Ekobot AB (publ) (FN STO: EKOBOT) today publishes the company's interim report for the period July – September 2021, which can be found on the company's website. After several years of intensive work with technology development in focus, the third quarter of 2021 has been a period when extensive market-oriented work has begun. The company has implemented a series of successful field tests in commercial vegetable farms. The company has further developed strategically important partnerships in the Netherlands.
Financial information
Numbers in parentheses refer to the corresponding period last year.
July – September 2021
Numbers in parentheses refer to the corresponding period last year.
• Net sales during the period amounted to SEK 0 thousand (0).
• Profit for the period amounted to SEK -1,540 thousand (-911).
• Earnings per share before dilution amounted to SEK -0.65 (-6.30).
• Total assets at the end of the period amounted to SEK 24,536 thousand (10,015).
• Cash and cash equivalents at the end of the period amounted to SEK 12,747 thousand (3,744).
January – September 2021
Numbers in parentheses refer to the corresponding period last year.
• Net sales during the period amounted to SEK 0 thousand (0).
• Profit for the period amounted to SEK -5,559 thousand (-2,058).
• Earnings per share before dilution amounted to SEK -2.63 (-16.79).
• Total assets at the end of the period amounted to SEK 24,536 thousand (10,015).
• Cash and cash equivalents at the end of the period amounted to SEK 12,747 thousand (3,744).
Significant events January – September 2021
• Almi Företagspartner Mälardalen AB believes in the company and grants a loan of SEK 2.6 million.
• The company was introduced on the Nasdaq First North Growth Market on March 15 and is also carrying out a new share issue that brings in SEK 20.5 million to the company before issue costs.
• The company is a finalist in the innovation competition for the AgTech Challenge and is granted support for market development from the Swedish Board of Agriculture.
• The company receives EU support and enters into a collaborative project with Europe's leading agricultural university, Wageningen University Research.
• On April 15, Erik Jonuks is appoited as CEO (former Deputy CEO) when Ulf Nordbeck announces that he has decided to leave his position. Ulf maintains his involvement in the company as a shareholder and board member.
• On April 15, Tomas Täuber is appointed as new technical manager. Tomas is an experienced leader with a solid technical background.
• At the end of May, Ekobot and Scanfil in Åtvidaberg will start a collaboration with the aim of starting an industrialization process of their robot platform Ekobot Gen III.
• Ekobot and Telia have begun a collaboration to create a powerful solution for efficient precision agriculture. The solution is based on connection to Telia's 5G network.
• In June, the company submits a patent application to the European Patent and Registration Office regarding systems for cutting, linear weed control.
• Victoria Woyland is elected to the Board on 30 June. Victoria thus strengthens Ekobot's board as Victoria has a broad background in, among other things, aftermarket, business development and IT and digital service development.
• In September, the company takes a first important step towards exporting to the European market through a number of very successful field tests in the Netherlands.
Significant events after the end of the period
• On October 7, the company, in fierce competition among Sweden's leading agricultural innovations, takes home the first prize in the Household Society's innovation competition Agtech challenge 2021.
• On November 1, the company, together with Wageningen university and research, will publish promising test results from fieldtests. The test results show a very fast and promising development of the robot system's efficiency.
About Ekobot
Ekobot AB (publ), based in Västerås, conducts business based on the business concept of developing, manufacturing and selling autonomous agricultural robots that enable efficient precision cultivation where weed management takes place completely without or with minimal use of herbicides. The company's vision is to provide the agricultural sector with a long-term sustainable alternative for reducing or completely eliminating chemical spraying in crops of crops for human consumption. The company is listed on the Nasdaq First North Growth Market.
For more information, see Ekobot's website www.ekobot.se
Augment Partners AB, tel. +46 8 505 651 72, e-mail: info@augment.se is the Company's Certified Adviser.
