Report for fourth quarter, October - December 2014

ÖRNSKÖLDSVIK, SWEDEN. 2015-03-02, by Nikolas Georgii

Strong momentum…

The positive trend from previous quarters continued in the fourth quarter. Interest in issues relating to privacy and cyber security is strong. The focus on OEM licensing, where Clavister product technology is a perfect fit, has resulted in new cooperation agreements with high potential for the future.

Several high-profile business wins has been obtained as World Ski Championships in Falun, Sweden, Swedish Hockey League, a global provider of military communications technology and a major Southeast Asian telecoms operator.

Good conditions for continued good growth and improved margins during 2015

The quarter in short

Sales increased by 91% in the fourth quarter

  • Revenue increased in the fourth quarter by 91% to 22.2 MSEK (11.6)
  • Gross profit for the fourth quarter increased by 254% to 16.8 MSEK (4.7)
  • Profit after tax for the fourth quarter -13.5 MSEK (-17.7)
  • Ending cash balance 11.7 MSEK (44.5) 

Overall terms and conditions for a loan covering the company’s financing needs have been agreed. The agreement is expected to be signed during March.

The report can be read in its whole here

 

Örnsköldsvik, the 2nd of March 2015

Clavister board of directors

 

This report has not been audited by the auditor