Important key information and figures:
• Financing secured into 2025 through a non-dilutive loan
• 38 presentations to potential commercial partners conducted in
• 42% decrease in total revenue in Q4-2023 compared to Q4-2022
• 37% decrease in gross profit in Q4-2023 compared to Q4-2022
• 9% increase (5.6 points) in gross profit margin in Q4-2023 compared to Q4-2022
• Solvency ratio of 75.4% at
• Three patents granted during and after Q4-2023
During and after the period,
Directional Pixel Technology™ (“DPT”): In the fourth quarter of 2023, we had a strong focus on preparing for demonstrations and meetings with potential commercial partners for our groundbreaking display technology, which is now ready for licensing to relevant parties. This was time well spent, as we were able to hold 38 meetings during the Consumer Electronics Show week in
Mixed Reality displays: In Q4-2023, the revenue from sales and services related to our Mixed Reality displays was higher compared to the previous quarter, but substantially lower than in the same period last year. This was expected even though Q4 is usually a stronger sales quarter, as on the other hand it is natural to see an overall decline in revenue from this business as we have a strong focus on securing licensing agreements for our DPT platform. We are confident that this is a wise allocation of our resources, considering that DPT licensing has the potential to create much stronger cash flows compared to our Mixed Reality display related business.
CEO
We highlight the following key figures from the Year-End Report:
Q4 2023 (1 October –
• Revenue: TSEK 2,792 (Q4-2023: TSEK 4,799)
• Gross profit: TSEK 1,938 (Q4-2023: TSEK 3,063)
• Gross profit margin: 69.4% (Q4-2023: 63.8%)
• Result after financial items: TSEK -2,308 (Q4-2023: TSEK -208)
• Earnings per share:
• Cash flow from operating activities: TSEK 3,194 (Q4-2023: TSEK 7,053)
• Equity: TSEK 67,471 (Q4-2023: TSEK 73,787)
Q1-Q4 2023 (1 January –
• Revenue: TSEK 9,923 (Q1-Q4 2022: TSEK 14,209)
• Gross profit: TSEK 6,525 (Q1-Q4 2022: TSEK 9,180)
• Gross profit margin: 65.8% (Q1-Q4 2022: 64.6%)
• Result after financial items: TSEK -8,120 (Q1-Q4 2022: TSEK -2,066)
• Earnings per share:
• Cash flow from operating activities: TSEK -2,295 (Q1-Q4 2022: TSEK 4,513)
• Equity: TSEK 67,471 (Q1-Q4 2022: TSEK 73,787)
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