Freemelt Holding AB (publ) whose groundbreaking solutions create new conditions for rapid growth in 3D printing - reports Q3 earnings. Freemelt - listed on Nasdaq First North Growth Market - is one of the leading suppliers of advanced additive manufacturing solutions.
THE GROUP'S KEY FIGURES
| KSEK | Jul-Sep | Jul-Sep | Jan-Sep | Jan-Sep | Full year |
| 2023 | 2022 | 2023 | 2022 | 2022 | |
| Net sales | 8 152 | 8 007 | 14 662 | 23 946 | 37 323 |
| Operating result | -17 696 | -17 704 | -64 661 | -53 678 | -67 647 |
| Result after fin. items | -17 485 | -17 708 | -64 473 | -53 625 | -67 593 |
| Balance sheet total | 270 883 | 281 153 | 270 883 | 281 153 | 268 624 |
| Equity ratio | 95% | 97% | 95% | 97% | 96% |
| Cash flow | -12 958 | -16 920 | 36 082 | -43 123 | -46 048 |
SIGNIFICANT EVENTS DURING THE PERIOD, Q3
Freemelt has:
- Received a new order of Freemelt® ONE from a Turkish university
- Received a new order for Freemelt® ONE from the Institute of Nuclear Technology (ATOMKI) in Hungary
- The materials development project for the UK Atomic Energy Authority (UKAEA) linked to fusion energy has been completed with good results
- Established an indirect sales channel agreement regarding sales in India
SIGNIFICANT EVENTS AFTER THE PERIOD, Q3
Freemelt has:
- Signed a breakthrough agreement with a global leading technology company for the industrial machine, eMELT
- Signed an extended collaboration agreement with Texas A&M regarding the industrialization of additive manufacturing in the U.S
- Launched eMELT-iD, a brand new eMELT model that will strengthen its position of solutions for large-scale industrial 3D printing
CEO's statement in brief
Freemelt have had a successful third quarter with two new orders for Freemelt® ONE.
It is a strong confirmation of the value our solutions bring to materials research and the manufacturing industry.
The development of the industrial machine eMELT, is going according to plan and we see a growing interest in the market. Freemelt® ONE, together with eMELT creates a completely unique solution enabling a seamless transfer from research and development to industrial mass production, which is an important competitive advantage for Freemelt.
We see an increasing interest in applications within the chemical element Tungsten, especially for use in renewable energy, semiconductors, medical technology and for the defense industry. We have several ongoing discussions with institutions and universities both in Europe and in U.S.
Shortly after the end of the period, we signed a breakthrough agreement regarding our industrial machine, eMELT. The customer is a global world-leading company in 3D printing of Tungsten products. The agreement stipulates that Freemelt achieves a new important milestone and enters a new commercial phase, from research to mass production.
I am incredibly proud of this success and the entire team at Freemelt who together made this possible. It has given me an increased expectation for the coming years, in a market in great change. Selling eMELT, unlike the research machine Freemelt® ONE, will generate new revenue streams in terms of recurring revenue and new value-centric pricing models linked to service agreements and aftermarket.
Contacts
For more information, please contact:
Daniel Gidlund, CEO
daniel.gidlund@freemelt.com
070-246 45 01
About Us
Freemelt is a deep-tech, green-tech company whose ground-breaking solution creates new opportunities for rapid growth in 3D printing, also known as Additive Manufacturing, a technology under substantial growth revolutionizing the traditional manufacturing industry, by offering a sustainable production process with optimized product design, shorter lead times, minimal waste and reduced environmental footprint.
Freemelt's protected technology enables a more greener, cost-efficient 3D printing to a consistent and high quality. By choosing an open-source solution, the conditions are created for strong growth and expansion towards manufacturing markets. Freemelt was founded in 2017, is listed on Nasdaq First North Growth Markets, has 38 employees, head office in Gothenburg and a manufacturing unit in Linköping. Read more at www.freemelt.com.
This information is information that Freemelt Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-11-08 08:00 CET.
