I want to preempt and tell you that I'm talking to you today from Frankfurt, which is one of the main annual events of which is the industry, the manufacturing industry trade show. And it's the most successful one that Nano has ever seen. I've never seen so much interest in both and what we're doing, both in the existing Nano and the excitement around the two acquisitions, some of which are already having people from other companies coming and visiting Nano. other company means other acquisition targets that we mentioned coming and visiting us. So with this excitement and looking forward to this excitement translating to numbers, I'll start by describing a little bit on the slide of the numbers mentioned that $15 million of revenue is the best third quarter ever and one of the best quarters ever we had. is 22% over last year, same period. Gross margin is 48%, which is up from 44. And adjusted gross margin, which is without non-cash expenses, is 51, up from 48. This is, gentlemen and ladies, extremely important because the business model of all companies in our industry suffer from gross margins and therefore from lack of profits. When we get to 55% gross margins, we start to show profits and substantial. And this is very, very exciting. And no less exciting is the net cash burn. Gentlemen and ladies, we turned around nano dimension from $16 million burning per quarter last year to $3 million net cash burn. And we're close to break even in cash burn. And this is only nano with

Nov 20, 2024 / CEO / receipt, needs a key / Yoav Stern, CEO | earnings call 2024-11-20 | transcript ae9df843-479d-4645-9fd6-06d2844bca4d | chars 1287-2787 | segment 1