{"id":68753,"date":"2019-07-29T13:32:20","date_gmt":"2019-07-29T05:32:20","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/nano-dimension-reports-q1-2017-results-and-raises-4-million-from-israeli-institution.3dm"},"modified":"2019-07-29T13:32:20","modified_gmt":"2019-07-29T05:32:20","slug":"nano-dimension-reports-q1-2017-results-and-raises-4-million-from-israeli-institution","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/nano-dimension-reports-q1-2017-results-and-raises-4-million-from-israeli-institution\/","title":{"rendered":"Nano Dimension reports Q1 2017 results and raises $4 million from Israeli Institution"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">147<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">116<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">28<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">3<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>3D printed electronics company Nano Dimension (NASDAQ: NNDM) has announced financial results for the first quarter of 2017. Total revenues for the period ending March 31 2017 are $118,000, a $72,000 difference on the company&#8217;s first revenue producing period in Q4 2016 that produced $46,000.<\/p>\n<p>In addition the company has raised approximately $4 million in investment from a private placement agreement with Ayalim Trust Funds.<\/p>\n<figure id=\"attachment_100535\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-100535 size-large\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/Nano-Dimension-3D-printed-electronics-photo-by-Michael-Petch-1024x768.jpg\" alt=\"Nano Dimension 3D printed electronics. Photo by Michael Petch\" width=\"1024\" height=\"768\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/Nano-Dimension-3D-printed-electronics-photo-by-Michael-Petch-1024x768.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/Nano-Dimension-3D-printed-electronics-photo-by-Michael-Petch-770x578.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/Nano-Dimension-3D-printed-electronics-photo-by-Michael-Petch-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/Nano-Dimension-3D-printed-electronics-photo-by-Michael-Petch-500x375.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/Nano-Dimension-3D-printed-electronics-photo-by-Michael-Petch.jpg 1202w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Nano Dimension 3D printed electronics. Photo by Michael Petch<\/figcaption><\/figure>\n<p><strong>&#8220;One step closer&#8221; to commercialization <\/strong><\/p>\n<p>The increase in revenues can be attributed to subsequent beta deliveries of the DragonFly 2020 machine, and more use by its selected customers. As of this quarter, the company has almost doubled its supply of DragonFly 2020s, which are now installed in 13 locations including advanced manufacturer FATHOM, U.S. electronics company PHYTEC and anonymous users in defence, medicine and transportation.<\/p>\n<p>Amit Dror, Nano Dimension\u2019s CEO, comments,<\/p>\n<blockquote>\n<p>The successful delivery of an additional six DragonFly 2020 3D printers during the first quarter doubled our number of beta sites around the world, bringing us one step closer to our primary objective of commercialization. With thousands of unsolicited requests for information on our products, I am confident that we are on track to meet our goal to begin commercial sales of our DragonFly 2020 3D printer by year end.<\/p>\n<\/blockquote>\n<figure id=\"attachment_109476\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-109476 size-large\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/Nano-Dimensions-DragonFly-2020-3D-Printer-1024x886.jpg\" alt=\"Render of the DragonFly 2020 3D Printer. Image via Nano Dimension\" width=\"1024\" height=\"886\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/Nano-Dimensions-DragonFly-2020-3D-Printer-1024x886.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/Nano-Dimensions-DragonFly-2020-3D-Printer-770x666.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/Nano-Dimensions-DragonFly-2020-3D-Printer-200x173.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/Nano-Dimensions-DragonFly-2020-3D-Printer-500x433.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Render of the DragonFly 2020 3D Printer. Image via Nano Dimension<\/figcaption><\/figure>\n<p><strong>$4 million raised <\/strong><\/p>\n<p>The NIS 14.4 Million ($4 million approx.) raised from Israeli institutional investor Ayalim Trust Funds will be used to issue 3,430,000 ordinary shares, restricted for a period of six months by securities laws. The money will also make Ayalim Trust Funds the holder of approximately 6.4% of Nano Dimension\u2019s issued share capital.<\/p>\n<p>This news comes after recent business highlights including funding from the Israeli Ministry of Defense to develop 3D printed ceramics, and Avi Reichental, the former president, CEO and director at 3D Systems joining Nano Dimension&#8217;s board of directors.<\/p>\n<p>Read more about the progress of Nano Dimension in the Future of <a href=\"\/service\/3d-printing\"> guest article from the company&#8217;s co-founder and CBO Simon Fried.<\/a> For how DragonFly 2020 beta customers are using the technology, you can also <a href=\"https:\/\/3dprintingindustry.com\/news\/3d-printing-next-five-years-rich-stump-principal-fathom-110239\/\">read the article from Rich Stump, co-founder and Principal at FATHOM.<\/a><\/p>\n<p>Dror closes his statement on the Q1 2017 report saying,<\/p>\n<blockquote>\n<p>Our printers have now been integrated by industry leaders in the fields of defense, technology, medical devices, smart transportation and manufacturing, among others. The feedback that we have received from these early adopters has been extremely positive and informs our processes as we work to transition from beta testing to commercial sales.<\/p>\n<\/blockquote>\n<p>Further financial details can be found via the company&#8217;s investor relations here.<\/p>\n<p>For more of the latest 3D printing financials and other related news sign up to the <a href=\"\/service\/3d-printing\"> Industry newsletter<\/a>, <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">like us on Facebook<\/a> and <a href=\"https:\/\/twitter.com\/3dprintindustry\">follow us on Twitter.<\/a><\/p>\n<p><em>Featured image: Nano Dimension 3D printed electronics. Photo via FATHOM.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>147shares 116 28 3 3D printed electronics company Nano Dimension (NASDAQ: NNDM) has announced financial results for the first quarter of 2017. Total revenues for the period ending March 31 2017 are $118,000, a $72,000 difference on the company&#8217;s first revenue producing period in Q4 2016 that produced $46,000. In addition the company has raised [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182683,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/Nano-Dimension-3D-printed-electronics-photo-by-Michael-Petch-1024x768.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nano Dimension reports Q1 2017 results and raises $4 million from Israeli Institution - FacFox News<\/title>\n<meta name=\"description\" content=\"147shares1162833D printed electronics company Nano Dimension (NASDAQ: NNDM) has announced financial results for the first quarter of 2017. 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