Freemelt Holding AB (publ) publishes the Interim report for April – June, Q2 2024
Significant events April-June, Q2 2024
- Freemelt has received the first eMELT-iD order in North America from a prestigious university
- Freemelt has received an order for Freemelt ONE from the University of North Texas
- Freemelt has received a new order from UKAEA (United Kingdom Atomic Energy Authority)
- Freemelt has entered into a strategic collaboration with Sandvik and Mid Sweden University
- A rights issue of approximately 66 MSEK was completed
Key figures April-June, Q2 2024
| KSEK | Apr – Jun | Apr – Jun | Full year |
| 2024 | 2023 | 2023 | |
| Net sales | 2 410 | 5 540 | 22 310 |
| Operating result | -26 739 | -22 890 | -84 024 |
| Result after fin. items | -26 635 | -22 901 | -82 854 |
| Balance sheet total | 266 485 | 287 888 | 254 686 |
| Equity ratio | 91% | 96% | 94% |
| Cash flow | 29 739 | -16 212 | 23 052 |
Freemelt CEO Daniel Gidlund comments:
“We continue to build on the foundation from 2023 and robust momentum from Q1.
Our focus is to accelerate the commercialization of our industrial machine eMELT and related service offerings by intensifying our efforts in Europe and North America.
During the quarter we have demonstrated continued progress in the research and industrial segments including Defense, Energy, and MedTech with a focus on high-demanding components in tungsten, copper, and titanium. Our focus on innovation, strategic partnerships, and expansion into critical applications bring us closer to our long-term ambition of establishing Freemelt as a leading productivity partner, providing value throughout the entire product lifecycle by generating increased productivity, reduced operating costs, and maximizing long-term customer value that will result in customer loyalty and an increased share of wallet for Freemelt.”
August 7 at 2:00 pm CEST, Freemelt will host a webcast. The presentation is followed by a Q&A, moderated by Finwire.
You can find the webcast at this link: https://www.finwire.tv/webcast/freemelt/q2-2024/.
The recording will be available afterward.
Freemelt’s CEO Daniel Gidlund will be interviewed by Redeye’s analyst Anton Hoof on August 7 at 11:00 am CEST. You can watch the interview by registering at this link: https://www.redeye.se/company/freemelt
The full report is available as an attached PDF and at Freemelt’s website: Freemelt Financial Reports