NNDM Nano Dimension Ltd

Exhibit 99.2

 

MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

For the Six Months Ended June 30, 2024

 

Cautionary Statement Regarding Forward-Looking Statements

 

Certain information included herein may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Forward-looking statements are often characterized by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue,” “believe,” “should,” “intend,” “project” or other similar words, but are not the only way these statements are identified. These forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, expansion of marketing and channel activities, converting prospects to customers, statements that contain projections of expected market size, results of operations or of financial condition, expected capital needs and expenses, statements relating to the research, development, completion and use of our products, and all statements (other than statements of historical facts) that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. We have based these forward-looking statements on assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate.

 

Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things:

 

	●	changes in our strategy;
	●	the impact of competition and new technologies;
	●	shareholder activism;
	●	the overall global economic environment;
	●	projected capital expenditures and liquidity;
	●	impediments in the execution of our mergers and acquisitions program;
	●	the ultimate outcome of the proposed transactions between us and Desktop Metal, Inc., or Desktop Metal, and between us and Markforged Holding Corporation, or Markforged, including the possibility that Desktop Metal’s and/or Markforged’s stockholders will reject the proposed transactions;
	●	the effect of the announcement of the proposed transactions on the ability of Desktop Metal and/or Markforged to operate its business and retain and hire key personnel and to maintain favorable business relationships;
	●	the timing of the proposed transactions;
	●	the occurrence of any event, change or other circumstance that could give rise to the termination of the proposed transactions;

 

 

	●	the ability to satisfy closing conditions to the completion of the proposed transactions (including any necessary stockholder approvals);
	●	other risks related to the completion of the proposed transactions and actions related thereto; and
	●	litigation.

 

The foregoing list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting our company, reference is made to our Annual Report on Form 20-F for the year ended December 31, 2023, or our Annual Report, which is on file with the Securities and Exchange Commission, or the SEC, and the other risk factors discussed from time to time by our company in reports filed or furnished to the SEC.

 

Except as otherwise required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

  

A. Operating Results

  

Introduction

 

Unless indicated otherwise by the context, all references in this report to “Nano Dimension”, the “Company”, “we”, “us” or “our” are to Nano Dimension Ltd. and its subsidiaries. When the following terms and abbreviations appear in the text of this report, they have the meanings indicated below:

 

	●	“dollars” or “$” means United States dollars; and
	●	“NIS” means New Israeli Shekels.

 

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the related notes included in our Annual Report, as well as our unaudited condensed consolidated financial statements and the related notes thereto for the six months ended June 30, 2024, included elsewhere in this Report on Form 6-K. The discussion below contains forward-looking statements that are based upon our current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to inaccurate assumptions and known or unknown risks and uncertainties.

 

Overview

 

Our vision is to disrupt electronics and mechanical manufacturing with an environmentally friendly and economically efficient electronics and precision additive manufacturing Industry 4.0 solution - transforming digital designs into functioning electronic and mechanical devices - on demand, anytime, anywhere.

 

At Nano Dimension, we believe that additive manufacturing (AM), which is known to some as 3D printing, of electronics and precision applications are key to future growth in the manufacturing industry. According to an Emergen Research report titled “3D Printing Market”, published in March 2022, a 3DHUBS trend report titled “3D Printing Trend Report 2022”, published in May 2022, and an IDTechEx report titled “3D Electronics/Additive Electronics 2022-2032” from April 2022, the additive manufacturing and additively manufactured electronics (AME) markets, which consist of the sales of manufacturing equipment and the parts that are made from them, are expected to grow from $16 billion to more than $100 billion by 2030 at a compound annual growth rate of above 20%.

 

 

Our technology strategy is rooted in the application of deep learning-based artificial intelligence, or AI, to drive improvements in manufacturing capabilities by using self-learning and self-improving systems, along with the management of a distributed manufacturing network via the cloud.

 

Our deep learning-based AI led manufacturing systems are used to 3D print and assemble high-performance electrical and mechanical applications. Our portfolio of 3D printing, robotics, and control systems enable key enhancements such as weight reduction, miniaturization, agile innovation, and rapid fabrication of critical components that have met the needs of thousands of customers in the most technologically advanced, competitive, and innovative industries such as aerospace/defense, automotive, electronics and printed circuit boards, or PCBs, industrial, medical, and research and development/academia.

 

“DeepCube”, which is the name of our deep learning-based AI platform, is novel compared to other AI solutions based on its ability to improve hardware performance across a network of edge devices; thus, enabling its application on a distributed network of manufacturing solutions. This is based on DeepCube’s pioneering software inference accelerator, which drastically improves yield, quality, and throughput on AM and AME hardware. DeepCube’s propriety algorithms increase the speeds of data analysis tenfold, making it a unique hardware performance accelerator.

 

Our portfolio of 3D printers includes: (i) AME inkjet printers known as DragonFly IV that produce PCBs and electronic devices by simultaneously depositing proprietary conductive and dielectric substances while integrating in situ capacitors, antennas, coils, transformers, and electro-mechanical components, (ii) Micro Additive Manufacturing (Micro-AM) Digital Light Processing, or DLP, printers known as Fabrica 2.0 that achieve production-grade micron-level resolution polymer and composite parts, and (iii) industrial AM DLP printers known as Admaflex utilizing a patented DLP foil system that fabricates strong and complex ceramic and metal parts. Our 3D printing portfolio is complemented by a range of consumables, also known as materials, including inks, resins, and slurries. We also offer software to provide engineers with the tools to bring precision and electrical parts from design-to-manufacturing.

 

Our suite of Additive Electronics robotics includes: (i) surface-mount technology suite of production equipment for Hi-PEDs® and PCB assembly via Essemtec, and (ii) Ink Delivery Systems technology covering hardware and software solutions via Global Inkjet Systems Ltd.

 

We have a suite of software products and services that support the aforementioned offerings. While there is an extensive list of these products, one to note is Additive Flow. It is a key enabling software for design and simulation, which is one of the key steps in 3D printing.

 

From 2021, we increased our sales and commercialization efforts to broaden the synergies of our different groups. As a part of scaling our operations, we have offices spanning across the United States, Germany, UK, Switzerland, the Netherlands and Israel. These offices serve to broaden our customer engagement across regions and serve as focal points for advancing our strategic objectives to lead in Western markets.

 

 

Results of Operations

 

The following discussion of our unaudited results of operations for the six month periods ended June 30, 2024 and 2023, included in the following table, which presents selected financial information data, is based upon our unaudited statements of operations contained in our financial statements for those periods, and the related notes.

 

		For the Six Month Period Ended June 30,
		Thousands USD
		2023				2024
Revenues			29,702				28,350
Cost of revenues			16,447				15,299
Cost of revenues - write-down of inventories			194				65
Total cost of revenues			16,641				15,364
Gross profit			13,061				12,986
Research and development expenses			35,636				18,254
Sales and marketing expenses			15,703				13,738
General and administrative expenses			23,355				18,183
Other expenses, net			-				2,612
Operating loss			(61,633	)			(39,801	)
Finance income			80,780				21,846
Finance expense			6,442				61,143
Income (loss) before taxes on income			12,705				(79,098	)
Basic and diluted income (loss) per share (USD)			0.05				(0.35	)

 

 

Six Months Ended June 30, 2024, Compared with Six Months Ended June 30, 2023

  

Revenues. Our revenues are derived primarily from sales of systems to customers, warranty and service contracts, and sale of ink and other consumables to those customers. Total revenues for the six months ended June 30, 2024, were $28,350,000, compared to $29,702,000 in the six months ended June 30, 2023.

 

Total Cost of Revenues. Total cost of revenues consists mainly of cost of systems sold, cost of maintenance, ink and other consumables costs, as well as inventories write-down. Our total cost of revenues for the six months period ended June 30, 2024, was $15,364,000, compared to $16,641,000 in the six months period ended June 30, 2023. The decrease is attributed mostly to the decrease in sales of the Company’s product lines.

 

As a result of the reorganization plan executed by the Company in the fourth quarter of 2023 and other cost reduction efforts taken in 2024, the Company’s operating expenses across all departments have decreased in the first half of 2024 compared to the first half of 2023, as detailed below.

 

Research and Development. Research and Development, or R&D, expenses consist primarily of payroll and related expenses, share-based payments expenses, subcontractors expenses, materials, depreciation, rental fees, patent registration fees, and other related research and development expenses. R&D expenses for the six months period ended June 30, 2024, were $18,254,000, compared to $35,636,000 in the six months period ended June 30, 2023. The decrease is attributed mostly to a decrease in payroll and related expenses, as well as in share-based payments expenses, materials for R&D use, subcontractors and professional services, largely associated with organizational synergies. 

 

Sales and Marketing. Sales and marketing, or S&M, expenses consist of payroll and related expenses, marketing and advertising services, travel expenses, share-based payments expenses, depreciation, rental fees and other related sales and marketing expenses. S&M expenses for the six months period ended June 30, 2024, were $13,738,000, compared to $15,703,000 in the six months period ended June 30, 2023. The decrease is mainly attributed to a decrease in payroll and related expenses, as well as in share-based payments expenses, largely associated with organizational synergies. 

 

General and Administrative. General and administrative, or G&A, consist of professional services, payroll and related expenses, share-based payments expenses, office expenses, depreciation, travel expenses, fees and other general and administrative expenses. G&A expenses for the six months period ended June 30, 2024, were $18,183,000, compared to $23,355,000 in the six months period ended June 30, 2023. The decrease is mainly attributed to a decrease in professional services expenses, largely associated with organizational synergies.

 

Other expenses, net. Other expenses, net for the six months period ended June 30, 2024, were $2,612,000. The forementioned expenses are mainly related to Desktop Metal acquisition transaction costs.

 

Operating Loss. Based on the foregoing, we recorded an operating loss of $39,801,000 for the six months ended June 30, 2024, compared to a loss of $61,633,000 in the six months ended June 30, 2023.  

 

Finance income and expenses. Finance income and expenses consist of finance expense or income as a result of the change in the fair value of financial assets and liabilities, bank fees, interest income from banks, revaluation of liability in respect of government grants and lease liability, and exchange rate differences. Finance expenses, net, for the six months ended June 30, 2024, were $39,297,000, compared to finance income, net, of $74,338,000 in the six months ended June 30, 2023. The increase in expenses resulted primarily from finance expenses as a result of the change in the fair value of our investment insecurities.

 

Net income/(loss) attributed to owners. Net loss attributed to owners for the six months ended June 30, 2024, was $(78,743,000), or $(0.35) loss per share, compared to net income attributed to owners of $13,103,000, or $0.05 income per share, for the six months ended June 30, 2023.

  

 

B. Liquidity and Capital Resources

 

Since our inception through June 30, 2024, we have funded our operations principally with $1,550,642,000 from the issuance of Ordinary Shares, warrants and convertible notes. As of June 30, 2024, we had $845,161  thousand in cash and cash equivalents, short term unrestricted deposits and marketable securities.

 

The table below presents our cash flows:

 

		Six Month Periods Ended June 30,
(in thousands of U.S. dollars)		2023				2024
Operating activities			(56,116	)			(30,690	)
Investing activities			(149,803	)			26,222
Financing activities			(23,710	)			(72,632	)
Net decrease in cash			(229,629	)			(77,100	)

 

Operating Activities

 

Net cash used in operating activities of $30,690,000 during the six months ended June 30, 2024, was primarily used for payroll payments and related expenses, payments for materials, rent, travel, professional services and other miscellaneous expenses.

 

Net cash used in operating activities of $56,116,000 during the six months ended June 30, 2023, was primarily used for payroll payments and related expenses, payments for materials, rent, travel, professional services and other miscellaneous expenses.

  

Investing Activities

 

Net cash from investing activities of $26,222,000 during the six months ended June 30, 2024, was primarily from interest received from investment in bank deposits and withdrawals of bank deposits.

 

Net cash used in investing activities of $149,803,000 during the six months ended June 30, 2023, was primarily used for investment in bank deposits and fixed assets and payment of liabilities with respect to contingent consideration of business combination, less cash interest received from banks.

 

Financing Activities

 

Net cash used in financing activities of $72,632,000 in the six months ended June 30, 2024, consisted primarily of repurchase of treasury shares.

 

Net cash used in financing activities of $23,710,000 in the six months ended June 30, 2023, consisted primarily of repurchases of treasury shares, lease payments and payments in connection with our acquisitions of DeepCube and Nano Fabrica.

 

We had $100 million Repurchase Plan that was approved by the Israeli Court in August 2022 for a period of up to 12 months and was later extended by an additional two months. 32,016,354 ADSs have been repurchased under the $100 million Repurchase Plan. The $100 million Repurchase Plan expired on October 12, 2023, with $4,160,138 remaining, and thereafter no longer eligible for repurchases under such plan.

 

 

The Israeli Court approved a new $200 million Repurchase Plan on October 17, 2023, for a twelve-month period. As of September 30, 2024, 26,043,291 ADSs have been repurchased under the $200 million Repurchase Plan. Under the $200 million Repurchase Plan, we may repurchase all or a portion of the authorized repurchase amount. The $200 million Repurchase Plan does not obligate us to repurchase any specific number of the Ordinary Shares represented by ADSs, and may be suspended or terminated at any time at management’s discretion.

 

Current Outlook

 

To date, we have not achieved operating profitability and have sustained operating losses in every fiscal year since our inception, and we have financed our operations primarily through proceeds from issuance of our ordinary shares (including ADSs), warrants and other convertible securities. Our primary requirements for liquidity and capital resources are to finance working capital, capital expenditure, general corporate purposes and to advance our merger and acquisition strategy. We believe that our current resources will be sufficient to meet our business needs for at least the next 12 months.

 

In addition, our operating plans may change as a result of many factors that may currently be unknown to us, and we may need to seek additional funds sooner than planned. Our future capital requirements will depend on many factors, including:

 

	●	the progress and costs of our research and development activities;
	●	the progress of commercial sales of our products
	●	the costs of manufacturing our products;

 

	●	the costs of filing, prosecuting, enforcing and defending patent claims and other intellectual property rights;
	●	the cost and progress of our mergers and acquisition activity;
	●	the potential costs of contracting with third parties to provide marketing and distribution services for us or for building such capacities internally;
	●	the magnitude of our general and administrative expenses; and

 

●

The failure to realize post-merger integration synergies in large part or in full.

 

In July 2024, we entered into a definitive agreement with Desktop Metal, under which we agreed to acquire all outstanding shares of Desktop Metal in an all-cash transaction for $5.50 per share, subject to possible downward adjustments to $4.07 per share, as described below, for total consideration of approximately $183 million, possibly down to $4.07 per share or, based on downward adjustments, $135 million in total.

 

The purchase price may be adjusted for:

 

●

Transaction expenses: Desktop Metal estimates that transaction expenses will be approximately $11 million, which would result in an approximate decrease of $0.44 per share. The maximum reduction, based on expenses, is $0.63 per share.

 

●

If the closing of the transaction extends into 2025, we have committed to providing Desktop Metal with a $20 million secured loan facility. Desktop Metal does not expect to draw on the facility, but to the extent it does, there will be an adjustment to the purchase price based on the amount drawn prior to closing of up to $0.80 per share.

  

●

If all reductions will occur, the price will be $4.07 per share, aggregating to a total consideration of $135 million.

 

Desktop Metal has approximately $115.0 million in principal amount of outstanding 6.0% Convertible Senior Notes due 2027, or the Convertible Notes. Following the closing, we will repurchase or refinance all outstanding Convertible Notes at a cash purchase price equal to the $115.0 million principal amount of the Convertible Notes, plus accrued and unpaid interest to the date of repurchase.

 

 

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. The transaction, which was unanimously approved by the Boards of Directors of both companies, is expected to close in the fourth quarter of 2024.

 

In September 2024, we entered into a definitive agreement with Markforged, under which we agreed to acquire all outstanding shares of Markforged in an all-cash transaction for $5.00 per share, and for a total consideration of approximately $115 million.

 

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. The transaction, which was unanimously approved by the Boards of Directors of both companies, is expected to close in the first quarter of 2025.

 

C. Research and development, patents and licenses, etc.

 

A comprehensive discussion of our research and development, patents and licenses, etc., is included in “Item 5. Operating and Financial Review and Prospects - Management’s Discussion and Analysis of Financial Condition and Results of Operations” section in our Annual Report.

 

D. Trend Information

 

 We have been engaged, and plan to continue to engage, among other trends, in mergers and acquisitions to diversify or expand our business, which may pose risks to our business, and we may not realize the anticipated benefits of these mergers or acquisitions. For a description of additional factors that may affect our future performance, please see our Annual Report, “Item 5. Operating and Financial Review and Prospects— B. Liquidity and Capital Resources— Current Outlook.”

 

E. Critical Accounting Estimates

 

The preparation of financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, obligations, income and expenses during the reporting periods. For a comprehensive discussion of our critical accounting estimates please see “Item 5. Operating and Financial Review and Prospects - Management’s Discussion and Analysis of Financial Condition and Results of Operations – E. Critical Accounting Estimates” section in our Annual Report.

 

 

 

v3.24.3

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

v3.24.3

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

v3.24.3

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

v3.24.3

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

v3.24.3

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

v3.24.3

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

v3.24.3

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.

v3.24.3

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, and do not include all of the information required for full annual financial statements. They should be read in conjunction with the financial statements as at and for the year ended December 31, 2023 (the “Annual Financial Statements”).   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.

v3.24.3

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.

v3.24.3

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, employees           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).

v3.24.3

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

v3.24.3

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 six months ended June 30, 2024       Thousands of USD           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 June 30,       2023     2024       Thousands of USD     Thousands of USD                 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 June 30,       2023     2024       Thousands of USD     Thousands of USD   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 June 30,       2023     2024       Thousands of USD     Thousands of USD   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

v3.24.3

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.

v3.24.3

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 six months ended       June 30, 2024       Thousands of USD   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 year ended       December 31, 2023       Thousands of USD   Exercise of warrants, options and vesting of RSUs     (12,294 ) Share based payment acquired     (4,459 ) Share-based payments     20,101   Total     3,348

v3.24.3

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.

v3.24.3

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.

v3.24.3

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, and do not include all of the information required for full annual financial statements. They should be read in conjunction with the financial statements as at and for the year ended December 31, 2023 (the “Annual Financial Statements”). 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.

v3.24.3

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, employees           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

v3.24.3

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

v3.24.3

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 six months ended June 30, 2024       Thousands of USD           Trade receivables     12,150   Contract liabilities     3,062
Schedule of Revenues Per Major Products	Revenues per major products:     For the six months ended June 30,       2023     2024       Thousands of USD     Thousands of USD                 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 June 30,       2023     2024       Thousands of USD     Thousands of USD   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 June 30,       2023     2024       Thousands of USD     Thousands of USD   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

v3.24.3

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 six months ended       June 30, 2024       Thousands of USD   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 year ended       December 31, 2023       Thousands of USD   Exercise of warrants, options and vesting of RSUs     (12,294 ) Share based payment acquired     (4,459 ) Share-based payments     20,101   Total     3,348

v3.24.3

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	10.00%
Treasury Shares [Member]
Material Events During the Reporting Period [Line Items]
Treasury shares		$ 69,755	$ 23,259

v3.24.3

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

v3.24.3

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

v3.24.3

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

v3.24.3

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

v3.24.3

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

v3.24.3

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.

v3.24.3

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

v3.24.3

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)

v3.24.3

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

v3.24.3

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

v3.24.3

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

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