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    Katherine Thompson • Edison Group

    Katherine Thompson's questions to Nano Dimension Ltd (NNDM) leadership

    Katherine Thompson's questions to Nano Dimension Ltd (NNDM) leadership • Q3 2024

    Question

    Katherine Thompson asked for details on customer reactions to the proposed acquisitions, an update on the regulatory timeline for the deals, and clarification on whether the path to breakeven would be driven by cost or revenue synergies.

    Answer

    Executive Yoav Stern described customer reaction as "extremely excited," citing direct feedback at the Formnext trade show. He confirmed the Desktop Metal acquisition is expected to close in Q4 and Markforged in Q1 2025, pending final regulatory approvals like CFIUS. Stern clarified that profitability, expected around early 2026, will primarily be driven by significant cost-cutting and synergies post-merger, rather than revenue synergies initially.

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    Katherine Thompson's questions to Nano Dimension Ltd (NNDM) leadership • Q2 2024

    Question

    Katherine Thompson asked for an update on the post-merger integration planning with Desktop Metal, more detail on the timing for regulatory approvals for the deal, and whether the company plans to continue its share buyback program.

    Answer

    Executive Yoav Stern explained that the Post-Merger Integration (PMI) process is proceeding well, with joint teams planning daily for a seamless transition post-closing. He anticipates no major issues with regulatory approvals like CFIUS, citing the friendly relationship between the U.S. and Israel. Stern also confirmed the company has an approved allocation of nearly $150 million for future share repurchases, to be executed as market conditions and regulations permit.

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    Katherine Thompson's questions to Nano Dimension Ltd (NNDM) leadership • Q1 2024

    Question

    Katherine Thompson of Edison asked for an assessment of current customer demand, whether the Q1 cost base represents a new steady state, and if the company plans to continue share buybacks at a similar pace.

    Answer

    CEO Yoav Stern characterized customer demand as varying by vertical, noting strong activity in defense, particularly in Europe and the US, with some weakness in the German general electronics market. He confirmed that the cost base will be reduced further from Q1 levels and stated that future share buybacks are a matter of capital allocation, weighed quarterly against R&D and acquisition opportunities.

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