Nano Dimension Ltd. (NASDAQ:NNDM) Q2 2023 Earnings Conference Call August 21, 2023 9:00 AM ET
Company Participants
Yoav Stern - Chairman & CEO
Julien Lederman - VP Corporate Development, M&A, Strategy, & IR
Conference Call Participants
Katherine Thompson - Edison
Operator
Good day, ladies and gentlemen. Welcome to Nano Dimension's Second Quarter 2023 Earnings Conference Call. My name is Anthony, and I'm your operator for today's event. On the call with us today are Yoav Stern, Chairman and CEO; Yael Sandler, CFO; and Julien Lederman, VP of Corporate Development.
Before we begin, may I remind our listeners that certain information provided on this call may contain forward-looking statements and the safe harbor statement outlined in today's earnings press release also pertains to statements made on this call. If you have not received a copy of the press release, please view it in the Investor Relations section of the company's website. A replay of today's call will also be available on the Investor Relations section of the Company's website. Yoav will begin the call with some business updates followed by a question-and-answer session at which time the management team will answer questions.
I would now like to turn the call over to Nano Dimension's Chairman and CEO, Yoav Stern. Yoav, please go ahead.
Yoav Stern
Thank you very much. Hi, everybody. Welcome to the call, We will go through the presentation and then we'll open it to Q&A.
Turning to Slide number 3. Our quarter was an excellent quarter. It follows two other excellent quarters. Actually, it was Q4 of 2022, Q1 of 2023, and now Q2, each quarter was a stellar -- the quarters were best quarters of the company until now. The key highlights is, first of all, in our opinion, it's 5 times, there is an organic growth for all people who were asking this for long time and not to speak about some Canadians that are also lying about these numbers, our growth in organic growth in the last three and a half quarters is about 47%.
Our growth from the same quarter last year is 33%, and revenue is higher from -- in the first half is higher by 38% from 2022. More importantly, our gross margins dramatically increased by 81% and 185% for the quarter and half, and they went up from 40% to 48%, depends if you're speaking about adjusted gross margin or gross margin. And you can see there is in the first column on the left in the bottom comparison for quarters both in IFRS and non-IFRS.