UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of:  August  2019

 

Commission file number: 001-37600

 

NANO DIMENSION LTD.

(Translation of registrant’s name into English)

 

2 Ilan Ramon

Ness Ziona 7403635 Israel

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒          Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(1):_____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(7):_____

  

 

 

 

 

 

CONTENTS

 

This Report of Foreign Private Issuer on Form 6-K consists of the Registrant’s press release issued on August 14, 2019, titled “Nano Dimension Reports 2019 Second Quarter Financial Results,” which is attached hereto as Exhibit 99.1, and the Registrant’s corporate presentation which was posted on its website, which is attached hereto as Exhibit 99.2.

 

The sections titled “Second Quarter 2019 Financial Results,” “Six Months Ended June 30, 2019 Financial Results,” “Balance Sheet Highlights,” and “Forward-Looking Statements,” and the IFRS financial statements in the press release are incorporated by reference into the registration statements on Form F-3 (File No. 333-217173) and Form S-8 (File No. 333-214520) of the Registrant, filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Exhibit No.

 

99.1 Press Release issued by Nano Dimension Ltd. on August 14, 2019, titled “Nano Dimension Reports 2019 Second Quarter Financial Results.”
99.2 Corporate Presentation of Nano Dimension Ltd., dated August 2019.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Nano Dimension Ltd.
  (Registrant)
     
Date: August 14, 2019 By: /s/ Yael Sandler
  Name: Yael Sandler
  Title: Chief Financial Officer

 

 

2

 

 

 

Exhibit 99.1

 

 

 

Nano Dimension Reports 2019 Second Quarter Financial Results

 

Conference call to be held today at 9:00 a.m. EDT

 

Ness Ziona, Israel, August 14, 2019 – Nano Dimension Ltd., a leading additive electronics provider (Nasdaq, TASE: NNDM) , today announced financial results for the second quarter ended June 30, 2019.

 

Nano Dimension reported revenues of $1,161,000 for the second quarter of 2019. The Company ended the quarter with $5,290,000 in cash, while total loss for the second quarter was $1,188,000.

 

“During the second quarter we made important progress on the product side, and we recently presented the DragonFly LDM TM Lights-Out Digital Manufacturing system, which augments the capabilities of the DragonFly Pro system with new, proprietary, state-of-the-art technology that enables 24/7 uninterrupted 3D printing of electronics,” said Amit Dror, Chief Executive Officer of Nano Dimension. “Additionally, we presented new and exciting applications, and offered capabilities that have never been seen before in additive manufacturing and the printed electronics world.”

 

“We are currently focused on increasing our sales and optimizing our expenses, and moving forward we are better armed with our next generation DragonFly LDM system. We proudly continue to lead the field of 3D printed electronics and although the road can be bumpy, we have full confidence in our technology advantages and superiority, and we gain strength from the feedback we receive from our partners and customers,” concluded Mr. Dror.

 

Second Quarter 2019 Financial Results

 

   

Total revenues for the second quarter of 2019 were $1,161,000, compared to $1,689,000 in the first quarter of 2019, and $1,088,000 in the second quarter of 2018. The increase compared to the second quarter of 2018 was attributed to higher commercial sales of the DragonFly Pro 3D printer. The decrease compared to the first quarter of 2019 resulted from lower sales of the DragonFly Pro 3D printer. The Company believes that the delay in sales ramp-up has to do with customers’ desire for additional applications and features, which the Company started to present over the recent period.

     
 

Research and development (R&D) expenses for the second quarter of 2019 were $2,322,000, compared to $2,152,000 in the first quarter of 2019, and $2,063,000 in the second quarter of 2018. The increase compared to both the first quarter of 2019 and the second quarter of 2018 was mainly attributed to an increase in payroll and related expenses.

     
 

Sales and marketing expenses for the second quarter of 2019 were $1,507,000, compared to $1,364,000 in the first quarter of 2019, and $1,086,000 in the second quarter of 2018. The increase compared to both the first quarter of 2019 and the second quarter of 2018 was mainly attributed to an increase in payroll and related expenses and marketing and advertising expenses.

     
 

General and administrative (G&A) expenses for the second quarter of 2019 were $1,023,000, compared to $1,791,000 in the first quarter of 2019, and $609,000 in the second quarter of 2018. The decrease compared to the first quarter of 2019 is mainly attributed to the February 2019 public offering, in which the Company issued warrants and rights to purchase, that were classified as financial liability, resulting in issuance expenses of approximately $1,224,000 that were recognized as G&A expense in the first quarter of 2019. The increase compared to the second quarter of 2018 was mainly attributed to an increase in professional services expenses.

     
 

Net loss for the second quarter of 2019 was $1,188,000, or $0.01 per share, compared to $1,476,000, or $0.01 per share, in the first quarter of 2019, and $3,770,000, or $0.04 per share, in the second quarter of 2018. The decrease compared to the first quarter of 2019 was mainly attributed to a decrease in G&A expenses, as described above. The decrease compared to the second quarter of 2018 is attributed to a finance income of approximately $3,694,000 that was recognized in the second quarter of 2019, as a result of the change in the fair value of warrants and rights to purchase that were issued in our February 2019 public offering.

 

 

Six Months Ended June 30, 2019 Financial Results

 

 

Total revenues for the six months ended June 30, 2019 were $2,850,000, compared to $1,723,000 in the six months ended June 30, 2018. The increase was attributed to commercial sales of the DragonFly Pro 3D printer.

     
  R&D expenses for the six months ended June 30, 2019 were $4,474,000, compared to $4,611,000 in the six months ended June 30, 2018. The decrease resulted primarily from a decrease in payroll and related expenses.
     
  Sales and marketing expenses for the six months ended June 30, 2019 were $2,871,000, compared to $1,872,000 in the six months ended June 30, 2018. The increase was mainly attributed to an increase in payroll and related expenses and marketing and advertising expenses.
     
  G&A expenses for the six months ended June 30, 2019 were $2,814,000, compared to $1,494,000 in the six months ended June 30, 2018. The increase is mainly attributes to the February 2019 public offering, in which the Company issued warrants and rights to purchase, that were classified as financial liability, resulting in issuance expenses of approximately $1,224,000 that were recognized as G&A expense in the first quarter of 2019.
     
  Net loss for the six months ended June 30, 2019 was $2,664,000, or $0.02 per share, compared to $7,893,000, or $0.09 per share, in the six months ended June 30, 2018.

 

Balance Sheet Highlights

 

  Cash and cash equivalents totaled $5,290,000 as of June 30, 2019, compared to $3,753,000 on December 31, 2018. The increase compared to December 31, 2018, mainly reflects proceeds received from the sale of American Depositary Shares representing the Company’s ordinary shares in the first quarter of 2019, less cash used in operations during the six months ended June 30, 2019.
     
  Shareholders’ equity totaled $15,057,000 as of June 30, 2019, compared to $15,572,000 as of December 31, 2018.

 

Conference call information

 

The Company will host a conference call to discuss these financial results today, August 14, 2019, at 9:00 a.m. EDT (4:00 p.m. IDT). Investors interested in participating are invited to register for the conference call here: http://dpregister.com/10133491. Dial-in numbers, including a local Israeli number and instructions, will be provided upon registration. U.S. Dial-in Number: 1-844-695-5517, International Dial-in Number: 1-412-902-6751, Israel Toll Free Dial-in Number: 1-80-9212373 . Please request the “Nano Dimension NNDM call” when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of Nano Dimension’s website at http://investors.nano-di.com/events-and-presentations.

For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at http://investors.nano-di.com/events-and-presentations.

 

About Nano Dimension

 

Nano Dimension (Nasdaq, TASE: NNDM) is a leading electronics provider that is disrupting, reshaping, and defining the future of how cognitive connected products are made. With its unique 3D printing technologies, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features. Demand for circuitry, including PCBs - which are the heart of every electronic device - covers a diverse range of industries, including consumer electronics, medical devices, defense, aerospace, automotive, IoT and telecom. These sectors can all benefit greatly from Nano Dimension’s products and services for rapid prototyping and short-run manufacturing. For more information, please visit www.nano-di.com.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, Nano Dimension is using forward-looking statements when it discusses the potential of its products and that it is currently focused on increasing sales and optimizing expenses. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 14, 2019, and in any subsequent filings with the SEC. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: Nano Dimension’s ability to increase sales and revenue, its burn rate, and its ability to continue as a going concern. Based on the projected cash flows and our cash balances as of June 30, 2019, Nano Dimension’s management is of the opinion that without further fund raising it will not have enough resources to enable it to continue advancing its activities for a period of at least 12 months. As a result, there is substantial doubt about Nano Dimension’s ability to continue as a going concern. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third party websites. 

 

NANO DIMENSION INVESTOR RELATIONS CONTACT

Yael Sandler, CFO |  ir@nano-di.com

 

NANO DIMENSION PR CONTACT

Galit Beck, Public Relations Manager | 972-542539495 | galit@nano-di.com  

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Consolidated Statements of Financial Position as at

 

    June 30,     December 31,  
    2018     2019     2018  
(In thousands of USD)   (Unaudited)     (Unaudited)        
                   
Assets                  
Cash and cash equivalents     11,601       5,290       3,753  
Restricted deposits     20       31       21  
Trade receivables     628       1,174       1,313  
Other receivables     653       573       570  
Inventory     2,488       3,967       3,116  
Total current assets     15,390       11,035       8,773  
                         
Restricted deposits     329       351       347  
Property plant and equipment, net     5,248       5,350       5,200  
Right of use asset     -       1,640       -  
Intangible assets     6,369       5,597       5,983  
Total non-current assets     11,946       12,938       11,530  
Total assets     27,336       23,973       20,303  
                         
Liabilities                        
Trade payables     1,162       819       1,414  
Other payables     1,929       3,153       2,178  
Total current liabilities     3,091       3,972       3,592  
                         
Liability in respect of government grants     934       867       895  
Lease liability     -       1,273       -  
Liability in respect of warrants and rights of purchase     -       2,804       -  
Other long-term liabilities     272       -       244  
Total non-current liabilities     1,206       4,944       1,139  
Total liabilities     4,297       8,916       4,731  
                         
Equity                        
Share capital     3,291       5,559       3,291  
Share premium and capital reserves     63,841 (*)     63,850       63,969  
Treasury shares     (1,509 )     (1,509 )     (1,509 )
Presentation currency translation reserve     1,431       1,431       1,431  
Accumulated loss     (44,015 )     (54,274 )     (51,610 )
Total equity     23,039       15,057       15,572  
Total liabilities and equity     27,336       23,973       20,303  

 

(*) Reclassified. During 2018 the Company changed the equity presentation in the Consolidated Statements of Financial Position. In order to simplify presentation, warrants, capital reserves for share based payments and from transactions with controlling shareholders, were consolidated into the share premium section. This classification did not have any effect on the total equity.

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Consolidated Statements of Profit or Loss and Other Comprehensive Income

(In thousands of USD, except per share amounts) 

  

    For the Six-Month Period Ended
June 30,
    For the Three-Month Period Ended
June 30,
    For the Year ended December 31,  
    2018     2019     2018     2019     2018  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)        
                               
Revenues     1,723       2,850       1,088       1,161       5,100  
                                         
Cost of revenues     1,124       1,959       788       841       3,594  
                                         
Cost of revenues - amortization of intangible     386       386       193       193       772  
                                         
Total cost of revenues     1,510       2,345       981       1,034       4,366  
                                         
Gross profit     213       505       107       127       734  
                                         
Research and development expenses, net     4,611       4,474       2,063       2,322       8,623  
                                         
Sales and marketing expenses     1,872       2,871       1,086       1,507       4,259  
                                         
General and administrative expenses     1,494       2,814       609       1,023       3,002  
                                         
Operating loss     (7,764 )     (9,654 )     (3,651 )     (4,725 )     (15,150 )
                                         
Finance income     47       7,317       23       3,796       54  
                                         
Finance expense     176       327       142       259       392  
                                         
Total comprehensive loss     (7,893 )     (2,664 )     (3,770 )     (1,188 )     (15,488 )
                                         
Basic loss per share     (0.09 )     (0.02 )     (0.04 )     (0.01 )     (0.17 )
Basic loss per American Depositary Shares     (0.45 )     (0.08 )     (0.20 )     (0.03 )     (0.84 )

 

4  

 

Consolidated Statements of Changes in Equity (Unaudited)

(In thousands of USD)

 

    Share capital     Share premium     Treasury shares     Presentation currency translation reserve     Accumulated loss     Total equity  
                                     
For the six months ended June 30, 2019:                                    
Balance as of January 1, 2019     3,291       63,969       (1,509 )     1,431       (51,610 )     15,572  
Issuance of ordinary shares, net     2,216       (632 )     --       --       --       1,584  
Exercise of rights to purchase     52       311       --       --       --       363  
Share-based payments     --       202       --       --       --       202  
Net loss     --       --       --       --       (2,664 )     (2,664 )
                                                 
Balance as of June 30, 2019     5,559       63,850       (1,509 )     1,431       (54,274 )     15,057  
                                                 
For the three months ended June 30, 2019:                                                
Balance as of April 1, 2019     5,559       63,750       (1,509 )     1,431       (53,086 )     16,145  
Share-based payments     --       100       --       --       --       100  
Net loss     --       --       --       --       (1,188 )     (1,188 )
                                                 
Balance as of June 30, 2019     5,559       63,850       (1,509 )     1,431       (54,274 )     15,057  

 

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August 2019 NASDAQ/TASE: NNDM www.nano - di.com

 

 

2 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Forward Looking Statements This presentation of Nano Dimension Ltd . (the “ Company ” ) contains “ forward - looking statements ” within the meaning of the Private Securities Litigation Reform Act and other securities laws . Words such as “ expects, ” “ anticipates, ” “ intends, ” “ plans, ” “ believes, ” “ seeks, ” “ estimates ” and similar expressions or variations of such words are intended to identify forward - looking statements . For example, the Company is using forward - looking statements when it discuss the potential of it ’ s products, target markets, strategic growth plan, the size of it ’ s addressable market, market growth, and expected recurring revenue growth . Forward - looking statements are not historical facts, and are based upon management ’ s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain . Such expectations, beliefs and projections are expressed in good faith . However, there can be no assurance that management ’ s expectations, beliefs and projections will be achieved and actual results may differ materially from what is expressed in or indicated by the forward - looking statements . Forward - looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward - looking statements . For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company ’ s reports filed from time to time with the Securities and Exchange Commission ( “ SEC ” ), including, but not limited to, the risks detailed in the Company ’ s annual report for the year ended December 31 , 2018 , filed with the SEC . Forward - looking statements speak only as of the date the statements are made . The Company assumes no obligation to update forward - looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward - looking information except to the extent required by applicable securities laws . If the Company does update one or more forward - looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward - looking statements .

 

 

3 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 3 NASDAQ / TASE : NNDM Nano Dimension is the world ’ s leading additive electronics provider, targeting the growing demand for sophisticated electronic devices that rely on sensors, antennas and PCBs Our additive manufacturing solutions are mission critical and economical for our customers www.nano - di.com | © 2019 Nano Dimension. All rights reserved.

 

 

4 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Company Timeline 2014 - 2016 2017 2018 2019 2016 : Listed on Nasdaq 2016 - 2017 : Early access trials with Fortune 500 companies 2018 revenues: $ 5.1 m Built global sales and operations infrastructure 2014 : Listed on TASE 2014 - 2016 : R&D 2017 - 2018 : COMMERCIALIZATION First revenues from sales: Q 4 2017 • Opened U.S. and Asia Pacific HQ and demo centers • Recruited 20 value - added resellers world - wide H 1 2019 revenues: $ 2.85 m 43 systems sold worldwide to date 2019 : GROWTH • Developed product, materials & software • Established manufacturing • Built organization • Introduced disruptive new technologies and applications • Entered the Japanese market • Repeat customers

 

 

5 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Introducing the DragonFly LDM ™ System The world ’ s first 3 D printed electronics system with lights - out digital manufacturing technology x New, proprietary, state - of - the - art technology x Enables 24 / 7 low - volume manufacturing of 3 D printed electronics x L ong uninterrupted printing for increased uptime and improved yield x Simpler and faster operation for minimal maintenance x New automatic printhead self - cleaning system x 40 %+ higher printing time than the previous system 30 + PATENT APPLICATIONS

 

 

6 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. The Next Generation in Additive Manufacturing First tested by HENSOLDT, global defense & security pioneer: The DragonFly LDM ™ Lights - Out Digital Manufacturing system is the industry's only comprehensive additive manufacturing platform for round - the - clock 3 D printing of electronic circuitry “ The DragonFly LDM is a necessary evolutionary setup up from the DragonFly Pro, enabling low - volume manufacturing of electronic circuits fast and easy to do in - house, with minimal operator time. It will be a great addition for Hensoldt , enabling us to develop innovative applications faster and with far better machine availability and lower maintenance than ever before ” . Andreas Salomon, responsible project leader, 3 D printed electronics, HENSOLDT The DragonFly LDM supports 3 D printed multilayer PCBs, capacitors, coils, sensors, antennas and more

 

 

7 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Compelling Value Proposition 7 NASDAQ / TASE : NNDM    TIME Reduces development cycles times. Enables on - site prototyping in a matter of hours instead of weeks, even for complex designs.   COST Eliminates need for large order minimums. Enables ability to discover design errors in early development stage with agile rapid prototyping.  COMPLEX GEOMETRIES Enables increased design capabilities & manufacturability of components.  Added agility enables designing, testing and iterating in real time, on site.  COMPONENT CONSOLIDATION Multi - material additive manufacturing enables functional, compact, denser, non - planar electronics parts.  CONFIDENTIALITY Enables retention of sensitive IP in - house during development. Eliminates concerns and costs related to IP infringement.  ENVIRONMENTAL Limits environmental impact through optimized design, size, weight. Reduces waste with additive manufacturing capabilities. www.nano - di.com | © 2019 Nano Dimension. All rights reserved.

 

 

8 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. H 1 2019 Business Highlights Entered Japanese market with sale to one of Japan ’ s largest PCB manufacturers The company sold 13 DragonFly systems, five systems of which were sold in the second quarter of 2019 . This brings the system sales to 43 systems in total worldwide to date Introduces several new applications: • World ’ s first side mounting technology for additively manufactured PCBs • Ball grid arrays (BGAs) and other surface mount technology (SMT) components used for integrated circuits • First fully functional, 3 D printed communication device, at a faster speed than has ever been achieved to date with traditionally made devices EXECUTION! Well positioned in the market and embraced by leading industries: Defense, Manufacturing, Electronics Decisive value proposition bolstered by expanding use cases Expanding productivity and reach of our reseller networks Strengthen IP portfolio

 

 

9 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Unique and First of its Kind Applications for Prototyping • Tens of layers in a 3 mm PCB • Plug - in mini boards • BGA component 3 D support

 

 

10 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Cutting - Edge Applications Packaging: Vertically Integrated ICs Printed Capacitors Printed RF antennas: 1 Gz – 6 Ghz Sensors: touch, torque, strain gauge BGA component 3 D support Unique Additive Manufacturing Capabilities for High - end Production: Breakthrough innovations enable applications never printed before

 

 

11 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. IoT Devices: Battery Holder with RF antenna Additive production 8 mm diameter PROOF OF CONCEPT DESIGN PRODUCTION POTENTIAL: 500 pieces overnight!

 

 

12 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Harris Corporation: RF Amplifier to Space “ Results showed similar RF performance between the 3 D printed version and the baseline amplifier, clearly demonstrating the viability of 3 D printed electronics for RF circuitry. ” - Dr. Arthur Paolella , Senior scientist, Space & Intelligence Systems, Harris Corporation Joint project for space systems communication satellites: 3 D Printed RF antenna designed to operate at 5.2 GHz and an RF amplifier with operation up to 6 GHz. * https://www.harris.com/impact/ 2018 / 11 /harris - to - test - 3 - d - printed - rf - systems - in - space Received a 2 nd grant approval from the Israel Innovation Authority, in cooperation with Harris Corporation, for developing hardware that will fly on the International Space Station (ISS) and communicate with Harris ’ ground - based satellite tracking station.

 

 

13 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. High precision inkjet technology Multi - material 3 D printing Combining conductive nano - silver & dielectric polymers First additive manufacturing for functional 3 D electronics + = Breaking Electronic Design Time and Cost Barriers

 

 

14 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Scalable Technology and Manufacturing Platform In - house DragonFly system manufacturing In - house nano ink manufacturing - Capacity to meet future demand Top quality certified ISO 14001 and OHSAS 18001

 

 

15 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. NASDAQ / TASE NNDM ADS ratio: 1:5 Revenues 2017 : $ 0.8 M 2018 : $ 5.1 M H 1 2019 : $ 2.85 M Shares outstanding 178.5 M ( 35.7 M ADS) * Average quarterly revenue growth ~ 139 % Financial Data * As of August 12 , 2019 Year - Over - Year Growth H 1 2018 H 1 2019 $ 1,723 k $ 2,850 k 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000

 

 

16 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. H 1 2019 Vs. 2018 Sales Breakdown - per Industry Tech/PCB 31 % Reseller s 23 % Research/Univ. 23 % Defense 23 % H 1 2019 Defense 30 % Health 6 % Tech/PCB 7 % Research/Univ. 17 % Resellers 40 % 2018 H 1 2019 presented a positive sales trend to commercial end - customers: 77 % sales to end - customers (vs. 23 % to resellers), compared with 60 % sales to end - customers in 2018 . In number of systems

 

 

17 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. H 1 2019 Vs. 2018 Sales Breakdown - per Region APAC 15 % US 39 % EMEA 46 % H 1 2019 US 53 % APAC 27 % EMEA 20 % 2018 30 systems in 2018 13 systems in H 1 2019

 

 

18 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Worldwide Reach and Expansion Distributors Customers Headquarters Footprint As of August 2019

 

 

19 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Experienced Leadership Team Amit Dror CEO and Co - Founder Yael Sandler CFO Jaim Nulman CTO Sela Chen VP Customer Care Gilad Reshef VP Sales Avi Reichental Chairman of the Board Dan Abraham VP Operations

 

 

20 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. First Mover Advantage and Timing Analysts predict 3 D printed electronics will be the next high - growth application for product innovation: 2017 3 D printed electronics market size is estimated at $ 176 million, expected to reach $ 592 million in 2021 and up to $ 2.4 billion by 2025 * * Source: DataM Intelligence, 2018 0 500 1000 1500 2000 2500 3000 2017 2021 2025 3 D Printed Electronics Market: Growth Forecast* (USD Millions)

 

 

21 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 2017 2019 2021 2023 2025 75 51 36 27 “ All revolutions are disruptive, and Industry 4.0 is no exception. It poses risks, but offers tremendous opportunity: for new products and services, better ways to serve customers, new types of jobs, and wholly new business models. ” Industry 4.0 : Are you ready? Deloitte Review, issue 22 Growth Catalyst: IoT and Industry 4.0 Billions of new connected devices every year! IoT connected devices (billions) * * Source: statista.com Doubles every 5 years

 

 

22 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Open - Ended Revenue Growth Potential INDUSTRY VERTICALS • Defense • IoT • Consumer electronics • Automotive • Aerospace • Telecom • Medical devices • Industrial RESEARCH INSTITUTES • Academic institutions and universities • Research & innovation centers ADDITIVE SERVICES • Additive service bureaus • PCB service bureaus • In - house print services

 

 

23 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Proven Recurring Revenue Model That Scales Razor and blades model: As the installed base of systems grows, the portion of recurring revenues from consumables increases Consumable revenues Printer revenues Timeline

 

 

24 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Strategic Growth Plan Horizon 2 Growth by monetizing commercially available products for additive electronics design Horizon 1 Deliver higher grade production - Additive electronics systems and more materials with new applications Current State Deliver hybridized capabilities that combine mechanical functionality within electrified geometries www.nano - di.com | © 2019 Nano Dimension. All rights reserved.

 

 

25 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Key Highlights Growth company with significant technology and first mover advantage Successfully transitioned from an R&D company to commercial sales Rapidly increasing customer ’ s base and established global presence www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Recognized by industry leaders, won prestigious awards and national grants Continuing innovation developments and constantly introducing revolutionary solutions

 

 

26 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Nano Dimension® Copyright © 20 ϭ 9 Nano Dimension Ltd. Nano Dimension, DragonFly, AgCite and the DragonFly logo are trademarks of Nano Dimension. Printed August 2019 DragonFly ™ Follow us: @nanodimensiontech @ 3 Dpcb www.nano - di.com NASDAQ: NNDM THANK YOU