By Robb M. Stewart
Nano Dimension Ltd. shares climbed Wednesday after the manufactured electronics and printed electronics company logged a narrowed third-quarter loss with a jump in revenue.
In late morning trade, the shares were 11% higher at $5.12, narrowing the loss since last year to 44%.
Nano Dimension said its loss narrowed to 7 cents a share for the three months ended Sept. 30 from a loss of 45 cents a year earlier, while revenue rose to $1.3 million from $438,000 last year thanks to more sales of the company's DragonFly systems.
Yoav Stern, chairman and chief executive officer of Nano Dimension, in a letter to shareholders said the rise in revenue was positive though still "too small in absolute magnitude" to derive meaningful conclusions. "More important is the introduction of our new DragonFly IV system, combined with the efficiency-enhancing FLIGHT Software package. Both were introduced last week," he said.
Write to Robb M. Stewart at robb.stewart@wsj.com