Nano Dimension Ltd. Q4 FY2024 earnings call

• Transformation efforts: Exited noncore products like Admatec, DeepCube, Fabrica, Formatec and refocused product roadmaps. - Financial discipline: Reduced operating expenses by over $20 million annually from core Nano business. - Operating model overhaul: Broke down silos, realigned around customers, reduced G&A and management overhead. - Strategic review: Ongoing assessment of Desktop Metal, noting its limited liquidity and significant liabilities.

Revenue reached $57.8 million in 2024, up 2.6% year-over-year. Adjusted EBITDA loss improved by 35% to $65.2 million. Net cash burn declined by 3.6% excluding buyback impact. Q1 2025 revenue was $14.4 million, 8% higher than Q1 2023. Core Nano business reduced annualized operating costs by $20 million. Revenue per employee increased from $147,000 to $223,000, a 52% gain.

• Q1 2025 revenue was $14.4 million, 8% higher than Q1 2023. - Cash, cash equivalents, and marketable securities were $840 million as of March 31, 2025. - Expect additional clarity regarding the Desktop Metal strategic process by the end of June.

• Desktop Metal has limited liquidity and significant liabilities, including $115 million in outstanding convertible notes incurred prior to acquisition. - Uncertainty around the outcome of Desktop Metal's independent strategic process to address liabilities and liquidity needs.

Q: Segueing into Markforged, comment on synergy potential both on cost and revenue basis assuming it stays in portfolio A: We're not putting financial numbers on synergies yet, but focus on same customers, Markforged has great software platform which we can leverage for growth Q: Concerns about share price, how to get big investors excited; scaling up to EV, medical industries; status of noncore businesses A: Reestablish trust by being transparent, providing milestones; focus on deeper penetration with existing customers like Markforged's 15,000 installed systems; looked at divestment of noncore businesses but found no opportunities so discontinued them Q: Did you give pro forma cash number adjusted for acquisitions? Status on approach to Desktop Metal A: Did not provide pro forma cash number; Desktop Metal has limited liquidity and liabilities, running its own process, we respect that process and are waiting to see results