Beskrivning
Land | Norge |
---|---|
Lista | Oslo Bors |
Sektor | Informationsteknik |
Industri | Elektronisk utrustning |
2025-07-14 07:00:00
(Oslo, 14 July 2025) Reference is made to the announcement on 8 July 2025,
regarding termination of the Letter of Intent with Zehnder Group and the aim to
re-engage the process with Firda regarding a potential sale of the company's
business segment assets.
Following constructive discussions with Firda since the announcement, both
parties have mutually agreed to pause the process due to concerns about
Airthings' financial stability after the potential asset sale.
While keeping all other strategic options open, the company will now enter a
further financial review process which may include downscaling, reorganization
and raising capital. Firda has expressed interest in continuing discussions
regarding a potential transaction after necessary mitigating actions have been
successfully taken.
Given the current situation, the Board of Directors and Emma Tryti have mutually
agreed that it would be best for the company to have full flexibility when it
comes to executive management and Tryti therefore will resign her position as
CEO, effective 14 July 2025. Helge Øien (CFO) has been appointed as interim CEO
and will continue to serve in a dual role also as CFO. Geir Førre (Chair) will
work actively with Helge Øien and the company on a daily basis during this
phase. The Board of Directors thanks Emma for her hard work and dedication to
the company and wish her all the best.
Airthings expects to report revenues of USD 7.7 million for Q2 2025, within the
guided range of USD 7.0 to 9.0 million. As of 30 June 2025, the cash balance was
USD 1.6 million and the company had not drawn on its credit facility.
The company will provide more information in due course.
For further queries, please contact:
Helge Øien, interim CEO: ir@airthings.com
About Airthings
Airthings is a leading global technology company specializing in radon detectors
and indoor air quality (IAQ) monitors for homes, businesses, and schools.
The award-winning technology, recognized by TIME's Best Inventions, and the CES
Innovation Awards, generates billions of environmental datapoints, from more
than 1 million devices sold worldwide. Built on proprietary data, IAQ insight is
presented through Airthings' public radon map, and its hardware-enabled software
offering, and through research in collaboration with world-leading research
institutes.
With more than 80 percent of sales in North America, Airthings has established a
strong foothold in one of the world's largest markets, distributing through
top-tier retailers such as Amazon, The Home Depot and Target.
For more information on Airthings' comprehensive range of IAQ solutions and the
benefits of healthy indoor air, please visit airthings.com.
This information is subject to the disclosure requirements pursuant to MAR
Article 17 and Section 5-12 of the Norwegian Securities Trading Act.