Interim Report January – March 2023
29 Mai 2023 - 8:00AM
Interim Report January – March 2023
Interim Report
January –
March
2023
First
quarter
2023
- Net sales for the quarter amounted
to MSEK 13 (18)
- Gross for the quarter decreased to
74% (91%)
- Operating loss decreased to MSEK -14
(-10)
- Earnings per share before and after
dilution decreased to SEK -0.12 (-0.04)
- Events after the reporting period
- On April 5, Anoto announced that it
is in late-stage discussions regarding a potential order of several
hundred thousand pens. In order to finance a timely delivery of
pens regarding the potential order and improve financial position,
the Board of Anoto resolved to carry out a directed share issue of
20 million SEK and a rights issue amounting to in total
approximately SEK 20 million. The rights issue is guaranteed to 50
per cent and both the directed issue and the rights issue was
approved by an Extraordinary General Meeting. The Board of Anoto
resolved on the issue of 50 million new ordinary shares with
deviation from the shareholders preferential rights, raising
proceeds of SEK 20 million before transaction related costs. The
Directed Issue was subject to the approval by the EGM, which was
held on 4 May 2023. The new shares were subscribed for by Beof
Company Ltd., a Korean company affiliated with Mr. KC Kim., who was
previously associated with AIITONE Co Ltd, the largest shareholder
of Anoto. The subscription price was determined based on the
closing price of the Company's ordinary share on Nasdaq Stockholm
on April 4, 2023 of SEK 0.4 per share, which meant that the
subscription price corresponded to a premium of approximately 2.6
percent. The new shares in the Directed Issue corresponds to
approximately 15.1 percent of the total number of shares in the
Company after dilution also including the new shares issued in the
Rights Issue (see below). The Board of Anoto resolved on a new
issue of ordinary shares with preferential rights for the existing
shareholders, raising proceeds of approximately SEK 20 milllion
before transaction related costs. The Rights Issue was subject to
the approval by the EGM, which was held on 4 May 2023. In the
Rights Issue, Anoto’s current shareholders will have a preferential
right to subscribe for new shares in proportion to the number of
shares held on the record date, which is expected to be 10 May
2023. The subscription price has been set to SEK 0.40 per share and
the Rights Issue comprises approximately 50 million ordinary
shares. Shares which are subscribed for without preferential rights
will be offered to current shareholders and other investors who
have applied to subscribe for new shares without preferential
rights. The subscription period is expected to run from 12 May 2023
to 6 June 2023 (Johannes, is this correct?). The new shares in the
Rights Issue correspond to approximately 15.1 percent of the total
number of shares in the Company after dilution also including the
new shares issued in the Directed Issue. Information regarding the
listing of the shares in the Issues, as well as other information
regarding the Company, will be provided in the prospectus that is
planned to be published in May 2023.
- On May 4, an EGM was held at which the Board’s resolutions on
the Directed Issue and the Rights Issue mentioned above were
approved. The full agenda and resolutions of the meeting can be
found on:
https://www.anoto.com/investors/corporate-governance/extraordinary-general-meeting/.
- On May 24 the company announced that
Anoto AB raised additional USD 1.7 million dollars on the sale of
KAIT shares held by Anoto. The shares were placed mainly to
European based Venture Capital companies and individual investors.
This was done in line with Anoto board’s decision to make KAIT
independent. As an independent company KAIT can raise financing by
itself and reduce burden on Anoto. Making KAIT independent means
deconsolidation (lowering Anoto ownership below 50%), which
substantially reduces Anoto’s financial liabilities and improve
earnings as KAIT’s monthly burn rate is having a major impact on
Anoto’s earnings.
For further information, please
contact:
Joonhee Won, CEO, Anoto Group AB
For more information about Anoto, please visit
www.anoto.com or email ir@anoto.com
This information is information that Anoto Group AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency
of the contact person set out above, on 29 May 2023 at 08:00
CEST.
About Anoto Group
Anoto is a publicly held Swedish technology
company known globally for innovation in the area of
information-rich patterns and the optical recognition of those
patterns. It is a leader in digital writing and drawing solutions,
having historically used its 30proprietary technology to develop
smartpens and the related software. These smartpens enrich the
daily lives of millions of people around the world. Anoto currently
has three main business lines: Livescribe retail, Enterprise Forms
and OEM. Anoto also owns Knowledge AI, a leading AI based education
solution company, as its majority-controlled subsidiary. Anoto is
traded on the Small Cap list of Nasdaq Stockholm under ANOT.
- Rapport Q1_2023_En
- Anoto Quarterly Report for Q1 2023 report (Swedish) -
FINAL
Anoto Group Ab (LSE:0RUQ)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Anoto Group Ab (LSE:0RUQ)
Historical Stock Chart
Von Mai 2023 bis Mai 2024