Significant events January - March, Q1 2024
- Freemelt has received an order from Saab targeting defense applications.
- Freemelt has received an order for Freemelt ONE from the University of Sheffield.
- Freemelt has entered into a strategic partnership with WEAREAM, Italy, aiming to accelerate additive manufacturing as a manufacturing method for industrial serial production. As a first step, an eMELT-iD will be installed at WEAREAM's facilities in Q3 2024.
- Freemelt hosted a Freemelt User Forum in Gothenburg.
- The Board of Directors of Freemelt resolves a fully guaranteed rights issue of approximately 66 MSEK.
Key figures January - March, Q1 2024
| KSEK | Jan - Mar | Jan - Mar | Full year |
| 2024 | 2023 | 2023 | |
| Net sales | 816 | 970 | 22 310 |
| Operating result | -23 439 | -24 075 | -84 024 |
| Result after fin. items | -23 435 | -24 087 | -82 854 |
| Balance sheet total | 232 974 | 307 541 | 254 686 |
| Solidity | 93% | 97% | 94% |
| Cash flow | -16 666 | 62 252 | 23 052 |
Freemelt CEO Daniel Gidlund comments:
"We have kicked off 2024 with solid progress towards our long-term ambition of establishing Freemelt as a leader in our segment by 2030 and achieving a turnover of 1 BSEK. During the first quarter, we entered into a strategic collaboration with WEAREAM and received orders from Saab and the University of Sheffield. These orders expand our customer base within the research industry and strengthen Freemelt's position further in the industrial segments of defense and energy fusion applications. So, the results in quarter 1 are taking us one step forward towards our strategic ambition to become a leading productivity partner to our customers."
June 3rd at 2:00 pm CEST, Freemelt's CEO Daniel Gidlund, CFO Martin Granlund, and Director of Defense - Americas Jim Monroe, will host a webcast. The presentation is followed by a Q&A, moderated by Finwire.
You can find the webcast at this link: https://www.finwire.tv/webcast/freemelt/q1-2024/. You can send your questions in advance and during the live webcast at the event link. The webcast will be available on demand if you can't watch it live.
Freemelt's CEO Daniel Gidlund will be interviewed by Redeye analyst Anton Hoof on June 4th at 09:00 am CEST. You can watch the interview by registering at this link: https://www.redeye.se/company/freemelt
The full report is available as an attached PDF and at Freemelt's website: Freemelt Financial Reports
Contacts
For more information, please contact:
Martin Granlund, CFO
martin.granlund@freemelt.com
070-279 04 28
Daniel Gidlund, CEO
daniel.gidlund@freemelt.com
070-246 45 01
Certified Advisor
Eminova Fondkomission AB
adviser@eminova.se
About Us
Freemelt is a deep-tech, green-tech company whose groundbreaking solution creates new opportunities for rapid growth in 3D printing, also known as additive manufacturing (AM). AM is a technology under substantial growth, revolutionizing the traditional manufacturing industry by offering a sustainable production process with optimized product design, shorter lead times, minimal material waste, and reduced environmental impact. Freemelt's protected technology enables more cost-effective 3D printing with consistent and high quality. A open-source approach will provide conditions for significant growth and expansion into new manufacturing markets. Freemelt was founded in 2017, is listed on Nasdaq First North Growth Market, headquarters in Mölndal, has a manufacturing unit in Linköping, and sales offices in the Netherlands and the USA. 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 2024-05-31 08:00 CEST.
