Israel’s Nano Dimension (NASDAQ, TASE: NNDM) today reported earnings for the three month period ended 30 September 2016. The company are currently pre-revenue, but continue to move closer to recognising income from their DragonFly 2020 3D electronics printer.
In an interview with 3DPI, the company explain how their approach to 3D printing electronics and multi-layer printed circuit board (PCB) prototyping is a unique proposition, as slides from today’s call with investors illustrate this is a point Nano Dimension continue to make.
For now, the company have recorded an operating loss of $5m for the first nine months of 2016. Comparative data shows that for the same period in 2015 the operating loss was $4m.
According to a presentation filed with the SEC the company are anticipating revenue for Q4 2016 and have 18 patents approved or in the application process, 3 of which relate to conductive inks.
To date, Nano Dimension have received total financing of $33m, a figure that was augmented during October when their IPO underwriters used an option clause to purchase additional shares in the company. The total funds raised in this manner now stand at $13.8m.
While it might seem unusual for a company in the pre-revenue stage to be listed on a stock exchange, in previous conversations Nano Dimension have explained that listing via a reverse merger was a term required by early investors to provide liquidity and a potential exit route.
The company are also still engaged in ongoing legal wrangling with fellow Israeli 3D printing venture, Xjet. Courts are yet to decide if Nano Dimension “officers and/or employees previously employed by XJet stole trade secrets and proprietary technology relating to inkjet printing and 3D printing,” as documents filed with the SEC as part of Nano Dimension’s listing on the NASDAQ explain.
With Xjet set to exhibit at next week’s Formnext expo in Frankfurt, 3DPI will be bringing readers more information on their NanoParticle Jetting technology which we previously covered here.