Convention name is held right now at 09.00 EDT
Ness Ziona, Israel, Might 15, 2019 (GLOBE NEWSWIRE) – a number one additive electronics supplier Nano Dimension Ltd. (Nasdaq, LEVEL: NNDM), as we speak announced financial outcomes for the first quarter ended March 31, 2019.
Internet sales of Nano Dimension amounted to $ 1,689,000 in the first quarter of 2019. The company ended the quarter with $ 10,222,000 in money, while the first quarter loss was $ 1,476,000.
“Our global expansion continues in line with our growth plan. We strengthened our presence in North America and reached the Japanese market by selling to a leading Japanese PCB manufacturer, ”stated Amit Dror, CEO of the Nano Dimension. “We improved our customers' value supply by introducing intrusive new technologies and value-added applications such as side contacts of PCB, 3D-printed capacitors and a fully functional IoT. We believe that our first actor in additive electronics, the growing maturity of our products and our growing global expansion are the key to immediate and long-term growth. ”
First Quarter 2019 Financial Results  Complete income for the first quarter of 2019 was $ 1,689,000, compared to $ 1,705,000 in the fourth quarter of 2018 and $ 635,000 in the first quarter of 2018. Gross sales of DragonFly Professional methods elevated in comparison with the first quarter of 2018.
Highlights of the Stability Sheet
- In February 2019, a complete of 80,000,000 (16,000,000 American Depository Shares (ADS)) have been issued in the United States underneath a public supply. ), 80,000,000 non-convertible options (80,000,000 or 16,000,000 ADS) and 60,000,000 buying and selling rights (60,000,000 bizarre shares or 12,000,000 ADS). Purchase rights and choice rights included an unused cash mechanism and are subsequently categorized as a financial legal responsibility that’s measured at truthful worth via profit or loss. Gross income from the supply was approximately $ 12,000,000 earlier than deducting premiums and costs and other prices associated to the supply. The supply's internet revenue was roughly $ 10,560,000. Of the gross share problem, roughly $ 10,200,000 was paid at truthful worth for the financial legal responsibility of the buy and choice rights. The rest, roughly $ 1,800,000, was issued for issued shares. The worth of monetary liabilities related to purchase obligations and stock options was measured as of 31 March 2019 at a worth of roughly $ 6,500,000, and the distinction between the truthful value and truthful value of the situation date in March 31, 2019 was recognized as monetary revenue of approximately $ 3,600,000.
- 1. January 2019, we launched IFRS 16 utilizing the cumulative impact technique and recognized a $ 1,891,000 license and $ 2,122,000 lease liability. In consequence, we recorded the depreciation and amortization expense for the asset and the finance costs recognized. Because of this, lease payments related to belongings leased underneath working leases, which have been introduced in the revenue assertion as a part of numerous leases, have been initially capitalized in the belongings from the date of commencement of the software and recognized as depreciation and amortization expense.
- As of 31 February 2019, cash and cash equivalents totaled $ 10,222,000, in contrast with $ three,753,000 at 31 December 2018. The rise compared to December 31, 2013 is especially on account of the gross sales of ADSs in the first quarter. 2019, minus money used in operations during the three months ended March 31, 2019.
- Equity was $ 16.15,000 as of March 31, 2019, when it was $ 15,572,000 as of December 31, 2018.
Conference Name Info
The corporate organizes a convention call to debate these monetary outcomes at this time, Might 15, 2019 at 9.00 am EDT (four:00 pm Israel Israel). Buyers curious about collaborating in the conference are invited to register for a conference call at http://dpregister.com/10130757. Dial numbers, including the local Israeli number and instructions, shall be offered upon registration. US Number: 1-844-695-5517, International Quantity: 1-412-902-6751, Israel Toll Free Dial-In: 1-80-9212373. Request a Nano Dimension NNDM call when the convention name operator requests it. A convention call can also be sent reside on the Nano Dimension Investor Relations section at http://investors.nano-di.com/events-and-presentations.
For many who do not participate in the conference name, a link is on the market at http://investors.nano-di.com/events-and-presentations.jpg on the Nano Dimension web site.
The Nano Dimension (Nasdaq, TASE: NNDM) is a leading provider of precision 3D-printed electronics ancillary electronics that interferes, modifies, and defines how useful and related products are manufactured. With its unique additive manufacturing methods, Nano Dimension is geared to the demand for refined digital units in advanced gear. The demand for PCBs at the core of electronic units, similar to circuit boards, sensors and antennas, covers a wide range of industries including shopper electronics, medical units, protection, aerospace, automotive, internet and telecommunications. These industries can all profit from Nano Dimension services for short-term manufacturing and speedy prototyping. For more info, go to www.nano-di.com, https://www.nano-di.com/blog.  Ahead-Wanting Statements
This press release consists of forward-looking statements in accordance with the Personal Securities Dispute Decision Act (1995) and different federal securities legal guidelines "safe harbor" laws. Phrases akin to "wait", "anticipate", "plan", "plans", "believe", "seek", "reviews" and comparable phrases or modifications are meant to determine future-oriented statements. Because such statements cope with future occasions and are based mostly on the present expectations of the Nano dimension, they are exposed to varied dangers and uncertainties, and the actual outcomes, performance or achievements of the Nano dimension might differ significantly from these introduced or disclosed on this press. For example, Nano Dimension uses forward-looking statements when considering that its international enlargement will continue consistent with its progress plan and that the firm believes its benefit as the first software in the electronics of the additive and its growing maturity. Its growing international progress is the key to speedy and long-term progress. Future statements introduced in this press launch are subject to other dangers and uncertainties, including these mentioned in Nano Dimension's Annual Report in the Securities and Change Commission Annual Report “Risk Factors” (“SEC”) of March 14, 2019 and subsequent SEC notices. The next elements might, amongst other things, cause a big difference in precise results from the future statements: the potential of Nano Dimension to extend gross sales and income, its burn price, and its capacity to continue operating. Based mostly on the forecast money stream and money and cash equivalents, the management of Nano Dimension expects on March 31, 2016 that it’ll not have enough assets with out further funding to proceed its operations for at the least 12 years in months. Consequently, Nano Dimension's potential to proceed to function has considerable doubts. Until in any other case offered by regulation, Nano Dimension just isn’t required to disclose any modifications to those forward-looking statements to disclose occasions or circumstances after that date or to mirror the prevalence of sudden events. References and links to web sites are offered comfortably, and knowledge contained on such web sites just isn’t included on this press release. Nano Dimension isn’t responsible for the content of third social gathering websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Yael Sandler, CFO | firstname.lastname@example.org
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Consolidated Financial Statements
(hundreds of US Dollars)
“Our global expansion continues in line with our growth plan. We strengthened our presence in North America and reached the Japanese market by selling to a leading Japanese PCB manufacturer, ” Reclassified. In 2018, the Group modified its presentation of equity in the consolidated financial statements. To simplify the presentation, stock choices, fairness capital of share-based payments and transactions with controlling shareholders have been combined with the share bonus. This classification did not affect equity in its entirety
Group end in the revenue assertion and different comprehensive revenue
(in hundreds of dollars, excluding shares)
| Three months
| Revenue Expenses – Depreciation of Intangible Belongings||193||193||772|
|Complete Value of Revenue||529||1,311||four,366|
|Gross Cowl||106||[19659055||] Analysis and Improvement Internet, internet||2,558||2,152||eight,623||] Gross sales and Advertising Prices||786||1,364||4,259|
|Common and Administrative Costs||885||1791||3002|
|  59075] Working loss||(four 113||)||(4,929||)||(15,150 ) ||||]||24|
|Primary loss per share||(zero.05 )||] (0.01||)||(zero.17||)|
|Diluted loss per share||(0.05||)||(0.02||)  0.17||)|
|Primary Loss for American Depositary Shares||(0.27||)||(0.05||)||(0.84||)|
|] Diluted Loss for American Depositors||(0.27||)||(0.08||)||(0.84||)|
Consolidated Statements of Modifications in Equity (Unaudited)
(hundreds of USD)
|]|| Share Capital
premium and capital reserves
reserve  168]
|Three Months for the period ended March 31, 2019:||]|
|Stability from 1 January 2019||3,291||63,969||(1,509||)||1,191,906,191,9061 (51,610||)  15,572|
|Concern of Shares with out Issuing Costs||2,216||(632||)||–||–||–||–||–||– 19659055]||1,584|
|Use of Procurement Strategies||52||311||[19659036||363|
|Share-based funds||–||102||–||–||–||]||–|| 102|
|Internet loss||–||–||–||–||]||–||–||(19659089)] (1476||) 19659055|
|Stability from March 31, 2016||5,559|