(
Full report is enclosed to this press release and is also uploaded at https://heliospectra.com/investor-relations/financial-reports-documents/reports/.
SUMMARY OF REPORT
Sales and financial performance October -
- Order intake during the period amounted to
SEK 9,377 (12,677) thousand. -
Net sales during the period amounted to
SEK 9,908 (9,998) thousand. -
Operating results during the period amounted to
SEK -7,605 (-8,950) thousand. -
Profit after tax was
SEK -7,312 (-9,075) thousand.
Sales and financial performance January -
- Order intake during the period amounted to
SEK 28,056 (34,423) thousand. -
Net sales during the period amounted to
SEK 35,311 (25,728) thousand. -
Operating results during the period amounted to
SEK -23,608 (-35,943) thousand. -
Profit after tax was
SEK -22,688 (-36,083) thousand.
Cash flow January -
- Operating cash flow was
SEK -25,101 (-33,848) thousand. -
Total cash flow was
SEK -4,843 (2,762) thousand. -
Cash equivalents at the end of the period were
SEK 8,642 (13,485) thousand.
CEO COMMENT
Dear Shareholders,
As we reflect on 2023, it stands out as a defining period that shapes our trajectory moving forward. As we step into 2024, we do so with confidence, anchored by a stable product platform catering to both commercial large-scale greenhouses and our dynamic
While our journey in 2023 didn't precisely align with the ambitious budgetary goals we had set, I am pleased to announce that our net sales improved by 37% compared to the previous year, despite market challenges and a competitive landscape. Throughout the year, we faced several obstacles, including inflation, higher interest rates, reduced energy prices, and a delayed subsidizing program in
Despite this, we managed to win three tenders with leading technical Universities in
The momentum from 2023 carries forward into the new year, as evidenced by our proactive approach to sales and marketing. Already in 2024, we've participated in two prominent trade shows: IPM Essen in
Throughout 2023, our focus remained steadfast on developing innovative, customer-centric solutions. We introduced groundbreaking products such as the MITRA X Flex, a three-spectrum-in-one solution with flexible far-red, DOXA, our wireless PAR sensor, and an enhanced version of our control system - helioCORE 2.0. This version offers a more user-friendly interface with drag-and-drop features, real-time weather forecasts, dynamic zoning and dimming capabilities, along with new data-overview and safeguard features-- an offering unique to
Building on this foundation, we're excited to unveil our latest offerings: the new ELIXIA and DYNA platforms, our fully controllable solutions, set for full launch in April/May. Both will feature significant improvements in IP rating, output, and efficacy, with the ELIXIA fixture now offering an additional wavelength, increasing from 4 to 5 wavelengths. The new platform allows us to maintain our relevancy and strong brand in the research market while also improving our solution towards, for example, seed producers and research greenhouses.
Additionally, our development team has recently unveiled advancements to our MITRA X platform, making the platform fully modular and allowing us to cater to diverse environments and crops. The platform now comes with a wattage ranging from 325W to 1500W, a comprehensive spectrum portfolio ranging from 40% red to 90% red, a Flexible spectrum alternative, an efficacy of up to 3.7, and an output of up to 5700 µmol. This, combined with our Swedish craftsmanship, use of only A-brand components, and unique dynamic solutions, provides growers with market-leading quality against a very competitive cost per mmol!
Our cost-saving initiatives, launched in 2022, have yielded substantial benefits. By minimizing our reliance on external consultants and optimizing internal resources, we were able to reduce our other external costs by
This, coupled with the increase in net sales, drove a notable improvement of
As we embark on this journey into 2024, I extend my heartfelt gratitude for your unwavering support and trust in
With gratitude,
CEO and Interim CFO
For More Information:
http://www.heliospectra.com
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Company HELIO is listed at Nasdaq First North Growth Market with
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