Ekobot publishes interim report for January-March 2023

Ekobot AB (publ) (FN STO:EKOBOT) today announced that its interim report for the period January – March 2023 is now available on the company’s website.

“ I’m happy that I’m able to present an interim report that describes Ekobot’s successes during the first quarter of 2023. We’re proud to report a strong start to the year with significant advances in multiple areas, which puts us in a good position for achieving our strategic goals for the year.”

CEO Erik Jonuks

Financial information for January – March 2023

Figures in parentheses refer to the corresponding period of the previous year.

  • Net sales during the period totaled SEK 75 thousand (0).
  • Net earnings for the period totaled SEK -2,872 thousand (-2,425).
  • Earnings per share before dilution totaled SEK -0.47 (-1.02).
  • Total assets at the end of the period totaled SEK 52,861 thousand (33,600).
  • Cash and cash equivalents at the end of the period totaled SEK 23,531 thousand (9,160).

Significant events during the period January – March 2023

  • The Board resolved, contingent upon subsequent approval by an extraordinary general meeting, to carry out a new share issue of no more than 8,564,728 shares with preferential rights for existing shareholders. If fully subscribed, Ekobot will receive share proceeds of around SEK 21.4 million before issue expenses. The issue is subject to around 85% of the subscription rights and guarantees. Also, the Board may resolve on an over-allotment issue in the form of a targeted new share issue of no more than SEK 5.4 million on the condition that the rights issue is fully subscribed.
  • The company published its strategic goals for 2023.
  • In January, the company signed an agreement with a Swedish customer in the organic vegetable cultivation sector. The agreement concerns a robot system for delivery in time for the 2023 growing season.
  • An extraordinary general meeting held on February 16 approved the Board’s proposal concerning a new share issue and resolved on the incentive program 2023/2026A-B to issue warrants to senior executives, employees, consultants and Board members.
  • Ekobot published the prospectus on February 17 in conjunction with the rights issue.
  • A new share issue was concluded on March 14, providing the company with SEK 26.8 million before issue expenses. The rights issue was subscribed to around 130.3% and the Board resolved to issue further shares through a targeted issue to meet the great demand.
  • On March 21, 258,043 targeted shares were issued to the guarantors who preferred payment in shares. The issue price of SEK 3.59 in the compensation issue was based on the volume-weighted average price of the company’s shares during the rights issue subscription period, which ran from February 23, 2023 through March 9, 2023.
  • On March 28, preliminary results were published showing that Ekobot can help reduce storage losses in Swedish onion farming.

Significant events after the end of the period

  • On April 11, the company invited shareholders to attend the Annual General Meeting on May 12, 2023.

The full report is attached as PDF and is available on the company’s website:

The information was submitted, through the care of the contact person below, for publication on May 2, 2023 at 08:00 CET.

For more information, please contact:

Ekobot AB (publ)
Erik Jonuks
Phone: +46 703 850 890
Email: erik.jonuks@ekobot.se

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