Nano Dimension (NNDM) 6-K 30 Sep 24 Report of Foreign Private Issuer Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2024
Document Information Line Items
Entity Registrant Name	NANO DIMENSION LTD.
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001643303
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity File Number	001-37600

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Interim Statements of Financial Position - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 231,777	$ 309,571
Bank deposits	532,042	541,967
Restricted deposits	60	60
Trade receivables	12,150	12,710
Other receivables	5,134	11,290
Inventory	19,289	18,390
Total current assets	800,452	893,988
Restricted deposits	875	881
Investment in securities	81,342	138,446
Property plant and equipment, net	15,969	16,716
Right-of-use assets	10,104	12,072
Intangible assets	2,235	2,235
Total non-current assets	110,525	170,350
Total assets	910,977	1,064,338
Liabilities
Trade payables	2,935	4,696
Other payables	20,374	25,265
Current portion of lease liability	3,558	4,473
Current portion of bank loan	139	38
Total current liabilities	27,006	34,472
Liability in respect of government grants	2,019	1,895
Employee benefits	3,698	2,773
Long term Lease liability	7,652	8,742
Deferred tax liabilities		75
Loan from banks	347	595
Total non-current liabilities	13,716	14,080
Total liabilities	40,722	48,552
Equity
Non-controlling interests	618	1,011
Share capital	405,690	400,700
Share premium and capital reserves	1,301,022	1,299,542
Treasury shares	(167,651)	(97,896)
Foreign currency translation reserve	1,252	2,929
Remeasurement of net defined benefit liability (IAS 19)	(726)	707
Accumulated loss	(669,950)	(591,207)
Equity attributable to owners of the Company	869,637	1,014,775
Total equity	870,255	1,015,786
Total liabilities and equity	$ 910,977	$ 1,064,338

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement [Line Items]
Revenues	$ 28,350	$ 29,702
Total cost of revenues	15,364	16,641
Gross profit	12,986	13,061
Research and development expenses	18,254	35,636
Sales and marketing expenses	13,738	15,703
General and administrative expenses	18,183	23,355
Other expenses, net	2,612
Operating loss	(39,801)	(61,633)
Finance income	21,846	80,780
Finance expense	61,143	6,442
Income (loss) before taxes on income	(79,098)	12,705
Taxes expenses benefit	(125)	(152)
Income (loss) for the period	(79,223)	12,553
Loss attributable to non-controlling interests	(480)	(550)
Income (loss) attributable to owners	$ (78,743)	$ 13,103
Income (loss) per share
Basic income (loss) per share (in Dollars per share)	$ (0.35)	$ 0.05
Other comprehensive income items that after initial recognition in comprehensive income were or will be transferred to profit or loss
Foreign currency translation differences for foreign operations	$ (1,708)	$ 597
Other comprehensive income items that will not be transferred to profit or loss
Remeasurement of net defined benefit liability (IAS 19), net of tax	(1,433)	(1,060)
Total other comprehensive loss for the period	(3,141)	(463)
Total comprehensive income (loss) for the period	(82,364)	12,090
Comprehensive loss attributable to non-controlling interests	(511)	(546)
Comprehensive income (loss) attributable to owners of the Company	(81,853)	12,636
Cost of revenues
Statement [Line Items]
Total cost of revenues	15,299	16,447
Write-down of inventories
Statement [Line Items]
Total cost of revenues	$ 65	$ 194

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income (Parentheticals) - $ / shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement [Line Items]
Diluted income (loss) per share	$ (0.35)	$ 0.05

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Interim Statements of Changes in Equity - USD ($) $ in Thousands	Share capital	Share premium and capital reserves	Remeasurement of IAS 19	Treasury shares	Foreign currency translation reserve	Accumulated loss	Total	Non-controlling interests	Total
Balance at Dec. 31, 2022	$ 388,406	$ 1,296,194	$ 2,508	$ (1,509)	$ 583	$ (536,657)	$ 1,149,525	$ 767	$ 1,150,292
Investment of non-controlling party in subsidiary								671	671
Income (Loss) for the period						13,103	13,103	(550)	12,553
Other comprehensive income (loss) for the period			(1,060)		593		(467)	4	(463)
Exercise of warrants, options and vesting of RSUs	7,832	(7,832)
Repurchase of treasury shares				(23,259)			(23,259)		(23,259)
Share-based payment acquired		(1,780)					(1,780)		(1,780)
Share-based payments		11,542					11,542		11,542
Balance at Jun. 30, 2023	396,238	1,298,124	1,448	(24,768)	1,176	(523,554)	1,148,664	892	1,149,556
Balance at Dec. 31, 2022	388,406	1,296,194	2,508	(1,509)	583	(536,657)	1,149,525	767	1,150,292
Balance at Dec. 31, 2023	400,700	1,299,542	707	(97,896)	2,929	(591,207)	1,014,775	1,011	1,015,786
Investment of non-controlling party in subsidiary								118	118
Income (Loss) for the period						(78,743)	(78,743)	(480)	(79,223)
Other comprehensive income (loss) for the period			(1,433)		(1,677)		(3,110)	(31)	(3,141)
Exercise of warrants, options and vesting of RSUs	4,990	(4,990)
Repurchase of treasury shares				(69,755)			(69,755)		(69,755)
Share-based payment acquired		(363)					(363)		(363)
Share-based payments		6,833					6,833		6,833
Balance at Jun. 30, 2024	$ 405,690	$ 1,301,022	$ (726)	$ (167,651)	$ 1,252	$ (669,950)	$ 869,637	$ 618	$ 870,255

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Interim Statements of Cash Flow - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flow from operating activities:
Net income (loss) for the period	$ (79,223)	$ 12,553
Adjustments:
Depreciation and amortization	3,431	2,963
Financing income, net	(17,840)	(17,622)
Revaluation of financial liabilities accounted at fair value	33	485
Revaluation of financial assets accounted at fair value	57,104	(57,201)
Loss from disposal of property plant and equipment and right-of-use assets	6	345
Increase in deferred tax		(95)
Share-based payments	6,833	11,542
Other	74	68
Profit loss	49,641	(59,515)
Changes in assets and liabilities:
Increase in inventory	(1,899)	(1,212)
Decrease in other receivables	5,845	669
(Increase) decrease in trade receivables	3	(6,039)
Decrease in other payables	(3,779)	(1,345)
Increase (decrease) in employee benefits	132	(399)
Decrease in trade payables	(1,410)	(828)
Changes in assets and liabilities	(1,108)	(9,154)
Net cash used in operating activities	(30,690)	(56,116)
Cash flow from investing activities:
Change in bank deposits	5,412	(151,391)
Interest received	22,715	17,998
Change in restricted bank deposits	(25)	(34)
Acquisition of property plant and equipment	(1,169)	(7,121)
Acquisition of intangible asset	(711)
Payment of a liability to pay a contingent consideration of business combination		(9,255)
Net cash from (used in) investing activities	26,222	(149,803)
Cash flow from financing activities:
Lease payments	(2,306)	(2,471)
Repayment of long-term bank debt	(107)	(96)
Proceeds from non-controlling interests		550
Amounts recognized in respect of government grants liability	(101)	(172)
Payments of share price protection recognized in business combination	(363)	(1,780)
Repurchase of treasury shares	(69,755)	(19,741)
Net cash used in financing activities	(72,632)	(23,710)
Decrease in cash and cash equivalents	(77,100)	(229,629)
Cash and cash equivalents at beginning of the period	309,571	685,362
Effect of exchange rate fluctuations on cash	(694)	(1,178)
Cash and cash equivalents at end of the period	231,777	454,555
Non-cash transactions:
Property plant and equipment acquired on credit	176	328
Repurchase of treasury shares on credit		3,518
Recognition of a right-of-use asset	$ 223	$ 199

General

General	6 Months Ended
	Jun. 30, 2024
General [Abstract]
General	Note 1 - General a. Reporting entity Nano Dimension Ltd. (the “Company” or the “Group”) is an Israeli resident company incorporated in Israel. The address of the Company’s registered office is 2 Ilan Ramon St., Ness Ziona, Israel. The consolidated financial statements of the Company as of June 30, 2024, comprise the Company and its subsidiaries in Israel, in the United States, in Switzerland, in Germany, in the United Kingdom, in the Netherlands and in Hong Kong (together referred to as the “Group”). The Company engages in advanced additive manufacturing (also known as “3D”) solutions. Since March 2016, the Company’s American Depositary Shares (“ADSs”) have been trading on the Nasdaq Capital Market (“Nasdaq”). Since August 25, 2014, the Company has devoted substantially all of its financial resources to develop its products and has financed its operations primarily through the issuance of equity securities. The amount of the Company’s future net profits or losses will depend, in part, on the rate of its future expenditures, its ability to generate significant revenues from the sale of its products, and its ability to obtain funding through the issuance of securities, strategic collaborations or grants. In the fourth quarter of 2017, the Group began commercializing its products and its ability to generate significant revenues and achieve profitability depends on its ability to successfully complete the development of, and to continue to commercialize, its products, including consumables.

Basis of Preparation

Basis of Preparation	6 Months Ended
	Jun. 30, 2024
Basis of Preparation [Abstract]
Basis of preparation	Note 2 - Basis of preparation a. Statement of Compliance These unaudited condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, Interim Financial Reporting These condensed consolidated interim financial statements as at and for the six months ended June 30, 2024, were authorized for issuance by the Company’s Audit Committee on September 30, 2024. b. Material accounting policies, amendments to standards and interpretations not yet adopted: Except as described below, the accounting policies applied by the Group in these condensed consolidated interim financial statements are the same as those applied by the Group in its Annual Financial Statements. Presented hereunder is a description of the changes in accounting policies not yet adopted and their expected effect on the financial statements. IFRS 18, Presentation and Disclosure in Financial Statements This standard replaces IAS 1, Presentation of Financial Statements. The purpose of the standard is to provide improved structure and content to the financial statements, particularly the income statement. The standard includes new disclosure and presentation requirements that were taken from IAS 1, Presentation of Financial Statements, with small changes. As part of the new disclosure requirements, companies will be required to present two subtotals in the income statement: operating profit and profit before financing and taxes. Furthermore, for most companies, the results in the income statements will be classified into three categories: operating profit, profit from investments and profit from financing. In addition to the changes in the structure of the income statements, the standard also includes a requirement to provide separate disclosure in the financial statements regarding the use of management-defined performance measures (non-GAAP measures). Furthermore, the standard adds specific guidance for aggregation and disaggregation of items in the financial statements and in the notes. The standard will encourage companies to avoid classifying items as ‘other’ (for example, other expenses), and using this classification will lead to additional disclosure requirements. The standard is effective from annual reporting periods beginning on or after January 1, 2027, with earlier application being permitted. The Group is examining the effects of the standard on its financial statements with no plans for early adoption. c. Use of Estimates and Judgments The preparation of financial statements in conformity with International Financial Reporting Standards requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The significant judgments made by management in applying the Group’s accounting policies and the principal assumptions used in the estimation of uncertainty were the same as those that applied to the Annual Financial Statements.

Material Events During the Repo

Material Events During the Reporting Period	6 Months Ended
	Jun. 30, 2024
Material Events During the Reporting Period [Abstract]
Material Events During the Reporting Period	Note 3 – Material Events During the Reporting Period a. During the six months ended June 30, 2024, the Company repurchased 26,043,291 of the Company’s ADSs and recorded an increase in the reserve for treasury shares of $69,755 thousand. b. In January 2024, the Company entered into a rights agreement (the “Rights Plan”), with the intention to protect the long-term interests of the Company’s ADS holders and enable them to realize the full potential value of their investment in the Company. The Rights Plan is designed to reduce the likelihood that any entity, person or group would gain control of, or significant influence over the Company. Pursuant to the Rights Plan, the Company issued one special purchase right for every one ADS outstanding at the close of business on February 5, 2024. Each right allows its holder to purchase from the Company one-half (0.5) of one ADS, at a purchase price of $0.01 per ADS, once the rights become exercisable. The rights would become exercisable only if an entity, person or group acquires beneficial ownership of 10% or more of the Company’s outstanding ordinary shares in a transaction not approved by our board of directors. The rights will expire on January 25, 2025.

Share-Based Payments

Share-Based Payments	6 Months Ended
	Jun. 30, 2024
Share-Based Payment [Abstract]
Share-Based Payments	Note 4 - Share-Based Payments a. In February and March 2024, the Company granted to employees and officers 510,000 restricted share units (the “RSUs”). The RSUs represent the right to receive ordinary shares at a future time and vest over a period of three to four years. b. In June 2024, the Group granted to employees, officers and directors 1,296,000 RSUs. The RSUs represent the right to receive ordinary shares at a future time and vest over a period of two to four years. RSUs- Directors, Number of share options granted (ADSs) 1,806,000 Fair value at the grant date (thousands of USD) 4,854,040 Range of share price (USD) $2.59–$2.83 In the six-month period ended June 30, 2024, a total amount of $6,833 thousand were recognized as share-based payments expenses ($11,542 thousand in the six month period ended June 30, 2023).

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
Financial Instruments	Note 5 - Financial Instruments (1) Financial instruments measured at fair value for disclosure purposes only The carrying amounts of certain financial assets and liabilities, including cash, trade receivables, other receivables, deposits, trade and other payables are the same as or approximate to their fair value. (2) Fair value hierarchy of financial instruments measured at fair value The table below presents an analysis of financial instruments measured at fair value on a temporal basis, using valuation methodology in accordance with the fair value hierarchy level as defined below. When determining the fair value of an asset or liability, the Company uses observable market data as much as possible. There are three levels of fair value measurements in the fair value hierarchy that are based on the data used in the measurement, as follows: ● Level 1: quoted prices (unadjusted) in active markets for identical instruments ● Level 2: inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly ● Level 3: inputs that are not based on observable market data (unobservable inputs) As of June 30, 2024 Level 1 Level 2 Total Thousands of USD Financial assets: Traded shares 81,342 — 81,342 Total assets: 81,342 — 81,342 As of June 30, 2023 Level 1 Level 2 Total Thousands of USD Financial assets: Traded shares 172,185 — 172,185 Total assets: 172,185 — 172,185 Financial liabilities: Liability in respect of warrants — 140 140 Total liabilities — 140 140 Presented under non-current liabilities — 140 140

Revenues

Revenues	6 Months Ended
	Jun. 30, 2024
Revenues [Abstract]
Revenues	Note 6 – Revenues The table below provides information regarding receivables, contract assets and contract liabilities deriving from contracts with customers. For the Thousands of Trade receivables 12,150 Contract liabilities 3,062 The contract liabilities primarily relate to the advance consideration received from customers for contracts containing yearly warranty services. The revenue is recognized on a straight-line basis over the contract period. In the following tables, the Group’s revenue is disaggregated by major products, primary geographical market and timing of revenue recognition. Revenues per major products: For the six months ended 2023 2024 Thousands of Thousands of Consumables 3,604 4,645 Support services 2,140 2,653 Sales of systems 23,958 21,052 Total revenues 29,702 28,350 Revenues per geographical locations: For the six months ended 2023 2024 Thousands of Thousands of Americas 10,263 8,783 Asia Pacific 1,368 2,279 Europe and Israel (*) 18,071 17,288 Total revenues 29,702 28,350 (*) The Company combined all revenues into the Europe and Israel geography, due to immateriality of the amounts of revenues in Israel. Revenues per timing of revenue recognition: For the six months ended 2023 2024 Thousands of Thousands of Services transferred over time 2,140 2,653 Goods transferred at a point in time 27,562 25,697 Total revenues 29,702 28,350

Employee Benefits

Employee Benefits	6 Months Ended
	Jun. 30, 2024
Employee Benefits [Abstract]
Employee Benefits	Note 7 - Employee Benefits In the six month period ended June 30, 2024, there was a decrease in the yield rates of high-quality corporate debentures in Switzerland that are used for discounting a defined benefit obligation. The effect of the change in the discount rate is an increase in the defined benefit obligation as of June 30, 2024, in the amount of $1,433 thousand which was recognized against other comprehensive income.

Capital and Reserves

Capital and Reserves	6 Months Ended
	Jun. 30, 2024
Capital and Reserves [Abstract]
Capital and Reserves	Note 8 – Capital and Reserves Share capital and share premium During the period, the Group recognized the following amounts within share capital and share premium: For the June 30, Thousands of Exercise of warrants, options and vesting of RSUs (4,990 ) Share-based payment acquired (363 ) Share-based payments 6,833 Total 1,480 For the December 31, Thousands of Exercise of warrants, options and vesting of RSUs (12,294 ) Share based payment acquired (4,459 ) Share-based payments 20,101 Total 3,348

Related and Interested Parties

Related and Interested Parties	6 Months Ended
	Jun. 30, 2024
Related and Interested Parties [Abstract]
Related and Interested Parties	Note 9 - Related and Interested Parties Transactions with key management personnel Benefits to key management personnel Key management personnel received benefits in the amount of $4,853 thousand during the six month period ended June 30, 2024 (in the six month period ended June 30, 2023: $4,560 thousand) in the form of short-term employee benefits and share-based payments.

Events After the Reporting Date

Events After the Reporting Date	6 Months Ended
	Jun. 30, 2024
Events After the Reporting Date [Abstract]
Events after the Reporting Date	Note 10 - Events after the Reporting Date a. In July 2024, the Group granted 2,000,000 RSUs to employees of the Company. The RSUs represent the right to receive ordinary shares at a future time and vest over a period of two to four years. b. On July 3, 2024, the Company entered into a definitive agreement, under which it agreed to acquire all outstanding shares of Desktop Metal, Inc. (“Desktop Metal”) (NYSE: DM) in an all-cash transaction for $5.50 per share, subject to possible downward adjustments to $4.07 per share. At $5.50 per share, the transaction represents a total consideration of approximately $183 million, and possibly $135 million based on downward adjustments. The transaction is not subject to a financing condition. The Company intends to finance the transaction using its cash on hand. The closing of the transaction is subject to certain closing conditions, including the approval of Desktop Metal’s stockholders, and required regulatory approvals, and certain termination rights as described in the merger agreement. With respect to the approval under the Hart-Scott-Rodino Act, the Company announced on August 26, 2024, that the waiting period under which the United States Department of Justice could have raised issues had expired. c. On September 25, 2024, the Company entered into a definitive agreement, under which it agreed to acquire all outstanding shares of Markforged Holding Corporation (“Markforged”) (NYSE: MKFG) in an all-cash transaction for $5.00 per share. The transaction represents a total consideration of approximately $115 million. The transaction is not subject to any financing conditions. The Company intends to finance the transaction using its cash on hand. The closing of the transaction is subject to certain closing conditions, including the approval of Markforged’s stockholders, and required regulatory approvals, and certain termination rights as described in the merger agreement.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Statement of Compliance	a. Statement of Compliance These unaudited condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, Interim Financial Reporting These condensed consolidated interim financial statements as at and for the six months ended June 30, 2024, were authorized for issuance by the Company’s Audit Committee on September 30, 2024.
Material accounting policies, amendments to standards and interpretations not yet adopted	b. Material accounting policies, amendments to standards and interpretations not yet adopted: Except as described below, the accounting policies applied by the Group in these condensed consolidated interim financial statements are the same as those applied by the Group in its Annual Financial Statements. Presented hereunder is a description of the changes in accounting policies not yet adopted and their expected effect on the financial statements. IFRS 18, Presentation and Disclosure in Financial Statements This standard replaces IAS 1, Presentation of Financial Statements. The purpose of the standard is to provide improved structure and content to the financial statements, particularly the income statement. The standard includes new disclosure and presentation requirements that were taken from IAS 1, Presentation of Financial Statements, with small changes. As part of the new disclosure requirements, companies will be required to present two subtotals in the income statement: operating profit and profit before financing and taxes. Furthermore, for most companies, the results in the income statements will be classified into three categories: operating profit, profit from investments and profit from financing. In addition to the changes in the structure of the income statements, the standard also includes a requirement to provide separate disclosure in the financial statements regarding the use of management-defined performance measures (non-GAAP measures). Furthermore, the standard adds specific guidance for aggregation and disaggregation of items in the financial statements and in the notes. The standard will encourage companies to avoid classifying items as ‘other’ (for example, other expenses), and using this classification will lead to additional disclosure requirements. The standard is effective from annual reporting periods beginning on or after January 1, 2027, with earlier application being permitted. The Group is examining the effects of the standard on its financial statements with no plans for early adoption.
Use of estimates and judgments	c. Use of Estimates and Judgments The preparation of financial statements in conformity with International Financial Reporting Standards requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The significant judgments made by management in applying the Group’s accounting policies and the principal assumptions used in the estimation of uncertainty were the same as those that applied to the Annual Financial Statements.

Share-Based Payments (Tables)

Share-Based Payments (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment [Abstract]
Schedule of Fair Value of the Options	The RSUs represent the right to receive ordinary shares at a future time and vest over a period of two to four years. RSUs- Directors, Number of share options granted (ADSs) 1,806,000 Fair value at the grant date (thousands of USD) 4,854,040 Range of share price (USD) $2.59–$2.83

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
Schedule of Fair Value Measurements	As of June 30, 2024 Level 1 Level 2 Total Thousands of USD Financial assets: Traded shares 81,342 — 81,342 Total assets: 81,342 — 81,342 As of June 30, 2023 Level 1 Level 2 Total Thousands of USD Financial assets: Traded shares 172,185 — 172,185 Total assets: 172,185 — 172,185 Financial liabilities: Liability in respect of warrants — 140 140 Total liabilities — 140 140 Presented under non-current liabilities — 140 140

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2024
Revenues [Abstract]
Schedule of Contract Assets and Contract Liabilities Deriving from Contracts with Customers	The table below provides information regarding receivables, contract assets and contract liabilities deriving from contracts with customers. For the Thousands of Trade receivables 12,150 Contract liabilities 3,062
Schedule of Revenues Per Major Products	Revenues per major products: For the six months ended 2023 2024 Thousands of Thousands of Consumables 3,604 4,645 Support services 2,140 2,653 Sales of systems 23,958 21,052 Total revenues 29,702 28,350
Schedule of Revenues Per Geographical Locations	Revenues per geographical locations: For the six months ended 2023 2024 Thousands of Thousands of Americas 10,263 8,783 Asia Pacific 1,368 2,279 Europe and Israel (*) 18,071 17,288 Total revenues 29,702 28,350 (*) The Company combined all revenues into the Europe and Israel geography, due to immateriality of the amounts of revenues in Israel.
Schedule of Timing of Revenue Recognition	Revenues per timing of revenue recognition: For the six months ended 2023 2024 Thousands of Thousands of Services transferred over time 2,140 2,653 Goods transferred at a point in time 27,562 25,697 Total revenues 29,702 28,350

Capital and Reserves (Tables)

Capital and Reserves (Tables)	6 Months Ended
	Jun. 30, 2024
Capital and Reserves [Abstract]
Schedule of Share Capital and Share Premium	During the period, the Group recognized the following amounts within share capital and share premium: For the June 30, Thousands of Exercise of warrants, options and vesting of RSUs (4,990 ) Share-based payment acquired (363 ) Share-based payments 6,833 Total 1,480 For the December 31, Thousands of Exercise of warrants, options and vesting of RSUs (12,294 ) Share based payment acquired (4,459 ) Share-based payments 20,101 Total 3,348

Material Events During the Re_2

Material Events During the Reporting Period (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended
	Jan. 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Material Events During the Reporting Period [Line Items]
Repurchased share		26,043,291
Treasury shares		$ 69,755	$ 23,259
Purchase price per share	$ 0.01
Beneficial ownership, percentage	10%
Treasury Shares [Member]
Material Events During the Reporting Period [Line Items]
Treasury shares		$ 69,755	$ 23,259

Share-Based Payments (Details)

Share-Based Payments (Details) $ in Thousands	1 Months Ended		6 Months Ended
	Mar. 31, 2024 Year shares	Feb. 29, 2024 shares	Jun. 30, 2024 USD ($) Year shares	Jun. 30, 2023 USD ($)
Share-Based Payment [Line Items]
Share-based payments expenses (in Dollars) | $			$ 6,833	$ 11,542
Restricted share units [member]
Share-Based Payment [Line Items]
Shares granted (in Shares) | shares	510,000	510,000	1,296,000
Restricted share units [member] | Bottom of Range [Member]
Share-Based Payment [Line Items]
Ordinary shares vest over a period	3		2
Restricted share units [member] | Top of Range [Member]
Share-Based Payment [Line Items]
Ordinary shares vest over a period	4		4

Share-Based Payments (Details)

Share-Based Payments (Details) - Schedule of Fair Value of the Options - RSUs- Directors employees [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Share-Based Payment [Line Items]
Number of share options granted (ADSs) (in Shares) | shares	1,806,000
Fair value at the grant date (thousands of USD) (in Dollars) | $	$ 4,854,040
Bottom of Range [Member]
Share-Based Payment [Line Items]
Range of share price (USD)	$ 2.59
Top of Range [Member]
Share-Based Payment [Line Items]
Range of share price (USD)	$ 2.83

Financial Instruments (Details)

Financial Instruments (Details) - Schedule of Fair Value Measurements - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Financial assets:
Traded shares	$ 81,342	$ 138,446	$ 172,185
Total assets:	81,342		172,185
Financial liabilities:
Liability in respect of warrants			140
Total liabilities			140
Presented under non-current liabilities			140
Level 1 [Member]
Financial assets:
Traded shares	81,342		172,185
Total assets:	81,342		172,185
Financial liabilities:
Liability in respect of warrants
Total liabilities
Presented under non-current liabilities
Level 2 [Member]
Financial assets:
Traded shares
Total assets:
Financial liabilities:
Liability in respect of warrants			140
Total liabilities			140
Presented under non-current liabilities			$ 140

Revenues (Details) - Schedule o

Revenues (Details) - Schedule of Contract Assets and Contract Liabilities Deriving from Contracts with Customers $ in Thousands	Jun. 30, 2024 USD ($)
Receivables from contracts with customers [abstract]
Trade receivables	$ 12,150
Contract liabilities	$ 3,062

Revenues (Details) - Schedule_2

Revenues (Details) - Schedule of Revenues Per Major Products - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenue from contracts with customers [line items]
Total revenues	$ 28,350	$ 29,702
Consumables [Member]
Revenue from contracts with customers [line items]
Total revenues	4,645	3,604
Support services [Member]
Revenue from contracts with customers [line items]
Total revenues	2,653	2,140
Sales of systems [Member]
Revenue from contracts with customers [line items]
Total revenues	$ 21,052	$ 23,958

Revenues (Details) - Schedule_3

Revenues (Details) - Schedule of Revenues Per Geographical Locations - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Schedule of Revenues per Geographical Locations [Line Items]
Revenues		$ 28,350	$ 29,702
Americas [Member]
Schedule of Revenues per Geographical Locations [Line Items]
Revenues		8,783	10,263
Asia Pacific [Member]
Schedule of Revenues per Geographical Locations [Line Items]
Revenues		2,279	1,368
Europe and Israel [Member]
Schedule of Revenues per Geographical Locations [Line Items]
Revenues	[1]	$ 17,288	$ 18,071
[1] The Company combined all revenues into the Europe and Israel geography, due to immateriality of the amounts of revenues in Israel.

Revenues (Details) - Schedule_4

Revenues (Details) - Schedule of Timing of Revenue Recognition - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenue from contracts with customers [line items]
Revenues	$ 28,350	$ 29,702
Services transferred over time [Member]
Revenue from contracts with customers [line items]
Revenues	2,653	2,140
Goods transferred at a point in time [Member]
Revenue from contracts with customers [line items]
Revenues	$ 25,697	$ 27,562

Employee Benefits (Details)

Employee Benefits (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Employee Benefits [Abstract]
Defined benefit obligation	$ (1,433)	$ (1,060)

Capital and Reserves (Details)

Capital and Reserves (Details) - Schedule of Share Capital and Share Premium - Share capital and share premium [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure of classes of share capital [line items]
Exercise of warrants, options and vesting of RSUs	$ (4,990)	$ (12,294)
Share-based payment acquired	(363)	(4,459)
Share-based payments	6,833	20,101
Total	$ 1,480	$ 3,348

Related and Interested Parties

Related and Interested Parties (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Related and Interested Parties [Abstract]
Personnel received benefits	$ 4,853	$ 4,560

Events After the Reporting Da_2

Events After the Reporting Date (Details) - Events After the Reporting Date [Member]			1 Months Ended
	Sep. 25, 2024 USD ($) $ / shares	Jul. 03, 2024 USD ($) $ / shares	Jul. 31, 2024 Year shares
Events after the reporting date [Line Items]
Downward adjustments		$ 135,000,000
Cash transaction per share (in Dollars per share) | $ / shares	$ 5	$ 5.5
Total consideration	$ 115,000,000	$ 183,000,000
Desktop Metal, Inc. [Member]
Events after the reporting date [Line Items]
Cash transaction (in Dollars per share) | $ / shares		$ 5.5
Downward adjustments		$ 4.07
Restricted share units [member]
Events after the reporting date [Line Items]
Number of shares granted (in Shares) | shares			2,000,000
Restricted share units [member] | Bottom of range [member]
Events after the reporting date [Line Items]
Ordinary shares vest over a period (in Year) | Year			2
Restricted share units [member] | Top of range [member]
Events after the reporting date [Line Items]
Ordinary shares vest over a period (in Year) | Year			4