Nano Dimension Ltd. Q1 FY2025 earnings call

• Discontinued several products including Admatec, DeepCube, Fabrica and Formatec, forecasted to save ~$20M annually on operating expenses. • Focus on product rationalization to ensure competitive advantage, high margins, and deliver ROI for customers. • Operate with optimized model, reduced expenses, broken silos, flatter organization. • Strategic integration of Markforged: building on its software platform, FFF technology, metal binder jetting solution; shifting to strategic sales and reducing operating expenses.

Total revenue for Q1 2025 was $14.4 million, an 8% growth from Q1 2024 despite macroeconomic headwinds. Adjusted gross margin was 43.8% compared to 49.8% in Q1 2024. OpEx, net of onetime expenses, was $14 million in Q1 compared to $25.3 million in Q1 2024. Adjusted EBITDA loss was $9 million in Q1 compared to $13.6 million in Q1 2024. As of March 31, cash, cash equivalents and investable securities was $840 million. Core business revenue: Nano Dimension's core business was just under $15 million, Markforged was just under $17 million.

• Assaf mentioned they can't provide specific 6-12 month guidance as they evaluate Desktop Metal's strategic alternatives and work on Markforged integration. • They are disciplined with expenses and cash burn, continuing to reduce operational expenses and control cash as seen in Q1 results.

• Discontinuation of nonstrategic assets impacted gross margin in Q1. • Uncertainty around Desktop Metal's independent strategic assessment.

Q: Troy Jensen asked about Desktop Metal's convertible and 6-12 month cost structure/cash burn outlook for combined Nano and Markforged.

A: Ofir Baharav said they've elaborated on Desktop and obligations previously, Desktop is managed independently; Assaf Zipori stated they can't provide specific details yet as they evaluate Desktop's strategic alternatives and work on Markforged integration, but are disciplined with expenses and cash burn