Realfiction Holding AB announces its Q2 Interim Report for April – June 2022
The company announces that the Q2 Interim Report for April – June 2022 is now available. The full report is attached as a separate document and can also be downloaded from the company’s website (www.realfiction.com). A printed copy can be ordered via [email protected]. Below is a brief summary of the Q2 Interim Report.
Important key figures:
• 117% increase in total revenue Q2, 2022 compared to Q2, 2021
• 169% increase in gross profit in Q2, 2022 compared to Q2, 2021
• 24% increase (11.8 points) in gross profit margin in Q2, 2022 compared to Q2, 2021
• Solvency ratio of 86.4% at 30 June 2022 compared to 87.2% at 31 December 2021
During the period Realfiction has experienced the following development in its business:
Project ECHO: The ECHO hardware development continued according to plan during the second quarter and we are now just months away from finally being able to show the world what ECHO can really do. This will surely be an exciting moment for Realfiction and our shareholders as well as for the whole display industry, as we are aiming to present something that was thought to be impossible for decades. Due to the progress in our ECHO hardware development project, we received the first TSEK 676 tranche from the up to MDKK 5 Innobooster grant from Innovation Fund Denmark in June. Further tranches are expected to be received in the coming quarters.
Sales activities: The positive trend for our hardware sales and rentals continued during the second quarter. Both our revenue and gross profit more than doubled compared to Q2 2021, and we also delivered a very strong gross profit margin of 60.7% compared to 48.9% for the same period last year. The higher gross margin was mainly due to higher rental sales and the higher USD forex rate.
CEO Clas Dyrholm comments: “A major takeaway from our second quarter is our continued ability to combine development of innovative holographic display technology with a healthy hardware sales and rental business. Looking at the bigger picture, it is obvious that we are moving into post pandemic territory for these segments. This is great news for Realfiction as a whole, as it strengthens our financial position until we expect to see revenue from ECHO related business activity.”
We highlight the following key figures from the Q2 Interim Report:
Q2 2022 (1 April – 30 June 2022)
• Revenue: TSEK 3,691 (Q2, 2021: TSEK 1,701)
• Gross profit: TSEK 2,242 (Q2, 2021: TSEK 832)
• Gross profit margin: 60.7% (Q2, 2021: 48.9%)
• Result after financial items: TSEK -547 (Q2, 2021: TSEK -3,168)
• Earnings per share: SEK 0.01 (Q2, 2021: -0.11)
• Cash flow from operating activities: TSEK -79 (Q2, 2021: TSEK 1,455)
H1 2022 (1 January – 30 June 2022)
• Revenue: TSEK 6,929 (H1, 2021: TSEK 3,392)
• Gross profit: TSEK 4,336 (H1, 2021: TSEK 1,708)
• Gross profit margin: 62.6% (H1, 2021: 50.4%)
• Result after financial items: TSEK -667 (H1, 2021: TSEK -4,788)
• Earnings per share: SEK 0.04 (H1, 2021: –0.17)
• Cash flow from operating activities: TSEK -1,010 (H1, 2021: TSEK -1,370)
