Guidance 2024 - high growth expectations
COMPANY ANNOUNCEMENT NO. 94
Inside information
Today, LED iBond International A/S launch its revenue outlook for 2024 and predicted cash flow from operations. Martin Løbel, CEO of LED iBond international comments:
In December 2023, LED iBond succeeded in raising DKK 10 million in new capital despite difficult financial markets to extend the company’s runway towards self-sustained operations, and I’m pleased with this trust from our shareholders.
Despite the successful steps during 2023, the overall objective is still for us to demonstrate substantial revenue growth, and based on our pipeline and market feedback, we have high expectations for 2024 with a revenue guidance of DKK 10 - 12 million for the full year.”
Outlook 2024
In company announcement no. 82 29 November 2023 LED iBond International A/S updated its outlook for 2023 to reflect the short-term timing shift on a few larger projects.
LED iBond International A/S outlook for 2024 and 2025 is:
- Revenue of DKK 10 – 12 million for 2024
- Positive cash flow from operations during 2025
