Nano Dimension Ltd. (NNDM) shares surged 6.30% in after-hours on Tuesday, September 07, 2021, and closed the daily trading at $6.75. In the regular trading session of Tuesday, NNDM’s stock lost 1.09%. NNDM shares have risen 360.14% over the last 12 months, and they have moved up 3.59% in the past week. Over the past three months, the stock has lost 23.49%, while over the past six months, it has declined 33.02%.
Let’s have a look at its recent news and developments.
NNDM partnership with Fraunhofer Institute
On September 07, 2021, Nano Dimension Ltd (NNDM) announced a collaboration with the Fraunhofer Institute for Manufacturing Engineering and Automation IPA (Fraunhofer IPA).
Nano Dimension and Fraunhofer IPA will focus on the research and development within the field of autonomous fabrication of electromechanical systems based on 3D freeform printing and the highest precision 3D assembly technologies, for the next two years.
NNDM upcoming Fabrica 2.0 update
On August 30, 2021, Nano Dimension Ltd (NNDM) announced that the Fabrica 2.0 Micro Additive Manufacturing (AM) System will be exhibited at the RAPID + TCT event, to be held in September 13-15, 2021 in Chicago, USA. The public will be able to see the innovative printing system in action, as well as inspect an array of manufactured high precision, high-quality parts.
NNDM recent financial results announcement
On August 18, 2021, Nano Dimension Ltd (NNDM) announced its financial results for the second quarter ended June 30, 2021.
Q2 2021 financial highlights
- NNDM reported revenue of $811,000 in Q2 2021 compared to $288,000 in the second quarter of 2020.
- The total cost of revenue was $332 million for Q2 2021 compared to $174 million in Q2 2020.
- It suffered a net loss of $13,602,000, or $0.05 per share in Q2 2021 compared to $8,265,000, or $0.27 per share loss, in the second quarter of 2020.
Half-year financial highlights
- NNDM reported revenue of 1,622,000 for the six months ended June 30, 2021, compared to $990,000 in the six months ended June 30, 2020.
- The total cost of revenue was $684 million in the first six months of 2021 compared to $589 million in the first six months of 2020.
- It suffered a net loss of $22,916,000, or $0.10 per share in the first six months of 2021, compared to $10,339,000, or $0.55 per share, in the first six months of 2020.
- As of June 30, 2021, company had cash and cash equivalents of $1,396,939,000 compared to $670,934,000 as of December 31, 2020.
Conclusion
The recent news about its collaboration with Fraunhofer Institute was the reason behind its gains in the after-hours on Tuesday and it can continue to perform well in the coming trading session of Wednesday.
