Bifogade filer
PDF
Kurs & Likviditet
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
2022-10-28 08:00:00
The positive and exciting development continues despite a challenging situation in the world
Summary of the third quarter 2022
Financially- Net sales amounted to 306 tSEK (936 tSEK for the corresponding quarter in 2021), which refers to customer demo activities and studies. In the comparison period a small AxoPur[®] system was sold.
- Other revenues were 0 tSEK (95), where the revenue in the comparison period relates to public research grants and project support.
- Earnings before interest and tax became -3 756 tSEK (-4 079). The lower net sales have result-wise been outweighed by less depreciation and lower personnel costs.
- Net earnings per share amounted to -0,03 SEK (-0,08). The number of shares has increased following the recent issue of shares.
- Liquid funds were 22 126 tSEK at the end of the third quarter 2022 (15 767 at the end of the third quarter 2021).
- Axolot's joint project with Ahlström-Munksjö Aspa Bruk, aiming at reducing the phosphorus emissions from Aspa Bruk, has proceeded very successfully during the third quarter. A detailed project planning is ongoing together with the customer, enabling Axolot to submit an offer to the customer of a permanent installation of a full-scale system with a capacity of 300 m[3] /h. This shall live up to the requirements set by the environmental authorities, in a cost-efficient manner.
- Several demos and some study have been agreed and/or performed, for example within vehicle washing, the oil industry, coating, recycling as well as purification of waterways and bays.
- Net sales for the first nine months of 2022 were 1 184 tSEK (1 948 tSEK for the corresponding period of 2021), relating to customer demo activities and studies.
- Other revenues were 1 tSEK (345), where the revenue in the comparison period relates to public research grants and project support.
- Earnings before interest and tax became -12 968 tSEK (-13 478). Principally, lower personnel costs and depreciations explain the less negative results compared to previous year.
- Axolot has during the second quarter signed a Letter of Intent together with two Norwegian partners, in order to establish a Norwegian joint venture company for the Norwegian market. The company was established in the beginning of October. In Norway, the interest in Axolot's water purification technology grows rapidly, and several projects are being prepared within the areas of fish farming, fish slaughter as well as smelteries.
- In the second quarter, Axolot made a preferential rights issue of 20.4 MSEK. The preferential rights issue was oversubscribed with a subscription rate of 146%. The Board decided to make use of an oversubscription option, adding another 2.85 MSEK to the cash impact from the rights issue. In total, Axolot thereby got a cash effect of totally 21.7 MSEK, net after deduction of issuing costs.
Key events during the third quarter 2022
There were no key events during the third quarter 2022.
Key events after the end of the third quarter 2022- Axolot Solutions signed on October 2 an agreement with two Norwegian partners, to establish a Norwegian joint venture company. The company has now been established and took its first steps into the Norwegian market for industrial water purification.
- Axolot Solutions and Fortum Waste Solutions have in October signed a cooperation and development agreement, aiming at supporting each other's development projects around purification of certain types of contaminated water. Through this cooperation, the parties expect to be able to accelerate the development of new and more efficient methods and technologies for the purification of industrial process water.