Why Nano Dimension Stock Soared Today
Nano Dimension (NASDAQ: NNDM) stock surged on Wednesday. The company's share price closed out the daily session up 16.7%, according to data from S&P Global Market Intelligence.
Before the market opened this morning, Nano Dimension published preliminary second-quarter results that came in ahead of Wall Street's expectations. The 3D-printing specialist also announced it is poised to acquire another player in the additive manufacturing space.
With its preliminary Q2 earnings release, Nano Dimension reported unaudited revenue of $14.8 million for the period. While the figure came in just slightly above the $14.74 million in sales it posted in Q2 2023, it represented an 11% sequential increase from its sales in this year's first quarter. The sequential sales uptick suggests Nano has either landed a new customer or another significant purchase from an existing client, and investors are bullish on the news.
Source Fool.com
