NNDM

Ongoing Strategic Actions Expected to Reduce Annualized Cash Burn by Approximately $25 Million Announced Agreement to Sell MarkForged, Inc. to Stratasys; Transaction Expected to Close in the Second Half of 2026 Completed Sale of AME and Fabrica Product Lines WALTHAM, Mass., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”) today reported financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Highlights: Revenue: $29.0 million, a 12.1% increase from $25.8 million year-over-year Gross Margin (“GM”): 45.9%, up from 27.3% year-over-year Adjusted Gross Margin (“Adjusted GM”): 48.8%, up from 44.7% year-over-year Net Loss from Continuing Operations: $6.8 million, an improvement compared to a loss of $11.4 million year-over-year Adjusted EBITDA Loss from Continuing Operations: $9.6 million, an improvement compared to a loss of $16.7 million year-over-year Total cash, cash equivalents, deposits, restricted deposits and marketable equity securities: $433.3 million as of June 30, 2026, compared to $441.6 million as of March 31, 2026 Adjusted EBITDA and Adjusted Gross Margin are non-GAAP financial measures. More information, including a reconciliation of Adjusted EBITDA and Adjusted Gross Margin to the most directly comparable GAAP financial measure can be found below in this press release under “Non-GAAP Financial Measures” and “Reconciliation of US GAAP to Non-GAAP Measures.” Second Quarter 2026 Financial Details: Revenue increased 12.1% year-over-year to $29.0 million, driven primarily by continued strength in the Company's Essemtec product line. Markforged contributed $14.1 million of revenue during the quarter, a decrease of $2.0 million compared to the prior-year period. Excluding Markforged, revenue increased $5.2 million, or 53.1%, year-over-year, primarily reflecting growth in the Essemtec product line, partially offset by a $1.1 million decrease in revenue due to the sale of the AME product line. GAAP gross profit increased 88.8% year-over-year to $13.3 million, while gross margin improved to 45.9%, compared to 27.3% in the prior-year period. The improvement was primarily driven by the non-recurrence of non-cash charges recognized in the second quarter of 2025, higher sales volumes, a more favorable product mix, and the continued execution of margin improvement initiatives across the Company. The Company's continued focus on margin improvement is also reflected in non-GAAP gross profit, which increased 22.3% year-over-year to $14.1 million, while Adjusted gross margin improved to 48.8%, compared to 44.7% in the prior-year period. The Essemtec product line delivered a record quarterly performance, driven by continued demand across electronics manufacturing, AI-related manufacturing applications, and aerospace and defense applications, including continued expansion with space and satellite customers. Markforged experienced softer sales during the second quarter. However, customer engagement and underlying demand trends remain strong. Approximately $3.0 million of orders received were not reflected in second quarter revenue due to production timing and are expected to be fulfilled in the third quarter. During the second quarter, the Company secured a significant order from a major aerospace manufacturer and continued to see momentum across aerospace and defense applications in multiple regions, as well as in other advanced manufacturing environments. At the same time, Markforged continued to benefit from cost reduction initiatives, which contributed to improved margins. GAAP operating expenses declined 30.4% year-over-year reflecting lower one-time items and continued execution of cost reduction initiatives during the quarter. Non-GAAP operating expenses declined 16.0% year-over-year and 27.2% relative to the previously identified baseline of approximately $32.5 million. This baseline represents second quarter 2025 non-GAAP operating expenses adjusted to include a full quarter of Markforged. These cost reduction initiatives, together with improved operating performance, contributed to a 40.1% improvement in net loss from continuing operations and a 42.5% improvement in Adjusted EBITDA loss compared to the prior-year period. Management Commentary: “Our second quarter results demonstrate continued progress in improving operating performance through disciplined execution and cost reduction initiatives,” said John Brenton, Chief Financial Officer. “We delivered strong margin performance, reduced operating expenses, and significantly improved Adjusted EBITDA compared to the prior-year period. We remain focused on maintaining financial discipline, improving operational efficiency and preserving financial flexibility.” Moshe Rozenbaum, Interim Chief Executive Officer, commented, “Since assuming the role of Interim CEO in July, I have been working closely with the Board and leadership team to evaluate the Company's operations, capital allocation priorities, and strategic direction. Our priorities are clear and disciplined. We are committed to maximizing shareholder value through disciplined capital allocation, operational excellence, rigorous execution and financial strength. Over the coming quarters, our focus is on four key priorities: reducing our cost structure, monetizing non-core assets, driving the business toward positive cash flow, and returning excess capital to shareholders when appropriate and consistent with our capital allocation framework. We recognize that shareholders expect accountability and tangible results, and we are committed to transparent communication as we advance these priorities.” Corporate Updates and Business Highlights: Leadership Update: Effective July 21, 2026, Moshe Rozenbaum was appointed Interim Chief Executive Officer. Governance Update: On July 17, 2026, the Company entered into a settlement agreement with Murchinson Ltd. and its affiliated entities, resulting in a refreshed Board of Directors (the “Board”) through the appointment of three new directors and the departure of four directors. The Board has appointed Phillip Borenstein as Chairman of the Board. Corporate Headquarters Lease Termination: On July 15, 2026, the Company entered into an agreement to terminate the lease for its current corporate headquarters, effective December 31, 2026, substantially reducing the Company’s future lease obligations. The Company expects to eliminate approximately $38 million of cumulative future lease costs through 2031. After accounting for the approximately $13 million lease termination payment, the Company expects to realize approximately $25 million of cumulative net cash savings. Sale of MarkForged, Inc: On May 27, 2026, the Company entered into a definitive agreement to sell MarkForged, Inc. to Stratasys Ltd. in an all-cash transaction valued at $42.5 million. The transaction is expected to enhance financial flexibility and reduce annualized cash burn by approximately $15 million. This estimate includes approximately $7.5 million of annualized lease-relatedcost savings associated with the corporate headquarters lease. The transaction is expected to close in the second half of 2026 and remains subject to customary closing conditions and regulatory approvals. The Company will provide updates as appropriate. Sale of AME and Fabrica Product Lines: On April 6, 2026, the Company announced the sale of its additively manufactured electronics (AME) product line and its previously discontinued Fabrica product line to Inspira Technologies OXY B.H.N. Ltd. for total consideration of up to $12.5 million, including a $2.0 million upfront cash payment and up to $10.5 million in performance-based deferred payments over the next twelve months. The transaction is expected to reduce annualized cash burn by approximately $10 million. 2026 Financial Guidance Update As previously announced in May 2026, given the Company’s ongoing actions under its strategic plan and the potential for additional changes across the business, the Company has suspended its full year 2026 financial guidance. Conference Call   Given the Company’s ongoing strategic initiatives, Nano Dimension will not host a second quarter 2026 earnings conference call. Additional information on the Company’s second quarter 2026 results can be found on Form 10-Q being filed with the Securities and Exchange Commission on the date hereof. The Company remains committed to transparent communication and will continue to provide updates on material developments as appropriate. About Nano Dimension Ltd. Nano Dimension Ltd. (Nasdaq: NNDM) has historically delivered advanced digital manufacturing technologies, including serving customers across the defense, aerospace, automotive, electronics and medical device industry segments. For more information, please visit https://www.nano-di.com/. Non-GAAP Financial Measures EBITDA is a non-GAAP measure and is defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization. We believe that EBITDA should be useful in evaluating the performance of our business and operations. EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting interest expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively) and EBITDA is useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to the items mentioned above. Adjusted EBITDA and operating expenses are non-GAAP measures and are defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization, share-based compensation expense, exchange rate differences, finance expenses (income) for revaluation of assets and liabilities, Desktop Metal litigation related expenses, Desktop Metal and Markforged transaction related expenses, restructuring costs, impact of deconsolidation, impairment losses, litigation settlements and step-up amortization from purchase accounting. We believe that Adjusted EBITDA and operating expenses, as described above, should also be useful in evaluating the performance of our business. Like EBITDA, Adjusted EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting other financial expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively), as well as from share-based payments, restructuring costs, impairment losses, and step-up amortization from purchase accounting. Adjusted EBITDA and operating expenses are useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to non-cash items, such as expenses related to share-based payments. Adjusted gross profit, excluding depreciation and amortization, share-based compensation expenses, and step-up amortization from purchase accounting, is a non-GAAP measure. We believe that adjusted gross profit, as described above, should also be useful in evaluating the performance of our business. Adjusted gross profit facilitates gross profit and gross margin comparisons from period to period and company to company by backing out potential differences caused by variations in amortization of inventory and intangible assets. Adjusted gross profit is useful to an investor in evaluating our performance because it enables investors, securities analysts and other interested parties to measure a company’s performance without regard to non-cash items, such as amortization expenses. Adjusted gross margin is calculated by dividing the adjusted gross profit by the revenues. EBITDA and Adjusted EBITDA, Adjusted gross profit and non-GAAP operating expenses can be useful in evaluating our performance by eliminating the effect of financing and non-cash expenses such as share-based payments, however, we may incur such expenses in the future, which could impact future results. In addition, other companies, including companies in our industry, may calculate non-GAAP metrics differently or not at all, which may reduce the usefulness of this measure as a tool for comparison.Nano Dimension does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain significant items. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results for the relevant period. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding Nano’s future growth, strategic plan and value to shareholders; the Company’s expectation that the phases of the strategic plan will increase shareholder value, streamline operations, monetize product lines and progress toward potentially selecting a compelling opportunity; the expected timeline of the sale of MarkForged, Inc., the Company’s expectations in the success of future strategic alternatives in reducing complexity, lowering annualized cash burn, strengthening the Company’s financial flexibility and delivering significant long term value creation in 2026 and beyond; and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2026, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano 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 communication. Contacts: Investors: Purva SanariyaDirector, Investor [email protected] Media: Samuel ManningPrincipal Manager, External [email protected]

Image source: The Motley Fool. May 7, 2026 at 4:30 p.m. ET Chief Executive Officer — David Stehlin Chief Financial Officer — John Brenton Vice President, Investor Relations — Purva Sanariya Need a quote from a Motley Fool analyst? Email [email protected] Purva Sanariya: Thank you, and good afternoon, everyone. Welcome to Nano Dimension's First Quarter 2026 Earnings Conference Call. Joining me today is our CEO, Dave Stehlin; and our CFO, John Brenton. Before we begin, I will remind you that certain information provided on this call may contain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The safe harbor statement outlined in today's earnings press release also pertains to statements made on this call. For a discussion of these risks and uncertainties, please refer to our filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, except as required by law. In addition, I would like to point out that we will be discussing non-GAAP results, which exclude certain items and reflect the results of continuing operations. We use non-GAAP measures because we believe they provide useful information about our operating performance that should be considered by investors in conjunction with the GAAP measures that we provide. I encourage you to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP measures, which can be found in the press release available on the company's website. If you have not received a copy of the press release, please view it in the Investor Relations section of the company's website. A replay of today's call will also be available on the Investor Relations section of the company's website. With that, I will turn the call over to Dave. David Stehlin: Thank you, Purva, and good afternoon, everyone. We appreciate you joining us today. I want to start by making as clear as possible what our strategic plan is and where we are in our process. We're now at a very clear inflection point. And today, I'll walk through what we have already accomplished, what is currently underway and what to expect going forward. I'll also take you through our 3-phase strategic plan in detail and provide an update on each phase. Before that, I'll begin with an overview of our performance in Q1. In the first quarter, our 2 largest product lines, Fused Filament Fabrication or FFF, which represents the largest component of Markforged and Essemtec's Surface Mount Technology or SMT product line, each delivered solid revenue performances. Results were in line with typical seasonal patterns where the first quarter is historically our lightest period following a strong fourth quarter. Underlying demand trends remain healthy with continued expansion across key industry segments and strong customer engagement. In our FFF business, we secured a significant expansion with a major U.S.-based automotive manufacturer. The deployment of multiple systems across several sites reflects the growing adoption of our solutions in production-oriented environments, and we expect further expansion over time. We also continue to see growth in defense-related opportunities across multiple applications and multiple regions, and we expect this segment to further expand throughout this year. Additionally, the Essemtec SMT product line had a solid start to the year, and we expect momentum to continue to build throughout the year. The combination of our PCB placement accuracy and flexibility, speed and high-quality engineering is winning exciting and significant new business in electronics and AI-related manufacturing, including engagements with leading global electronic manufacturing services companies serving large-scale customers. We're also seeing continued expansion in the deployment of our Essemtec solutions with leading space and satellite companies, reinforcing the applicability of our technologies in highly complex mission-critical environments. More broadly, we continue to see strong traction across industrial production environments, including repeat orders and expansion with global customers operating at scale. These trends reflect a broader shift across industries where customers are increasingly prioritizing supply chain resilience, production flexibility and cost efficiency, areas where our technologies are well positioned. Overall, we remain confident that each of these product lines is positioned to deliver solid performances in 2026. Now turning to our 3-phase strategic plan. These phases are operating in parallel, not in series, and reflect significant actions underway across the company. Nano Dimension today is a set of product lines built over time through acquisitions completed by prior management teams and overseen by prior boards, all within the broader digital manufacturing ecosystem. This includes both additive manufacturing or 3D printing technologies as well as electronics manufacturing technologies such as surface mount technology. Our products support some of the most advanced and fastest-growing industries, and we have an expanding base of success with companies and governments around the world. At the same time, the Board concluded that while these product lines have strong technologies and excellent teams, the ability to fully integrate them and get strong synergies and cost reductions would be highly challenging, require significant capital investment and introduce unnecessary execution risk. As a result, we initiated the previously described strategic alternatives review process in Q3 of last year to determine how to focus on certain product lines, reduce cash burn and maximize long-term shareholder value. Earlier last year, we divested out of certain product lines. And as we started Phase 1 in Q3 of '25, we then focused on streamlining the remaining product lines, reducing operating costs while preserving growth potential and not impairing long-term value creation. We began to see a significant reduction in cash burn in Q4 of '25, and that trend has continued into '26. As discussed in our previous updates, we've taken on meaningful actions to reduce costs, and that discipline continues. John will speak to the details, but the overall trend in operating expenses and cash burn remains favorable. Phase 2 has been underway for a few months now and includes an aggressive and detailed evaluation of our remaining operating product lines. With the support of Guggenheim Securities, one of our 2 previously announced investment banking relationships, we are presenting the Board with alternatives to support the monetization of our product lines. Our first completed transaction was the sale of the AME and Fabrica product lines, which closed on April 6, just a month ago. This transaction reduces complexity, improves focus and lowers our cost structure. It also includes both upfront and performance-based deferred considerations, allowing us to participate in potential upside under new ownership. Importantly, this step is expected to reduce annualized cash burn by approximately $10 million while strengthening our liquidity position. As part of our ongoing strategic alternatives review process, in Q1 of this year, we identified factors that required us to perform a goodwill impairment review for the Markforged FFF product line. As a result, we determined that the full goodwill balance associated with Markforged totaling $40.4 million was impaired as of quarter end. This is a noncash adjustment and does not impact our liquidity or execution of the plan. We're close to announcing the sale of another product line and are in the regulatory phase of approval. We expect to have more information on this in the coming weeks. We are also actively pursuing the right opportunities for each of our other product lines and expect continued progress toward our objectives in the coming weeks and months. I previously mentioned that the 3 phases of our plan are operating in parallel, and Phase 3 is focused on maximizing long-term value in 2026 and beyond. The Board and management have been working with Houlihan Lokey to evaluate and refine a focused set of go-forward alternatives, which may include, but not limited to, a strategic merger, a reverse merger or other strategic transactions. Our financial resources and public company platform create a compelling opportunity to pursue alternatives that could unlock value that better reflects our underlying balance sheet while also delivering significant long-term upside. Over the past few months, we've been pleased to review a significant number of interesting opportunities and potential partners and have narrowed the list. We're deep in the review process of this narrowed down and short list of exciting opportunities, and we'll present more details to our shareholders as our plan becomes firm. Again, each of these 3 phases of our plan are continuing forward, streamlining operations and cash burn reduction, product line monetization and go-forward alternative selection, and they're moving forward at a rapid pace. We expect to provide additional updates and announcements over the next few months as execution continues. In closing, I hope that you can now more clearly see the steps in our 3-phase strategic plan initiated by this Board in late Q3 of last year, the measurable and positive results we're seeing and the potential for exciting opportunities in the near future. With that, I'll turn the call over to John to review our financial results and provide an update on guidance. John? John Brenton: Thank you, Dave. It's a pleasure to be here with you all today. Unless stated otherwise, all numbers I will be discussing today are on a non-GAAP basis and reflect continuing operations. Revenue for the first quarter was $29.7 million, representing approximately 106% year-over-year growth compared to $14.4 million in the first quarter of 2025. This increase was driven primarily by the inclusion of Markforged, which contributed $17.1 million. Excluding Markforged, Nano Dimension stand-alone revenue was $12.6 million, lower year-over-year by approximately 12%, primarily due to reduced sales driven by increased tariffs and the impact of divestments. Gross profit for the quarter was $13.6 million with an adjusted gross margin of approximately 45.9% compared to $6.2 million and 43.3% in the prior year period. The improvement reflects the impact of divestments and product mix. Sequentially, gross profit decreased from the fourth quarter, reflecting normal quarterly variability and product mix. Operating expenses for the quarter were $26.1 million, representing a year-over-year increase of approximately 60% from $16.3 million in the first quarter of 2025, primarily due to the inclusion of Markforged, partially offset by cost efficiencies from organizational synergies. On a stand-alone basis, Nano Dimension's operating expenses declined approximately 22% year-over-year, reflecting the benefits of divestments and disciplined cost management. On a sequential basis, operating expenses for the first quarter declined by over 4% from $27.3 million in the fourth quarter and approximately 20% relative to the previously identified baseline of approximately $32.5 million, which reflects second quarter operating expenses adjusted to include a full quarter of Markforged. This decrease reflects continued execution on cost discipline and operational streamlining across the organization. Adjusted EBITDA for the quarter was a loss of $12.5 million compared to a loss of $10.1 million in the first quarter of 2025 and a loss of $9.8 million in the fourth quarter of 2025. The change reflects the inclusion of Markforged and lower stand-alone revenue impacted by tariffs and divestments, partially offset by gross margin performance and continued cost discipline. Turning to the balance sheet. Our financial position remains exceptionally strong. As of March 31, 2026, total cash, cash equivalents, deposits, restricted deposits and marketable equity securities were approximately $441.6 million compared to $459.6 million at the end of the prior quarter. This change of approximately $18 million includes $8.4 million related to changes in the fair value of marketable equity securities. The remaining change of $9.6 million primarily reflects lower sequential operating cash burn. Operating cash burn has continued to trend down since the third quarter of 2025, driven by disciplined expense management and cost reduction actions taken across the business. We continue to maintain a strong liquidity position, which provides flexibility as we execute through our defined strategic plan. Turning to guidance. Given our ongoing execution of our defined strategic plan and the potential for additional significant changes across the business, we have decided to withdraw our full year financial guidance at this time. This decision reflects the range of outcomes we are currently evaluating, including the timing and scope of potential monetization actions that could materially impact future financial results. With that, I will now hand it back to Dave. David Stehlin: Thank you, John. As you can now see, we are executing on all phases of our plan to strengthen Nano and position the company for near- and long-term value creation. With that, operator, please open the line for questions. Operator: [Operator Instructions] And our first question today comes from Moshe Sarfaty from Murchinson. Moshe Sarfaty: Dave, I want to refer to what you talked about the strategic review process, especially the third part of it. You said not limited to reverse merger, et cetera. And I don't know if you noticed how many times you repeated the terms excited and exciting, but I don't know how excited and exciting it is for Nano Dimension shareholders to hear about more and more mergers done by this company. We've been burned so many times that I don't think it's very exciting to Nano shareholders. Can you comment on that? David Stehlin: Yes, Moshe. So as you know, since the September time frame, we've engaged with our 2 different banks. And now you can see that they have different roles. And Houlihan Lokey has been focused on bringing us interesting partner opportunities. I mentioned that we have had looked at a large number, and that's more than a dozen different opportunities, and we've since narrowed that down. And I think when we get to the point where we make a decision, and we're not that far away, when we get to the point where we make a decision and are ready to share it with shareholders, you'll see that the upside potential should we go down that path is going to be very interesting for the shareholders and a situation that will create value, we hope, well above the value of our balance sheet. So that's the target is we know we've got a balance sheet that's strong. We've got a public entity that is also of value. And we're finding very interesting candidates that might be go-forward candidates to help us take advantage of that in 2026 and beyond. Moshe Sarfaty: Yes. Well, again, the exciting language is word for what we heard from Yoav Stern in the past. And also when I try to parse what you just said that Nano has a strong balance sheet and a public entity, that means that you treat Nano Dimension as a SPAC. That's how it sounds to us on this side. I have to tell you because that's what the SPAC is, a public entity with nothing but a balance sheet. David Stehlin: Yes, we understand what a SPAC is, and we are absolutely not a SPAC. What we're saying and because we obviously already have a number of different operating assets, we're finding ways to look for potential partners to create additional value. Moshe Sarfaty: I hope you'll hear the shareholders loud and clear when you bring it to them for a vote. I want to move for a second to the other part of the strategic review process, the asset sale. And the only asset sales so far, I mean, you alluded to another one coming very soon. But the only one was the sale of the legacy business, the AME. And you sold it in the beginning of April for $2 million. And you said that, that sale will reduce cash burn by $10 million on an annual basis. So the way we do the numbers, if you started the review, started looking to sell this business at the beginning of September and you sold it at the beginning of April, it took you 7 months. During those 7 months, you burned almost $6 million and you burn $6 million, you sold this business for $2 million. That math doesn't make any sense. Why keep a business alive if you can't fetch at least something that breaks even? David Stehlin: Yes, it's a good question. And as we also described, we have upside potential of another $10.5 million beyond the $2 million that was paid upfront. Moshe Sarfaty: Right. But we're a month in, can you give us any color on that so-called upside potential? David Stehlin: We're not at a point to give any color at this stage, but things are progressing in the right direction. And we -- as I said, the business has already been sold. It has been closed. And the way that the contract is written will allow us to get upside potential of up to $10.5 million. Moshe Sarfaty: Okay. Can you comment who found this buyer? I'm asking that because you employ an investment bank that does his job, but we noticed that the buyer of that business was actually A Nano Dimension founder. Did he or his company approach Nano or did the bankers found him? David Stehlin: Yes, we're not going to comment on that, and there was a lot of dialogue back and forth. And obviously, the bankers were involved. Moshe Sarfaty: I'm sure they were involved. What I'm asking, they are supposed to find the buyers, right? So what we are -- what I'm trying to start the conversation here is about the value that those bankers deliver to Nano Dimension shareholders. David Stehlin: We understand. And the bankers, both on the Guggenheim side for the monetization side and the Houlihan side on the go-forward opportunities were hired to bring us alternatives and options and help us through the process. And both are doing that. They have, as I mentioned, very different jobs, but both are doing that. Operator: [Operator Instructions] And in showing no additional questions, I would like to turn the floor back over to Dave for closing remarks. David Stehlin: Thank you very much. And we really appreciate everyone being with us today. This is, as we described, a very significant inflection point for this business for Nano Dimension. There's a lot going on. We're very excited, and I know I've mentioned that a few times, but we're very excited about our go-forward options in Phase 3. Our strategic plan is one that we took a long deliberation to work through. As I mentioned, each of the phases have been operating in parallel, not in series. So that allows us to move more quickly to reach out across a wide dimension and understand all the various opportunities we have. And we'll share more information with you as our strategic plan continues to advance and some of these Phase 3 options become more firm. So thank you for your interest today, and goodbye. Operator: And with that, ladies and gentlemen, we'll conclude today's conference call and presentation. We do thank you for joining. You may now disconnect your lines. Before you buy stock in Nano Dimension, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nano Dimension wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!* Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 9, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Nano Dimension (NNDM) Q1 2026 Earnings Transcript was originally published by The Motley Fool

Interested in Nano Dimension Ltd.? Here are five stocks we like better. Revenue rose to $29.7 million in Q1 (up ~106% YoY) driven largely by Markforged's $17.1 million contribution, while Nano Dimension’s standalone revenue fell about 12% due to tariffs and divestments; adjusted gross margin improved to ~45.9%. Management unveiled a three-phase plan to cut costs, monetize product lines and pursue strategic transactions — the company closed sales of AME and Fabrica (expected to reduce annualized cash burn by ~ $10 million) and recorded a $40.4 million non‑cash goodwill impairment on the Markforged FFF line. $441.6 million of cash and marketable securities provides substantial liquidity and operating cash burn is trending down, but adjusted EBITDA was a $12.5 million loss and the company withdrew full‑year guidance amid potential further portfolio changes. Stratasys Remains the Belle of the 3D Printing Ball Nano Dimension (NASDAQ:NNDM) executives used the company’s first-quarter 2026 earnings call to outline progress on a three-phase strategic plan that includes continued cost reductions, monetization of product lines, and evaluation of broader strategic transactions. Management also reported year-over-year revenue growth driven by the inclusion of Markforged, while withdrawing full-year guidance due to potential additional portfolio changes. CFO John Brenton said first-quarter revenue was $29.7 million, up about 106% from $14.4 million in the first quarter of 2025. Brenton attributed the increase primarily to Markforged, which contributed $17.1 million. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% Will Stratasys Continue to be a Runaway Bride? Excluding Markforged, Brenton said Nano Dimension’s standalone revenue was $12.6 million, down about 12% year over year, “primarily due to reduced sales driven by increased tariffs and the impact of divestments.” Gross profit was $13.6 million, with adjusted gross margin of about 45.9%, compared with $6.2 million and 43.3% a year earlier. Brenton said the margin improvement reflected “the impact of divestments and product mix,” though he noted gross profit declined sequentially from the fourth quarter due to “normal quarterly variability and product mix.” → Light Speed Returns: Corning Cashes In on NVIDIA Growth Nano Dimension Prints Growth: Enters Hypergrowth Phase Brenton reported operating expenses of $26.1 million, up about 60% from $16.3 million in the prior-year quarter, primarily due to the inclusion of Markforged. He said the increase was “partially offset by cost efficiencies from organizational synergies.” On a standalone basis, Brenton said operating expenses declined about 22% year over year, citing divestments and “disciplined cost management.” He also highlighted sequential improvement: operating expenses fell more than 4% from $27.3 million in the fourth quarter of 2025 and were down about 20% versus what he described as a previously identified baseline of about $32.5 million (second-quarter operating expenses adjusted to include a full quarter of Markforged). → Years in the Making, AMD’s Upside Movement Has Just Begun Adjusted EBITDA for the quarter was a loss of $12.5 million, compared with a loss of $10.1 million in the first quarter of 2025 and a loss of $9.8 million in the fourth quarter of 2025. Brenton said the change reflected Markforged’s inclusion and lower standalone revenue affected by tariffs and divestments, “partially offset by gross margin performance and continued cost discipline.” Brenton said the company’s financial position remained “exceptionally strong.” As of March 31, 2026, total cash, cash equivalents, deposits, restricted deposits, and marketable equity securities were about $441.6 million, down from $459.6 million at the end of the prior quarter. He said the approximately $18 million change included $8.4 million related to fair value changes in marketable equity securities, with the remaining $9.6 million “primarily” reflecting lower sequential operating cash burn. Brenton added that operating cash burn has continued to trend down since the third quarter of 2025, driven by expense management and cost reduction actions. CEO Dave Stehlin said first-quarter results were in line with typical seasonality, noting the first quarter is historically the company’s lightest period following a strong fourth quarter. He said Nano Dimension’s two largest product lines—Markforged’s Fused Filament Fabrication (FFF) and Essemtec’s Surface Mount Technology (SMT)—each delivered “solid revenue performances.” Stehlin pointed to “healthy” underlying demand trends and customer engagement. In the FFF business, he said the company secured “a significant expansion with a major U.S.-based automotive manufacturer,” involving deployment of multiple systems across several sites, and said he expects further expansion over time. He also said the company is seeing growth in defense-related opportunities “across multiple applications and multiple regions,” with expectations that the segment will expand through the year. On Essemtec, Stehlin said the SMT product line had a solid start and that momentum is expected to build. He cited electronics and AI-related manufacturing engagements, including with “leading global electronic manufacturing services companies serving large-scale customers,” and said the company is also seeing deployment expansion with “leading space and satellite companies.” Stehlin then detailed a three-phase strategic plan that he said is operating in parallel: Phase 1: Streamlining remaining product lines and reducing operating costs while preserving growth potential. Stehlin said the company began seeing a significant reduction in cash burn in the fourth quarter of 2025, with the trend continuing into 2026. Phase 2: Monetization of product lines. Stehlin said the company, with support from Guggenheim Securities, is evaluating alternatives to monetize operating product lines. He said the sale of the AME and Fabrica product lines closed on April 6 and “is expected to reduce annualized cash burn by approximately $10 million,” while including both upfront and performance-based deferred consideration. Stehlin also said the company is “close to announcing the sale of another product line” and is in the regulatory approval phase. Phase 3: Evaluating go-forward alternatives, which Stehlin said may include “a strategic merger, a reverse merger, or other strategic transactions.” He said the board and management have been working with Houlihan Lokey, reviewed more than 12 opportunities, and narrowed the list to a short group of potential partners. Stehlin also disclosed that, as part of the strategic alternatives review process, Nano Dimension identified factors that prompted a goodwill impairment review for the Markforged FFF product line. He said the company determined that the full goodwill balance associated with Markforged, totaling $40.4 million, was impaired as of quarter end, calling it “a non-cash adjustment” that does not impact liquidity or execution of the plan. Brenton said the company is withdrawing full-year financial guidance “given our ongoing execution of our defined strategic plan and the potential for additional significant changes across the business.” He said the decision reflects a range of outcomes under evaluation, including the timing and scope of potential monetization actions that could materially affect future results. During the question-and-answer session, Moshe Sarfaty of Murchinson challenged management’s “excited” framing of potential transactions and expressed concern that shareholders could view the company as operating like a SPAC. Management responded that Nano Dimension is “absolutely not a SPAC,” pointing to the company’s operating assets and describing the strategy as seeking partners to create additional value. Sarfaty also questioned the economics of the AME sale, noting the upfront consideration of $2 million and arguing the process took months while the company continued to burn cash. Management responded that the deal includes potential upside: Stehlin said the contract provides “upside potential of up to $10.5 million” beyond the upfront payment, though he said the company was not at a point to provide additional color on that deferred component. Management also declined to comment on how the buyer was sourced, while saying there was “a lot of dialogue back and forth” and that bankers were involved. In closing remarks, Stehlin reiterated that the company is at “a very significant inflection point” and said Nano Dimension will share more information as Phase 3 options become firmer. Nano Dimension Ltd. (NASDAQ: NNDM) is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations. In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers. The article "Nano Dimension Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

Recent Strategic Actions Expected to Reduce Annualized Cash Burn by Approximately $10 million Company Executing Three Phase Plan to Maximize Shareholder Value in 2026 and Beyond Full Year 2026 Guidance Suspended as Strategic Alternatives Process Accelerates WALTHAM, Mass., May 07, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leader in digital manufacturing solutions, today announced financial results for the first quarter ended March 31, 2026. First Quarter 2026 Results: Revenue: $29.7 million, a 106% increase from $14.4 million year-over-year Gross Margin (“GM”): 40.8%, up from 40.6% year-over-year Adjusted Gross Margin (“Adjusted GM”): 45.9%, up from 43.3% year-over-year Adjusted EBITDA loss: $12.5 million, up from a loss of $10.1 million year-over-year Net Loss: $69.7 million, inclusive of $40.4 million of impairment, up from a loss of $25.5 million year-over-year Total cash, cash equivalents, deposits, restricted deposits and marketable equity securities: $441.6 million as of March 31, 2026, down from $459.6 million as of December 31, 2025. Adjusted EBITDA and Adjusted Gross Margin are non-GAAP financial measures. More information, including a reconciliation of Adjusted EBITDA and Adjusted Gross Margin to the most directly comparable GAAP financial measure can be found below in this press release under “Non-GAAP Financial Measures” and “Reconciliation of US GAAP to Non-GAAP Measures.” Recent Developments: Three Phase Strategic Plan Execution: The Company is executing a defined three phase plan to maximize shareholder value in 2026 and beyond, with each phase already underway. Phase One is focused on streamlining operations and reducing cash burn through efficiency initiatives and disciplined cost management. Phase Two is centered on monetization of product lines to simplify the business and strengthen the balance sheet, including the announced sale of its additively manufactured electronics (“AME”) and Fabrica product lines. Phase Three is focused on evaluating strategic alternatives to maximize long term shareholder value and selecting the most compelling path forward, which remains under review. David Stehlin, Chief Executive Officer, commented, “The three phases of our strategic plan continue to advance in parallel as we accelerate toward increasing shareholder value. We are streamlining operations, monetizing our product lines, and progressing toward potentially selecting a compelling opportunity in the coming months. We have completed the sale of our AME and Fabrica product lines and expect to announce additional product line monetization in the coming weeks. Together, these actions are expected to reduce complexity, lower annualized cash burn, and further strengthen our financial flexibility. Phase 3 is advancing quickly. After receiving numerous inbound opportunities, we have significantly narrowed our focus and are now reviewing a short list of highly attractive strategic alternatives, which we believe have the potential to deliver significant long term value creation in 2026 and beyond.” Sale of AME and Fabrica Product Lines: On April 6, 2026, Nano Dimension announced the sale of its AME product line and its previously discontinued Fabrica product lines to Inspira Technologies OXY B.H.N. Ltd. for total consideration of up to $12.5 million, including a $2.0 million upfront cash payment and up to $10.5 million in performance-based deferred payments over the next twelve months. This transaction supports the Company’s efforts to streamline operations and lower its cost structure. The Company expects this transaction to reduce annualized cash burn by approximately $10 million. 2026 Financial Guidance Update Given the Company’s ongoing actions under its defined strategic plan and the potential for additional changes across the business, the Company has suspended its full year 2026 financial guidance at this time. This decision reflects the range of outcomes currently being implemented and evaluated, including the timing and scope of potential monetization actions that could materially impact future results. Conference Call Today Nano Dimension will host a conference call today at 4:30 p.m. ET to discuss its financial results for the first quarter ended March 31, 2026. Participants can pre-register for the conference call in order to receive dial in information via this link: https://dpregister.com/sreg/10208731/103e987e1a7 Participants can also dial-in/connect by following the below: Listen in via U.S. dial-in: 1-844-695-5517 Listen via international dial-in: 1-412-902-6751 Listen via Israel toll free: 1-80-9212373 Listen via webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ZaodVpNh For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at https://investors.nano-di.com/events-and-presentations. About Nano Dimension Ltd. Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit https://www.nano-di.com/. Non-GAAP Financial Measures EBITDA is a non-GAAP measure and is defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization. We believe that EBITDA should be useful in evaluating the performance of our business and operations. EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting interest expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively) and EBITDA is useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to the items mentioned above. Adjusted EBITDA and operating expenses are non-GAAP measures and are defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization, share-based compensation expense, exchange rate differences, finance expenses (income) for revaluation of assets and liabilities, Desktop Metal litigation related expenses, Desktop Metal and Markforged transaction related expenses, restructuring costs, impact of deconsolidation, impairment losses, litigation settlements and step-up amortization from purchase accounting. We believe that Adjusted EBITDA and operating expenses, as described above, should also be useful in evaluating the performance of our business. Like EBITDA, Adjusted EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting other financial expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively), as well as from share-based payments, restructuring costs, impairment losses, and step-up amortization from purchase accounting. Adjusted EBITDA and operating expenses are useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to non-cash items, such as expenses related to share-based payments. Adjusted gross profit, excluding depreciation and amortization, share-based compensation expenses, and step-up amortization from purchase accounting, is a non-GAAP measure. We believe that adjusted gross profit, as described above, should also be useful in evaluating the performance of our business. Adjusted gross profit facilitates gross profit and gross margin comparisons from period to period and company to company by backing out potential differences caused by variations in amortization of inventory and intangible assets. Adjusted gross profit is useful to an investor in evaluating our performance because it enables investors, securities analysts and other interested parties to measure a company’s performance without regard to non-cash items, such as amortization expenses. Adjusted gross margin is calculated by dividing the adjusted gross profit by the revenues. EBITDA and Adjusted EBITDA, Adjusted gross profit and non-GAAP operating expenses can be useful in evaluating our performance by eliminating the effect of financing and non-cash expenses such as share-based payments, however, we may incur such expenses in the future, which could impact future results. In addition, other companies, including companies in our industry, may calculate non-GAAP metrics differently or not at all, which may reduce the usefulness of this measure as a tool for comparison. Nano Dimension does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain significant items. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results for the relevant period. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding Nano’s future growth, strategic plan and value to shareholders; the Company’s expectation that the phases of the strategic plan will increase shareholder value, streamline operations, monetize product lines and progress toward potentially selecting a compelling opportunity; the Company’s expectations that it will announce additional product line monetization in the coming weeks; the Company’s expectations in the success of future strategic alternatives in reducing complexity, lowering annualized cash burn, strengthening the Company’s financial flexibility and delivering significant long term value creation in 2026 and beyond; and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2026, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano 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 communication. Contacts: Investors: Purva Sanariya Director, Investor Relations [email protected] Media: Samuel Manning Principal Manager, External Communications [email protected]

Image source: The Motley Fool. Thursday, May 7, 2026 at 4:30 p.m. ET Chief Executive Officer — David Stehlin Chief Financial Officer — John Brenton Director of Investor Relations — Purva Sanariya Need a quote from a Motley Fool analyst? Email [email protected] Operator: Good afternoon everyone and welcome to the Nano Dimension Ltd. First Quarter 2026 Financial Results Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. To withdraw your questions, you may press star and two. Please also note today's event is being recorded. At this time, I would like to turn the floor over to Purva Sanariya, Director of Investor Relations. Please go ahead. Purva Sanariya: Thank you, and good afternoon, everyone. Welcome to Nano Dimension Ltd.'s first quarter 2026 earnings conference call. Joining me today is our CEO, David Stehlin, and our CFO, John Brenton. Before we begin, I will remind you that certain information provided on this call may contain forward-looking statements within the meaning of federal securities law. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. The Safe Harbor statement outlined in today's earnings press release also pertains to statements made on this call. For a discussion of these risks and uncertainties, please refer to our filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements except as required by law. In addition, I would like to point out that we will be discussing non-GAAP results which exclude certain items and reflect the results of continuing operations. We use non-GAAP measures because we believe they provide useful information about our operating performance that should be considered by investors in conjunction with the GAAP measures that we provide. I encourage you to review the reconciliation of these non-GAAP measures to their most comparable GAAP measures, which can be found in the press release available on the company's website. If you have not received a copy of the press release, please view it in the Investor Relations section of the company's website. A replay of today's call will also be available on the Investor Relations section of the company's website. With that, I will turn the call over to David. David Stehlin: Thank you, Purva, and good afternoon, everyone. We appreciate you joining us today. I want to start by making as clear as possible what our strategic plan is and where we are in our process. We are now at a very clear inflection point, and today I will walk through what we have already accomplished, what is currently underway, and what to expect going forward. I will also take you through our three-phase strategic plan in detail and provide an update on each phase. Before that, I will begin with an overview of our performance in Q1. In the first quarter, our two largest product lines—Fused Filament Fabrication, or FFF, which represents the largest component of Markforged, and SMTech's surface mount technology, or SMT, product line—each delivered solid revenue performances. Results were in line with typical seasonal patterns, where the first quarter is historically our lightest period following a strong fourth quarter. Underlying demand trends remain healthy, with continued expansion across key industry segments and strong customer engagement. In our FFF business, we secured a significant expansion with a major U.S.-based automotive manufacturer. The deployment of multiple systems across several sites reflects the growing adoption of our solutions in production-oriented environments, and we expect further expansion over time. We also continue to see growth in defense-related opportunities across multiple applications and multiple regions, and we expect this segment to further expand throughout this year. Additionally, the SMTech SMT product line had a solid start to the year, and we expect momentum to continue to build throughout the year. The combination of our PCB placement accuracy and flexibility, speed, and high-quality engineering is winning exciting and significant new business in electronics and AI-related manufacturing, including engagements with leading global electronic manufacturing services companies serving large-scale customers. We are also seeing continued expansion in the deployment of our SMTech solutions with leading space and satellite companies, reinforcing the applicability of our technologies in highly complex, mission-critical environments. More broadly, we continue to see strong traction across industrial production environments, including repeat orders and expansion with global customers operating at scale. These trends reflect a broader shift across industries where customers are increasingly prioritizing supply chain resilience, production flexibility, and cost efficiency—areas where our technologies are well positioned. Overall, we remain confident that each of these product lines is positioned to deliver solid performances in 2026. Now turning to our three-phase strategic plan. These phases are operating in parallel, not in series, and reflect significant actions underway across the company. Nano Dimension Ltd. today is a set of product lines built over time through acquisitions completed by prior management teams and overseen by prior boards, all within the broader digital manufacturing ecosystem. This includes both additive manufacturing, or 3D printing, technologies, as well as electronics manufacturing technologies such as surface mount technology. Our products support some of the most advanced and fastest growing industries, and we have an expanding base of success with companies and governments around the world. At the same time, the board concluded that while these product lines have strong technologies and excellent teams, the ability to fully integrate them and get strong synergies and cost reductions would be highly challenging, require significant capital investment, and introduce unnecessary execution risk. As a result, we initiated the previously described strategic alternatives review process in Q3 of last year to determine how to focus on certain product lines, reduce cash burn, and maximize long-term shareholder value. Earlier last year, we divested out of certain product lines, and as we started phase one in 2025, we then focused on streamlining the remaining product lines, reducing operating costs while preserving growth potential and not impairing long-term value creation. We began to see a significant reduction in cash burn in 2025, and that trend has continued into 2026. As discussed in our previous updates, we have taken meaningful actions to reduce costs, and that discipline continues. John will speak to the details, but the overall trend in operating expenses and cash burn remains favorable. Phase two has been underway for a few months now and includes an aggressive and detailed evaluation of our remaining operating product lines. With the support of Guggenheim Securities—one of our two previously announced investment banking relationships—we are presenting the board with alternatives to support the monetization of our product lines. Our first completed transaction was the sale of the AME and Fabrica product lines, which closed on April 6, just a month ago. This transaction reduces complexity, improves focus, and lowers our cost structure. It also includes both upfront and performance-based deferred considerations, allowing us to participate in potential upside under new ownership. Importantly, this step is expected to reduce annualized cash burn by approximately $10 million while strengthening our liquidity position. As part of our ongoing strategic alternatives review process, in Q1 of this year, we identified factors that required us to perform a goodwill impairment review for the Markforged FFF product line. As a result, we determined that the full goodwill balance associated with Markforged, totaling $40.4 million, was impaired as of quarter end. This is a non-cash adjustment and does not impact our liquidity or execution of the plan. We are close to announcing the sale of another product line and are in the regulatory phase of approval. We expect to have more information on this in the coming weeks. We are also actively pursuing the right opportunities for each of our other product lines and expect continued progress toward our objectives in the coming weeks and months. I previously mentioned that the three phases of our plan are operating in parallel, and phase three is focused on maximizing long-term value in 2026 and beyond. The board and management have been working with Houlihan Lokey to evaluate and refine a focused set of go-forward alternatives, which may include, but not be limited to, a strategic merger, a reverse merger, or other strategic transactions. Our financial resources and public company platform create a compelling opportunity to pursue alternatives that could unlock value that better reflects our underlying balance sheet while also delivering significant long-term upside. Over the past few months, we have been pleased to review a significant number of interesting opportunities and potential partners and have narrowed the list. We are deep in the review process of this narrowed-down and short list of exciting opportunities, and we will present more details to our shareholders as our plan becomes firm. Again, each of these three phases of our plan are continuing forward: streamlining operations and cash burn reduction, product line monetization, and go-forward alternative selection—and they are moving forward at a rapid pace. We expect to provide additional updates and announcements over the next few months as execution continues. In closing, I hope that you can now more clearly see the steps in our three-phase strategic plan initiated by this board in late Q3 of last year, the measurable and positive results we are seeing, and the potential for exciting opportunities in the near future. With that, I will turn the call over to John to review our financial results and provide an update on guidance. John Brenton: Thank you, David. It is a pleasure to be here with you all today. Unless stated otherwise, all numbers I will be discussing today are on a non-GAAP basis and reflect continuing operations. Revenue for the first quarter was $29.7 million, representing approximately 106% year-over-year growth compared to $14.4 million in 2025. This increase was driven primarily by the inclusion of Markforged, which contributed $17.1 million. Excluding Markforged, Nano Dimension Ltd. standalone revenue was $12.6 million, lower year over year by approximately 12%, primarily due to reduced sales driven by increased tariffs and the impact of divestments. Gross profit for the quarter was $13.6 million, with an adjusted gross margin of approximately 45.9%, compared to $6.2 million and 43.3% in the prior year period. The improvement reflects the impact of divestments and product mix. Sequentially, gross profit decreased from the fourth quarter, reflecting normal quarterly variability and product mix. Operating expenses for the quarter were $26.1 million, representing a year-over-year increase of approximately 60% from $16.3 million in 2025, primarily due to the inclusion of Markforged, partially offset by cost efficiencies from organizational synergies. On a standalone basis, Nano Dimension Ltd.'s operating expenses declined approximately 22% year over year, reflecting the benefits of divestments and disciplined cost management. On a sequential basis, operating expenses for the first quarter declined by over 4% from $27.3 million in the fourth quarter, and approximately 20% relative to the previously identified baseline of approximately $32.5 million, which reflects second-quarter operating expenses adjusted to include a full quarter of Markforged. This decrease reflects continued execution on cost discipline and operational streamlining across the organization. Adjusted EBITDA for the quarter was a loss of $12.5 million, compared to a loss of $10.1 million in 2025 and a loss of $9.8 million in 2025. The change reflects the inclusion of Markforged and lower standalone revenue impacted by tariffs and divestments, partially offset by gross margin performance and continued cost discipline. Turning to the balance sheet, our financial position remains exceptionally strong. As of 03/31/2026, total cash, cash equivalents, deposits, restricted deposits, and marketable equity securities were approximately $441.6 million, compared to $459.6 million at the end of the prior quarter. This change of approximately $18 million includes $8.4 million related to changes in the fair value of marketable equity securities. The remaining change of $9.6 million primarily reflects lower sequential operating cash burn. Operating cash burn has continued to trend down since 2025, driven by disciplined expense management and cost reduction actions taken across the business. We continue to maintain a strong liquidity position, which provides flexibility as we execute through our defined strategic plan. Turning to guidance, given our ongoing execution of our defined strategic plan, and the potential for additional significant changes across the business, we have decided to withdraw our full-year financial guidance at this time. This decision reflects the range of outcomes we are currently evaluating, including the timing and scope of potential monetization actions that could materially impact future financial results. With that, I will now hand it back to David. David Stehlin: Thank you, John. As you can now see, we are executing on all phases of our plan to strengthen Nano Dimension Ltd. and position the company for near- and long-term value creation. We will now open the call for questions. With that, operator, please open the line for questions. Operator: Ladies and gentlemen, at this time, we will begin the question-and-answer session. To ask a question, you may press star and then one using a touch-tone telephone. To withdraw your questions, you may press star and two. If you are using a speakerphone, we do ask that you please pick up the handset prior to pressing the keys to ensure the best sound quality. Again, that is star and then one to join the question queue. We will pause momentarily to assemble the roster. And our first question today comes from Mosag Sofardi from Mirthasen. Please go ahead with your question. Analyst: Hi, good afternoon. David, I want to refer to what you talked about—strategic review process, the third part of it. You said not limited to reverse merger, etcetera. And I do not know if you noticed how many times you repeated the terms “excited” and “exciting.” But I do not know how excited and exciting it is for Nano Dimension Ltd. shareholders to hear about more and more mergers done by this company. We have been burned so many times that I do not think it is very exciting to Nano Dimension Ltd. shareholders. Can you comment on that? David Stehlin: Yes, Moshe, so as you know, since the September time frame, we have engaged with our two different banks, and now you can see that they have different roles. And Houlihan Lokey has been focused on bringing us interesting partner opportunities. I mentioned that we have looked at a large number—and that is more than a dozen—different opportunities, and we have since narrowed that down. And I think when we get to the point where we make a decision—and we are not that far away—and are ready to share it with shareholders, you will see that the upside potential, should we go down that path, is going to be very interesting for the shareholders and a situation that will create value, we hope, well above the value of our balance sheet. So that is the target. We know we have a balance sheet that is strong. We have a public entity that is also of value, and we are finding very interesting candidates that might be go-forward candidates to help us take advantage of that in 2026 and beyond. Analyst: Yes. Well, again, the “exciting” language is word for word what we heard from your Stern in the past. And also when I try to parse what you just said, that Nano Dimension Ltd. has a strong balance sheet and then a public entity—that means that you treat Nano Dimension Ltd. as a SPAC. That is how it sounds to us on this side. I have to tell you because that is what the SPAC is, a public entity with nothing but a balance sheet. David Stehlin: We understand what a SPAC is, and we are absolutely not a SPAC. What we are saying—because we obviously already have a number of different operating assets—is we are finding ways to look for potential partners to create additional value. Analyst: Well, I hope you will hear the shareholders loud and clear when you bring it to them for a vote. I want to move for a second to the other part of the strategic review process, the asset sale. And the only asset sale so far—I mean, you alluded to another one coming very soon—but the only one was the sale of the legacy business, the AME. And you sold it in April for $2 million. And you said that sale will reduce cash burn by $10 million on an annual basis. So the way we do the numbers, if you started the review, started looking to sell this business in September, and you sold it in April, it took you seven months. During those seven months, you burned almost $6 million, and you burned $6 million, and you sold this business for $2 million. That math does not make any sense. Why keep a business alive if you cannot fetch at least something that breaks even? David Stehlin: It is a good question, and as we also said, we have upside potential of another $10.5 million beyond the $2 million that was paid upfront. Analyst: Right. But we are amounting—can you give us any color on that so-called upside potential? David Stehlin: We are not at a point to give any color at this stage, but things are progressing in the right direction, and as I said, the business has already been sold; it has been closed. And the way that the contract is written will allow us to get upside potential of up to $10.5 million. Analyst: Okay. Can you comment who found this buyer? I am asking that because you employ an investment bank—that is its job—but we noticed that the buyer of that business was actually a Nano Dimension Ltd. founder. Did he or his company approach Nano Dimension Ltd., or did the bankers find him? David Stehlin: We are not going to comment on that, and there was a lot of dialogue back and forth and, obviously, the bankers were involved. Analyst: I know. I am sure they were involved. What I am asking—they were supposed to find the buyers. Right? So what I am trying to start the conversation here is about the value that those bankers deliver to Nano Dimension Ltd. shareholders. David Stehlin: We understand, and the bankers—both on the Guggenheim side for the monetization and the Houlihan side on the go-forward opportunities—were hired to bring us alternatives and options and help us through the process. And both are doing that. They have, as I mentioned, very different jobs, but both are doing that. Operator: To withdraw your questions, you may press star and two. Again, that is star and then one to join the question queue. And in showing no additional questions, I would like to turn the floor back over to David for closing remarks. David Stehlin: Thank you very much, and we really appreciate everyone being with us today. This is, as we described, a very significant inflection point for this business—for Nano Dimension Ltd. There is a lot going on. We are very excited, and I know I have mentioned that a few times, but we are very excited about our go-forward options in phase three. Our strategic plan is one that took a long deliberation to work through. As I mentioned, each of the phases has been operating in parallel, not in series. So that allows us to move more quickly to reach out across a wide dimension and understand all the various opportunities we have. And we will share more information with you as our strategic plan continues to advance and some of these phase three options become more firm. Thank you for your interest today, and goodbye. Operator: And with that, ladies and gentlemen, we will conclude today's conference call and presentation. We do thank you for joining. You may now disconnect your lines. Before you buy stock in Nano Dimension, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nano Dimension wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $476,034!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,274,109!* Now, it’s worth noting Stock Advisor’s total average return is 974% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 7, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Nano Dimension (NNDM) Q4 2025 Earnings Transcript was originally published by The Motley Fool

Full-Year 2025 revenue of $102.4 million, a 77.3% increase over the prior-year period Company Continues to Drive Meaningful Cost Reductions Company Issues Full Year 2026 Financial Guidance Strategic Alternatives Review Advancing with Clear Path Forward Expected in Q2 WALTHAM, Mass., March 31, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leader in digital manufacturing solutions, today announced financial results for the fourth quarter and full year ended December 31, 2025. The consolidated results incorporate the financial position and performance of Markforged Holding Corporation (“Markforged”) from the acquisition date of April 25, 2025. Desktop Metal, Inc. (“Desktop Metal”) was acquired by the Company on April 2, 2025. The results of Desktop Metal from April 2, 2025 through July 28, 2025 as well as impairment charges related to the Desktop Metal assets and the costs associated with the bankruptcy and deconsolidation are included in Discontinued Operations on the Consolidated Statement of Operations. Fourth Quarter 2025 Results: Revenue: $35.3 million, a 142.4% increase from $14.6 million year-over-year Gross Margin (“GM”): 37.7%, up from 32.9% year-over-year Adjusted Gross Margin (“Adjusted GM”): 49.7%, up from 36.3% year-over-year Adjusted EBITDA loss: $9.8 million, down from a loss of $18.9 million year-over-year Net Loss from Continuing Operations: $33.9 million, up from a loss of $9.3 million year-over-year Total cash, cash equivalents, deposits and marketable equity securities: $459.6 million as of December 31, 2025, down from $515.5 million as of September 30, 2025. This change of approximately $55.9 million includes $19.8 million of cash used for share repurchases during the quarter and $24.4 million related to changes in the fair value of marketable equity securities. Full Year 2025 Results: Revenue: $102.4 million, a 77.3% increase from $57.8 million year-over-year GM: 33.5%, down from 43.1% year-over-year Adjusted GM: 46.9%, up from 45.4% year-over-year Adjusted EBITDA loss: $53.2 million, down from a loss of $63.6 million year-over-year Net Loss from Continuing Operations: $100.4 million, up from a loss of $99.9 million year-over-year More information, including a reconciliation of Adjusted EBITDA and Adjusted Gross Margin to the most directly comparable GAAP financial measure can be found below in this press release under “Non-GAAP Financial Measures” and “Reconciliation of US GAAP to Non-GAAP Measures.” David Stehlin, Chief Executive Officer, commented, “We delivered a strong finish to 2025, exceeding our fourth-quarter top and bottom line financial guidance. As we move through 2026, we are building on this momentum by continuing to drive operational discipline, reduce our cost structure and lower cash burn across the business. Our focus remains on executing these actions to create value for our shareholders.” Recent Developments Operating Discipline and Cost Savings: During 2025, the Company made meaningful progress driving cost savings by streamlining operations and focusing resources on priority industry segments and products. Non-GAAP operating expenses* declined sequentially in the fourth quarter to $27.3 million, representing a reduction of more than 16% relative to the previously identified baseline of approximately $32.5 million, which reflects second quarter 2025 operating expenses adjusted to include a full quarter of Markforged. This reduction highlights the substantial execution of the Company’s previously announced cost reduction initiatives, with the full benefits expected to be realized in early 2026. The Company continues to evaluate additional opportunities to enhance operational performance and believes these initiatives position it to drive improved operating leverage over time. Re-domestication and U.S. Reporting Transition: Effective January 1, 2026, Nano Dimension began reporting as a U.S. domestic issuer. The Company filed its Form 10-K today and anticipates completing the re-domestication process in the first half of 2026, subject to customary approvals. This transition aligns the Company’s reporting and governance framework with U.S. market standards while enhancing transparency for shareholders. Share Repurchases and Capital Allocation: During 2025, the Company remained disciplined in capital allocation while preserving balance sheet strength and strategic flexibility. In the fourth quarter, the Company repurchased approximately 10.9 million shares for approximately $19.2 million under its existing $150 million authorization. Given the ongoing strategic alternatives review process, the Board is carefully evaluating capital deployment priorities and will not be providing forward-looking updates regarding repurchase activity at this time. Strategic Alternatives Review: The Board, with the support of Guggenheim Securities, LLC and Houlihan Lokey, has conducted a thorough and disciplined review of strategic alternatives, evaluating product lines, core technologies, market dynamics and competitive positioning. The Company has made meaningful progress, including reducing losses and improving its product portfolio, while recognizing that a gap remains to achieving sustained profitability. Nano Dimension expects to announce a series of actions in the second quarter of 2026 to clearly define its path forward to maximizing shareholder value. * More information, including a reconciliation of non-GAAP operating expenses to the most directly comparable GAAP financial measure can be found below in this press release under “Non-GAAP Financial Measures” and “Reconciliation of US GAAP to Non-GAAP Measures.” 2026 Financial Guidance Following improved visibility exiting 2025 and continued integration of Markforged, the Company is implementing annual financial guidance beginning in 2026 to better reflect the mix of recurring revenue and larger strategic orders that can create quarterly variability. For the full year 2026, the Company anticipates revenue in the range of $130 million to $140 million, non-GAAP gross margin of 46% to 48%, non-GAAP operating expenses of $106 million to $111 million and Adjusted EBITDA loss in the range of $40 million to $50 million. Non-GAAP gross margin, non-GAAP operating expenses and Adjusted EBITDA represent non-GAAP financial measures. Additional information can be found below in this press release under “Non-GAAP Financial Measures.” Conference Call Today Nano Dimension will host a conference call today at 4:30 p.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2025. Participants can pre-register for the conference call in order to receive dial in information via this link: https://dpregister.com/sreg/10206850/10359dca11a Participants can also dial-in/connect by following the below: Listen in via U.S. dial-in: 1-844-695-5517 Listen via international dial-in: 1-412-902-6751 Listen via Israel toll free: 1-80-9212373 Listen via webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=1YPvoqSL For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at https://investors.nano-di.com/events-and-presentations. About Nano Dimension Ltd. Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit https://www.nano-di.com/. Non-GAAP Financial Measures EBITDA is a non-GAAP measure and is defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization. We believe that EBITDA should be useful in evaluating the performance of our business and operations. EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting interest expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively) and EBITDA is useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to the items mentioned above. Adjusted EBITDA and operating expenses are non-GAAP measures and are defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization, share-based compensation expense, exchange rate differences, finance expenses (income) for revaluation of assets and liabilities, Desktop Metal litigation related expenses, Desktop Metal and Markforged transaction related expenses, restructuring costs, impact of deconsolidation, impairment losses, litigation settlements and step-up amortization from purchase accounting. We believe that Adjusted EBITDA and operating expenses, as described above, should also be useful in evaluating the performance of our business. Like EBITDA, Adjusted EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting other financial expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively), as well as from share-based payments, restructuring costs, impairment losses, and step-up amortization from purchase accounting. Adjusted EBITDA and operating expenses are useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to non-cash items, such as expenses related to share-based payments. Adjusted gross profit, excluding depreciation and amortization, share-based compensation expenses, and step-up amortization from purchase accounting, is a non-GAAP measure. We believe that adjusted gross profit, as described above, should also be useful in evaluating the performance of our business. Adjusted gross profit facilitates gross profit and gross margin comparisons from period to period and company to company by backing out potential differences caused by variations in amortization of inventory and intangible assets. Adjusted gross profit is useful to an investor in evaluating our performance because it enables investors, securities analysts and other interested parties to measure a company’s performance without regard to non-cash items, such as amortization expenses. Adjusted gross margin is calculated by dividing the adjusted gross profit by the revenues. EBITDA and Adjusted EBITDA, Adjusted gross profit and non-GAAP operating expenses can be useful in evaluating our performance by eliminating the effect of financing and non-cash expenses such as share-based payments, however, we may incur such expenses in the future, which could impact future results. In addition, other companies, including companies in our industry, may calculate non-GAAP metrics differently or not at all, which may reduce the usefulness of this measure as a tool for comparison. Nano Dimension does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain significant items. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results for the relevant period. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano’s future growth, strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano 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 communication. Contacts: Investors: Purva Sanariya Director, Investor Relations [email protected] Media: Samuel Manning Principal Manager, External Communications [email protected] (1) The results for the year ended December 31, 2025 include the consolidation of Markforged revenue of $54.3 million, gross profit of $13.3 million, and GAAP net loss of $30.0 million.

Nano Dimension said H2 2025 cost cuts, a narrower strategic focus on “forward-leaning industries,” and stronger customer engagement helped it exceed Q4 expectations and drove broader adoption of industrial platforms (X7, FX10/FX20) across defense, aerospace, automotive and advanced electronics; management repurchased more than 14.4 million shares believing the stock was undervalued. Financially, the company reported Q4 revenue of $35.3 million (up ~142% YoY) largely due to Markforged’s $20.7 million contribution, with standalone Nano Dimension revenue roughly in line with last year; gross profit and adjusted margins improved and adjusted EBITDA loss narrowed to $9.8 million, while cash and equivalents stood at about $459.6 million at year-end. For 2026 management guided to $130–140 million revenue, 46–48% non‑GAAP gross margin, $106–111 million non‑GAAP operating expenses and an adjusted EBITDA loss of $40–50 million; the company also completed U.S. domestic reporting/redomestication steps, disclosed a material weakness in controls (no restatements expected), and is conducting a strategic-review with announcements expected in Q2 while pausing forward commentary on further buybacks. Interested in Nano Dimension Ltd.? Here are five stocks we like better. Stratasys Remains the Belle of the 3D Printing Ball Nano Dimension (NASDAQ:NNDM) executives said actions taken in the second half of 2025—streamlining operations, reducing cash burn, and narrowing strategic focus—helped the company exceed its fourth-quarter expectations and set the stage for 2026. On the company’s fourth-quarter and full-year 2025 earnings call, CEO David Stehlin and CFO John Brenton pointed to improving execution, stronger engagement with strategic customers, and continued cost discipline as key themes heading into the new year. Stehlin said the company sharpened its focus around “forward-leaning industries” and technology areas with the “strongest long-term opportunities,” adding that Nano Dimension began providing financial guidance “for the first time in recent history” and exceeded its fourth-quarter expectations. He also said the company repurchased more than 14.4 million shares in the last three and a half months of 2025 because management believed the stock was undervalued. → HP Inc. Stock Is Historically Cheap, but Can AI Change the Story? Will Stratasys Continue to be a Runaway Bride? In the fourth quarter, Stehlin described momentum as “generally broad-based,” citing strength across advanced electronics, aerospace, automotive, defense, food and beverage, and next-generation computing infrastructure. He said customers in these segments are prioritizing faster production cycles, supply chain resilience, cost efficiency, and flexibility. Stehlin acknowledged challenges earlier in the year, noting that the second quarter was difficult and included “the subsequent bankruptcy of one of the two acquisitions completed during that period.” He said management responded in the second half by narrowing focus and strengthening its position in “production-oriented additive and digital manufacturing applications.” → Valero's Rally: Why This Refiner Is Built to Last Nano Dimension Prints Growth: Enters Hypergrowth Phase Stehlin highlighted momentum in the company’s composite and metal manufacturing platform, particularly in defense-related applications where customers require “secure, repeatable, and traceable production, not simply prototyping capability.” He said Nano Dimension expanded deployments of X7, FX10, and FX20 systems with defense programs and research institutions during 2025. He added that in some cases FX20 platforms were incorporated into “field-deployed manufacturing systems supporting U.S. and allied operations in Europe,” enabling localized production of spare parts in constrained environments. → Surprising Beneficiaries of High Gas Prices: BJs and Costco Stehlin also emphasized adoption of the FX10 platform, which he described as “the world’s first industrial system capable of producing both high-performance composite and metal parts within the same platform.” He said the dual-material capability is driving interest across aerospace, defense, and advanced industrial segments. On partnerships, Stehlin said Nano Dimension expanded its partnership with Phillips Corporation to strengthen customer support and accelerate adoption of its industrial additive manufacturing platform across the Southeast United States, with an emphasis on access to hardware, materials, and the Eiger software platform, along with application engineering and faster technical support. Stehlin also pointed to the SMT business as a “meaningful and growing contributor” in the fourth quarter and full year 2025. He said the unit expanded relationships with tier-one customers across regions, driven by applications tied to advanced communications, advanced electronics, automotive, and defense. He highlighted product innovation in jetting and dispensing technologies and referenced platforms including the FOX Ultra All-in-One and PUMA Ultra Systems. He also cited collaborations with Inventec, Performance Chemicals, and other fluidic developers aimed at enhancing high-speed solder paste jetting and dispensing capabilities. Brenton said all figures discussed were on a non-GAAP basis and reflected continuing operations. He noted the fourth quarter was the second full quarter of Markforged being included in consolidated results, while Desktop Metal was excluded from non-GAAP results as discontinued operations following its Chapter 11 filing and deconsolidation during the third quarter of 2025. Fourth-quarter revenue: $35.3 million, up about 142% year over year from $14.6 million. Brenton attributed the increase primarily to Markforged, which contributed $20.7 million. Excluding Markforged, standalone revenue was approximately $14.6 million, “in line with the prior year.” Sequential revenue growth: Up about 31% from $26.9 million in the third quarter, driven by improved customer engagement and stronger order activity, Brenton said. Gross profit and margin: $17.6 million with adjusted gross margin of about 49.7%, compared with $5.3 million and 36.3% in the prior year quarter. Brenton said the change was driven primarily by a prior-year one-time unfavorable inventory adjustment. Sequentially, gross profit increased about 38% from $12.7 million, with margin up about 230 basis points from 47.4%. Operating expenses: $27.3 million, up about 13% year over year due mainly to Markforged inclusion. Brenton said on a standalone basis Nano Dimension operating expenses declined about 42% year over year. Sequentially, operating expenses fell more than 6% from $29.2 million. Adjusted EBITDA: Loss of $9.8 million, improving from a loss of $18.9 million in the prior-year quarter and $16.6 million in the third quarter of 2025. For full-year 2025, Brenton reported revenue of $102.4 million, up about 77% from $57.8 million in 2024, driven by Markforged’s $54.3 million contribution and adoption across key segments, partially offset by divestitures and “softer demand amid macroeconomic uncertainties, including tariffs.” Gross profit was $48.1 million with adjusted gross margin of about 46.9% versus $26.2 million and 45.4% a year earlier. Operating expenses were $101 million, up about 12% year over year, and adjusted EBITDA was a loss of $53.2 million versus a loss of $63.6 million in 2024. On liquidity, Brenton said that as of Dec. 31, 2025, total cash equivalents, deposits, and marketable equity securities were approximately $459.6 million, down from about $515.5 million at the end of the prior quarter. He said the change included $19.8 million of cash used for share repurchases during the quarter and $24.4 million related to changes in the fair value of marketable equity securities. Brenton provided annual guidance for 2026, citing the mix of recurring “book-and-ship activity” and larger strategic orders that can create quarterly variability. The company expects: Revenue: $130 million to $140 million Non-GAAP gross margin: 46% to 48% Non-GAAP operating expenses: $106 million to $111 million Adjusted EBITDA loss: $40 million to $50 million Brenton said revenue is expected to be “modest in the first half” and ramp in the second half, with the first quarter typically the lightest and the fourth quarter the strongest. Stehlin also provided updates on several corporate initiatives. On the strategic alternatives review announced last September, he said limited communications were intentional while the board and management conducted a “thorough and disciplined evaluation” with advisers Guggenheim Securities and Houlihan Lokey. He said the company expects to make “a series of announcements” in the second quarter that will “make clear our path forward to maximizing shareholder value.” Stehlin said Nano Dimension began reporting as a U.S. domestic issuer as of Jan. 1, 2026, aligning reporting and governance with SEC rules and U.S. GAAP. He said the company anticipates completing its redomestication process in the first half of 2026, subject to customary approvals, and noted the shift shortened the Form 10-K filing timeline to 75 days. He also said the company filed its Form 10-K on the day of the call and disclosed a material weakness in internal control over financial reporting “primarily related to resource limitations impacting accounting for and disclosure of business combinations and related valuation analysis.” Stehlin said the company had not identified errors in previously issued financial statements, did not expect restatements, and believed its 2025 reporting results were materially correct. Regarding capital allocation, Stehlin said Nano Dimension repurchased approximately 10.9 million shares for about $19.2 million in the fourth quarter, and more than 14.4 million shares for about $24.9 million when including earlier repurchases in late third quarter, under an existing authorization of up to $150 million. He said the board is evaluating capital deployment priorities during the strategic review and the company will not provide forward-looking updates on repurchases at this time. During the Q&A, Moshe Sarsadi of Merchant questioned management’s characterization of momentum, arguing that Markforged revenue appeared down compared to the same period in 2024 and that Nano Dimension standalone revenue was also down. He also challenged the company’s presentation of year-over-year revenue growth as potentially implying organic growth. Management responded that the year-over-year comparison reflected consolidated results including Markforged versus a prior year that did not include the acquisition, and said the improvements discussed were driven by sequential growth in the fourth quarter versus the third quarter and continued improvement in key areas and product lines. Sarsadi also questioned why the company was discontinuing share repurchases. Management said it believed there were better uses for cash that would become clearer in the second quarter, adding that repurchases had not been taken “off the table” but the company would not discuss them in advance. Nano Dimension Ltd. (NASDAQ: NNDM) is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations. In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers. The article "Nano Dimension Q4 Earnings Call Highlights" was originally published by MarketBeat.