Nano Dimension Ltd (NNDM)
NASDAQ:NNDM
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Nano Dimension
(NASDAQ:NNDM)
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Rating:48Neutral
Price Target:
$1.50
▼(-10.71% Downside)
Action:Reiterated
Date:05/26/26
The score is held back primarily by continued heavy losses and persistent cash burn despite revenue improvement, with technicals also weak (below key moving averages and negative MACD). Balance-sheet strength and earnings-call indications of improved margins and lower cash burn provide partial support, but guidance withdrawal and activist-driven uncertainty limit confidence.
Positive Factors
Balance sheet strength and liquidity
Very low leverage and a sizable cash/equity base provide multi-month runway and financial optionality for executing strategic alternatives. This reduces near-term insolvency risk, enables asset monetizations or tuck-ins without forced financing, and supports disciplined restructuring over the next several months.
Negative Factors
Persistent cash burn and negative FCF
Consistent, large negative operating and free cash flow shows the business is not self-funding. Even with strong liquidity, persistent cash burn erodes reserves and forces continued asset sales, capital raises, or strategic transactions, leaving execution and valuation outcomes uncertain over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength and liquidity
Very low leverage and a sizable cash/equity base provide multi-month runway and financial optionality for executing strategic alternatives. This reduces near-term insolvency risk, enables asset monetizations or tuck-ins without forced financing, and supports disciplined restructuring over the next several months.
Read all positive factors
Nano Dimension (NNDM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$324.46M
Dividend YieldN/A
Average Volume (3M)2.60M
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue Growth101.52%
EPS Growth-310.43%
CountryUS
Employees519
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)-1.56
Shares Outstanding209,208,590
10 Day Avg. Volume2,817,861
30 Day Avg. Volume2,603,490
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.60
Price to Sales (P/S)3.24
P/FCF Ratio-3.22
Enterprise Value/Market Cap0.13
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit1.02
Enterprise Value/Ebitda-0.50
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nano Dimension Business Overview & Revenue Model
Company Description
Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. The company's flagship product is DragonFly IV system that serves cross-industry High-Performance-Electronic-Devices' fabrication nee...
How the Company Makes Money
Nano Dimension primarily makes money by selling electronics manufacturing equipment and related solutions, and by providing ongoing products and services that support customers after installation. Key revenue streams generally include: (1) hardwar...
Nano Dimension Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 25, 2026
Earnings Call Sentiment Neutral
The call presented a mix of clear operational progress and significant strategic transition activity: strong consolidated revenue growth (driven by the Markforged contribution), improved gross margins, meaningful liquidity and visible reductions in cash burn and stand-alone operating expenses. At the same time, the quarter included a large noncash goodwill impairment ($40.4M), a widened adjusted EBITDA loss, a year-over-year decline in stand-alone revenue, and the withdrawal of full-year guidance while the company executes complex monetization and strategic-alternative processes. The company highlighted commercial wins and continued monetization momentum but acknowledged material uncertainty and investor skepticism about certain transactions and future outcomes.Positive Updates
Consolidated Revenue Growth
Q1 revenue of $29.7 million, up approximately 106% year-over-year from $14.4 million, driven primarily by the inclusion of Markforged (Markforged contributed $17.1 million).
Negative Updates
Markforged Goodwill Impairment
The company recorded a noncash goodwill impairment of the full Markforged goodwill balance totaling $40.4 million as of quarter end, reflecting a material reduction in the carrying value of that acquisition.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Revenue Growth
Q1 revenue of $29.7 million, up approximately 106% year-over-year from $14.4 million, driven primarily by the inclusion of Markforged (Markforged contributed $17.1 million).
Read all positive updates
Company Guidance
Management withdrew full‑year financial guidance while it pursues strategic monetizations that could materially change results; for context Q1 revenue was $29.7M (+106% YoY from $14.4M) including $17.1M from Markforged (Nano Dimension stand‑alone revenue $12.6M, down ~12% YoY), gross profit $13.6M with adjusted gross margin ~45.9% (vs 43.3% prior year), operating expenses $26.1M (+~60% YoY; stand‑alone OpEx down ~22% YoY and >4% sequentially from $27.3M, ~20% below a ~$32.5M baseline), adjusted EBITDA loss $12.5M (vs losses of $10.1M YoY and $9.8M sequentially), cash and equivalents plus deposits and marketable securities ~$441.6M (down ~$18M from $459.6M, including an $8.4M fair‑value change and about $9.6M from lower operating cash burn), the AME/Fabrica sale closed April 6 (expected to reduce annualized cash burn by ~ $10M), and a $40.4M non‑cash goodwill impairment related to Markforged was recorded — all cited as reasons to pause guidance until monetizations and strategic options are finalized.Nano Dimension Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 102.44M | 57.77M | 56.31M | 43.63M | 10.49M |
| Gross Profit | 34.34M | 25.00M | 26.06M | 14.05M | 1.12M |
| EBITDA | -86.99M | -89.29M | -48.58M | -219.56M | -198.18M |
| Net Income | -293.30M | -95.89M | -54.55M | -227.42M | -200.78M |
Balance Sheet | |||||
| Total Assets | 638.22M | 901.89M | 1.06B | 1.20B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 288.83M | 757.96M | 851.54M | 1.03B | 1.29B |
| Total Debt | 9.24M | 10.79M | 13.81M | 17.96M | 5.42M |
| Total Liabilities | 86.24M | 43.18M | 48.55M | 53.17M | 45.72M |
| Stockholders Equity | 551.99M | 857.99M | 1.01B | 1.15B | 1.34B |
Cash Flow | |||||
| Free Cash Flow | -103.16M | -59.92M | -115.69M | -101.44M | -468.36M |
| Operating Cash Flow | -102.09M | -57.01M | -105.07M | -92.05M | -42.58M |
| Investing Cash Flow | 969.63K | 140.05M | -166.60M | -67.67M | -496.68M |
| Financing Cash Flow | -15.11M | -74.45M | -105.41M | -5.27M | 804.18M |
Nano Dimension Technical Analysis
Negative
1.68
Price Trends
1.71
Negative
1.78
Negative
1.70
Negative
Market Momentum
-0.02
Positive
41.70
Neutral
22.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNDM, the sentiment is Negative. The current price of 1.68 is above the 20-day moving average (MA) of 1.64, below the 50-day MA of 1.71, and below the 200-day MA of 1.70, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.70 is Neutral, neither overbought nor oversold. The STOCH value of 22.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NNDM.
Nano Dimension Risk Analysis
Nano Dimension disclosed 40 risk factors in its most recent earnings report. Nano Dimension reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nano Dimension Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $418.35M | 63.30 | 18.31% | ― | -2.54% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $427.62M | 6.68 | 26.66% | ― | -10.16% | ― | |
55 Neutral | $762.63M | -6.64 | -13.44% | ― | -2.96% | 10.37% | |
48 Neutral | $324.46M | -0.96 | -58.69% | ― | 101.52% | -310.43% | |
47 Neutral | $185.90M | -1.72 | 64.68% | ― | -8.60% | 65.99% | |
46 Neutral | $258.66M | ― | -55.92% | ― | 61.11% | 66.24% |
* Technology Sector Average
NNDM
Nano Dimension
1.56
0.07
4.70%
DDD
3D Systems
2.91
1.07
58.15%
QMCO
Quantum
12.70
1.55
13.90%
SSYS
Stratasys
8.85
-1.81
-16.98%
OSS
One Stop Systems
16.89
13.69
427.81%
CAN
Canaan
0.36
-0.32
-47.35%
Nano Dimension Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Nano Dimension Board Responds to Murchinson Control Campaign
Negative
May 26, 2026
On May 26, 2026, Nano Dimension’s board issued a letter to shareholders from Waltham, Massachusetts, addressing an amended Schedule 13D filing by activist investor Murchinson Ltd. and affiliates. The board framed the communication as part of...
Business Operations and StrategyM&A Transactions
Nano Dimension Divests Key Product Lines Amid Strategic Review
Neutral
Apr 30, 2026
Nano Dimension Ltd. has been conducting a strategic alternatives review with advisers Guggenheim Securities and Houlihan Lokey to evaluate options for maximizing shareholder value, including its product lines, core technologies, market dynamics an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.