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Third quarter 2021
Net sales for the quarter increased to MSEK 24 (15)
Gross margin for the quarter decreased to 34% (41%)
Operating loss decreased to MSEK -13 (-46)
Earnings per share before and after dilution amounted to SEK -0.09 (-0.30)
During the quarter, we secured a loan of 20 million SEK from Swedish Investors. The loan is an unsecured debt with an interest of 1% per month, an origination fee of 3% and the maturity term of nine months. The investors have the right to convert the loan into equity after five months at a market price without discount. The proceeds will be used to build the pen inventory in order to meet the increased demand from customers
Events after the reporting period
In October, we signed a new two-year license agreement with Deutsche Telekom worth approximately MUSD 1.4
January – September 2021
Net sales for the period amounted to MSEK 51 (51)
Gross margin for the period increased to 51% (42%)
Operating loss decreased to MSEK -38 (-84)
Earnings per share before and after dilution amounted to SEK -0.22 (-0.58)
In the first quarter, we completed a directed rights issue of 21,000,000 new ordinary shares, through which we raised approximately SEK 18.9 million
For further information, please contact:
Perry Ha, CEO, Anoto Group AB
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 November 2021 at 08:00 CET.
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.