Company announcement no. 26-2023
Today, Audientes ("Audientes" or the "Company"), CVR 36047631, releases its financial results for Q2 and the first half-year of 2023.
During Q2 2023, Audientes derived sales revenue at
Our advanced hearable, Companion by Audientes, was released to the market medio Q1 and we commenced channel development in various markets.
Audientes released in Q2 the major "v2.0" software update for both its Ven and Companion products, as announced earlier in Q1, which greatly enhances their performance and customer experience.
An accelerated entry into
Substantial cost saving initiatives have been lowering the cash burn significantly, as part of a lean and focused platform for execution in Audientes priority markets.
Performance highlights for Q2 2023
TDKK | Q2 2023 | Q2 2022 | H1 2023 | H1 2022 | 2022 |
Revenue | 1,042 | 987 | 1,253 | 1,008 | 79 |
Other operating income | 752 | 214 | 966 | 428 | 856 |
EBITDA | -1,838 | -3,328 | -4,334 | -6,686 | -14,026 |
Profit/loss for the period | -3,603 | -4,580 | -7,325 | -8,630 | -24,362 |
Cash and cash equivalents | 1,682 | 3,680 | 1,682 | 3,680 | 6,948 |
Equity | 7,275 | 16,854 | 7,275 | 16,854 | 13,049 |
Equity ratio (%) | 36.2% | 56.6% | 36.2% | 56.6% | 49.1% |
Earnings per share (DKK) | -0.11 | -0.49 | -0.22 | -0.92 | -1.28 |
No. of shares beginning of the period | 28,747,024 | 9,349,010 | 28,747,024 | 9,349,010 | 9,349,010 |
No. of shares end of period | 39,150,472 | 9,349,010 | 39,150,472 | 9,349,010 | 28,747,024 |
Average number of shares | 33,948,748 | 9,349,010 | 33,948,748 | 9,349,010 | 19,048,017 |
Highlights Q2 2023
· Audientes generated new product sales revenue of
· As announced on
· Earkart expects to order for around
· Shipped Ven hearing aids to
· Accelerated entry into
· The advanced hearable, Companion by Audientes, will initially be available throughout
· Released the v2.0 software platform release for Ven and Companion that greatly enhances performance and customer experience. The v2.0 release is available to update Ven and Companion products via the Audientes' smartphone app in Apples and Googles app stores.
· Began marketing and selling our new Companion by Audientes product in online retail.
· We announced in Q2 a decision to take back all sold, however not cash collected products in
Highlights after Q2 2023
·
Outlook for 2023
· Due to the uncertainty around the size and timing of funding in the short-term as well as in the medium-term, we do not provide guidance for the outlook for revenue and EBITDA for 2023.
For further information, please contact:
Phone: +45 77 34 16 80
Email: st@audientes.com
Phone: +45 77 34 16 80
Email: tto@audientes.com
About Audientes A/S
Audientes A/S is a Danish hearing health company specializing in smart, self-fitting and affordable hearing aids and advanced hearables. Audientes' unique hearing aid solution, Ven™ by Audientes, is available for purchase in the Indian and Nepalese markets. Companion by Audientes is an advanced hearable consumer electronics product, marketed in select markets worldwide subject to company priorities.
Audientes' mission is to develop hearing aids and hearables for hearing improvement or enhancement for everyone who needs them globally. Audientes is listed on Spotlight Stock Market Denmark (AUDNTS) and headquartered in
For additional information please refer to the company's websites, www.audientes.com, www.audientes.eu or www.audientes.in.
https://news.cision.com/audientes/r/audientes-a-s--q2-half-year-2023-financial-report,c3823072
https://mb.cision.com/Main/21235/3823072/2249461.pdf
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