NNDM (Nanodimension) continues to see it's stake quietly built. With business, by revenue terms, improving 109% year-over-year but staying extremely modest at about $4mil for 2021, ARK remains committed to the 3D printed circuit board vision.
Interestingly, according to the recent earnings report, NNDM has about $1.1bil in cash on hand with just $29mil in liabilities against a market cap of $1.2bil. Book value per share, then, is about $6. Just with cash on hand, if the company was dissolved now and shareholders were given the remains of the company, everyone would get $4 for every share they own.
NNDM trades at $4.80 per share after hitting new lows recently...
On top of that, their 2021 burn rate (the amount of money they're "burning" per year trying to get to break even) is less than $75mil. I think you can safely say that NNDM is not overpriced and should be very near a bottom. Granted they will need to start making money and stop issuing shares for that to hold true in the not-so-distant future, but today it's a fairly accurate statement.
This does not mean the stock moves up, they'll need to prove revenues first. But it should, in theory, mean that the stock moves predictably lower by the annual burn rate of about 7.5% per year until revenue picks up.
ARK now owns 8.45% of the company. It's held in four funds: ARKW, ARKQ, IZRL, and PRNT.