PR Newswire
NESS ZIONA, Israel, Nov. 8, 2016
NESS ZIONA, Israel, Nov. 8, 2016 /PRNewswire/ -- Nano Dimension Ltd. (NASDAQ, TASE: NNDM), a leader in the area of 3D Printed Electronics, today announced financial results for the third quarter ended September 30, 2016.
Nano Dimension ended the third quarter of 2016 with $14,243,000 (NIS 53,524,000) in cash and cash equivalents, while total quarterly expenses were $1,727,000 (NIS 6,491,000).
Amit Dror, CEO, said, "The third quarter has been marked by major milestones for Nano Dimension. First and foremost, the company began rolling out its sales operation. To this end, Nano Dimension supplied its first two DragonFly 2020 3D Printer systems to beta partners for evaluation and demonstration purposes. Nano Dimension also closed its first public offering of American Depository Shares (ADSs) in the United States, with total gross proceeds from the offering of approximately $13.8 million."
"In addition, during the quarter, the company continued to innovate and invest in R&D in new fields outside of its current core business. The significant activity over the course of the third quarter positions the company well moving forward, and we believe we have great momentum for Nano Dimension's continued success."
Third Quarter 2016 Financial Results:
Balance Sheet Highlights
Third Quarter and Recent Corporate Highlights:
Conference call information
The company will host a conference call to discuss these financial results today, November 8, 2016, at 10:00 a.m. EST (05:00 p.m. IST). Investors within the United States interested in participating are invited to call 1-844-763-8274. All other international participants can use the international dial-in number: 1-412-717-9224. Please request the "Nano Dimension's call" when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of Nano Dimension's website at http://investors.nano-di.com/events-and-presentations.
For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension's website at http://investors.nano-di.com/events-and-presentations.
About Nano Dimension Ltd.
Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. Nano Dimension's unique products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials. The company's primary products include the first 3D printer dedicated to printing multi-layer PCBs and advanced nanotechnology-based conductive and dielectric inks.
In addition to the trading of the company's ADSs on NASDAQ, the company's ordinary shares are also traded on the TASE in Israel. The Bank of New York Mellon serves as the depositary for Nano Dimension's ADSs.
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 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. For example, we are using forward-looking statements when we discuss that we expect to deliver several more printers by the end of 2016, transitioning our bio-printing activities to a new entity, our position moving forward, and our momentum for continued success. 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 prospectus filed with the Securities and Exchange Commission ("SEC") pursuant to Rule 424(b)(4) on September 27, 2016, and in any subsequent filings with the SEC. 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.
CONTACT INVESTOR RELATIONS:
Miri Segal-Scharia
CEO
MS-IR LLC
917-607-8654
msegal@ms-ir.com
Nano Dimension Ltd. | ||||||||||||
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Consolidated Statements of Financial Position | ||||||||||||
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| | September 30 | | | September | | | December 31 | | |||
| | 2016 | | | 2016 | | | 2015 | | |||
| | Thousand USD Convenience translation into US dollars (NIS 3.758 = $1) | | | Thousand NIS | | | Thousand NIS | | |||
Assets | | | | | | | | | | |||
Cash and cash equivalents | | | 14,243 | | | | 53,524 | | | | 33,811 | |
Restricted deposits | | | - | | | | - | | | | 500 | |
Other receivables | | | 312 | | | | 1,173 | | | | 1,030 | |
Total current assets | | | 14,555 | | | | 54,697 | | | | 35,341 | |
| | | | | | | | | | | | |
Restricted deposits | | | 113 | | | | 425 | | | | 428 | |
Property plant and equipment, net | | | 1,416 | | | | 5,321 | | | | 4,414 | |
Intangible assets | | | 7,375 | | | | 27,717 | | | | 11,355 | |
Total non-current assets | | | 8,904 | | | | 33,463 | | | | 16,197 | |
Total assets | | | 23,459 | | | | 88,160 | | | | 51,538 | |
| | | | | | | | | | | | |
Liabilities | | | | | | | | | | | | |
Trade payables | | | 353 | | | | 1,328 | | | | 1,727 | |
Other payables | | | 1,205 | | | | 4,527 | | | | 1,814 | |
Total current liabilities | | | 1,558 | | | | 5,855 | | | | 3,541 | |
| | | | | | | | | | | | |
Liability in respect of government grants | | | 594 | | | | 2,234 | | | | 993 | |
Total liabilities | | | 2,152 | | | | 8,089 | | | | 4,534 | |
| | | | | | | | | | | | |
Equity | | | | | | | | | | | | |
Share capital | | | 1,411 | | | | 5,304 | | | | 3,863 | |
Share premium | | | 29,910 Werbung Mehr Nachrichten zur Nano Dimension ADR Aktie kostenlos abonnieren
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