Important key information and figures:
• Successful completion of a first version of an ECHO holographic 3D display in
• Wow-impact presentations of the first ECHO display to invite-only industry participants
• World premier exhibition of next-gen microLED ECHO proof-of-concept at Display Week,
• 9% decrease in total revenue Q1, 2023 compared to Q1, 2022
• 10% decrease in gross profit in Q1, 2023 compared to Q1, 2022
• 1% decrease (0.7 points) in gross profit margin in Q1, 2023 compared to Q1, 2022
• Solvency ratio of 80.2% at
During and after the period,
Project ECHO: Following the completion of our first 17-inch LCD ECHO display in January, and presentations with potential partners from February, we are in continuing discussions with the aim of entering into licensing and/or development agreements. In April, the patentability of ECHO was publicly confirmed for the first time through a notice of allowance in the
Sales activities: The sales for our MaaS for Exhibition and Hardware sales segments for the quarter were almost in line with Q1-2022, which we believe is a solid result considering that our ECHO development and commercialization activities has been our key focus during the period. It is pleasing to see that our sales activities continue to support the development of ECHO.
CEO
We highlight the following key figures from the Q1 Interim Report:
• Revenue: TSEK 2,949 (Q1, 2022: TSEK 3,238)
• Gross profit: TSEK 1,887 (Q1, 2022: TSEK 2,094)
• Gross profit margin: 64.0% (Q1, 2022: 64.7%)
• Result after financial items: TSEK -1,348 (Q1, 20212: TSEK -120)
• Earnings per share:
• Cash flow from operating activities: TSEK -3,282 (Q1, 2022: TSEK -931)
• Equity: TSEK 73,108 (Q1, 2022: TSEK 72,154)
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