Nano Dimension's Q1 Revenue Drops, But Cost-Cutting Measures Show Promise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2024
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Source: Benzinga
- Nano Dimension's Financial Performance: Reported a 10.7% decrease in fiscal first-quarter revenues.
- Reason for Revenue Decline: Attributed to decreased sales of the company’s product lines.
- Financial Metrics: Adjusted gross margin improved to 49.8%, while EPS loss was $0.15 compared to a profit last year.
- Operational Loss: Operating loss in the quarter was $18.97 million, down from $31.20 million last year.
- Cost-Saving Measures: Reduced workforce and Executive Management group by 25% to potentially save $30 million annually.
Analyst Views on SCZ
Wall Street analysts forecast SCZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
