Nano Dimension Ltd. Q1 FY2026 earnings call

• Strategic plan overview: The company is at an inflection point. There's a three - phase strategic plan. Phase one was focused on streamlining remaining product lines, reducing operating costs while preserving growth potential, and saw a reduction in cash burn. Phase two is an aggressive evaluation of remaining operating product lines, with the sale of AME and Fabrica product lines completed on April 6th, which reduces complexity, improves focus, and lowers cost structure. Phase three is focused on maximizing long - term value, with evaluation of strategic merger, reverse merger, or other strategic transactions with Houlihan Loki. - Performance in Q1: Underlying demand trends remain healthy. FFF business had expansion with a major US - based automotive manufacturer and growth in defense - related opportunities. SMTech - SMT product line had a solid start with new business in electronics and AI - related manufacturing and expansion with space and satellite companies. Strong traction across industrial production environments with repeat orders and expansion.

In the first quarter, the two largest product lines are Fuse Filament Fabrication (FFF) and SMTech's Surface Mount Technology (SMT) product line. FFF business secured a significant expansion with a major US - based automotive manufacturer, and there's growth in defense - related opportunities. SMTech - SMT product line had a solid start to the year with new business in electronics and AI - related manufacturing and expansion with space and satellite companies. Revenue for the first quarter was $29.7 million, with Markforge contributing $17.1 million. Excluding Markforge, Nano Dimension's standalone revenue was $12.6 million. Gross profit was $13.6 million with an adjusted gross margin of approximately 45.9%.

Given ongoing execution of the strategic plan and potential significant changes across the business, the company has withdrawn full - year financial guidance as it's evaluating various outcomes including timing and scope of potential monetization actions that could impact future financial results.

Q: Referring to the strategic review process, especially the third part, and comments on the use of 'excited' language.

A: Dave said since September they've engaged with banks, Houlihan Loki has been focused on bringing partner opportunities, they've looked at more than a dozen opportunities and narrowed them down, and when they make a decision to share with shareholders, the upside potential should create value well above the balance sheet value.

Q: Regarding the asset sale of AME, taking seven months to sell, burning almost $6 million and selling for $2 million, and color on upside potential.

A: Dave said there's upside potential of up to $10.5 million beyond the upfront $2 million, but not at a point to give color yet.

Q: About who found the buyer of AME, whether it was a founder or bankers.

A: Dave said they're not going to comment on that, but both bankers were involved in the dialogue.