Cell Impact Reports First Quarter Results For 2021

By May 7, 2021 2   min read  (292 words)

May 7, 2021 |

Fuel cells works, hydrogen, Cell Impact, fuel cells

Cell Impact AB (Nasdaq First North GM: CI B) reports the following financial summary for the first quarter.

  • Revenues for the first quarter totaled SEK 12.1 million, which is a growth of 70% for the quarter.
  • The operating result was SEK -14.4 million during the quarter (-11.5).
  • The Group’s result after financial items was SEK -14.7 million (-11.5).
  • Earnings per share attributable to the shareholders of the Parent Company totaled SEK -0.25 (-0.25) during the quarter.
  • Equity was SEK 187.2 million (33.6) or SEK 3.18 per share (0.74) on the balance sheet date.
  • The debt/equity ratio was 78% (71%) on the balance sheet date.
  • Cash flows from operating activities amounted to SEK -8.2 million (-12.8) during the quarter.
  • On the balance sheet date, the Group’s cash and cash equivalents totaled SEK 129.8 million (2.7).

Significant events in the period

  • January 12, 2021 | Cell Impact appoints Mr Forrest Zhang as China Country Manager
  • March 12, 2021 | Cell Impact receives SEK 42 million order from Plug Power for new production line and flow plates
  • March 15, 2021 | Nowogen Technology places SEK 1.3 million order for serial production of flow plates
  • March 26, 2021 | Cell Impact publishes Annual Report for 2020
  • March 31, 2021 | Cell Impact Japan Inc. office now opened

More on Cell Impact

About Cell Impact

Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell manufacturers. The company has developed and patented a unique method for high-velocity forming, Cell Impact Forming™, which makes it possible to produce flow plates with more advanced designs, which in turn creates more cost and energy-efficient fuel cells compared to conventional forming methods.

Read the most up to date Fuel Cell and Hydrogen Industry news at FuelCellsWorks


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