Ekobot publishes interim report for April – June 2021

Ekobot AB (publ) (FN STO: EKOBOT) today publishes the company's interim report for the period April – June 2021, which can be viewed on the company's website.

The first and second quarters of 2021 have, so far, been the most eventful time periods in Ekobot's history. The company has continued to develop according to the set plan at the same time as the company has strengthened its IPR portfolio, created strong partnerships, and through new recruitments strengthened the company's strategic management.

Financial information April – June 2021
Numbers in parentheses refer to the corresponding period last year.

April – June 2021
Figures 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 -2,282 thousand (-559).
  • Earnings per share before dilution amounted to SEK -0.96 (-5.07).
  • Total assets at the end of the period amounted to SEK 26,834 thousand (10,892).
  • Cash and cash equivalents at the end of the period amounted to SEK 16,652 thousand (5,534).

Financial information for January – March 2021
Figures in parentheses refer to the corresponding period of the previous year.

  • Net sales during the period totaled SEK 0 thousand (0).
  • Earnings for the period totaled SEK –1,736 thousand (–548).
  • Earnings per share, basic, totaled SEK –1.09 SEK (–5.22).
  • Total assets at the end of the period amounted to SEK 27,799 thousand (6,873).
  • Cash and cash equivalents at the end of the period totaled SEK 19,776 thousand (1,531).

January – June 2021

Figures 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 -4,018 thousand (-1,147).
  • Earnings per share before dilution amounted to SEK -2.02 (-10.28).
  • Total assets at the end of the period amounted to SEK 26,834 thousand (10,892).
  • Cash and cash equivalents at the end of the period amounted to SEK 16,652 thousand (5,534).

Significant events during the period January – March 2021

  • Almi Företagspartner Mälardalen AB demonstrated its confidence in the company by granting a loan of SEK 2.6 million.
  • The company was listed on the Nasdaq First North Growth Market on March 15 and at the same time completed a new share issue that raised proceeds of SEK 20.5 million for the company before issue costs.
  • The company was a finalist in the innovation competition for the AgTech Challenge and was granted support for market development from the Swedish Board of Agriculture.

Significant events April – June 2021

  • Ekobot receives EU support and enters into a collaborative project with Europe's leading agricultural university, Wageningen University Research.
  • On April 15, Erik Jonuks will take over as CEO (former Deputy CEO) when Ulf Nordbeck announces that he has decided to leave his post. Ulf maintains its commitment to the company as a shareholder and board member.
  • On April 15, Tomas Täuber will also be appointed 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, Ekobot will submit a patent application to the European Patent and Registration Office for systems for cutting, linear weed control.
  • Victoria Woyland is elected to the Board on June 30. 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.

Significant events after the end of the interim period
No significant events have occurred after the end of the interim period.

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 to reduce or completely eliminate chemical spraying in crops of crops for human consumption.

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.