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Beskrivning
| Land | Sverige |
|---|---|
| Lista | Nordic SME Sweden |
| Sektor | Hälsovård |
| Industri | Medicinteknik |
Period 1 October to 31 December
- Operating income amounted to -772 382 SEK
- Profit after tax amounted to -729 977 SEK
- Earnings per share amounted to -0,038 SEK
- Equity per share amounted to 0,13 SEK
Period 1 January to 31 December
- Operating income amounted to -3 388 980 SEK
- Profit after tax amounted to -3 349 127 SEK
- Earnings per share amounted to -0,008 SEK
- Equity per share amounted to 0,13 SEK
Dividend proposal
The Board of Directors proposes that no dividend be paid for the 2024 financial year.
Events during the reporting period
- Raytelligence announced that it has entered into a conditional agreement for a subsidiary to complete a reverse acquisition of High Speed Interconnects, LLC
- Raytelligence was engaged as strategic advisor by Stemtech Corporation on reverse acquisitions.
Events after the end of the reporting period
Raytelligence AB's subsidiary Innowearable AB's subsidiary High Speed Interconnects International AB completed a reverse acquisition of High Speed Interconnects, LLC in January 2025. The acquisition was made through an offset issue of 90,000,000 new shares in High Speed Interconnects International AB, after which Raytelligence's subsidiary Innowearable holds ten per cent of all shares in the company.
Raytelligence's intention to allow its shareholders to become direct owners of High Speed Interconnects International AB remains. In order for a distribution of shares in the company to take place, Innowearable AB must have distributable funds, which it currently lacks. The management is considering several options, including other forms of transfer as well as strengthening its own balance sheet to enable a distribution.
HSI is a company headquartered in Arizona, USA, that extrudes and assembles high-performance coaxial cables that exceed today's signal integrity requirements.
The Disciplinary Committee of Nordic Growth Market found on 31 January 2025 that the company was considered to have violated the rules of the NGM exchange (decision 2025:1) and decided that Raytelligence shall pay a fine of SEK 250,000.
Number of shares
On 31 December 2024, the total number of shares in the company was 4,285.
Upcoming reports
Interim report Q1 2025 2025-05-23
Interim Report Q2 2025 2025-08-22
Interim Report Q3 2025 2025-11-21
Annual General meeting
The Annual General Meeting is planned to be held in Stockholm on 21 May 2025. The annual report is planned to be available on the company's website on 21 April 2025.
The Company's financial statements are available on its website at the following link: https://www.raytelligence.com/financial-reports/
This information is information that Raytelligence AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:15 CET on 20 February 2025.
For further information, please contact:
Ben Hedenberg, CEO, Raytelligence AB
E-mail: ben.hedenberg@raytelligence.com
Phone: +46 (0)8-551 160 90
About Raytelligence
The company's key strategy is to identify and finalise a combination with a business in any of the following sectors biotechnology & pharmaceuticals, automotive, financial services, communications technology, food technology, cutting edge technologies and media sectors in Europe, America and Asia that can benefit from our management team's extensive experience and operational capability, although the company reserves the right to exercise an acquisition option in any company or industry.
Financial overview
| Amounts in thousands kronor (TSEK) | 2024-10-01 | 2023-10-01 | 2024-01-01 | 2023-01-01 |
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| 2024-12-31 | 2023-12-31 | 2024-12-31 | 2023-12-31 |
| Net Sales | 204 | 43 | 774 | 334 |
| Other operating income | 446 | - | 460 | 49 |
| Operating expenses | -1 423 | -21 084 | -4 623 | -71 078 |
| Adjusted operating expenses | -772 | -20 261 | -3 389 | -69 915 |
| Financial income/loss, net | 42 | 7 | 40 | -134 |
| Profit/loss after tax | -730 | -20 253 | -3 349 | -70 049 |
| Earnings per share, SEK | 0 | 0 | 0 | 0 |
| Equity per share before dilution | 0 | 0 | 0 | 0 |
| Cash flow for the period | 31 | 575 | -585 | -772 |
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| Total number of shares at end of period | 17 952 245 | 571 613 684 | 17 952 245 | 571 613 684 |
| Average No. of shares after dilution | 17 952 245 | 311 977 396 | 423 301 188 | 64 662 527 |
Financial information, group income statement
| Amounts in thousands kronor (TSEK) | 2024-10-01 | 2023-10-01 | 2024-01-01 | 2023-01-01 |
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| 2024-12-31 | 2023-12-31 | 2024-12-31 | 2023-12-31 |
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| Net sales | 204 | 43 | 774 | 334 |
| Capitalized development costs | - | 780 | - | 780 |
| Other operating income | 446 | - | 460 | 49 |
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| 650 | 823 | 1 234 | 1 163 |
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| Raw materials and consumables | - | -14 | -441 | -1 074 |
| Other external expenses | -1 233 | -893 | -3 569 | -7 663 |
| Personnel costs | -79 | -881 | -447 | -1 724 |
| Amortization, depreciation and write-downs | -67 | -19 061 | -90 | -60 175 |
| Other operating expenses | -45 | -235 | -75 | -443 |
| Operating profit / loss | -772 | -20 261 | -3 389 | -69 915 |
| EBITDA | -706 | -1 200 | -3 299 | -9 741 |
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| Interest and other financial income | -10 | 7 | -10 | 8 |
| Interest and other financial expenses | 52 | - | 49 | -142 |
| Net financial income/loss | 42 | 7 | 40 | -134 |
| Profit (loss) before income taxes | -730 | -20 253 | -3 349 | -70 049 |
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| Tax | - | - | - | - |
| Net income (loss) | -730 | -20 253 | -3 349 | -70 049 |
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| Earnings attributable to: |
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| Shareholders of the Parent company | -687 | -18 849 | -3 306 | -67 498 |
| Non controlling interest | -43 | -1 405 | -43 | -2 551 |
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| Earnings per share before dilution, SEK | -0,038 | -0,060 | -0,008 | -1,044 |
| Earnings per share, after dilution, SEK | -0,038 | -0,060 | -0,008 | -1,044 |
Financial information, consolidated balance sheet
| ASSETS |
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| Amounts in thousands kronor (TSEK) | 2024-12-31 | 2023-12-31 |
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| Fixed Assets |
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| Goodwill | - | - |
| Capitalized development costs | 2 851 | 2 851 |
| Financial assets | 65 | - |
| Total fixed assets | 2 915 | 2 851 |
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| Current assets |
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| Accounts receivables | 574 | - |
| Other receivables | 238 | 219 |
| Prepayments and accrued income | - | 226 |
| Total current assets | 812 | 446 |
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| Cash and cash equivalents | 304 | 889 |
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| TOTAL ASSETS | 4 032 | 4 185 |
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| EQUITY AND LIABILITIES |
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| Amounts in thousands kronor (TSEK) | 2024-12-31 | 2023-12-31 |
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| Share capital | 3 590 | 11 432 |
| Other paid in capital | 98 605 | 96 940 |
| Retained earnings | -96 611 | -39 359 |
| Profit (loss) for the period | -3 306 | -67 498 |
| Equity holders of the parent company | 2 279 | 1 516 |
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| Liabilities |
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| Current liabilities |
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| Current bank loan and other interest-bearing debts | 11 | 1 736 |
| Trade payables | 651 | 191 |
| Other current liabilities | 338 | 19 |
| Accrued expenses and prepaid income | 753 | 724 |
| Current liabilities | 1 753 | 2 670 |
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| TOTAL EQUITY AND LIABILITIES | 4 032 | 4 185 |
Financial information, consolidated statement of changes in equity
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| Share capital | Other paid in capital | Retained earnings | Total | Non controlling interest | Total equity | |
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| Equity 2024-01-01 | 11 432 | 96 940 | -106 856 | 1 516 | - | 1 516 |
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| Profit/loss for the period |
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| -3 306 | -3 306 | -43 | -3 349 |
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| New shares issue | 2 447 | 1 665 |
| 4 112 |
| 4 112 |
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| Reduction of share capital | -10 289 |
| 10 289 | - |
| - |
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| Transactions with non-controlling interest |
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| -43 | -43 | 43 | - |
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| Equity 2024-09-30 | 3 590 | 98 605 | -99 917 | 2 279 | - | 2 279 |
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| Equity 2024-10-01 | 3 317 | 98 870 | -99 187 | 3 000 | 0 | 3 000 |
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| Profit/loss for the period |
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| -687 | -687 | -43 | -730 |
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| New shares issue | 273 | -265 |
| 8 |
| 8 |
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| Transactions with non-controlling interest |
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| -43 | -43 | 43 | - |
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| Equity 2024-09-30 | 3 590 | 98 605 | -99 917 | 2 279 | - | 2 279 |
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| 2023 | Attributed to owners of the parent | Non controlling interest | Total equity |
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| Share capital | Other paid in capital | Retained earnings | Total |
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| Equity 2023-01-01 | 10 509 | 98 087 | -49 705 | 58 891 | 2 529 | 61 420 |
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| Profit/loss for the period |
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| -67 498 | -67 498 | -2 551 | -70 049 |
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| New shares issue | 11 292 | 925 |
| 12 217 |
| 12 217 |
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| Reduction of share capital | -10 368 |
| 10 368 | - |
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| Share issue costs |
| -2 073 |
| -2 073 |
| -2 073 |
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| Transactions with non-controlling interest |
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| -22 | -22 | 22 | - |
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| Equity 2023-12-31 | 11 432 | 96 940 | -106 856 | 1 516 | 0 | 1 516 |
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| Equity 2023-10-01 | 11 432 | 96 940 | -87 986 | 20 386 | 1 383 | 21 769 |
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| Profit/loss for the period |
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| -18 849 | -18 849 | -1 405 | -20 253 |
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| Transactions with non controlling interest |
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| -22 | -22 | 22 | - |
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| Equity 2023-12-31 | 11 432 | 96 940 | -106 856 | 1 516 | 0 | 1 516 |
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Financial information, consolidated cashflows
| Amounts in thousands kronor (TSEK) | 2024-10-01 | 2023-10-01 | 2024-01-01 | 2023-01-01 |
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| 2024-12-31 | 2023-12-31 | 2024-12-31 | 2023-12-31 |
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| Cash flow from operating activities |
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| Operating profit/loss | -772 | -20 261 | -3 389 | -69 915 |
| Adjustment for items not included in cash flow; |
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| - Depreciation and write-downs | 67 | 19 061 | 90 | 60 175 |
| - Other items, not affecting cash | -443 | 1 114 | -443 | 1 322 |
| Interest received | -10 | -41 | -10 | 8 |
| Interest paid | 52 | 0 | 49 | -142 |
| Cash flow from operating activities before changes in working capital | -1 106 | -127 | -3 702 | -8 553 |
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| Increase/decrease in inventory | - | -927 | - | - |
| Increase/decrease in accounts receivables | -4 | 8 | -574 | 8 |
| Increase/decrease in other current receivables | 946 | -40 | 821 | 646 |
| Increase/decrease in other current liabilities | 167 | -2 347 | 657 | -2 347 |
| Increase/decrease in accounts payable | 422 | 2 228 | 2 649 | 3 019 |
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| Cash flow from operating activities | 426 | -1 205 | -149 | -7 227 |
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| Cash flow from Investing activities |
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| Acquisition of subsidiaries, net of acquired cash and cash equivalents | -338 | - | -372 | - |
| Investments in intangible fixed assets | 0 | 44 | 0 | -780 |
| Investments in financial assets | -65 | - | -65 | - |
| Cash flow from Investing activities | -403 | 44 | -436 | -780 |
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| Cash flow from Financing activities |
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| New share issue, net after expenses | - | 0 | - | 7 604 |
| New share issue, expenses | 8 | 0 | - | -2 105 |
| Borrowings | - | 1 736 | - | 1 736 |
| Cash flow from Financing activities | 8 | 1 736 | - | 7 235 |
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| Cash flow for the period | 31 | 575 | -585 | -772 |
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| Reconciliation of cash |
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| Cash and cash equivalents at the beginning of the period | 273 | 314 | 889 | 1 661 |
| Cash and cash equivalents at the end of the period | 304 | 889 | 304 | 889 |
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| Cash flow for the period | 31 | 575 | -585 | -772 |
Financial information, key performance
| Amounts in thousands kronor (TSEK) if not other is specified |
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| 2024-10-01 | 2023-10-01 | 2024-01-01 | 2023-01-01 |
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| 2024-12-31 | 2023-12-31 | 2024-12-31 | 2023-12-31 |
| Profit |
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| Net Sales | 204 | 43 | 774 | 334 |
| Other income | 446 | - | 460 | 49 |
| Operating income | -772 | -20 261 | -3 389 | -69 915 |
| Profit/loss after tax | -730 | -20 253 | -3 349 | -70 049 |
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| Financial statement |
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| Equity ratio (%) | 56,5% | 36,2% | 56,5% | 36,2% |
| Total assets | 4 032 | 4 185 | 4 032 | 4 185 |
| Equity | 2 279 | 1 516 | 2 279 | 1 516 |
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| Per share |
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| Total shares at the end of the period | 17 952 245 | 571 613 684 | 17 952 245 | 571 613 684 |
| Average shares during the period | 17 952 245 | 311 977 396 | 423 301 188 | 64 662 527 |
| Earnings per share, SEK | -0,038 | -0,060 | -0,008 | -1,044 |
| Equity per share before dilution* | 0,13 | 0,00 | 0,13 | 0,00 |
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Financial information, parent company's income statement
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| 2024-10-01 | 2023-10-01 | 2024-01-01 | 2023-01-01 |
| Amounts in thousands kronor (TSEK) | 2024-12-31 | 2023-12-31 | 2024-12-31 | 2023-12-31 |
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| Net sales | 200 | - | 200 | 224 |
| Other operating income | 0 | - | 0 | 49 |
| Capitalized development costs | - | - | - | 780 |
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| 200 | - | 200 | 1 053 |
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| Raw materials and consumables | - | -14 | -18 | -1 070 |
| Other external expenses | -710 | -807 | -2 890 | -7 403 |
| Personnel costs | -79 | - | -447 | -1 125 |
| Amortization, depreciation and write-downs | - | 26 | - | -25 113 |
| Other operating expenses | -3 | - | -28 | -408 |
| Operating profit / loss | -593 | -795 | -3 183 | -34 065 |
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| Income and loss from shares in group companies | - | -200 | - | -35 077 |
| Interest and similar income | 3 | 55 | 3 | 156 |
| Interest and similar expenses | - | - | -1 | -156 |
| Net financial income/loss | 3 | -145 | 2 | -35 076 |
| Income after financial result | -589 | -940 | -3 181 | -69 142 |
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| Tax | - | - | - | - |
| Profit / Loss for the year | -589 | -940 | -3 181 | -69 142 |
Financial information, parent company's balance sheet
| Amount in thousand kronor (TSEK) | 2024-12-31 | 2023-12-31 |
| ASSETS |
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| Other intangible assets | 2 851 | - |
| Other fixed assets | - | - |
| Shares in group companies | 882 | 882 |
| Total fixed assets | 3 732 | 882 |
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| Current assets |
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| Receivables group companies | 11 | 2 013 |
| Other current debts | 56 | 197 |
| Prepayments and accrued income | 119 | 192 |
| Total current assets | 186 | 2 402 |
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| Cash and bank balances | 290 | 863 |
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| TOTAL ASSETS | 4 208 | 4 146 |
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| Amount in thousand kronor (TSEK) | 2024-12-31 | 2023-12-31 |
| EQUITY AND LIABILITIES |
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| Restricted equity |
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| Share capital | 3 590 | 11 432 |
| Unrestricted equity |
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| Share premium reserve | 98 605 | 96 940 |
| Retained earnings | -96 288 | -37 435 |
| Profit (loss) for the period | -3 181 | -69 142 |
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| -864 | -9 637 |
| Total equity | 2 726 | 1 795 |
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| Current liabilities |
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| Liabilities to credit institutions | 11 | - |
| Trade payables | 462 | 112 |
| Non-current liabilities to group companies | 47 | - |
| Other current liabilities | 272 | 1 736 |
| Accrued expenses and prepaid income | 690 | 503 |
| Total current liabilities | 1 482 | 2 351 |
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| TOTAL EQUITY AND LIABILITIES | 4 208 | 4 146 |
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Financial information, parent company's condensed equity
| Amount in thousand kronor (TSEK) | 2024-12-31 | 2023-12-31 |
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| Opening equity | 1 795 | 60 792 |
| Net income for the period | -3 181 | -69 142 |
| New share issue | 4 112 | 12 249 |
| New share issue expenses | - | -2 105 |
| Closing equity | 2 726 | 1 795 |