Nano Dimension — Third Quarter 2026 Earnings Summary

Financial Performance:

• Revenue increased 18.7% year-over-year to $31.9 million, driven by Markforged ($18.6 million, +$1.1 million YoY) and Essemtec, with non-Markforged revenue up 41.6% to $13.3 million.
• GAAP gross margin improved to 45.3% from 30.3% YoY, while Adjusted Gross Margin rose to 47.6% from 47.4% YoY.
• Net loss from continuing operations widened to $38.7 million from $29.5 million YoY.
• Adjusted EBITDA loss from continuing operations narrowed to $4.8 million, an improvement from a $16.6 million loss YoY.
• Total cash, cash equivalents, deposits, restricted deposits, and marketable equity securities totaled $396.9 million as of September 30, 2026, down from $433.3 million as of June 30, 2026.
• GAAP operating expenses increased 29.4% YoY to $47.6 million, primarily due to a related party settlement payable and estimated contingencies, partially offset by lower personnel expenses.
• Non-GAAP operating expenses declined 32.2% YoY and 16.5% sequentially to $19.8 million, representing a 39.2% reduction from the Q2 2025 baseline of $32.5 million.
• Deferred revenue stood at $11.858 million (current) and $3.562 million (long-term) as of September 30, 2026.

Guidance and Future Outlook:

• The Company has suspended its full-year 2026 financial guidance due to ongoing strategic actions and potential business changes.
• Management intends to accelerate profitable growth in core businesses, aggressively reduce cost structure, and monetize non-core assets.
• The sale of MarkForged, Inc. to Stratasys Ltd. for $42.5 million is ongoing, with closing expected in the fourth quarter of 2026, subject to regulatory approvals.
• The Company plans to continue deploying capital strategically with a focus on maximizing shareholder returns.

Business Segments and Product Lines:

• Markforged delivered strong results supported by demand in defense and commercial industrial applications, with continued customer engagement and repeat purchases.
• Essemtec reported solid results driven by demand in AI-related electronics manufacturing, aerospace, defense, space/satellite systems, photonics, and sensor applications.
• Revenue from the AME product line decreased by $1.4 million YoY due to its sale.
• The Company is executing margin improvement initiatives across all product lines.

Market and Competitive Landscape:

• No specific market share data or direct competitor comparisons were provided in the press release.
• The Company highlighted strong demand across global markets for its advanced manufacturing solutions in defense, aerospace, and electronics sectors.

Risks and Challenges:

• GAAP operating expenses were significantly impacted by a settlement payable to a related party and estimated contingencies.
• The Company faces risks associated with the completion of the MarkForged sale, including customary closing conditions and regulatory approvals.
• Forward-looking statements involve uncertainties regarding the success of the strategic plan, monetization of assets, and future financial performance.

Management Commentary and Tone:

• CEO Moshe Rozenbaum described Q3 2026 as a "turning point" involving decisive steps to reshape the Company and establish a path to sustainable profitability.
• Management emphasized priorities of accelerating profitable growth, reducing costs, monetizing non-core assets, and disciplined capital allocation.
• The tone reflects a commitment to building a "leaner, more focused and financially stronger organization."

Other Key Points:

• The Company repurchased approximately 7.0 million ordinary shares for $11.1 million during Q3 2026 under its $150 million authorization.
• Subsequent to the quarter, the Company repurchased an additional 5.9 million shares for $8.6 million.
• Moshe Rozenbaum was appointed Chief Executive Officer effective November 3, 2026, following his tenure as Interim CEO since July 21, 2026.
• Nadav Kidron was appointed to the Board of Directors on August 16, 2026, and will chair the newly established Strategy and Capital Allocation Committee.
• The Company will not host a third quarter 2026 earnings conference call.
• Goodwill was reduced to $0 from $40.388 million as of December 31, 2025, reflecting the deconsolidation of subsidiaries.
• A current portion of lease liability decreased to $2.045 million from $8.923 million, and operating lease right-of-use assets decreased to $7.915 million from $23.789 million.