Nano Dimension | 6-K: Report of foreign private issuer (related to financial reporting)
Nano Dimension | 6-K: Report of foreign private issuer (related to financial reporting)
Nano Dimension | 6-K:外国发行人报告(业绩相关)
Moomoo AI 已提取核心信息
Nano Dimension reported Q1 2024 results, showing continued progress towards profitability. Gross margin expanded to 46.2%, up 235 bps year-over-year, while adjusted gross margin reached 49.8%, a 265 bps improvement. Revenue was $13.36 million, down from $14.97 million in Q1 2023.The company's "Reshaping Nano Initiative" is taking effect, with net cash burn reduced by 75% to $7.0 million in Q1 2024, compared to $27.4 million in Q1 2023. Nano Dimension reaffirmed its guidance for 2024 cash burn to be between $12-20 million. Operating expenses decreased across all departments due to reorganization and cost reduction efforts.The company's share repurchase program has reduced outstanding shares by 15% to 219 million over the last 15 months. Nano Dimension maintains a strong capital position with cash and investments value of approximately $4.1 per share as of Q1 2024, excluding the value of its $55-$60 million revenue business.