Nano Dimension CEO outlines progress on strategic restructuring plan

Nano Dimension Ltd. (NASDAQ: NNDM) released a letter from Chief Executive Officer David Stehlin detailing the company's progress on a three-phase strategic restructuring plan initiated in September 2025.

The company reported a 22% year-over-year decline in standalone operating expenses for the first quarter of 2026, with operating cash burn decreasing each quarter since the third quarter of 2025. Stehlin stated that operating expenses fell 20% compared to a baseline of approximately $32.5 million from the second quarter of 2025.

Nano Dimension completed asset sales including the AME and Fabrica product lines for $2.0 million upfront with up to $10.5 million in potential deferred consideration. The company announced a $42.5 million all-cash sale of MarkForged, Inc. to Stratasys. These transactions are expected to reduce annualized cash burn by approximately $25 million.

The company maintains liquidity of approximately $441.6 million in cash, cash equivalents, deposits, restricted deposits, and marketable equity securities as of March 31, 2026.

Stehlin indicated that the board and management have narrowed their focus to a subset of strategic alternatives targeting high-growth opportunities. The company expects to announce its path forward in the coming weeks.

The CEO addressed share repurchase restrictions, explaining that buyback activity has been prohibited due to material non-public information associated with the ongoing strategic review process. He noted these restrictions are standard regulatory requirements for such processes.

Any strategic transaction requiring shareholder approval will be submitted to shareholders for a vote, according to the letter. The company plans to provide additional information regarding its strategic plan in the coming weeks.

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