OptiCept Technologies half-year report 2024
OptiCept Technologies AB (publ),(ticker: OPTI) today published its half-year report for 2024 (January – June 2024) which is available on the company's website: https://investor.opticept.se/finansiell-information/finansiella-rapporter/
SIGNIFICANT EVENTS DURING Q2 2024
• OptiCept achieves breakthrough for oliveCEPT® in Spain, signs contract worth 270,000 Euros
• OptiCept receives order from leading olive oil producer in Spain
• OptiCept files patent application for combined PEF and VI treatment of fruit and vegetable products
• OptiCept explores new partnership opportunity with a world-leading company in flower care product
• OptiCept signs agreement with one of the world’s largest olive oil producers
• OptiCept Secures Order Estimated at 60 MSEK
• The Swedish Energy Agency converts long-term loan to grant
• OptiCept takes out a loan of a total of SEK 29 million to meet increased demand for the company’s products and carries out a targeted issue of warrants to lenders
• OptiCept deepens cooperation with Dole - project in Thailand opens up new business opportunities in the fruit industry
• Extended Shelf Life for Juice with OptiCept’s PEF Technology According to CREA Study
• OptiCept Installs PEF System at Award-Winning Olive Oil Producer in France
• OptiCept Begins Commercialization in South Africa – Initiates Collaboration with Leading Forestry Companies
• OptiCept enters partnership and becomes a shareholder in Simply No Waste AB
SIGNIFICANT EVENTS AFTER THE PERIOD
• OptiCept Submits Patent Application and Strengthens its IP-portfolio for Vacuum Impregnation focused on cuttings
• OptiCept Technologies signs agreement with leading olive oil producer in Spain
• OptiCept Technologies signs lease agreement with innovative olive oil producer in Spain
• OptiCept signs additional rental agreement with olive oil producer in Spain
• OptiCept signs lease agreement with world-renowned wine producer in France
• New research confirms that PEF technology from OptiCept increases the shelf life of freshly squeezed juice
| FINANCIAL OVERVIEW | ||||
| KSEK (unless otherwise stated)* | Q2 Apr-Jun) | Q1-Q2 (Jan-Jun) | ||
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue** | 9 360 | 2 337 | 13 108 | 7 551 |
| Operating Income | -9 663 | -15 099 | -26 120 | -32 768 |
| Result for the period | -10 213 | -16 928 | -25 018 | -37 724 |
| Open orders | 61 313 | 28 842 | 61 313 | 28 842 |
| Reported EBITDA | -6 252 | -10 656 | -17 746 | -22 853 |
| Net result for the period | 376 425 | 409 083 | 376 425 | 409 083 |
| Cash & cash equivalents | 4 022 | 26 503 | 4 022 | 26 503 |
| Equity | 340 494 | 366 633 | 340 494 | 366 633 |
| Equity ratio (%) | 90% | 90% | 90% | 90% |
| Average number of shares in the period | 44 181 669 | 29 861 970 | 44 181 669 | 29 715 589 |
| Number of shares at the end of the period | 47 146 408 | 30 843 265 | 47 146 408 | 30 843 265 |
| Earnings per share before and after dilution (SEK) | -0,23 | -0,57 | -0,57 | -1,27 |
| Cash flow from operating activities | -12 108 | -32 520 | -21 762 | -52 081 |
| Total Cash flow | -7 845 | -17 977 | -10 093 | -68 207 |
| For information regarding alternative performance measures, please refer to Note 5. | ||||
| * Rounding may occur so that in some cases the amounts do not add up | ||||
| ** For information regarding net revenue, please refer to Note 2. | ||||
“It has been a very successful quarter, and OptiCept is in a good position. Our strategy is bearing fruit, sales are increasing, and we have created conditions that open up long-term opportunities in several areas. To me, it is beyond doubt that we are now facing the company’s most exciting period so far, and we see that several major opportunities can be realized in the near term. Now, the focus is 100% on execution and delivery to the customer” says Thomas Lundqvist, CEO of OptiCept Technologies.