Nano Dimension (NASDAQ:NNDM) Releases Earnings Results, Misses Estimates By $0.11 EPS

Nano Dimension (NASDAQ:NNDM) released its quarterly earnings data on Thursday. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.11), FiscalAI reports. The firm had revenue of $31.91 million for the quarter, compared to analyst estimates of $5.50 million. Nano Dimension had a negative net margin of 118.38% and a negative return on equity of 29.44%.

Nano Dimension Trading Up 5.2%

NNDM stock traded up $0.07 during mid-day trading on Friday, reaching $1.32. The company’s stock had a trading volume of 1,245,613 shares, compared to its average volume of 1,266,598. Nano Dimension has a 12 month low of $1.19 and a 12 month high of $2.32. The business’s 50 day moving average price is $1.49 and its 200 day moving average price is $1.63. The company has a market cap of $278.31 million, a price-to-earnings ratio of -2.87 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Dimension in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Nano Dimension

Nano Dimension Ltd. is an additive manufacturing company that develops and supplies systems for producing specialized electronic and industrial components. The company focuses on Additively Manufactured Electronics (AME), which combines conductive and dielectric materials to create complex printed circuit boards and other electronic structures.

Its product portfolio has included the DragonFly platform, an inkjet-based system designed to manufacture multilayer printed circuit boards, antennas and related electronic components.