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

(In thousands of USD)

  Nine Months Ended
September 30,
Three Months Ended
September 30,
Year Ended
December 31, 2023
  2023 2024 2023 2024
Cash flow from operating activities:     
Net loss          (54,320)          (87,863 )          (66,873)         (8,640 )       (55,660)
Adjustments:     
Depreciation              4,551               4,961                1,588            1,530             6,544 
Financing income, net          (26,675)          (30,165 )            (9,053)       (12,325 )       (46,281)
(Loss) gain from revaluation of financial liabilities accounted at fair value                468                   (9 )                 (17)              (42 )              461 
Loss (gain) from revaluation of financial assets accounted at fair value          (16,967)            57,880              40,234               776         (23,462)
Loss (gain) from disposal of property plant and equipment and right-of-use assets                333                   72                   (12)               66                326 
Increase in deferred tax                  (95 )                  —                     —                 —                 (11 )
Share-based payments             15,810              10,791                 4,268             3,958            20,101  
Other                 121                  116                     53                 42                 164  
            (22,454 )            43,646               37,061           (5,995 )        (42,158 )
Changes in assets and liabilities:          
(Increase) decrease in inventory             (3,253 )            (1,609 )             (2,041 )              290               (340 )
Decrease (increase) in other receivables               1,659                6,238                    990                393            (5,775 )
(Increase) decrease in trade receivables             (3,951 )                217                 2,088                214            (5,603 )
Increase (decrease) in other payables               2,908              (3,930 )               4,253              (151 )            4,856  
Decrease in employee benefits                (992 )               (282 )                (593 )            (414 )          (1,478 )
Increase (decrease) in trade payables               4,742              (1,015 )               5,570                395              1,089  
           
                1,113                 (381 )             10,267                727            (7,251 )
Net cash used in operating activities           (75,661 )          (44,598 )           (19,545 )       (13,908 )       (105,069 )
           
Cash flow from investing activities:          
Change in bank deposits           (37,016 )            (7,563 )           114,375         (12,975 )       (189,060 )
Interest received             29,804              32,835               11,806           10,120            41,529  
Change in restricted bank deposits                  (38 )                 (11 )                    (4 )               14                 (27 )
Acquisition of property plant and equipment             (9,066 )            (1,659 )             (1,945 )            (490 )          (9,098 )
Acquisition of intangible asset             (1,524 )               (711 )             (1,524 )               —            (1,524 )
Payment of a liability for contingent consideration in a business combination             (9,255 )                  —                     —                 —            (9,255 )
Other                   —                    —                     —                 —                 835  
Net cash from (used in) investing activities           (27,095 )            22,891             122,708           (3,331 )       (166,600 )
Cash flow from financing activities:          
Lease payments             (3,640 )            (3,458 )             (1,169 )         (1,152 )          (4,823 )
Repayment long-term bank debt                (193 )               (143 )                  (97 )              (36 )             (536 )
Proceeds from non-controlling interests                 550                  555                     —                555              1,089  
Amounts recognized in respect of government grants liability                (225 )               (137 )                  (53 )              (36 )             (298 )
Payments of share price protection recognized in business combination             (1,780 )               (363 )                   —                 —            (4,459 )
Repurchase of treasury shares           (85,726 )          (69,755 )           (65,985 )               —          (96,387 )
Net cash used in financing activities           (91,014 )          (73,301 )           (67,304 )            (669 )       (105,414 )
Increase (decrease) in cash and cash equivalent s         (193,770 )          (95,008 )             35,859         (17,908 )       (377,083 )
Cash and cash equivalents at beginning of the period           685,362            309,571             454,555         231,777          685,362  
Effect of exchange rate fluctuations on cash             (2,269 )               (903 )             (1,091 )            (209 )            1,292  
Cash and cash equivalents at end of the period           489,323            213,660             489,323         213,660          309,571  
           
Non-cash transactions:          
Intangible asset acquired on credit                   —                    —                      —                  —                711   
Property plant and equipment acquired on credit                 410                  124                     82                124                 214  
Repurchase of treasury shares on credit               2,140                    —               (1,378 )               —                  —  
Recognition of a right-of-use asset                 199                1,215                     —                992                 929  
                     

Non-IFRS Measures

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