BoMill publishes half-year report for second quarter and first six months 2021

BoMill AB (”BoMill” or the “Company”) hereby publishes the half-year report for the second quarter and the first six months of 2021. The half-year report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.

CEO Andreas Jeppsson comments:

“We are very motivated in the journey that lies ahead of us. With the knowledge that the entire market is in a need of modernized technology, the timing is right. I am excited about or ongoing development and our business strategy, delivering value to producers, grain handlers, the processing industry and consumers.”

Net sales and income for the second quarter (April – June 2021)                        

• Net sales amounted to KSEK 25 (KSEK 16).
• Net income after financial items amounted to KSEK -7 541 (KSEK -5 245).
• Net income per share amounted to SEK -0,63 (SEK -0,76).
• Cash flow during the second quarter amounted to KSEK -5 812 (KSEK 11 665).
• As of June 30, 2021, cash and cash equivalents in the Company amounted to KSEK 11 516 (KSEK 12 746). During Q2 2020 a new share issue amounting to KSEK 12 662 affected the cash flow.

Net sales and income for the first six months (January – June 2021)

• Net sales amounted to KSEK 66 (KSEK 53).
• Net income after financial items amounted to KSEK -12 719 (KSEK -10 633).
• Net income per share amounted to SEK -1,07 (SEK -1,54).
• Cash flow during the period amounted to KSEK -13 830 (KSEK 8 528).

Highlights during the second quarter                 

• On April 12, 2021, BoMill announced the recruitment of Per Heander as new Chief Financial Officer (CFO). Per Heander has over two decades experience from the venture capital segment.

• On April 15, 2021, BoMill published its Annual Report for the fiscal year 2020. The Annual Report is available on BoMill’s website.

• On May 6, 2021, BoMill held its Annual General Meeting. Minutes from the AGM is available on BoMill’s website.

• On June 1, 2021, Fredrik Nilsson commenced as new CTO of BoMill.

Highlights after the second quarter                    

• On July 5, 2021, BoMill announced that the Company is moving ahead, focusing on setting a plan for commercialization for its new high-capacity sorting equipment. The new equipment is aimed to be launched during Q2 2022.

• On August 15, 2021, BoMill carried out a directed share issue. The issue was subscribed by a number of key investors and raised proceeds of approximately SEK 14.3 million prior to transaction costs.