Correction: BoMill Q3 Report July – September 2023

The press release published earlier today stated “Net sales and income for the second quarter (July – September 2023)” while it should be stated “Net sales and income for the third quarter (July – September 2023)”.  The same for “Net sales and income for the first six months (January – September 2023)”, the correct information is “Net sales and income for the first nine months (January – September 2023)”. The corrected press release follows in its entirety. There is no change to the financial information and the attached quarterly report.

BoMill AB (”BoMill” or the “Company”) hereby publishes the Interim Report for the period July 1 – September 30, 2023. The Interim Report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.

Focus on commercial development – new orders and strategic partnerships

CEO Andreas Jeppsson comments:

“A new order on BoMill InSight™ and new partnerships with leading companies expanding our distribution network in strategic markets, is the result of our intense commercial activities and the success of our first BoMill InSight™ installations.”

Net sales and income for the third quarter (July – September 2023)             

• Net sales amounted to KSEK 0 (KSEK 88).
• Net income after financial items amounted to KSEK -5 298 (KSEK -5 169).
• Net income per net weighted average share amounted to SEK -0,06 (SEK -0,11).
• Cash flow during the third quarter amounted to KSEK -5 920 (KSEK -6 314).
• As of September 30, 2023, cash and cash equivalents in the Company amounted to KSEK 15 709 (KSEK 18 997).

Net sales and income for the first nine months (January – September 2023)     

• Net sales amounted to KSEK 5 371 (KSEK 540).
• Net income after financial items amounted to KSEK -13 439 (KSEK -16 871).
• Net income per net weighted average share amounted to SEK -0,21 (SEK –0,58).
• Cash flow during the period amounted to KSEK 1 065 (KSEK 4 455).
• Orders received during the period amounted to approximately MSEK 4,2 (MSEK 2,8).

Highlights during the third quarter

• On August 3, BoMill confirmed the first installations of BoMill InSight™ are successful.
• On September 7, BoMill announced a distribution agreement with Nexeed Inc. for the Canadian market.
• On September 12, BoMill announced a distribution agreement with I.P. Global Tech & Machinery for the Mexican market.
• On September 13, BoMill signed agreement with Baltijos Javai worth EUR 270 000

Highlights after the end of the period

• On October 3, BoMill announced its forthcoming presence at Agritechnica
• On October 20, BoMill announced the Nomination Committee for the 2024 Annual General Meeting.

BoMill Q3 report can be found on BoMill’s website (www.bomill.com/investors/reports)