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Financial overview of the second quarter and the half year

 

Second quarter 2021, April 1 – June 30

  • Net sales amounted to KSEK 0 (0).
  • Result after taxes amounted to KSEK -6 619 (-4 202).
  • Earnings per share before and after dilution amounted to SEK -0.08 (-0.06).
  • Cash flow from operating activities after changes in working capital amounted to KSEK -8 546 (-2 541).

First half year 2021, January 1 – June 30

  • Net sales amounted to KSEK 0 (0).
  • Result after taxes amounted to KSEK -13 444 (-6 997).
  • Earnings per share before and after dilution amounted to SEK -0.01 (-0.10).
  • Cash flow from operating activities after changes in working capital amounted to KSEK -12 883 (-5 494).
  • Cash and cash equivalents on the balance sheet date amounted to KSEK 18 120 (12 418).

Significant events during the second quarter of 2021

  • The Annual General Meeting was held on May 27, 2021. Due to COVID-19, the general meeting was conducted by postal vote and without physical attendance. Re-election of the board members Stefan Andersson-Engels, Ulf Bladin, Roland Andersson and Urban Widén. Masoud Khayyami declined re-election. Urban Widén was proposed as new Chairman of the Board.
  • A confirmation from an independent auditing firm showed that Lumito has the processes in place to qualify for ISO 13485. The first step is completed, and the processes showed that the company is well prepared for the requirements of the IVDR Regulation. The next step is to show that the processes are complied in practice.
  • Patent describing the use of light pulses to improve technology efficiency and shorter imaging times was granted in India. The patent has previously approved in Europe, South Korea, Australia, China, South Africa, the USA and Japan.

Significant events after the end of the period

  • The company called to an extra General Meeting on August 19, 2021. The Board of Directors proposed a long-term incentive program for the Company’s CEO. The purpose of the proposal is to promote a long-term increased community of interests between the CEO and its shareholders. This is considered to be in line with the interests of all shareholders.