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The Company expects to report a record estimated revenue of $1.6 million for the third quarter of 2018, compared with $1,088,000 in the second quarter of 2018, and $143,000 in the third quarter of 2017. The Company expects to report revenues of approximately $3,323,000 for the nine-month period ended September 30, 2018, compared with $414,000 for the nine-month period ended September 30, 2017.
"We are very pleased with the healthy sequential growth in revenue of approximately 47% for the quarter driven by increased sales of end-user systems from the expansion of our global sales channel," said Amit Dror, CEO of Nano Dimension. "We expect this growth trajectory to continue during the fourth quarter and beyond as we effectively execute our revenue growth and geographical expansion plans and expand the breadth of our applications."
During the third quarter, the Company reached significant milestones, including becoming a certified U.S. Department of Defense vendor, which strengthened its position and sales in the U.S. defense vertical.
The preliminary results and estimates presented in this release are based on current expectations and are subject to period-end closing adjustments and completion of review procedures. Actual results may differ.
About Nano Dimension
Nano Dimension is a leading additive electronics provider of precision 3D printed electronics that is disrupting, reshaping, and defining how functional and connected products are made. With its unique additive manufacturing technologies, Nano Dimension targets the growing demand for electronic devices that require sophisticated features. Demand for circuitry, including PCBs, sensors and antennas - which are the heart of electronic devices - cover a diverse range of industries, including consumer electronics, medical devices, defense, aerospace, automotive, IoT and telecom. These sectors can all benefit greatly from Nano Dimension's products and services for short-run manufacturing and rapid prototyping. For more information, please click here.