Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. NORWEGIAN OVER THE COUNTER MARKET
  5. CrayoNano AS
  6. News
  7. Summary
    CNANO   NO0010820558

CRAYONANO AS

(CNANO)
SummaryChartsNewsCompany 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

CrayoNano : 2Q 2021 Financial update ›

08/26/2021 | 04:31am EDT
CrayoNano AS 2Q 2021 Financial update 2021-08-26

Trondheim, Norway (CNANO): The unaudited accounts for the second quarter 2021 have been released and are available on the company website. CrayoNano has not yet released its technology to the market and revenue relates to public funding.

The accounts show a negative net profit of NOK 6.8 MNOK and a negative cash flow for the quarter of 13.4 MNOK vs a negative 3.8 MNOK and a positive 9.4 MNOK for the 2Q 2020 respectively. As part of the planned ramp up the payroll and other operating costs increased to NOK 9,9 in 2Q 2021 compared to NOK 4.5 million in 2Q 2020. Major investments include PPE and capitalized development cost of 3.0 MNOK vs 2.1 MNOK in 2Q 2020.

The Company has a robust cash position of NOK 103,2 million at the end of Q2. After closing of the quarter CrayoNano has received the first part of the EIC grant amounting to 13,7 MNOK strengthening the financial position further. Next payout from EIC is expected early 2022.

The total equity is NOK 167.4 million with an equity ratio of 86%.

Total number of shares fully diluted is 30 715 841 hence earnings pr share fully diluted is -NOK 0.22.

CrayoNano will distribute an operational update and hold an investor presentation second half of September 2021.

Contact:

CFO CrayoNano Bård Skogstad Mail: investor@crayonano.com Phone: +47 72 90 98 60

About CrayoNano

CrayoNano specializes in UVC LED packaged chips for disinfection of water, surface and air based on a breakthrough, patented technology combining Graphene and nanostructures.

The company is headquartered in Trondheim, Norway applying a fab-lite model with a global supply-chain and world-wide footprint to provide our OEM customers new semiconductor devices that enable new industrial and consumer product solutions in health & safety, water purification, life science, white goods, and automotive industries. CrayoNano is registered on OTC in Norway under the ticker: CNANO.

Disclaimer

Crayonano AS published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 08:30:07 UTC.


© Publicnow 2021
All news about CRAYONANO AS
10/01CRAYONANO : | Company Operational Update ›
PU
08/27CRAYONANO : signs term sheet with the EIC Fund for up to €5 million in equity funding &rsa..
PU
08/27CRAYONANO : signs term sheet with the EIC Fund for up to €5 million in equity funding
PU
08/26CRAYONANO : 2Q 2021 Financial update ›
PU
08/26Crayonano AS Announces Unaudited Earnings Results for the Second Quarter of 2021
CI
08/23CRAYONANO : Q2 2021 Financial Summary
PU
08/18CNANO : Financial Calendar 2021 ›
PU
08/16CRAYONANO : 1Q 2021 Financial update ›
PU
06/11CRAYONANO : Q1 2021 Financial Summary
PU
06/09CrayoNano Announces Unaudited Earnings Results for the Full Year of 2020 and First Quar..
CI
More news
Chart CRAYONANO AS
Duration : Period :
CrayoNano AS Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Jo Uthus Chief Executive Officer
Bård Skogstad Chief Financial Officer
Jørgen André Nilsen Chairman
Helge Weman Chief Scientific Officer
Ida Marie Høiaas Chief Technology Officer