Bifogade filer
PDF
Kurs & Likviditet
Beskrivning
| Land | Danmark |
|---|---|
| Lista | First North Denmark |
| Sektor | Informationsteknik |
| Industri | Programvara |
FINANCIAL REPORT Q1-Q3 2023 [January 1st - September 30st, 2023]
The report has not been audited.
Copenhagen Oct. 26th, 2023.
Nexcom continues delivery on strategy for 2023.
Q3 2023 HIGHLIGHTS
- Nexcom could announce a new contract with a Danish based company to deliver a voice-based robot.
- Revenue of DKK 5,792k, (vs. DKK 5,910k in 2022), is in line with expectations as the revenue of new contracts has yet to impact.
EBIDTA was DKK -5,580k, (improved from DKK -12,083k in 2022), and reflects a significant improvement in the company's cost structure as laid out the strategy for 2023, however it is impacted by the acquisition of MIRSK Digital in June.
Customer loyalty remains high with 97% customer retention, just 1 due contract was not renewed.
The capital increase in March 2023 has been successfully completed and resulted in new shares issued at a share price of DKK 2.50 of an amount of DKK 2,393k including conversion of debt, increasing the amount of shares from 14,066k to 15,024k.
- CX-G, new generative AI platform successfully launched in April 2023, with the potential to reduce manual workload in Contact Centers by as much as 50%.
- Nexcom acquired the assets of MIRSK Digital in June and strategically important speech-to-text and transcription technology, as well as revenue generating contracts that will impact in end H2 and 2024.
- The capital increase in August 2023 has been successfully completed and resulted in new shares issued at a share price of DKK 3.00 of an amount of DKK 10,399k including conversion of debt, increasing the amount of shares from 15,024k to 18,490k.
MANAGEMENT REMARKS
As previous stated, Nexcom has adjusted its growth strategy where the intention that realistic growth levels can be pursued with limited additional capital injections. The strategy is to secure profitable growth and reducing the needed revenue to become cash flow positive by reducing the operating costs of the company. The adapted strategy includes annualized cost reductions of between DKK 10-11,000k. These cost saving initiatives will continue to impact throughout 2023.
EVENTS AFTER THE REPORTING PERIOD
On 25 October Nexcom signed an agreement with an American company regarding delivery and operation of Nexcom's AI Powered voicebot. Nexcom's future remuneration will be paid on the number of tasks the bot performs.
Disclaimer
This report contains forward-looking statements based on management's current expectations. All statements about the future are subject to inherent risks and uncertainties, and many factors can lead to actual results and developments that differ materially from those expressed or implied in such statements.
FURTHER INFORMATION
Rolf Adamson | CEO
Phone: +45 45 76 48 20
E-mail: press@nexcomglobal.com
COMPANY CERTIFIED ADVISOR
Nexcom A/S Kapital Partner A/S
Bredgade 23B, 4saLEwaldsgade 9
1260 København K2200 København N
Tlf. +45 4576 4820Tlf. + 45 8988 7846
www.nexcomglobal.com www.kapitalpartner.dk
INCOME STATEMENT Q1-Q3 2023 [January 1st - September 30st, 2023]
The report has not been audited.
+----------------------+----------+----------+
|TDKK |Q1-Q3 2023|Q1-Q3 2022|
+----------------------+----------+----------+
|Revenue |5,792 |5,910 |
+----------------------+----------+----------+
|TOTAL REVENUE |5,792 |5,910 |
+----------------------+----------+----------+
|Personnel |-6,142 |-12,075 |
+----------------------+----------+----------+
|Other external costs |-5,230 |-5,918 |
+----------------------+----------+----------+
|EBITDA |-5,580 |-12,083 |
+----------------------+----------+----------+
|Depreciation |-2,859 |-2,702 |
+----------------------+----------+----------+
|EBIT |-8,439 |-14,785 |
+----------------------+----------+----------+
|Financial expenses |-341 |579 |
+----------------------+----------+----------+
|PROFIT/LOSS BEFORE TAX|-8,780 |-14,206 |
+----------------------+----------+----------+
|Tax |-17 |-1 |
+----------------------+----------+----------+
|PROFIT/LOSS AFTER TAX |-8,797 |-14,207 |
+----------------------+----------+----------+
+------------------------+----------+
|Number of employees |13 |
+------------------------+----------+
|Outstanding shares |18,805,325|
+------------------------+----------+
|Earnings pr, share (DKK)|-0,47 |
+------------------------+----------+
CASHFLOW STATEMENT Q1-Q3 2023 [January 1st - September 30st, 2023]
The report has not been audited.
+-------------------------------------------------+----------+----------+
|TDKK |Q1-Q3 2023|Q1-Q3 2022|
+-------------------------------------------------+----------+----------+
|Profit/loss before financial items and tax (EBIT)|-8,439 |-14,785 |
+-------------------------------------------------+----------+----------+
|Depreciation and amortization |2,859 |2,702 |
+-------------------------------------------------+----------+----------+
|Adjustment for other non-cash items |398 |2,983 |
+-------------------------------------------------+----------+----------+
|CASH FLOW FROM PRIMARY ACTIVITIES |-5,182 |-9,100 |
+-------------------------------------------------+----------+----------+
|Financial income received |0 |- |
+-------------------------------------------------+----------+----------+
|Financial costs paid |-257 |-530 |
+-------------------------------------------------+----------+----------+
|Income taxes paid/received |-17 |-1 |
+-------------------------------------------------+----------+----------+
|CASH FLOW FROM OPERATION ACTIVITIES |-5,456 |-9,631 |
+-------------------------------------------------+----------+----------+
|Payments for intangible assets |-626 |-529 |
+-------------------------------------------------+----------+----------+
|Payments for tangible assets |0 |-3 |
+-------------------------------------------------+----------+----------+
|CASH FLOW FROM INVESTING ACTIVITIES |-626 |-532 |
+-------------------------------------------------+----------+----------+
|Proceeds from capital increase |13,738 |9,500 |
+-------------------------------------------------+----------+----------+
|Proceeds from short term borrowing |-7,340 |-212 |
+-------------------------------------------------+----------+----------+
|Repayment of loans |-635 |-2,077 |
+-------------------------------------------------+----------+----------+
|CASH FLOW FROM FINANCING ACTIVITIES |5,763 |7,211 |
+-------------------------------------------------+----------+----------+
|NET CASH FLOW FOR THE PERIOD |-319 |-2,952 |
+-------------------------------------------------+----------+----------+
+------------------------------------------------------+----------+----------+
|TDKK |Q1-Q3 2023|Q1-Q3 2022|
+------------------------------------------------------+----------+----------+
|Cash and cash equivalents at the beginning of the year|453 |3,685 |
+------------------------------------------------------+----------+----------+
|Overdraft at the beginning of the year |0 |0 |
+------------------------------------------------------+----------+----------+
|Net cash flow for the year |-319 |-2,952 |
+------------------------------------------------------+----------+----------+
|Exchange rate adjustments on cash/cash equivalents |0 |1 |
+------------------------------------------------------+----------+----------+
|CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD |134 |734 |
+------------------------------------------------------+----------+----------+
- The net cash flow has been weakened compared to the same period last year by the delay of the earlier announced capital increase which first ended in the beginning of August 2023.
The report has not been audited.
+------------------------+-------+-------+
|TDKK |Q3-2023|Q3-2022|
+------------------------+-------+-------+
|ASSETS | | |
+------------------------+-------+-------+
|Intangible assets |15,652 |19,198 |
+------------------------+-------+-------+
|Material assets |40 |101 |
+------------------------+-------+-------+
|Deposits |48 |85 |
+------------------------+-------+-------+
|TOTAL NON-CURRENT ASSETS|15,740 |19,384 |
+------------------------+-------+-------+
|TOTAL CURRENT ASSETS |1,174 |6,216 |
+------------------------+-------+-------+
|TOTAL ASSETS |16,914 |25,600 |
+------------------------+-------+-------+
+------------------------------------+-------+-------+
|TDKK |Q3-2023|Q3-2022|
+------------------------------------+-------+-------+
|LIABILITIES | | |
+------------------------------------+-------+-------+
|Share capital |9,403 |7,033 |
+------------------------------------+-------+-------+
|Capital increase |11,369 |7,917 |
+------------------------------------+-------+-------+
|Foreign currency translation reserve|-609 |-212 |
+------------------------------------+-------+-------+
|Reserve for development |3,920 |4,492 |
+------------------------------------+-------+-------+
|Retained earnings |-17,797|-11,138|
+------------------------------------+-------+-------+
|EQUITY |6,286 |8,092 |
+------------------------------------+-------+-------+
|Long-term liabilities |5,664 |14,019 |
+------------------------------------+-------+-------+
|Short-term liabilities |3,921 |2,364 |
+------------------------------------+-------+-------+
|Other debt |1,043 |1,125 |
+------------------------------------+-------+-------+
|LIABILITIES |10,628 |17,508 |
+------------------------------------+-------+-------+
|TOTAL EQUITY AND LIABILITIES |16,914 |25,600 |
+------------------------------------+-------+-------+
- The company's total assets amount to DKK 16,914k as per September 30st, 2023.
The report has not been audited.
+-------------+-------+-------+----------------+-----------------+------+
|TDKK |Share |Share |Foreign currency|Retained earnings|Equity|
| |Capital|premium|translation | | |
| | | |reserve | | |
+-------------+-------+-------+----------------+-----------------+------+
|Equity |7,033 |- |-407 |-5,080 |1,546 |
|January | | | | | |
|1,2023 | | | | | |
+-------------+-------+-------+----------------+-----------------+------+
|Capital |2,370 |11,369 |- |- |13,739|
|increase | | | | | |
+-------------+-------+-------+----------------+-----------------+------+
|Transfer to |- |- |- |- |- |
|reserves | | | | | |
+-------------+-------+-------+----------------+-----------------+------+
|Exchange rate|- |- |-202 |- |-202 |
|adjustment | | | | | |
+-------------+-------+-------+----------------+-----------------+------+
|Profit/loss |- |- |- |-8,797 |-8,797|
|for the | | | | | |
|period | | | | | |
+-------------+-------+-------+----------------+-----------------+------+
|EQUITY |9,403 |11,369 |-609 |-13,877 |6,286 |
|SEPTEMBER 30,| | | | | |
|2023 | | | | | |
+-------------+-------+-------+----------------+-----------------+------+
- The company's equity totals DKK 6,286k as per September 30st, 2023.
The report has not been audited,
The Board of Directors and Management have today considered and approved the interim financial report of Nexcom A/S for the first half year of 2023. The interim financial report has not been audited or reviewed by the company's independent auditors.
The interim financial report for the first half year of 2023 has been prepared in accordance with the provision of the Danish Financial Statements Act for Accounting Class B with the option of certain principles for Accounting Class C and additional disclosure requirements for companies admitted to trading on Nasdaq First North Growth Market. The accounting policies adopted are consistent with those applied in the annual report 2023.
In our opinion the accounting policies applied are appropriate to the effect that the interim financial report gives a true and fair view of the company's assets, liabilities, cashflow and financial position on June 30st, 2023. Furthermore, in our opinion, the Management review gives a true and fair view of the development in the activities and the financial situation, the financial result for the period and the financial position of the company, Nexcom.
Risks and uncertainties have not changed in relation to the conditions mentioned in the company description prepared in connection with Nexcom share listing on Nasdaq First North Growth Market, Copenhagen.
Copenhagen October 26th, 2023
MANAGEMENT
Rolf Adamson
CEO
BOARD OF DIRECTORS
Christian Hein NielsenPia Gardø RiiseCharlotte Enlund
Chairman