Important key information and figures:
• 2% increase in total revenue in Q3-2023 compared to Q3-2022
• 8% decrease in gross profit in Q3-2023 compared to Q3-2022
• 10% decrease (6.9 points) in gross profit margin in Q3-2023 compared to Q3-2022
• Solvency ratio of 75.7% at
• Two patents granted during and after Q3-2023
During and after the period,
Directional Pixel TechnologyTM (“DPT”, previously Project ECHO): We now have two of our DPT patents issued from the US Patent Office, one for the OLED version, while the second relates to a multi-view 2D LCD version. While not being at the core of our grand vision for DPT, the 2D multi-view solution has a short route to a commercial product, and it is a great example on how we constantly strive to maximize shareholder value. We have also signed an exclusive license agreement with our technology partner
We continue to be very pleased with the DPT progress achieved during the year, and the company expects to have the liquidity necessary to sustain all its operations, including the development and execution of the go-to-market strategy for DPT, at least until
Sales activities: Even though we have a strong focus on our DPT technology in 2023, our MaaS for Exhibition and Hardware sales segments continue to provide us with important revenue streams. In Q3-2023, the total revenue was slightly higher compared to the same period last year, and we are also seeing an encouraging trend so far in Q4. In October and November, revenue from our Sales Activities exceeded 2.7 MSEK, which is 0.2 MSEK higher than the total revenue for Q2. The revenue is however still significantly lower than in Q4-2022.
CEO
We highlight the following key figures from the Q Interim Report:
Q3 2023 (1 July –
• Revenue: TSEK 2,539 (Q3-2023: TSEK 2,481)
• Gross profit: TSEK 1,647 (Q3-2023: TSEK 1,781)
• Gross profit margin: 64.9% (Q3-2023: 71.8%)
• Result after financial items: TSEK -1,529 (Q3-2023: TSEK -1,191)
• Earnings per share:
• Cash flow from operating activities: TSEK -243 (Q3-2023: TSEK -1,530)
• Equity: TSEK 69,979 (Q3-2023: TSEK 74,603)
Q1-Q3 2023 (1 January –
• Revenue: TSEK 7,131 (Q1-Q3 2022: TSEK 9,410)
• Gross profit: TSEK 4,587 (Q1-Q3 2022: TSEK 6,117)
• Gross profit margin: 64.3% (Q1-Q3 2022: 65.0%)
• Result after financial items: TSEK -5,812 (Q1-Q3 2022: TSEK -1,858)
• Earnings per share:
• Cash flow from operating activities: TSEK -5,489 (Q1-Q3 2022: TSEK -2,540)
• Equity: TSEK 69,979 (Q1-Q3 2022: TSEK 74,603)
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