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Nano Dimension's Q1 Revenue Drops, But Cost-Cutting Measures Show Promise

Nano Dimension Ltd (NASDAQ:NNDM) reported fiscal first-quarter revenues of $13.36 million, down by 10.7% year-on-year. The decrease is attributed to decreased sales of the company’s product lines. Adjusted gross margin improved by 265 bps to 49.8% courtesy of the company’s pricing of its sophisticated hi-tech products. EPS loss of $0.15 was down from $0.09 profit last year. Operating loss in the quarter under ...