OptiFreeze > Media > Press Releases & News

2020-02-14, 08.30 (CET)

Year End Report 2019

Regulatory

 Important Steps towards Commercial Breakthrough 

 Year End Report 2019 

Summary of quarter Q4 2019 

The following summary refers to the period 1/10/2019 – 31/12/2019, compared to 1/10/2018 – 31/12/2018 

Net sales for this period totaled to SEK 347,174 (SEK 311,886) 

Operating result for the period of SEK -2,484,934 (SEK -1,640,324) 

Capitalized development costs of SEK 738,113 (SEK 151,804) 

Average number of registered shares 11,059,980 (9,877,264 shares) 

Result per share* SEK -0.22 (SEK -0.17) 

*Result per share is calculated on the average number of registered shares during the period. 

Summary of Q1-Q4 2019 

The following summary refers to the period 1/1/2019 – 31/12/2019, compared to 1/1/2018 – 31/12/2018 

Net sales for this period totaled to SEK 3,481,431 (SEK 1,237,988) 

Operating result for the period of SEK -8,327,956 (SEK -6,840,659) 

Cash and bank balance SEK 13,697,509 (SEK 6,819,997) 

Capitalized development costs of SEK 2,038,871 (SEK 1,370,801) 

Average number of registered shares 10,279,167 (9,877,264 shares) 

Result per share* SEK -0.81 (SEK -0.69) 

Equity Ratio 90.1% (82.7%) 

Financial overview 

KSEK Q4, 2019 Q4, 2018 Q1-Q4, 2019 Q1-Q4, 2018 Operating income 1,126 464 5,572 2,646 Operating result -2,485 -1,640 -8,326 -6,837 Net result  -2,485 -1,640 -8,328 -6,841 Total assets 25,283 18,245 25,283 18,245 Cash and bank equivalents 13,698 6,820 13,698 6,820 Equity 22,790 15,083 22,790 15,083 Equity ratio, % 90.14 82.67 90.14 82.67 Average number of registered shares in the period 11,059,980 9,877,264 10,279,167 9,877,264 Number of registered shares at the end of the period 11,059,980 9,977,264 11,059,980 9,877,264 Result per registered share before and after dilution, SEK -0.22 -0.17 -0.81 -0.69

CEO 

OptiFreeze AB

ulf.hagman@optifreeze.se

Tel 0733636380

Release