Rights issue enables market expansion
Interim Report 1 (2018-05-01 – 2018-07-31)
The Board of Directors and the CEO of Phase Holographic Imaging PHI AB (publ), corporate identity number 556542-7811, hereby submit Interim Report 1 for the fiscal year 2018/19.
- Net sales for the first quarter increased by 30 % to 856 (660) TSEK.
- Gross margin amounted to 68 (72) %.
- During the quarter the company raised 46.3 MSEK before expenses. The rights issue was, however, not fully completed until after the reporting period, resulting in that the rights issue will first be reported in Interim Report 2.
- The remaining options associated with the two board member and advisor option programs were fully redeemed during the quarter. After option redemption and the rights issue, the number of shares in the company amounts to 13 746 634.
- After being tested and well received by selected customers, the new software framework HoloMonitor® App Suite was released for customer delivery in July as planned.
- The Board recently approved the company’s most ambitious market expansion to date.