IVISYS AB (‘IVISYS’) has today published the interim report for the period January to March 2020
Below is a summary of the report.
First Quarter (2020-01-01 – 2020-03-31)
- Revenue for the period was 380 (938) KSEK.
- Operating income was -4 587 (-4 723) KSEK.
- Earnings per share were -0,33 (-0,41) SEK.
- The equity ratio was 9,8 (34,7) %.
Earnings per share: Earnings of the period divided by 15 019 611.
Equity ratio: Equity divided by total assets.
Figures in parentheses are numbers for the corresponding quarter the previous year.
CEO STEFAN BOHMAN COMMENTS
Being newly appointed CEO is always an exciting experience, not least when you get the opportunity to write a result commentary so close to the start. The fact that the former CEO remains in the organization ensures stability and that our technical expertise is well taken care of.
Coming to IVISYS has been a very rewarding. First impression, discussions and feedback from customers places great focus on the highly competent staff who work hard with both development and innovation in parallel with production to remain at the forefront. It is also worth noting the positive feedback regarding the technical level of our products, which shows that they hold very high class which is recognized both by customers and international awards. We have a strong customer base of multinational companies, established committed large owners and ongoing business discussions that prove that our offer to customers stands strong against other alternatives.
The financial figures presented for the first quarter of 2020 indicate weak revenue largely based on changes in products in work. We can see that invoicing and net sales based on both sales and service work show increasing positive curves and we see good opportunities to continue this increase during the second quarter. 2020 started with a high sales activity and then was affected by the general economic slowdown and uncertainty and ended the quarter at a lower level.
The business is currently completing a number of major projects that will be delivered in the near future, where our first IVISYS Pallet Inspector, among other things, is an important milestone. We have also driven other operations forward by following up on patent applications in a number of important regions, planning for continued production and analysis work for future pricing to name a few areas.
We look with confidence in the future, the long-term trend that we see ahead of us today means home-relocated production combined with a desire for reduced staff dependence, which gives us a good position to expand our business. IVISYS has many large customers who need more systems in the future, and expected changes in the global market over time have the potential to give us a favorable position.
Stefan Bohman, CEO IVISYS AB
Please visit https://ivisys.com/interim-reports/ to find the full report (in Swedish)
Svensk Kapitalmarknadsgranskning AB
Phone: +46 11 32 30 732
FOR MORE INFORMATION, PLEASE CONTACT:
Jakob Kesje, Chairman of the Board, IVISYS AB
Phone: +45 20 22 60 10
This information is information that IVISYS AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on May 14, 2020.
IVISYS is combining the knowledge of two engineering companies, one with a superior patented image processing software and the other with a unique superior command of Image acquisition. The unique product offering of IVISYS with the IVISYS Pro software suite, the use of artificial intelligence (AI) and outstanding quality in light and sensor knowledge is giving the Industry automated vision inspection solutions that are reliable, fast and flexible. With a portfolio of standard solutions that can be integrated in almost all industrial productions the market accessible to IVISYS is global, large in volume, and growing at the rate of the industry automation, currently strongly driven by the industry 4.0 approach. The solutions offered are available to most industrial manufacturers due to the short ROI, when comparing to existing manual control widely used in the industry today. Elected as “TOP 10 Machine Vision solution provider in Europe 2019” by Technology Insights Manufacturing.