2012 Year End Report
08-02-13 kl. 8/2 2013 07:30 | Anoto Group 0,43 (+4,88%)
-- Net sales in the period amounted to MSEK 199 (192) and net sales in the
fourth quarter amounted to MSEK 41 (57).
-- The gross margin for the period was 72% (71) and gross margin for the
fourth quarter was 71% (72). The gross profit for the period was MSEK 144
(137) and gross profit in the fourth quarter was MSEK 29 (41).
-- Earnings before depreciations and amortizations (EBITDA) for the period was
MSEK -26 (4) and EBITDA for the fourth quarter was MSEK -18 (5).
-- The result after tax for the period was MSEK -45 (-244) and the result
after tax for the fourth quarter was MSEK -24 (0).
-- Earnings per share before and after dilution for the period was SEK -0,33
(-1,89) and for the fourth quarter SEK -0,17 (0,00).
-- The cash flow during the period was MSEK -18 (-57) and the cash flow for
the fourth quarter was MSEK -5 (-7).
-- The Board proposes that no dividend is paid out in relation to 2012
Comments from the CEO
Write Live!
Although the fourth quarter was not satisfactory financially it marked a new
milestone for Anoto. The development of the world’s first tablet computer with
embedded Anoto technology was initiated and the product was launched by
Panasonic at the Consumer Electronics Show in Las Vegas on January 8, 2013.
This was an important proof of concept for Anoto and the evidence that we can
now Write Live on analogue (paper, plastic, ceramic steel) as well as digital
surfaces (screens).
Revenues in 2012 were 199 MSEK (192 MSEK). Revenues in Q4 were 41 MSEK (57
MSEK). Cash flow in 2012 was - 18 MSEK (- 57 MSEK). Cash flow in Q4 was -5 MSEK
(-7 MSEK).
In Q4 we shipped 3,250 pens to one of the world’s largest insurance companies,
to be used by insurance sales agents to capture front-end data electronically.
In Sweden we expanded an already large installed base of more than 15,000 home
healthcare workers with another 1,000 pens in Q4 via our partner Phoniro. In
Germany we received the first contract for a potentially large rollout to a
major banking organization. In the fourth quarter we established a sales
office in Amsterdam and recruited 3 senior sales people, including SVP Global
Sales. The team has many years of experience within enterprise software and
solutions and will focus primarily on the Benelux area and Germany as well as
co-ordinate our global activities.
During 2012 more than 50,000 new business users started to use mobile data
capture solutions based upon Anoto digital writing technology sold through our
network of partners and system integrators worldwide. This is more than 25%
growth over 2011. At the same time we reduced the average selling price of the
pen by 20%. The end user price of a data capture solution in the market did not
change considerably. Our strategy is to climb the value chain and consolidate
with some of our leading software platform partners through closer co-operation
and acquisitions. The net effect will be higher revenues per new customer and
stable high gross margins.
Sales within education and interactive white boards were significantly lower
than expected also in Q4. We continue to believe this is a future growth area
with a large potential. Now, with a proven solution for screens and tablets we
also see a potential opportunity to combine Anoto technology with larger LCD
screens.
In Q4 we received a 2 MEURO payment from a large global partner with whom we
are currently developing applications for government, primarily voting.
Outlook
As stated in the Company’s interim report for the third quarter 2012, the
Company’s total amount of cash has decreased during 2012. Recent developments
in our business, large global brands adopting our technology within business
solutions, partners’ expanding within education in Korea and China, a large
global partner developing solutions for voting and emerging opportunities to
become a real alternative for screen and tablet computer manufacturers for
digital writing, has confirmed our belief in several large growth
opportunities.
Board and management is of the opinion that the Company will benefit from
raising new capital to strengthen the Company’s presence in its market
segments. The rights issue as communicated to the market on Monday February 4
will provide necessary additional short term liquidity and strengthen the
Company’s balance sheet, as well as support product development, sales and
marketing activities and potential acquisitions.
Stein Revelsby, CEO
Anoto Group AB
To read the entire report, please see attached PDF.
Anoto Group AB may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was submitted for
publication at 08.30 on February 8, 2013.
A webcast of the Q4 report will be available from 09.00 on February 8 and a Q&A
session via audiocast will be held at 11.00 the same day. For more information,
see www2.anoto.com/investors.
For more information, please contact:
Stein Revelsby, CEO
Phone: +46 (0)733 45 12 05
or
Dan Wahrenberg, CFO
Phone: +46 (0)733 45 10 19
Anoto Group AB (publ.), Corp. Id. No. 556532-3929
Box 4106,
SE-227 22 Lund, Sweden
Phone: +46 46 540 12 00
www.anoto.com
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