Nano Dimension's Q2 Revenue Grows Amid Industry Challenges: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2024
0mins
Source: Benzinga
Financial Performance: Nano Dimension Ltd reported second-quarter revenues of $14.99 million, a slight increase from $14.74 million year-over-year, despite facing macroeconomic challenges. Adjusted EBITDA improved to negative $16.1 million from negative $23.5 million last year, while EPS loss widened to $0.20.
Acquisition and Cash Position: The company announced a definitive all-cash deal to acquire Desktop Metal, Inc. at $5.50 per share, expecting a strong cash position post-transaction, estimated between $665 million and $680 million.
Analyst Views on PRNT
Wall Street analysts forecast PRNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRNT 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 23.880
Low
Averages
High
Current: 23.880
Low
Averages
High
No data
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.
