Cell Impact AB (Nasdaq First North GM: CI B) reports the following financial summary for the third quarter.
- Total revenues for the first quarter amounted to SEK 27.5 million, which is growth of 224 percent for the quarter.
- Operating result was SEK -14.4 million (-5.7).
- The Group’s result after financial items was SEK -14.7 million (-6.1).
- Earnings per share attributable to the shareholders of the Parent Company totaled SEK -0.25 (-0.12).
- Equity was SEK 149.3 million (52.3) or SEK 2.54 per share (1.01) on the balance sheet date.
- Debt/equity ratio was 73% (59%) on the balance sheet date.
- Cash flows from operating activities amounted to SEK -20.2 million (-3.5) during the quarter.
- On the balance sheet date, the Group’s cash and cash equivalents totaled SEK 57.5 million (23.6).
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.
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