---
title: "Nano Dimension report FY 2024 revenue of $57.8M, +2.6% YoY"
url: https://www.voxelmatters.com/nano-dimension-report-fy-2024-revenue-of-56-2m-22/
date: 2025-05-05
modified: 2025-07-26
lang: en
author: "Davide Sher"
description: "Nano Dimension has reported its 2024 financial results, marking a year of restructuring, operational discipline, and renewed strategy. Under the leadership of CEO Ofir Baharav and a newly reconstituted board,..."
categories:
  - "Acquisitions, Mergers & Partnerships"
  - "AM Industry"
  - "Financial Reports"
  - "Money & Funding"
tags:
  - "top news"
image: https://www.voxelmatters.com/wp-content/uploads/2024/12/nano-dimension-640x480.jpg
word_count: 566
---

# Nano Dimension report FY 2024 revenue of $57.8M, +2.6% YoY

[Nano Dimension](https://www.voxelmatters.directory/company/nano-dimension/) has reported its 2024 financial results, marking a year of restructuring, operational discipline, and renewed strategy. Under the leadership of CEO Ofir Baharav and a newly reconstituted board, the company is executing a focused transformation aimed at long-term shareholder value creation. For the full year 2024, Nano Dimension reported revenues of $57.8 million, reflecting a 2.6% increase compared to $56.3 million in 2023. Fourth-quarter revenue reached $14.6 million, a 0.8% increase from the prior year.

![](https://www.voxelmatters.com/wp-content/uploads/2023/11/Formnext_2023_IMG_8875-rotated-e1746434072757.jpg)Nano Dimension parts at Formnext 2023.

Gross profit for the year was $25 million, while adjusted gross profit—which excludes amortization and share-based compensation—was $26.4 million, resulting in an adjusted gross margin of 45.7%. In Q4 2024, adjusted gross margin stood at 36.3%, reflecting improvements from cost reductions and a streamlined product portfolio.

However, profitability challenges remain. Net loss for the full year increased significantly to $96.9 million, a 74% rise compared to 2023. The fourth quarter alone saw a net loss of $9.1 million, up 576% year-over-year. This increase was primarily driven by the revaluation of the company’s investment in Stratasys shares, highlighting the ongoing financial complexity behind the restructuring.

The year began with [a full-scale review of Nano Dimension’s core operations](https://www.voxelmatters.directory/?s=nano+dimension&where=&company_category=&cat=&search_simple=Search). The company streamlined its structure, exited underperforming business lines, and sharpened its focus on two main product groups: Additively Manufactured Electronics (AME) and surface-mount technology (SMT). As a result of these decisive actions, annualized core operating expenses were reduced by over $20 million. Revenue per employee grew by 52%, from $147,000 to $223,000.

This transformation was also shaped by leadership’s deep engagement across all levels of the business. Baharav visited nearly every company site, including recently acquired [Desktop Metal](https://www.voxelmatters.directory/company/desktop-metal/) and [Markforged](https://www.voxelmatters.directory/company/markforged/) facilities, gaining direct insights into operational strengths and inefficiencies. “These experiences have only increased my confidence in our future,” Baharav said. “We are well-positioned to unlock our full potential.”

The Desktop Metal and Markforged acquisitions have been met with a strategic, measured approach. While both companies bring technologies supporting Nano Dimension’s vision for advanced digital manufacturing, Baharav emphasized objectivity in managing the inherited challenges.

Desktop Metal was highlighted as facing immediate financial strain. With $115 million in outstanding convertible notes and limited liquidity, the company is undergoing a strategic review. Nano Dimension has provided limited short-term financing to maintain operations, but further support is not guaranteed. “No assurances can be given as to the outcome or timing of Desktop Metal’s strategic review process or our consideration of whether or in what amount to provide additional financing,” the company stated.

Markforged is still under internal evaluation. Nano Dimension is applying the same discipline and performance-driven mindset to assess its future role in the group. The company's situation, however, appears less dire, as Markforged brings to the table proven metal and composite solutions that tightly integrate hardware, cloud-based AI-enhanced software, and materials science. Its install base of over 15,000 systems across leading industrial customers can be a strong platform for expanding Nano Dimension’s reach.

Updates on both companies are expected during a strategic update event scheduled for June 2025.

Looking ahead, Nano Dimension is positioning itself as a leader in industrial digital manufacturing. The company aims to meet growing global demand for complex, scalable, and secure production solutions by combining software, machine learning, materials science, and hardware. The company’s focus on execution, capital discipline, and transparency signals a long-term commitment to building enduring value.