Record quarter concludes 2023
The fourth quarter was the strongest in the company's history. Revenue in the fourth quarter amounted to
The long-term trend of improved growth and profitability is a result of many strategic initiatives, where two important components are a stronger product portfolio and expanded expertise, focusing on the growth areas of IP and cloud. Key advancements within time synchronization included product launch, a new framework agreement with Teracom, and the initiation of standardization for our synchronization technology. We are proud to announce the commercial launch of our new time synchronization solution, Zyntai. The orderbook increased from
October –
- Net sales amounted to
SEK 162.5 (125.0) million, an increase of 30.0% year-on-year. In comparable currencies net sales increased by 27.2%. - Operating earnings amounted to
SEK 29.4 (13.2) million, corresponding to an operating margin of 18.1% (10.6%). Excluding foreign exchange rate differences ofSEK -0.1 (-2.7) million, operating earnings wereSEK 29.5 (15.9) million. - Net income for the period was
SEK 22.6 (9.9) million. - Earnings per share diluted was
SEK 0.06 (0.03). - Total cash was
SEK 4.2 (14.0) million. Excluding the cash impact from share-related transactions, the cash flow wasSEK 17.5 (37.5) million.
January –
- Net sales amounted to
SEK 559.4 (475.1) million, an increase of 17.7% year-on-year. In comparable currencies net sales increased by 12.4%. - Operating earnings amounted to
SEK 70.9 (60.5) million, corresponding to an operating margin of 12.7% (12.7%). Excluding foreign exchange rate differences ofSEK -5.0 (-1.9) million, operating earnings wereSEK 75.9 (62.4) million. - Net income for the period was
SEK 60.1 (54.0) million. - Earnings per share diluted was
SEK 0.17 (0.15). - Total cash was
SEK -41.7 (-47.0) million. Excluding the cash impact from share-related transactions, the cash flow wasSEK 0.9 (51.3) million.
Q4 in brief
- Strongest quarter in the company’s history concludes a record year
- Product launches throughout the year resulting in strong growth
- Framework agreement signed with Teracom for time synchronization of critical mobile networks
- Expanded collaboration with a major American operator in time synchronization
For the complete Year-end report, please refer to the attached PDF.
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