Nano Dimension (NNDM) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached $14.4M, up 8% year-over-year, reflecting only the core business and driven by increased sales efforts and a diversified product portfolio.

• Net loss improved to $24.0M from $35.0M year-over-year, reflecting cost-cutting and operational efficiencies.

• Strategic transformation included discontinuation of non-core and underperforming products, targeted headcount reductions, and operational model optimization.

• Integration of Markforged and Desktop Metal is underway, with a focus on scalable, high-margin manufacturing solutions and ongoing strategic assessments.

• Focus on digital manufacturing leadership, integrating hardware, software, and materials science.

Financial highlights

• Q1 2025 revenue was $14.4M, up 8% year-over-year, with adjusted gross margin at 43.8%, down from 49.8% in Q1 2024.

• Adjusted EBITDA loss improved to $9.0M from $13.6M year-over-year, and net loss narrowed to $24.0M from $35.0M.

• OPEX, net of one-time expenses, declined to $14M from $25.3M in Q1 2024.

• Gross profit for Q1 2025 was $5.9M, down from $6.2M year-over-year.

• Cash, cash equivalents, deposits, and investable securities totaled $840M as of March 31, 2025.

Outlook and guidance

• Management expects over $20M in annualized cost savings from Q4 2025 due to business refocusing and cost reductions.

• No formal guidance provided due to ongoing strategic review of Desktop Metal and integration of Markforged.

• Revenue per employee targeted to improve by approximately 50% over historical levels.

• Continued focus on disciplined expense management and operational efficiency.

• Emphasis on high-value, high-performance parts manufacturing and delivering clear ROI.