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Nano Dimension: Major Commercialisation Milestones Reached

By Edison Stock MarketsNov 21, 2016 08:06AM ET
www.investing.com/analysis/nano-dimension---major-commercialisation-milestones-reached-200165755
Nano Dimension: Major Commercialisation Milestones Reached
By Edison   |  Nov 21, 2016 08:06AM ET
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Q3 was an exciting quarter for Nano Dimension Ltd (NASDAQ:NNDM) as it delivered its first DragonFly systems to potential customers for evaluation and raised US$13.8m (gross) to provide finance as it moves into the commercial phase of development. The company appears on track to complete the beta testing phase mid-2017 and to deliver 50 printers during FY17. However, we have revised our estimates down to model the impact of moving to a leasing model during the beta test phase while leaving our indicative valuation broadly unchanged.

Nano Dimension
Nano Dimension

Major milestones to commercialisation reached

Nano Dimension delivered the first two DragonFly 2020 printers for evaluation during Q3. The first went to an Israeli defence company, the second to a distribution partner in California. Management notes that feedback so far has been positive. All of this will potentially generate leasing revenues, although maximising this is less important than getting technical feedback and establishing long-term relationships with quality customers. Management expects to deliver a total of 50 printers during FY17, including around 35 in the commercial roll-out during H217 and to scale this up further during FY18.

To read the entire report Please click on the pdf File Below

Nano Dimension: Major Commercialisation Milestones Reached
 

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Nano Dimension: Major Commercialisation Milestones Reached

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