Axolot Solutions Holding AB (publ) - Year-end report January-December 2021

Focus on cost efficient, sustainable holistic solutions, handling a larger flow range.

Summary of the fourth quarter 2021

Financially

• Net sales amounted to 586 tSEK (1 318 tSEK for the corresponding quarter in 2020), which refers to customer trial activities and studies. In the comparison period 2020, one AxoPur® system was sold.
• Other revenues were 22 tSEK (286), which relates to public research grants and project support.
• Earnings before interest and tax became -4 822 tSEK (-3 953).
• Net earnings per share amounted to -0,09 SEK (-0,15).
• Liquid funds were 12 868 tSEK at year end 2021.

Operationally

• Board member Lennart Holm was appointed new President of Axolot as from October 1, 2021. The decision was a consequence of the board wanting to accelerate the commercialisation of Axolot’s products and offering.
• Under the management of Lennart Holm, an upgrade of the purification technology has started. This is expected to result in an even more cost efficient holistic solution, which shall also handle very much larger flows of process water than before. New market opportunities should open up as a consequence, already in 2022.
• Agreements were signed for trial activities with customers within the energy industry and the transport sector, during the fourth quarter.

Quarter 1-4 2021

• Net sales for the full year 2021 were 2 534 tSEK (3 683 tSEK for the full year 2020), where the decrease is explained by reduced possibilities for customer activities as a consequence from the pandemic. For each of the years, the sale of one AxoPur system is included.
• Other revenues were 367 tSEK (740) and this comes mainly from public research grants and project support.
• Earnings before interest and tax became -18 300 tSEK (-19 855). Lower net sales were compensated by less costs for mainly personnel and consultants.
• The Board proposes no dividend for the year 2021.

Key events during the fourth quarter 2021

• Board member Lennart Holm was appointed new President of Axolot from October 1, 2021. The decision was a consequence of the board wanting to accelerate the commercialisation of Axolot’s products and offering.

Key events after the end of the year

There were no key events after the end of the fourth quarter 2021.