Nano Dimension (NASDAQ:NNDM) Announces Earnings Results, Misses Expectations By $0.11 EPS

Nano Dimension (NASDAQ:NNDM) released its earnings results on Thursday. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.11), FiscalAI reports. Nano Dimension had a negative net margin of 118.38% and a negative return on equity of 29.44%. The company had revenue of $31.91 million during the quarter, compared to analysts’ expectations of $5.50 million.

Nano Dimension Trading Up 5.2%

Shares of NNDM traded up $0.07 during midday trading on Friday, reaching $1.32. 1,245,613 shares of the company were exchanged, compared to its average volume of 1,266,598. Nano Dimension has a 1-year low of $1.19 and a 1-year high of $2.32. The stock has a 50-day moving average price of $1.49 and a 200-day moving average price of $1.63. The company has a market cap of $278.31 million, a price-to-earnings ratio of -2.87 and a beta of 1.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Dimension in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Nano Dimension currently has a consensus rating of “Sell”.

About Nano Dimension

Nano Dimension Ltd. is an additive manufacturing company that develops and supplies systems for producing specialized electronic and industrial components. The company focuses on Additively Manufactured Electronics (AME), which combines conductive and dielectric materials to create complex printed circuit boards and other electronic structures.

Its product portfolio has included the DragonFly platform, an inkjet-based system designed to manufacture multilayer printed circuit boards, antennas and related electronic components.