NNDM
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -5.64 | -10.91 | -2.61 | -4.69 |
| Price to Sales | 9.35 | 10.57 | 13.63 | 89.83 |
| Book Value Per Common Share | 3.98 | 4.91 | 4.45 | 5.22 |
| Price to Book | 0.62 | 0.49 | 0.52 | 0.73 |
| Price to Operating Cash Flow | -9.48 | -5.67 | -6.46 | -22.08 |
| Price to Free Cash Flow | -9.02 | -5.14 | -5.86 | -17.98 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -6.54 | -1.95 | -14.45 | -62.00 | -61.25 |
| Price to Sales | 12.90 | 13.67 | 23.87 | 37.46 | 39.39 |
| Book Value Per Common Share | 2.78 | 3.02 | 3.83 | 3.98 | 4.02 |
| Price to Book | 0.56 | 0.54 | 0.42 | 0.62 | 0.61 |
| Price to Operating Cash Flow | -14.35 | -7.69 | -16.88 | -43.97 | -42.10 |
| Price to Free Cash Flow | -14.23 | -7.66 | -16.63 | -42.18 | -40.70 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 2.59 | 29.06 | 315.83 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 4.05 | 79.41 | -1.15 | -1.93 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 3.48 | 3.43 | 3.99 | 5.21 |
| Quick Ratio | 25.00 | 25.35 | 28.21 | 40.50 |
| Current Ratio | 25.61 | 25.93 | 28.74 | 41.00 |
| Debt to Equity | 0.05 | 0.05 | 0.05 | 0.03 |
| Long-Term Debt to Equity | 0.01 | 0.01 | 0.01 | 0.01 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 2.33 | 2.01 | 3.45 | 3.44 | 3.18 |
| Quick Ratio | 10.77 | 2.50 | 14.23 | 25.00 | 27.95 |
| Current Ratio | 11.70 | 3.48 | 14.55 | 25.61 | 28.65 |
| Debt to Equity | 0.15 | 0.35 | 0.08 | 0.05 | 0.05 |
| Long-Term Debt to Equity | 0.07 | 0.06 | 0.01 | 0.01 | 0.01 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -10.63 | -5.13 | -18.90 | -14.44 |
| ROE | -11.17 | -5.37 | -19.77 | -14.94 |
| Gross Margin | 43.26 | 45.21 | 32.20 | 10.69 |
| Operating Margin | -166.11 | -97.88 | -522.20 | -1958.38 |
| EBITDA Margin | -154.55 | -86.26 | -505.51 | -1888.02 |
| Net Profit Margin | -165.98 | -96.87 | -521.22 | -1913.44 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -7.66 | -20.37 | -2.65 | -0.98 | -1.05 |
| ROE | -8.79 | -27.45 | -2.85 | -1.03 | -1.10 |
| Gross Margin | 30.29 | 27.26 | 41.01 | 33.31 | 48.00 |
| Operating Margin | -108.69 | -42.78 | -153.14 | -475.13 | -66.38 |
| EBITDA Margin | -83.51 | -16.53 | -142.72 | -463.37 | -56.08 |
| Net Profit Margin | -197.16 | -700.69 | -165.09 | -60.44 | -64.34 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 901,889.00 | 1,064,338.00 | 1,203,458.00 | 1,389,955.00 |
| Current Assets | 789,326.00 | 893,988.00 | 1,064,318.00 | 1,311,895.00 |
| Cash and Short-Term Investments | 757,959.00 | 851,538.00 | 1,032,025.00 | 1,291,224.00 |
| Cash and Cash Equivalents | 317,169.00 | 309,571.00 | 685,362.00 | 853,626.00 |
| Short-Term Investments | 440,790.00 | 541,967.00 | 346,663.00 | 437,598.00 |
| Net Receivables | 12,529.00 | 22,223.00 | 12,833.00 | 4,576.00 |
| Inventory | 16,899.00 | 18,390.00 | 19,400.00 | 11,199.00 |
| Other Current Assets | 1,939.00 | 1,837.00 | 60.00 | 4,896.00 |
| Non-Current Assets | 112,563.00 | 170,350.00 | 139,140.00 | 78,060.00 |
| Property, Plant, Equipment Net | 23,450.00 | 28,788.00 | 22,382.00 | 12,181.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,155.00 | 2,235.00 | 0 | 0 |
| Long-Term Investments | 86,190.00 | 138,446.00 | 114,984.00 | 64,371.00 |
| Non-Current Deferred Assets | 0 | 0 | 115.00 | 1,007.00 |
| Other Non-Current Assets | 0 | 881.00 | 0 | 0 |
| Liabilities | 43,182.00 | 48,552.00 | 53,166.00 | 45,724.00 |
| Current Liabilities | 30,816.00 | 34,472.00 | 37,033.00 | 31,996.00 |
| Payables and Expenses | 13,102.00 | 14,590.00 | 10,285.00 | 6,742.00 |
| Account Payables | 4,249.00 | 4,696.00 | 3,722.00 | 2,833.00 |
| Current Accrued Liabilities | 5,723.00 | 7,208.00 | 4,899.00 | 2,678.00 |
| Short-Term Debt | 3,968.00 | 4,473.00 | 4,846.00 | 2,086.00 |
| Other Current Liabilities | 13,746.00 | 15,409.00 | 21,902.00 | 23,168.00 |
| Non-Current Liabilities | 12,366.00 | 14,080.00 | 16,133.00 | 13,728.00 |
| Long-Term Debt | 6,823.00 | 9,337.00 | 13,110.00 | 4,440.00 |
| Other Non-Current Liabilities | 5,543.00 | 4,743.00 | 3,023.00 | 9,288.00 |
| Equity | 858,707.00 | 1,015,786.00 | 1,150,292.00 | 1,344,231.00 |
| Shareholders Equity | 857,992.00 | 1,014,775.00 | 1,149,525.00 | 1,343,356.00 |
| Capital Stock | 409,145.00 | 400,700.00 | 388,406.00 | 386,665.00 |
| Share Premium | 1,304,617.00 | 1,299,542.00 | 1,296,194.00 | 1,266,027.00 |
| Retained Earnings | -687,101.00 | -591,207.00 | -536,657.00 | -309,234.00 |
| Treasury Shares | 167,651.00 | 97,896.00 | 1,509.00 | 1,509.00 |
| Accumulated Other Comprehensive Income | -1,018.00 | 3,636.00 | 3,091.00 | 1,407.00 |
| Minority Interest | 715.00 | 1,011.00 | 767.00 | 875.00 |
| Debt | 10,791.00 | 13,810.00 | 17,956.00 | 6,526.00 |
| Common Shares Outstanding | 215,776.70 | 206,569.65 | 258,563.61 | 257,375.88 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 57,775.00 | 56,314.00 | 43,633.00 | 10,493.00 |
| Cost Of Revenue | 32,780.00 | 30,856.00 | 29,582.00 | 9,371.00 |
| Interest Income | 42,573.00 | 45,904.00 | 18,449.00 | 3,832.00 |
| Interest Expense | 557.00 | 477.00 | 180.00 | 237.00 |
| Non-Interest Expense | 63,881.00 | 87,666.00 | 65,633.00 | 42,147.00 |
| Gross Profit | 24,995.00 | 25,458.00 | 14,051.00 | 1,122.00 |
| Operating Expenses | 110,133.00 | 150,338.00 | 145,053.00 | 84,043.00 |
| Selling, General and Administrative Expenses | 63,881.00 | 87,666.00 | 65,633.00 | 42,147.00 |
| Research and Development Expenses | 37,157.00 | 62,004.00 | 75,763.00 | 41,686.00 |
| Other Operating Expenses | 5,966.00 | -1,627.00 | 1,592.00 | 0 |
| Operating Income | -85,138.00 | -124,880.00 | -131,002.00 | -82,921.00 |
| Net Non-Operating Income | 0 | -469.00 | -217.00 | -121.00 |
| EBT | -96,526.00 | -55,598.00 | -228,031.00 | -205,730.00 |
| Income Tax | 397.00 | 62.00 | 264.00 | -4,906.00 |
| Net Income Including Non-Controlling Interests | -96,923.00 | -55,660.00 | -228,295.00 | -200,824.00 |
| Net Income Non-Controlling Interests | 1,029.00 | 1,110.00 | 872.00 | 47.00 |
| Net Income | -95,894.00 | -54,550.00 | -227,423.00 | -200,777.00 |
| EBIT | -95,969.00 | -55,121.00 | -227,851.00 | -205,493.00 |
| Deprecation and Amortization | 6,675.00 | 6,544.00 | 7,283.00 | 7,383.00 |
| EBITDA | -89,294.00 | -48,577.00 | -220,568.00 | -198,110.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 217,940.91 | 248,019.00 | 258,435.23 | 247,872.84 |
| Average Shares Outstanding Diluted | 217,940.91 | 248,115.00 | 258,435.23 | 247,872.84 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -57,010.00 | -105,069.00 | -92,054.00 | -42,649.00 |
| Operating Net Income | -96,923.00 | -55,660.00 | -228,295.00 | -200,824.00 |
| Deprecation and Amortization | 6,675.00 | 6,544.00 | 7,283.00 | 7,383.00 |
| Deferred Income Tax | 0 | -11.00 | -581.00 | -5,013.00 |
| Share Based Compensation | 13,883.00 | 20,101.00 | 32,563.00 | 29,782.00 |
| Change in Working Capital | 7,750.00 | -7,251.00 | -1,167.00 | 2,717.00 |
| Other Operating Activities | 11,605.00 | -68,792.00 | 98,143.00 | 123,306.00 |
| Investing Cash Flow | 140,052.00 | -166,600.00 | -67,673.00 | -496,680.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -2,196.00 | -9,098.00 | -9,388.00 | -9,761.00 |
| Net Purchase/Sale of Investments Net | 100,530.00 | -189,060.00 | -36,220.00 | -416,019.00 |
| Net Purchase/Sale of Business | 0 | -9,255.00 | -41,765.00 | -74,574.00 |
| Other Investing Activities | 41,718.00 | 40,813.00 | 19,700.00 | 3,674.00 |
| Financing Cash Flow | -74,447.00 | -105,414.00 | -5,273.00 | 804,249.00 |
| Net Issuance/Repayment of Debt | -4,704.00 | -5,359.00 | -4,557.00 | -2,308.00 |
| Net Issuance/Repurchase of Equity | -69,755.00 | -96,387.00 | 0 | 805,497.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 1,060.00 |
| Net Change in Cash | 8,595.00 | -377,083.00 | -165,000.00 | 264,920.00 |
| Cash at Beginning of Period | 309,571.00 | 685,362.00 | 853,626.00 | 585,338.00 |
| Cash at End of Period | 317,169.00 | 309,571.00 | 685,362.00 | 853,626.00 |
| Free Cash Flow | -59,917.00 | -115,691.00 | -101,442.00 | -52,410.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 691,940.00 | 888,838.00 | 898,231.00 | 901,889.00 | 908,123.00 |
| Current Assets | 582,208.00 | 657,250.00 | 778,933.00 | 789,326.00 | 797,637.00 |
| Cash and Short-Term Investments | 513,827.00 | 438,146.00 | 744,665.00 | 757,959.00 | 760,751.00 |
| Cash and Cash Equivalents | 299,357.00 | 184,545.00 | 487,438.00 | 317,169.00 | 213,660.00 |
| Short-Term Investments | 214,470.00 | 253,601.00 | 257,227.00 | 440,790.00 | 547,091.00 |
| Net Receivables | 22,087.00 | 33,154.00 | 17,376.00 | 12,529.00 | 17,316.00 |
| Inventory | 38,616.00 | 42,524.00 | 16,832.00 | 16,899.00 | 19,510.00 |
| Other Current Assets | 7,678.00 | 143,426.00 | 60.00 | 1,939.00 | 60.00 |
| Non-Current Assets | 109,732.00 | 231,588.00 | 119,298.00 | 112,563.00 | 110,486.00 |
| Property, Plant, Equipment Net | 50,650.00 | 60,200.00 | 21,541.00 | 23,450.00 | 26,824.00 |
| Goodwill | 33,356.00 | 33,356.00 | 0 | 0 | 0 |
| Intangible Assets | 22,471.00 | 23,672.00 | 0 | 2,155.00 | 0 |
| Long-Term Investments | 0 | 111,203.00 | 94,915.00 | 86,190.00 | 80,566.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 89,131.00 | 229,332.00 | 65,349.00 | 43,182.00 | 40,523.00 |
| Current Liabilities | 49,761.00 | 188,818.00 | 53,546.00 | 30,816.00 | 27,837.00 |
| Payables and Expenses | 29,189.00 | 30,530.00 | 49,483.00 | 13,102.00 | 23,675.00 |
| Account Payables | 12,087.00 | 12,012.00 | 30,685.00 | 4,249.00 | 3,433.00 |
| Current Accrued Liabilities | 16,102.00 | 17,518.00 | 0 | 5,723.00 | 0 |
| Short-Term Debt | 9,000.00 | 9,676.00 | 4,063.00 | 3,968.00 | 4,162.00 |
| Other Current Liabilities | 11,572.00 | 148,612.00 | 0.00 | 13,746.00 | 0.00 |
| Non-Current Liabilities | 39,370.00 | 40,514.00 | 11,803.00 | 12,366.00 | 12,686.00 |
| Long-Term Debt | 196.00 | 26,517.00 | 6,103.00 | 6,823.00 | 7,762.00 |
| Other Non-Current Liabilities | 39,174.00 | 13,997.00 | 5,700.00 | 5,543.00 | 4,924.00 |
| Equity | 602,809.00 | 659,506.00 | 832,882.00 | 858,707.00 | 867,600.00 |
| Shareholders Equity | 602,809.00 | 659,506.00 | 832,391.00 | 857,992.00 | 866,635.00 |
| Capital Stock | 417,108.00 | 412,766.00 | 410,973.00 | 409,145.00 | 407,338.00 |
| Share Premium | 1,295,359.00 | 1,297,822.00 | 1,300,382.00 | 1,304,617.00 | 1,303,332.00 |
| Retained Earnings | -937,018.00 | -884,013.00 | -710,876.00 | -687,101.00 | -678,296.00 |
| Treasury Shares | 173,264.00 | 167,651.00 | 167,651.00 | 167,651.00 | 167,651.00 |
| Accumulated Other Comprehensive Income | 624.00 | 582.00 | -437.00 | -1,018.00 | 1,912.00 |
| Minority Interest | 0 | 0 | 491.00 | 715.00 | 965.00 |
| Debt | 9,196.00 | 36,193.00 | 10,166.00 | 10,791.00 | 11,924.00 |
| Common Shares Outstanding | 216,933.81 | 218,362.26 | 217,283.48 | 215,776.70 | 215,776.70 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 26,884.00 | 25,837.00 | 14,401.00 | 14,569.00 | 14,856.00 |
| Cost Of Revenue | 18,740.00 | 18,794.00 | 8,495.00 | 9,716.00 | 7,725.00 |
| Interest Income | 6,674.00 | 14,352.00 | 18,035.00 | 9,241.00 | 11,449.00 |
| Interest Expense | 258.00 | 234.00 | 1,935.00 | -60,481.00 | 39.00 |
| Non-Interest Expense | 24,307.00 | 32,097.00 | 8,978.00 | 15,048.00 | 17,702.00 |
| Gross Profit | 8,144.00 | 7,043.00 | 5,906.00 | 4,853.00 | 7,131.00 |
| Operating Expenses | 32,837.00 | 40,211.00 | 44,765.00 | 29,912.00 | 27,665.00 |
| Selling, General and Administrative Expenses | 24,307.00 | 32,097.00 | 8,978.00 | 15,048.00 | 17,702.00 |
| Research and Development Expenses | 8,530.00 | 8,114.00 | 4,977.00 | 9,102.00 | 9,963.00 |
| Other Operating Expenses | 0 | 0 | 30,810.00 | 2,633.00 | 721.00 |
| Operating Income | -24,693.00 | -33,168.00 | -38,859.00 | -25,059.00 | -20,534.00 |
| Net Non-Operating Income | -150.00 | -56.00 | 0 | 0 | 0 |
| EBT | -29,479.00 | -11,286.00 | -23,988.00 | -8,741.00 | -9,900.00 |
| Income Tax | 24.00 | 76.00 | 23.00 | 319.00 | -47.00 |
| Net Income Including Non-Controlling Interests | -53,005.00 | -181,123.00 | -24,011.00 | -9,060.00 | -9,853.00 |
| Net Income Non-Controlling Interests | 0 | 87.00 | 236.00 | 255.00 | 294.00 |
| Net Income | -53,005.00 | -181,036.00 | -23,775.00 | -8,805.00 | -9,559.00 |
| EBIT | -29,221.00 | -11,052.00 | -22,053.00 | -69,222.00 | -9,861.00 |
| Deprecation and Amortization | 6,770.00 | 6,782.00 | 1,500.00 | 1,714.00 | 1,530.00 |
| EBITDA | -22,451.00 | -4,270.00 | -20,553.00 | -67,508.00 | -8,331.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 220,854.17 | 218,115.66 | 216,136.36 | 220,125.00 | 238,975.00 |
| Average Shares Outstanding Diluted | 220,854.17 | 218,115.66 | 216,136.36 | 220,125.00 | 238,975.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -24,152.00 | -45,968.00 | -20,359.00 | -12,412.00 | -13,908.00 |
| Operating Net Income | -29,503.00 | -12,899.00 | -24,011.00 | -9,060.00 | -8,640.00 |
| Deprecation and Amortization | 6,770.00 | 6,782.00 | 1,500.00 | 1,714.00 | 1,530.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 1,374.00 | 4,051.00 | -2,407.00 | 3,092.00 | 3,958.00 |
| Change in Working Capital | 991.00 | -19,043.00 | 19,462.00 | 8,131.00 | 727.00 |
| Other Operating Activities | 0 | 0 | 0 | -16,289.00 | -11,483.00 |
| Investing Cash Flow | 143,100.00 | -269,814.00 | 191,584.00 | 117,161.00 | -3,331.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -211.00 | -166.00 | -295.00 | -537.00 | -490.00 |
| Net Purchase/Sale of Investments Net | 143,333.00 | 13,071.00 | 177,395.00 | 108,093.00 | -12,975.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 10,134.00 |
| Financing Cash Flow | -5,089.00 | 11,097.00 | -1,160.00 | -1,146.00 | -669.00 |
| Net Issuance/Repayment of Debt | -39.00 | 1,045.00 | -1,117.00 | -1,103.00 | -1,188.00 |
| Net Issuance/Repurchase of Equity | -5,050.00 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.00 | 10,052.00 | -43.00 | -43.00 | 519.00 |
| Net Change in Cash | 113,859.00 | -304,685.00 | 170,065.00 | 103,603.00 | -17,908.00 |
| Cash at Beginning of Period | 184,545.00 | 487,438.00 | 317,169.00 | 213,660.00 | 231,777.00 |
| Cash at End of Period | 299,357.00 | 184,545.00 | 487,438.00 | 317,169.00 | 213,660.00 |
| Free Cash Flow | -24,363.00 | -46,134.00 | -20,654.00 | -12,949.00 | -14,398.00 |