Consolidated Revenue Growth
Q1 revenue of $29.7 million, up approximately 106% year-over-year from $14.4 million, driven primarily by the inclusion of Markforged (Markforged contributed $17.1 million).
Nano Dimension
· NNDM
May 7th, 2026
Summary
- Earnings Call Date:
- 2026-05-07
- Change Since:
- -25.95%
- Next Earnings Date:
- 2026-08-25
Earnings Call Sentiment
NeutralThe call presented a mix of clear operational progress and significant strategic transition activity: strong consolidated revenue growth (driven by the Markforged contribution), improved gross margins, meaningful liquidity and visible reductions in cash burn and stand-alone operating expenses. At the same time, the quarter included a large noncash goodwill impairment ($40.4M), a widened adjusted EBITDA loss, a year-over-year decline in stand-alone revenue, and the withdrawal of full-year guidance while the company executes complex monetization and strategic-alternative processes. The company highlighted commercial wins and continued monetization momentum but acknowledged material uncertainty and investor skepticism about certain transactions and future outcomes.
Company Guidance
Management withdrew full‑year financial guidance while it pursues strategic monetizations that could materially change results; for context Q1 revenue was $29.7M (+106% YoY from $14.4M) including $17.1M from Markforged (Nano Dimension stand‑alone revenue $12.6M, down ~12% YoY), gross profit $13.6M with adjusted gross margin ~45.9% (vs 43.3% prior year), operating expenses $26.1M (+~60% YoY; stand‑alone OpEx down ~22% YoY and >4% sequentially from $27.3M, ~20% below a ~$32.5M baseline), adjusted EBITDA loss $12.5M (vs losses of $10.1M YoY and $9.8M sequentially), cash and equivalents plus deposits and marketable securities ~$441.6M (down ~$18M from $459.6M, including an $8.4M fair‑value change and about $9.6M from lower operating cash burn), the AME/Fabrica sale closed April 6 (expected to reduce annualized cash burn by ~ $10M), and a $40.4M non‑cash goodwill impairment related to Markforged was recorded — all cited as reasons to pause guidance until monetizations and strategic options are finalized.
Improved Gross Profit and Margin
Gross profit for the quarter was $13.6 million with an adjusted gross margin of ~45.9% versus $6.2 million and 43.3% in the prior year period, reflecting favorable product mix and effects of divestments.
Strong Liquidity and Falling Cash Burn
Total cash, cash equivalents, deposits, restricted deposits and marketable equity securities of ~$441.6 million as of March 31, 2026; operating cash burn has trended down since Q3 2025 and sequential operating cash outflow declined (~$9.6 million of the ~$18 million QoQ change after fair-value adjustments).
Cost Discipline and Operating Expense Improvements (Stand-alone)
On a Nano Dimension stand-alone basis, operating expenses declined ~22% year-over-year; consolidated quarterly operating expenses also fell sequentially by >4% (from $27.3 million in Q4) and were ~20% below the previously identified baseline of ~$32.5 million.
Strategic Monetization Progress
Closed the sale of AME and Fabrica on April 6, expected to reduce annualized cash burn by approximately $10 million and includes upfront and performance-based deferred consideration (upside potential up to $10.5 million). Management is close to announcing an additional product-line sale and is actively pursuing other monetization opportunities.
Commercial Traction Across Key End Markets
Significant FFF expansion with a major U.S. automotive manufacturer, ongoing growth in defense opportunities, Essemtec SMT momentum including engagements with global electronic manufacturing services and space/satellite companies, indicating demand in production-oriented and mission-critical environments.
Operator
Good afternoon, everyone, and welcome to the Nano Dimension First Quarter 2026 Financial Results Conference Call. [Operator Instructions] 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'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...
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