April 2, 2023
Stratasys rejected the initial offer of $1.1 billion. Calling Stratsys to cancel the “poison pill”. Nanodimension revenues in 2022 grew 3 times to 43.6 million dollars. The net loss: 228 million dollars
[בתמונה: מנכ”ל ננו-דיימנשן, יואב שטרן]
The Nano-Dimension company ended the year 2022 with revenues of 43.6 million dollars, more than 3 times (317%) of the revenues in 2021 – according to the financial report published by the company on Thursday last week. Revenues in the fourth quarter of 2022 stood at 12.1%, an increase of 21% compared to the third quarter.
Bottom line, the company recorded a net peak of $228 million, compared to a net loss of $205 million in 2021. An amount of 75.7 million dollars was invested in R&D. Nano-Dimension also published data on the increase in revenues recorded by some of the companies it acquired in the last year in the field of printed circuits. Admatech’s revenue grew 60% in the last six months, Essemtech’s revenue grew 8% in the last 12 months, while GIS’s revenue grew 4% in the last 12 months.
Not giving up Stratsys
Meanwhile, Nano-Dimension continues its efforts to promote the acquisition of Stratasys. After Stratasys rejected its initial offer, in the amount of 1.1 billion dollars, a few days ago Nano-Dimension raised its offer to 1.2 billion, according to a price of 19.55 dollars per share, A 51% premium over the average share price in the last 60 days. Also, nanodimension reads For Stratasys to remove the “poison pill” adopted by the company in an attempt to prevent a takeover by Nano-Dimension, and to allow the shareholders to express their position regarding the proposed transaction.
CEO of Nano-Dimension, Yoav Stern, commented on the improved offer and said that it “Illustrates our commitment to complete the strategic integration with Stratasys, which will provide immediate and certain value to shareholders, and will allow us to create a market-leading company in the rapidly growing additive manufacturing (AM) printing sector. We are ready to carry out an immediate due diligence and act quickly with Stratasys in order to reach an agreed deal quickly.”
Posted in categories: 3D-PRINTING, profit reports, news
Posted in tags: nano-dimension, Stratsys
