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Nano Dimension ADR Down 4.88% To $2.83 After Earnings

Thursday, September 01, 2022 02:13 PM | InvestorsObserver Analysts
Nano Dimension ADR Down 4.88% To $2.83 After Earnings

Nano Dimension ADR (NNDM) said before open Thursday that it lost $0.15 per share in quarter two 2022. The company reported $11.1 million in revenue

In the same quarter a year ago, the company lost $0.05 per share on revenue of $811 thousand.

The stock is down 4.88% to $2.83 after the report.

Nano Dimension ADR's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

Trading in the five days leading up to the report earned Nano Dimension ADR a Bearish Sentiment Rank from InvestorsObserver.

Nano Dimension ADR has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 75, putting Nano Dimension ADR in the top 25% of stocks. The firm set a 52-week low on May 12, 2022 at $2.17 and set a 52-week high on November 3, 2021 at $6.75.

Nano Dimension Ltd is engaged in research and development of a three-dimensional printer that prints electronic circuit boards, also known as printed circuit boards, and ink materials and products based on nanotechnology. Its products consist of two main product lines - Dragonfly 2020 3D printer and proprietary ink products. The company's Dragonfly 2020 3D printer currently in development uses proprietary ink and integrated software to quickly create fully functioning PCB prototypes. Geographically, it generates maximum revenue from the USA followed by the Asia Pacific and Europe and Israel. It serves the Commercial, Research and Printing services industries.

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