Nano Dimension’s Q1 Revenue Drops, But Cost-Cutting Measures Show Promise
Nano Dimension Ltd reported Q1 revenue of $13.36M, down 10.7% YoY. EPS loss $(0.15) vs $0.09 YoY, attributed to decreased product sales. Adjusted gross profit $6.65M, margin improved to 49.8%. Company holds $793.08M in cash. Recently reduced workforce and Executive Management group by 25% expected to save $30M annually.