The chart below shows how NNDM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NNDM sees a +2.66% change in stock price 10 days leading up to the earnings, and a -3.53% change 10 days following the report. On the earnings day itself, the stock moves by -1.42%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record Third Quarter Revenue: $15 million of revenue is the best third quarter ever and one of the best quarters we had.
Year-over-Year Growth: It's 22% over last year's same period.
Gross Margin Improvement: Gross margin is 48%, which is up from 44%, and adjusted gross margin, which is without non-cash expenses, is 51%, up from 48%.
Cash Burn Reduction: We turned around Nano Dimension from $16 million burning per quarter last year to $3 million net cash burn, and we are close to break-even in cash burn.
Strategic Acquisitions Announcement: We announced and closed two large acquisitions, and we are creating an industry leader.
Negative
Gross Margin Decline: Gross margin decreased to 48.2% this quarter, down from 55% to 60% reported by other companies in the industry, indicating a decline in profitability.
Net Cash Burn Reduction: The company reported a net cash burn of $3 million, significantly lower than the previous year's $16 million, but still indicates ongoing financial strain.
Customer Acquisition Stagnation: Customer growth was limited, with only three new customers added this quarter, suggesting stagnation in market expansion.
Acquisition Integration Challenges: The company is facing challenges integrating recent acquisitions, which have not performed well, leading to concerns about future revenue growth.
Profitability Concerns and Risks: There are ongoing concerns regarding the company's ability to maintain profitability, with expectations of continued cash burn and potential bankruptcy risks.
Nano Dimension Ltd. (NNDM) Q3 2024 Earnings Call Transcript
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