7 Best Nanotech Penny Stocks to Invest In

2. Nano Dimension Ltd. (NASDAQ:NNDM)

Number of Hedge Fund Holders: 10

Share Price as of February 11: $2.62

Nano Dimension Ltd. (NASDAQ:NNDM) provides nanotech-enabled additive manufacturing solutions, which include 3D printers for electronics, polymers, ceramics, and metals. Its offerings range from inkjet systems for printing electronic components to digital light processing printers for polymer and composite parts, and foil-based systems for ceramic and metal fabrication. It also provides related robotics, control systems, software, and proprietary materials like nanoparticle inks and slurries.

The primary revenue driver for the company, before recent acquisitions, is its nanotechnology-based Additively Manufactured Electronics (AME) solutions. This technology focuses on printing electronics onto various surfaces. The AME segment achieved record Q3 2024 revenue of $15 million, a 22% jump year-over-year. The company also dramatically reduced its cash burn within the AME segment, from $16 million per quarter last year to just $3 million. This improvement came after a reduction in staff, proving that cost-cutting didn’t hurt growth.

Key customer wins with major companies like Applied Materials, the University of Dayton, and a leading aerospace and defense company demonstrate the growing market demand for Nano Dimension Ltd.’s (NASDAQ:NNDM) AME technology. Combined with the potential of the recent acquisitions, the company is well-positioned for growth.