Nano Dimension reports Q3 EPS (26c) vs. (7c) last year

Reports Q3 revenue $10M vs. $1.34M last year. Yoav Stern, Chairman & CEO, comments: "The comparable increases of revenue of Q3 2022 over Q3 2021 and year-to-date over last-year-year-to-date - highlight the business' continued success in growing dramatically, better than our expectations as expressed last year. We also finished the third quarter with a record backlog of approximately $9M. All our product lines' revenue grew organically exceptfor additive electronics machines in Europe: As a result of the Russia-Ukraine war, our revenues in Russia and Poland were reduced in the first 9 months of 2022 by approximately $1.5M compared to the same period in 2021. Additionally, we understand from other customers there that the continued components' supply chainshortages have caused them to request a delay in delivery of additive electronic machines. Sales and deliveries in the USA of similar machines grew organically by 45% over the 9 months ended September 30th, 2022, compared to the similar period in 2021. The Gross Margin is a bit lower than we have anticipated, which is a result of the above mentioned held-back deliveries in Europe without reducing the fixed manufacturing overhead. The inherent gross margin of that technology is above 30%, as it has been for years, and it is within the typical range for that industry segment. We sold 69 machines of this kind since 1-1-2022. The Q3/2022 lower gross margin is also a result of trading up old AME machines with new ones, which are transactions at lower gross margins than the regular new AME machine sales."