Nano Dimension Limited (NASDAQ:NNDM) Q3 2023 Earnings Conference Call November 28, 2023 9:00 AM ET
Company Participants
Yoav Stern - Chief Executive Officer
Tomer Pinchas - Chief Operating Officer, acting Chief Financial Officer
Julien Lederman - Vice President, Corporate Development
Conference Call Participants
Ron Rosenberg - Recover Innovations
Sol Zelman - Geri-Care
Operator
Good day ladies and gentlemen. Welcome to Nano Dimension’s third quarter 2023 earnings conference call. My name is Betsy and I’m your Operator for today’s event.
On the call with us today are Yoav Stern, CEO and member of the Board of Directors; Tomer Pinchas, COO and acting 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 yet 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 a business update followed by a question and answer session, at which time the management team will answer your questions.
I would now like to turn the call over to Nano Dimension’s CEO and member of the Board of Directors, Yoav Stern. Please go ahead.
Yoav Stern
Thank you very much. Good day to everybody. This is the third quarter results for 2023. It’s the best third quarter in our history. It’s the best nine months in our history. We completed in the third quarter around the same revenue we had in four quarters last year, and fourth quarter, if proceeds as planned, will take us either close or on budget as we planned earlier this year, so very good, very happy, but we are starting a new stage, which I’ll speak about.
Organic growth was 22%. The organic growth for nine months was 33%. I’m emphasizing organic growth because historically you’ve been asking me many, many times, you did acquisitions, that’s great, the acquisitions were small, but what about organic growth? So in the last 12 months, it’s organic growth because we didn’t do acquisitions, which we are now, and I’ll speak about it separately, are getting into the larger play on M&A, but meanwhile we’re growing organically. We expect the end of the year to be close to 50% growth.