com 

Unaudited Consolidated Statements of Financial Position as at

  September 30, December 31,
  2023 2024 20233
(In thousands of USD)(Unaudited)(Unaudited) 
Assets   
Cash and cash equivalents               489,323                213,660                309,571 
Bank deposits               383,354                547,091                541,967 
Restricted deposits                          60                           60                           60  
Trade receivables                  10,310                   12,534                   12,710  
Other receivables                    4,845                      4,782                   11,290  
Inventory                  21,276                   19,510                   18,390  
Total current assets                909,168                 797,637                 893,988  
       
Restricted deposits                       846                         861                         881  
Investment in securities                131,951                   80,566                 138,446  
Deferred tax                       259                           —                           —  
Other receivables                       831                           —                           —  
Property plant and equipment, net                  14,814                   16,658                   16,716  
Right-of-use assets                  12,963                   10,166                   12,072  
Intangible assets                    2,235                      2,235                      2,235  
Total non-current assets                163,899                 110,486                 170,350  
Total assets            1,073,067                 908,123              1,064,338  
       
Liabilities      
Trade payables                    8,148                      3,433                      4,696  
Other payables                  24,117                   20,242                   25,265  
Current portion of lease liability                    4,507                      4,014                      4,473  
Current portion of bank loan                       235                         148                           38  
Total current liabilities                  37,007                   27,837                   34,472  
       
Liability in respect of government grants                    1,861                         983                      1,895  
Employee benefits                    2,468                      3,941                      2,773  
Long term lease liability                    9,000                      7,429                      8,742  
Deferred tax liabilities                          —                           —                           75  
Bank loan                       588                         333                         595  
Total non-current liabilities                  13,917                   12,686                   14,080  
Total liabilities                  50,924                   40,523                   48,552  
       
Equity      
Non-controlling interests                       660                         965                      1,011  
Share capital                399,327                 407,338                 400,700  
Share premium and capital reserves            1,299,303              1,303,332              1,299,542  
Treasury shares                (89,375 )             (167,651 )                (97,896 )
Foreign currency translation reserve                       938                      2,638                      2,929  
Remeasurement of net defined benefit liability (IAS 19)                    1,448                       (726 )                       707  
Accumulated loss              (590,158 )             (678,296 )             (591,207 )
Equity attributable to owners of the Company            1,021,483                 866,635              1,014,775  
Total equity            1,022,143                 867,600              1,015,786  
Total liabilities and equity            1,073,067                 908,123              1,064,338  
             

Unaudited Consolidated Statements of Profit or Loss and Other Comprehensive Income

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