towell@sztuowei.com
Rapid manufacturing services | 3D printing projects take the glasses industry to a new level
Nano Dimension sees sharp growth on increasing demand for 3D printing
by：Tuowei
2019-09-09
ZIONA, Israel (Reuters)-
Nano Dimension, a pioneer in circuit board 3D printers, said the company\'s leaders are expected to maintain a sharp increase in sales while reducing cash consumption, because it can take advantage of the needs of new areas such as defense and space exploration. The Israel-
The Nasdaq-based company could be kicked out of its second listing on Nasdaq, after its share price fell sharply since its peak of 2016, the company is pinning its hopes on the new printer, which began selling proprietary ink in 2017.
Nano Dimension has been working with the United States. S.
Defense contractor Harris is responsible for 3D printing of radio frequency identification amplifiers, which will expand the antenna range and will be tested on the International Space Station.
\"It can save Harris tens of thousands of dollars per satellite,\" said CEO and chairman of the joint meeting.
Founder Amit Dror said the company\'s performance this year is expected to improve compared with last year, when a net loss of $15. 5 million.
\"We will be much better than last year,\" Dror told Reuters . \".
\"Initially, we wanted to create sales in the near future with large companies in the defense, aerospace, automotive and healthcare sectors and further develop in the future. . .
Consumer goods.
Printed circuit board (PCBs)
Traditionally made by a professional company in a process that can take weeks.
Nano Dimension says its printer can do the job in a few hours, saving costs and time while keeping sensitive information confidential.
Nano Dimension has sold 30 of its $250,000 printers.
Total revenue jumped to $5.
1 million before $829,000 on 2018, project income was twice as high as $15 million on 2019.
Dror said that Nano Dimension may continue to reduce its losses in the next two years, as it halved its cash consumption of about $13 million last year while maintaining revenue growth.
To this end, Nano Dimension is currently working with 20 leading dealers, he said.
President Avi Reichental said: \"We are the first people to promote this technology, and according to our estimates, we believe that we are a few years ahead of anyone,\" more than ten years ago, he helped create 3D printing technology.
More than half of the sales of Nano Dimension come from the United States, but sales in Japan, South Korea and Germany are also growing.
After hitting a peak of nearly $10 in 2016, the company\'s Nasdaq
Listed shares fell to 73 cents in 2019
The exchange issued a notice requiring its share price to fall to at least $1 by September, but could be extended by six months.
Dror said he hopes the stock will rise due to investor demand, but if not, the company can make a technical change to its Tel Aviv ratio
Listed shares in its U. S. depositary shares.
Nano-size will seek to raise more money to develop, but there is no decision on how or when to develop, he said.
Nano Dimension, a pioneer in circuit board 3D printers, said the company\'s leaders are expected to maintain a sharp increase in sales while reducing cash consumption, because it can take advantage of the needs of new areas such as defense and space exploration. The Israel-
The Nasdaq-based company could be kicked out of its second listing on Nasdaq, after its share price fell sharply since its peak of 2016, the company is pinning its hopes on the new printer, which began selling proprietary ink in 2017.
Nano Dimension has been working with the United States. S.
Defense contractor Harris is responsible for 3D printing of radio frequency identification amplifiers, which will expand the antenna range and will be tested on the International Space Station.
\"It can save Harris tens of thousands of dollars per satellite,\" said CEO and chairman of the joint meeting.
Founder Amit Dror said the company\'s performance this year is expected to improve compared with last year, when a net loss of $15. 5 million.
\"We will be much better than last year,\" Dror told Reuters . \".
\"Initially, we wanted to create sales in the near future with large companies in the defense, aerospace, automotive and healthcare sectors and further develop in the future. . .
Consumer goods.
Printed circuit board (PCBs)
Traditionally made by a professional company in a process that can take weeks.
Nano Dimension says its printer can do the job in a few hours, saving costs and time while keeping sensitive information confidential.
Nano Dimension has sold 30 of its $250,000 printers.
Total revenue jumped to $5.
1 million before $829,000 on 2018, project income was twice as high as $15 million on 2019.
Dror said that Nano Dimension may continue to reduce its losses in the next two years, as it halved its cash consumption of about $13 million last year while maintaining revenue growth.
To this end, Nano Dimension is currently working with 20 leading dealers, he said.
President Avi Reichental said: \"We are the first people to promote this technology, and according to our estimates, we believe that we are a few years ahead of anyone,\" more than ten years ago, he helped create 3D printing technology.
More than half of the sales of Nano Dimension come from the United States, but sales in Japan, South Korea and Germany are also growing.
After hitting a peak of nearly $10 in 2016, the company\'s Nasdaq
Listed shares fell to 73 cents in 2019
The exchange issued a notice requiring its share price to fall to at least $1 by September, but could be extended by six months.
Dror said he hopes the stock will rise due to investor demand, but if not, the company can make a technical change to its Tel Aviv ratio
Listed shares in its U. S. depositary shares.
Nano-size will seek to raise more money to develop, but there is no decision on how or when to develop, he said.
Custom message
Related Products
